Indianapolis loses two Bally fitness centers
The closures come as the parent company reorganizes and competitors pump up their local presence.
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Finish Line losses shrink, but miss expectations-WEB ONLY
The Finish Line narrowed its losses in its fiscal first quarter, the Indianapolis-based athletic shoe and clothing retailer reported today. But the results fell short of analyst expectations. Finish Line lost $600,000 in the period ended May 30 compared to a profit of $868,000 a year earlier. Analysts surveyed by Thomson Financial anticipated Finish Line […]
Bally Fitness locations to close
Two local Bally Total Fitness locations will close today as part of the parent company’s reorganization under Chapter 11 bankruptcy. Gyms along U.S. 31 in Greenwood and behind…
Sale ends Man Alive rebranding attempt-WEB ONLY
The Finish Line has ended an unsuccessful attempt to rebrand and revitalize its struggling Man Alive stores by agreeing to part with the 75-store clothing chain. Indianapolis-based Finish Line today announced that it would pay $7 million to Man Alive Acquisition LLC, which is controlled by Brooklyn-based Jimmy Jazz, to take Man Alive assets and […]
GM bankruptcy is 4th-biggest in U.S. history-WEB ONLY
General Motors filed for Chapter 11 bankruptcy protection today as part of the Obama administration’s plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government.GM’s bankruptcy filing is the fourth-largest in U.S. history and the largest for an industrial company. The company said it has $172.81 […]
UPDATE: GM bankruptcy 4th-biggest in U.S. history-WEB ONLY
General Motors filed for Chapter 11 bankruptcy protection today as part of the Obama administration’s plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government. Normal 0 false false false MicrosoftInternetExplorer4 GM’s bankruptcy filing is the fourth-largest in U.S. history and the largest for an industrial […]
Guidebook beats smartphones in smackdown
Guidebook beats smartphones in smackdown Slow download speeds, small screens hinder phones Conde Nast Traveler magazine sent three reporters to Moscow, one armed with an iPhone, one with a BlackBerry Bold, and one with an old-fashioned guidebook, to see whether the gadgets or the book were more helpful in completing a series of typical tourist […]
BEHIND THE NEWS
BEHIND THE NEWS REITs get boost, not scorn, for selling cheap shares Here’s more evidence we’re in strange times: Indianapolis’ real estate investment trusts have been issuing hundreds of millions of dollars of stock at woefully low prices-and getting a pat on the back from their shareholders for doing so. It’s all part of the […]
REITs get boost, not scorn, for selling cheap shares
Here’s more evidence we’re in strange times: Indianapolis’ real estate investment trusts have been issuing hundreds of millions
of dollars of stock at woefully low prices—and getting a pat on the back from their shareholders for doing so.Indy Gen-X group to tout city to out-of-town recruits
IndyHub, the city’s young professionals network, will launch a new Web site, circlingthecity.com, to pique the interest of out-of-towners who are being recruited by local companies.
Simon foe General Growth files for bankruptcy-WEB ONLY
General Growth Properties Inc., the nation’s second-largest shopping mall operator, filed the biggest real estate bankruptcy in U.S. history early today after it failed to persuade a majority of its debt holders to give it more time to refinance $27 billion in debt. Indianapolis-based Simon Property Group is the only mall operator bigger than Chicago-based […]
Daniels strangely quiet as fiscal issues fester
The Indiana General Assembly session will end with a focus on what has dominated discussion since Organization Day back in November: fiscal issues.
Going Green Power Breakfast Transcript-WEB ONLY
Businesses have seized on environmental responsibility as a marketing mantra. But many have made their products, processes and facilities greener. Some are motivated by philosophical reasons, and others by rising energy bills and out of anticipation of federal regulations on carbon dioxide. Six experts in green issues shared their outlook during IBJ‘s Power Breakfast Feb. […]
PNC plans return to ‘old-fashioned’ lending standards
PNC CEO James Rohr, 60, recently sat down with IBJ to discuss the merger between PNC
Financial Services Group Inc. and National City Corp., as well as the recession and PNC’s strategy.PNC plans return to ‘old-fashioned’ lending standards-WEB ONLY
Pittsburgh-based PNC Financial Services Group Inc. acquired struggling National City Corp. on Dec. 31 for $5.6 billion. Before their merger, PNC had no presence here, while Cleveland-based National City had 172 Indiana branches, including 75 in the Indianapolis area. PNC CEO James Rohr, 60, recently sat down with IBJ to discuss the merger, the recession […]
SI responds to Danica tattoo flap
After this post, there will be a self-imposed moratorium on Danica Patrick-related news on The Score. Even I can see we’ve gotten a little carried away. But Sports Illustrated’s response to the Danica tattoo flap that surfaced two weeks ago…
Seasoned stock pros size up slump
Media pundits regularly call the current economic crisis the worst since the Great Depression. One of the few Indianapolis financial experts who’s actually qualified to make such a comparison is Donald C. “Danny” Danielson, the 89-year-old vice chairman of City Securities Corp.
Seasoned stock pros size up slump-WEB ONLY
Media pundits regularly call the current economic crisis the worst since the Great Depression. One of the few Indianapolis financial experts who’s actually qualified to make such a comparison is Donald C. “Danny” Danielson, the 89-year-old vice chairman of City Securities Corp. For Danielson, who still comes to work every business day, the Great Depression […]
Finish Line ready to test new store
Finish Line is rebranding its Man Alive stores as Decibel stores.
Finish Line ready to test new store-WEB ONLY
The Finish Line Inc. is preparing to unveil a new concept called Decibel that eventually could replace its struggling Man Alive franchise. The locally based retailer plans to rebrand four Man Alive stores, including one at Castleton Square Mall, for an April launch. It also will rework the product mix in four other stores that […]