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Steak n Shake Co. yesterday reported big increases in customer traffic and same-store sales for its fiscal third quarter,
which ended July 1. Customer traffic rose 13.4 percent and same-store sales jumped 5 percent in the quarter compared to the
same period a year ago, it said in a brief Securities and Exchange filing.
The upcoming print issue of IBJ will include a preview of the Indianapolis International Film Festival, including our guide to the Best of the Fest. When that hits the stands, you’ll also find a rundown of Recommends, If You…
Drugmakers Eli Lilly and Co., Amylin Pharmaceuticals Inc. and Alkermes Inc. said yesterday that the U.S. Food and Drug Administration has accepted their application for the once-a-week diabetes drug exenatide. Exenatide is the primary ingredient of Byetta, a treatment for type 2 diabetes. While Byetta is injected twice a day, the newer drug is intended […]
Two Indianapolis benefits consulting firms have finalized their merger, the companies announced this morning. Terms of the
deal between Benefit Associates Inc. and Benefit Consultants Inc., in the works since March, were not disclosed.
HHGregg Inc. said this morning that the bankruptcy of competitor Circuit City should enable the company to open more stores within the next few years than previously expected. The Indianapolis-based electronics and appliances retailer now plans to open between 20 and 22 stores in fiscal 2010, which began March 31, up from previous estimates of […]
The Indiana Bureau of Motor Vehicles says it will announce new security initiatives for driver’s licenses, permits and ID cards. Commissioner Andy Miller will announce the measures during a news conference this morning at the Indiana Government Center in downtown Indianapolis. The announcement comes about a month after BMV officials announced the arrest of a […]
Two Indianapolis benefits consulting firms have finalized their merger, the companies announced this morning.Benefit Associates Inc. and Benefit Consultants Inc. revealed their plans to merge in March. Terms of the deal were not disclosed.The two companies have not selected a common name, and will continue to operate under both names “for the next few months,” […]
Health care reform is making for odd bedfellows. The pharmaceutical industry – which for two decades has given twice as much in campaign donations to Republicans as Democrats – organized a panel composed mostly of Democrats on Tuesday in Indianapolis to argue its position on health care reform. Former Democratic House Majority Leader Richard Gephardt […]
Steak n Shake Co. yesterday reported big increases in customer traffic and same-store sales for its fiscal third quarter, which ended July 1. Customer traffic rose 13.4 percent and same-store sales jumped 5 percent in the quarter compared to the same period a year ago, it said. The Indianapolis-based burger chain reported the figures in […]
Nestle USA plans to ask Anderson’s City Council for a tax break on equipment for its expanded plant that it says will lead to the hiring of nearly 99 people. Nestle is scheduled to make the request tomorrow for a 10-year tax abatement on new equipment valued at $200 million. The break is worth about […]
Indiana says it will use a new law and improved services to better protect residents from identity theft. A new state law creates the crime of synthetic identity theft to specify that combining parts of the identities of into a hybrid, fictional person in order to commit fraud is a felony punishable by six months […]
Resigned to inevitable government curbs on their carbon dioxide emissions, about
all Indiana utilities could do was say which poison they’d prefer to swallow. They’re closer to
getting their favorite poison, with the U.S. House passage June 26 of a bill that would create a market
for trading carbon dioxide permits.
Investors are sending stocks lower as another tumble in oil prices undermines the case for an economic recovery. Major stock market indexes skidded about 2 percent today as crude dropped for the fifth straight day, the latest indicator that investors think demand for energy and basic materials will remain soft. The Dow Jones industrial average […]
Led by Baker & Daniels LLP, Indianapolis’ three largest law firms are recognized in the July issue of The American
Lawyer magazine for their pro bono work.
The recession is winding down in Indiana, but the state will lag a few months behind the nation when the
economy starts to pick up steam.
Thatâ??s how an Economy.com specialist who tracks Indiana sees it.
Sean Maher, who also focuses on…
Radio executive Tom Severino, who managed four local stations for Indianapolis-based Emmis Communications Corp., died yesterday
after a five-month battle with cancer. Severino, 57, was vice president and general manager of WIBC-FM 93.1, WLHK-FM 97.1,
WFNI-AM 1070 and WYXB-FM 105.7.
Indiana and Indianapolis arts agencies will receive more than a half-million dollars in federal stimulus money to help save
jobs at local organizations, the National Endowment for the Arts announced today. A second round of American Recovery and
Reinvestment Act funding includes $250,000 for the Arts Council of Indianapolis.
The Indiana Department of Correction expects to gain more than 2,000 beds for inmates by shifting prison programs and inmates to different locations. Female youth offenders will move from Indianapolis to Madison in southeastern Indiana. Adult females in the Indiana Women’s Prison near downtown Indianapolis will be moved to the former juvenile facility. And the […]
A local developer is planning a retail strip center along Madison Avenue just south of downtown in a neighborhood that’s been
begging for investment for years. The plans by Keystone Construction Corp. call for a 25,000-square-foot retail
center at 1400 Madison Ave., across from Sisters’ Place Restaurant.
Indiana’s privately run welfare project has so many problems that the state could start taking steps to cancel its $1.16 billion contract with IBM as early as this fall, a state official said today. Secretary Anne Murphy of the Indiana Family and Social Services Administration said she asked lead vendor IBM Corp. to submit a […]
