Several well-known Indiana companies were acquisition targets, including biotech firm Endocyte Inc., retailer The Finish Line Inc., racino owner Centaur Gaming, auto body chain Church Brothers Collision Repair, banking company MainSource Financial Group, and gas and electric utility Vectren Corp.
Fast-growing national low-cost carrier Spirit Airlines plans to begin operations in Indianapolis next year, beginning with nonstop flights to and from three destinations.
Ricker’s Chairman Jay Ricker told IBJ on Thursday morning that a purchase agreement for his 39-year-old company is in place and the deal is expected to close by the end of the month.
Indianapolis-based Steak n Shake announced a plan Monday to dramatically change its franchising model by letting “franchise partners” take over operations at company-owned restaurants.
The 8-year-old firm, which focuses on investing in early-stage Midwestern tech companies, this week filed plans with the Securities and Exchange Commission to raise $50 million to $100 million for the new fund.
The center is expected to create 3,000 jobs—1,000 more than Infosys announced last year when it said it planned to open an $8.7 million tech and innovation hub in Indianapolis. Vice President Mike Pence is scheduled to attend Thursday’s jobs announcement.
A franchisee has filed suit against Indianapolis-based Steak n Shake in an effort to raise its menu prices because it says all of its restaurants are losing money.
A private-investigations firm hired by Peyton Manning’s lawyers is facing a broadcaster’s petition to turn over information it uncovered about a documentary.
Local tech industry entrepreneurs and investors Bill Godfrey and Mark Hill expect their day-to-day involvement to take the Carmel-based software-as-service firm to the next level.
Caprice Bearden, 63, of Carmel pleaded guilty in U.S. District Court to one count of conspiracy to defraud the United States and nine misdemeanor counts related to the sale of adulterated drugs, including painkillers that were used on hospitalized infants.
In a deal called “one of the most important” stories in the motorcycle industry this year, a company controlled by Indianapolis-based business-holding firm LDI Ltd. has filed for Chapter 11 bankruptcy after racking up about $440 million in debt.
Gail Boudreaux’s appointment as CEO of Anthem Inc., announced on Monday, makes her the highest-ranking female executive in the health insurance industry.
The company once known as Thomson Consumer Electronics plans to shut down its local office in Carmel by the end of the year.
Indianapolis-based Celadon Group Inc. is exiting the driver-education business, five years after spending heavily to launch the driving schools as a way to combat an ongoing shortage of qualified truck drivers.
A company that acquired the intellectual property rights for defunct Indianapolis-based retailer HHGregg Inc. is planning to resurrect the brand with an online business that sells electronics and appliances nationally.
The stores are all operated by Sears Hometown and Outlet Stores Inc., a struggling public company that was spun off by Sears Holdings Corp. in 2012.
Encore Sotheby’s International Realty said the property was the largest single-family residential real estate sale in the local office’s six-year history and the largest ever in Marion County listed in the Metropolitan Indianapolis Board of Realtors database.
The company said it took a $1.4 million loss in the third quarter from discontinuing operations in its standalone take-and-bake restaurant operations. It plans to focus on a new restaurant concept that will debut in January.
The sale is intended to resolve a lawsuit filed by Wells Fargo Bank that accused Hofmeister of defaulting on a $2.3 million mortgage on the building.
Paoli Inc. will begin shutting down its corporate campus in Orleans in phases beginning in January and permanently close by the end of next October, the company said. The furniture maker got its start in 1926.
