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Rocky fourth-quarter sales and a bleak economic outlook have led outdoors retailer Cabela’s to put several planned superstores on hold, including one slated for Greenwood. The Nebraska-based company on Wednesday warned that its fourth-quarter earnings would fall short of expectations, thanks to a “challenging retail environment.” Cabela‘s forecast a same-store sales drop of 5.9 percent. The Greenwood store, planned […]

Houston will be bidding on the 2012 Super Bowl, the Texans said Wednesday. Reliant Stadium is the best venue in the league for the big game, the team said. Houston opened its new stadium, with a maximum seating capacity of just more than 72,000, in 2002. It hosted a Super Bowl in 2004. “In terms […]

Indianapolis-based shopping mall owner Simon Property Group’s fourth-quarter funds from operations increased 12.7 percent, to $507.7 million, the company said today, despite writing off a loss on an Arizona development. Funds from operations, which excludes depreciation and land sales, is a common measure of real estate investment trusts like Simon. Simon’s $1.76-per-share results surpassed the […]

The slowing economy has prompted Newmar Corp. in the northern Indiana town of Nappanee to announce that it will lay off 118 of its 905 workers, according to the South Bend Tribune. Newmar makes motorhomes and fifth wheel recreational vehicles. Other RV companies announcing layoffs recent in the Elkhart area include Travel Supreme and Monaco […]

Economic development leaders in Boone County hope to capitalize on Lebanon’s location mid-way between Indianapolis and Purdue University to attract biotechnology firms. Supporters are starting a committee to look into the possibility and a consultant is discussing the notion with universities, according to The Lebanon Reporter. The idea was sparked by engineers and doctors meeting […]

Indianapolis and Louisville are the sole finalists to host the National FFA convention from 2013 to 2019, according to the Louisville Courier-Journal. Eliminated from the competition are fellow front runners Minneapolis and Kansas City. Ten other cities had applied. The Louisville Convention & Visitors Bureau issued a statement about Louisville and Indianapolis yesterday. The National […]

The proposed $85.6 million acquisition of Cincinnati-based Peoples Community Bancorp Inc. by Integra Bank Corp. of Evansville has been terminated, the banks announced late yesterday. The parties agreed not to discuss the matter beyond saying that ending “the proposed transaction was in the best interests of each of their respective corporations and shareholders.” However, officials […]