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Powerful business group validates the Cummins way

August 30, 2019 | Greg Andrews

Score one for J. Irwin Miller, who during his quarter century atop Cummins Inc. championed corporate social responsibility—a stance that put him at odds with economist Milton Friedman, the 20th century’s most prominent advocate of free markets.

David Simon’s contract expired. Will he stick around?

August 23, 2019

The last time Indianapolis-based Simon Property Group Inc. negotiated an employment contract with CEO David Simon, it was an ordeal.

Spas seeing more men, using less-is-more approach

August 12, 2019 | Associated Press

Spa visits and the money they generate reached record highs last year in the U.S. with $18.3 billion in revenue driven by 190 million pampering trips, according to the International Spa Association.

GREG MORRIS: Newspapers struggle, but IBJ on solid ground

August 9, 2019 | Greg Morris

Local ownership, unique content have helped us overcome the headwinds that have damaged the daily newspaper industry.

What Sardar Biglari needs to fix to save Steak n Shake

August 9, 2019 | Greg Andrews

The hedge fund manager, who gained control of the Indianapolis-based chain a decade ago, is facing challenges on many fronts—from declining customer traffic to a looming loan maturity.

After years of pruning, Emmis ready for reinvention

July 19, 2019 | Greg Andrews

CEO Jeff Smulyan says he still loves radio, but the 72-year-old pines to own businesses that have real growth potential, rather than fighting over nickels and dimes in a stagnant industry.

What’s next for Simon Property Group’s sagging stock price?

June 27, 2019

The company’s shares—like those of many in retail real estate—are out of favor, as investors wring their hands over retail bankruptcies and the long-term impact of e-commerce.

Indy credit union pays a price to put ITT nightmare to rest

June 5, 2019

Elements Financial, formerly the Eli Lilly Federal Credit Union, is among seven credit unions that collectively agreed to pay $7.5 million to settle a lawsuit brought by ITT Educational Services' bankruptcy trustee.

CNO stuck in nightmare over alleged hedge fund fraud

May 22, 2019

CNO is mired in lawsuits related to the hedge fund's collapse—both as a plaintiff and as a defendant—that likely will take years more to play out.

A hard-to-digest reality: Steak n Shake might not make it

May 9, 2019

The outlook is that bad for Steak n Shake, which in the first quarter racked up an $18.9 million operating loss. That’s on top of a $10.7 million loss for all of 2018.

IBJ wins 11 awards—including six first places—in Indiana journalism contest

April 27, 2019

Reporter John Russell won four awards, while the newspaper’s art team swept the Page 1 design category, at the Best in Indiana competition hosted by the Indiana Professional Chapter of the Society of Professional Journalists.

Lilly creates public downtown park on edge of its headquarters campus

April 25, 2019

The city’s newest park is springing up on the south side of downtown, a district quickly filling up with apartments, offices and retail—and a noticeable shortage of public green space.

Award-winning artist Gary Varvel to create cartoons for IBJ

April 12, 2019

Varvel will contribute a cartoon twice a month to IBJ’s op-ed pages. He joins Shane Johnson, who has been an IBJ editorial cartoonist for seven years and will continue as a regular cartoonist for the publication.

Battered software firm was unrelenting in quest to find buyer

April 10, 2019

Software maker Determine Inc.'s investment bankers contacted dozens of prospective suitors as the company racked up millions of dollars in losses and burned through cash.

Biglari says Steak n Shake turnaround to start with speedy service

March 7, 2019

What's wrong with Steak n Shake? Sardar Biglari says a key problem is a failure to upgrade kitchen equipment and design, leaving the chain with “high-cost, labor intensive, slow service.”

Pete the Planner coming to IBJ

March 7, 2019

IBJ has added comedian-turned-money-man Peter Dunn’s Pete the Planner column to its roster, starting March 15, when it will appear in the paper’s print edition and at IBJ.com.

$50M HHGregg suit attacks insiders for accepting customer deposits to very end

February 28, 2019 | Greg Andrews

The suit charges that accepting the deposits at a time HHGregg’s tailspin cast doubt on its ability to provide the merchandise saddled the company “with tens of millions of dollars in unwarranted and unnecessary liabilities and recklessly caused the permanent destruction of the company’s value as a going concern.”

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