Carmel-based tech firm Determine delisted from Nasdaq
The software company’s shareholder equity fell below the $2.5 million required to remain on the exchange.
Susan Orr
Articles
Peppy Grill closes for renovations
The 24-hour diner, which closed late last month, expects to reopen in March with all-new seating, flooring, kitchen equipment and a new indoor/outdoor seating area on the north side of the building.
Scotty’s Brewhouse founder sued over Carmel restaurant deal
In the suit, a former business partner of Scott Wise says he was defrauded out of his $300,000 investment in the Scotty’s Brewhouse on Main Street.
Stars Sandwich Market to relocate from longtime downtown site
The eatery’s new owners, who acquired the business in May, are moving to a new location over the weekend after 21 years in the current site. They also plan to expand Star’s menu offerings.
ROUNDUP: City Dogs Grocery to open Fountain Square store
Its second store in the downtown area will replace one in Broad Ripple. Also this week: Carvana, Vispring, Texas Roadhouse, Aldi, Dunkin’ Donuts and Jimmy John’s
Indianapolis-based Contour Hardening has new leader, huge growth plans
The small manufacturer in the niche metal heat-treating industry has a new CEO, a new outlook and plans to more than triple annual revenue in five years.
Scotty’s Brewhouse to close four locations as part of bankruptcy
The parent of Scotty’s Brewhouse filed for Chapter 11 bankruptcy protection late Tuesday in Indianapolis. It plans to shut down four of its 17 locations, including two local restaurants.
Celadon CEO Svindland recovering after brain surgery
CEO Paul Svindland is recovering at home following surgery last week to remove a benign brain tumor, the Indianapolis-based trucking company said Tuesday.
Carmel-based Merchants Bancorp to acquire Florida-based lender
NattyMac, which was established in 2004, has a historical connection with Indianapolis and was sold to its current owner in 2017 for $211 million.
Cummins CEO: U.S. should take incremental steps to resolve trade tensions
Cummins CEO Tom Linebarger says a practical, targeted approach will work better than “carpet-bombing” China with escalating tariffs.
Genesco still seeking buyer for Lids amid declining sales
Tennessee-based parent Genesco says it is still optimistic it can sell its Lids unit, while acknowledging it has taken longer than expected to find a buyer for the headwear retailer.
Q&A with Chelsea Haring-Cozzi, CHIP’s new executive director
Chelsea Haring-Cozzi knows, through a close relative’s experience, how important a safety net can be in keeping people from becoming homeless.
Pacers Bikeshare rolling out major expansion in 2019
The Indiana Pacers Bikeshare program plans to roll out 23 new stations next summer—some of which will be miles away from the Mile Square.
St. Louis calzone shop set for downtown Indy, Carmel
The local operator liked the concept so much he convinced the owner to franchise it. Also this week: Rooster’s Kitchen, Capture Fitness, Pies & Pints, Agape Pizza, Dough Life, Indyo, Pots & Pans Pie Co. and Goodwill.
Greenwood-based One Click Ventures acquired by eyewear heavyweight
Randy Stocklin, who founded the company with his wife, Angie Stocklin, will remain with the company.
Gallery Pastry Shop to open second, larger location
The pastry shop, which opened its Broad Ripple business in 2016, plans to open another location in 2020 in a new building in the Old Northside neighborhood.
Virtual reality plays growing role in retail
Early-adopter retailers in central Indiana—including Walmart, Macy’s and California Closets—are embracing virtual reality for employee training or to enhance customer experiences.
America’s Floor Source making crosstown move, adding showroom
The expansion positions Indy as a second headquarters. Also, in the week’s roundup: Ash & Elm, Red Dog Books, Miracle on South Street, JD Sports, At Home and much more.
IndyGo OK so far with electric buses, despite Albuquerque woes
IndyGo and bus maker BYD Ltd. say they’re confident the electric buses Indianapolis plans to use for the Red Line will meet the system’s needs.
IndyGo, planning on electric buses for Red Line, skeptical of Albuquerque’s reported woes
The city of Albuquerque, New Mexico, says it has discovered serious structural and safety problems with the same model of electric bus IndyGo plans to use for the Red Line.