CEO Paul Svindland said challenges in the trucking industry, along with fallout from what prosecutors allege was a massive accounting fraud engineered by prior management, proved impossible to overcome.
The Indianapolis-based company lost its way after founder Stephen Russell gave up the CEO’s role in 2012, and three of its former executives now are facing fraud charges.
In addition to numerous criminal charges, the former chief operating officer and chief financial officer of Indianapolis-based Celadon Group are facing a civil suit filed Thursday by the U.S. Securities and Exchange Commission.
It’s part of a multi-state expansion that comes just more than a year after the original Thrillz opened. Also this week, the reopening of Cinemark 8, Kilroy’s Bar and Grill and The Boiling.
Indianapolis food-delivery company ClusterTruck is partnering with Cincinnati-based Kroger for a pilot program that will give the grocery giant an entry into the fast-growing meal delivery market, the companies announced Monday.
Plans are underway to build a national Desert Storm and Desert Shield Memorial near the Lincoln Memorial in Washington, D.C.—and the effort has Hoosier fingerprints all over it.
The fine settles U.S. Securities and Exchange Commission charges that the Indianapolis-based fuel-products refiner issued inaccurate information about its 2017 financial performance.
Head chef Josh Klein and pastry chef Zoe Taylor are no longer working at Milktooth, the celebrated Fletcher Place restaurant owned by Jonathan Brooks.
The ruling in U.S. District Court in Indianapolis could make it easier for brokers who switch firms to notify clients about the change without fear of legal action.
Cummins said the layoffs are part of a wider effort to trim up to $300 million in costs in response to a slowdown in sales demand.
The company the school launched in 2017 insures a range of campus activities and assets, from its fine art collection and pianos to its living bulldog mascot.
Connecticut-based Stanley Black & Decker said last month that it was planning to cut $200 million in annual costs “from headcount actions across the company as well as executing some footprint rationalization opportunities.”
The California-based company’s local franchisee is shopping for sites downtown and across central Indiana. Also this week: Best Friends Pet Hotel, Mission 27 Resale, Rize and Dr. Tavel.
Lafayette Square Mall is up for sale. And whether the Indianapolis-area’s third largest shopping center remains a retail property or is redeveloped into something else will be determined by the buyer.
The company says the nearly $50 million it’s spent developing technology for new laser weaponry over the past decade is now threatened because of a dispute with a fellow military contractor.
Jeff Korzenik, chief investment officer for Fifth Third Bank, told the audience at IBJ’s 2020 Economic Forecast that employers need to investigate nontraditional sources of workers to offset the weak labor market.
The chain’s 11th gym here will be an upscale version of what local members are used to. Also this week: Chuy’s restaurant and Vinny’s Drive Bar.
Local closures set for Monday will leave the Beaumont, Texas-based deli chain with only one Indiana store, in Evansville.
The San Antonio facility has a throughput capacity of 21,000 barrels a day and produces diesel, jet fuel, gasoline and other jet fuel products.
IndyGo vendors are still working to deploy two key features that were supposed to be in place when the Red Line launched Sept. 1—and the delays are both disrupting Red Line operations and hurting IndyGo’s bottom line.
