Guitar Center declares bankruptcy, seeks to restructure
Guitar Center, based Westlake Village, California, has about 300 stores across the United States, including two in the Indianapolis area. It also has local warehouse operations.
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Meat-smoking firm Smoking Goose plans $625,000 investment to fund national expansion
The nine-year-old Indianapolis company, which already employs more than 50 workers, said it plans to add up to 25 more by the end of 2024.
Marion County parents question school closures, urge county to reconsider
A coalition of parents is pushing back on Marion County’s recent public health order that will close schools to in-person instruction for about eight weeks, especially when bars and restaurants are allowed to remain open.
Consumers maintain insatiable demand for disinfecting products
Clorox Co. has added 10 additional third-party manufacturers and is running its own facilities 24 hours a day to make disinfecting wipes as fast as possible. But it’s not fast enough.
Attorney General Hill ordered to pay $19K in disciplinary costs
The amount is about one-third of the roughly $57,000 the Indiana Supreme Court Disciplinary Commission had asked the court in September to order Curtis Hill pay toward expenses in the case.
President Trump directs his team to cooperate on Biden transition
Still, the Republican president vowed to keep up the fight, saying his case “strongly” continues.
Retail trade group foresees solid holiday sales despite pandemic
The National Retail Federation, the nation’s largest retail trade group, expects holiday sales to actually exceed growth seen in prior seasons, even amid all the uncertainty surrounding the pandemic.
Biden expected to tap ex-Fed chair Yellen to lead treasury
Former Federal Reserve Chair Janet Yellen would be the first woman to lead the Treasury Department in a line stretching back to Alexander Hamilton in 1789.
Amid pandemic, Ascension St. Vincent parent shows dramatic swing from red ink to black
Despite the change in fortunes, Ascension signaled that it is not yet out of the woods, noting that “consumer confidence and healthcare hesitation as a result of COVID-19 continue to affect Ascension markets, to varying degrees.”
Hamilton County to enact color-coded pandemic limitations this week
The Hamilton County Health Department on Monday issued a pandemic-related public health order that in some cases goes beyond the most recent statewide restrictions.
Employers start sending workers shopping for health coverage
The new approach started with coverage plans for this year. More workers will likely see them offered this fall during their company’s annual sign-up window for 2021 coverage.
North-side mainstay Moe & Johnny’s closes as owners go back to drawing board
The sports bar and restaurant discontinued dine-in service on Oct. 30 because of the rise in COVID-19 cases. It announced Sunday that it had decided to close “until further notice.”
Indiana reaches another high in COVID-19 hospitalizations
Indiana on Monday issued its weekly COVID-19 data for schools. The state said more than 1,755 schools have reported one or more cases, 220 schools have reported zero cases and 391 schools have provided no data.
Buckingham withdraws plans for $70M project along Indiana Avenue
A formal withdrawal of project plans was filed Friday, Nov. 20 with the city of Indianapolis, although no reason was offered.
Carmel-based software firm to spend $12M on expansion
Fast-growing software and consulting company enVista LLC announced Friday that plans to pump millions of dollars into developing and improving supply-chain technology products and services to boost growth.
Third major COVID-19 vaccine shown to be effective, cheaper
AstraZeneca is the third major drug company to report late-stage results for a potential COVID-19 vaccine as the world anxiously waits for scientific breakthroughs that will bring an end to a pandemic.
Colts acquire 9 acres of parking properties south of Lucas Oil Stadium
The Indianapolis Colts spent at least $6.3 million to acquire the lots, most of which are vacant and have been used for game parking by third-party vendors since Lucas Oil Stadium opened in 2008.
IBJ Podcast: Can Indy pull off hosting the entire NCAA tourney?
Host Mason King talks with IBJ reporter Mickey Shuey, who has been covering the story, as well as Mark Ganis, co-founder of Chicago-based Sportscorp. Ltd., and Larry DeGaris, a University of Indianapolis professor and sports marketing consultant, about a proposal to have the city host all of the NCAA tournament games.
Retailers brace as virus bears down on consumers, economy
The acceleration of coronavirus cases is causing an existential crisis for America’s retailers and spooking their customers just as the critically important holiday shopping season nears.
Business owners upbeat about vaccine, wary as virus spreads
Promising news about a coronavirus vaccine has small business owners feeling more upbeat. They also realize many hurdles remain as the pandemic shows no signs of abating heading into the winter.