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Going out of business

Several stores are calling it quits at local malls. The highest profile is the Macy’s at Washington Square. Other closings include Gap stores, a Limited Too and The Walking Co. Have…

Immigrant backlash could reach Statehouse

Indiana might be one of the next states to consider legislation that places the burden of screening illegal immigrants on business. At least one such bill is likely to be introduced in the General Assembly, said George Raymond, an Indiana Chamber of Commerce lobbyist specializing in labor relations. “It stands a fairly good chance,” Raymond […]

IBJ Night at the Movies

Want to join us at an advance screening of one of the most critically acclaimed movies of the year?

I’ll get to how in a second.

First, I wanted to ask if critics—of books, art, concerts, whatever—have influenced where you’ve decided to…

Indiana could see more oil drilling

Soaring oil prices and unrest in the Middle East and other regions where oil is plentiful may help the drilling industry in Indiana, Illinois and Kentucky, according to the Evansville Courier & Press. Drilling in the three states may have increased 20 percent in the past few years, Chris Mitchell, president of Illinois-based George N. […]

Cabela’s to add competition to outdoor retailing

Two outdoor retailers south of Indianapolis say they won’t operate differently after the Cabela’s mega store opens near Interstate 65 this year. The Outdoorsman Sport Shop is banking on continued service and customer loyalty to weather the new round of competition, according to the Daily Journal of Franklin. Cabela’s workers won’t be as knowledgeable as […]

ChaCha rolls out search service for cell phones

Human-assisted Internet search engine ChaCha today is launching a service allowing users to make inquiries via text messages on their mobile phones. “Whether you’re walking through the mall or driving down the highway, you can very quickly get answers through ChaCha,” said ChaCha CEO Scott Jones. To attract interest, Carmel-based ChaCha will offer the service […]

Yats, Aldi and another steakhouse

Montana Mike’s, a Kansas-based steakhouse chain, hopes to claim Indianapolis as a lucrative new market. The chain wants to open in Greenwood first, said Madison Jobs, Montana Mike’s vice president of franchise…

Radio station unveils new format

Cumulus Indianapolis ended more than a month of mystery this morning, unveiling a new format for its WWFT-FM 93.9. Dubbed “Warm 93.9,” the radio station rolled out the soft-rock format at 9:39 a.m.; it had been playing Christmas music since November and spun techno tunes in the past week. Its first song this morning: “Every […]

Lafayette Square sale closes

A New York company has closed on its acquisition of Lafayette Square Mall and hired a management company to run the property. The new owner, Ashkenazy Acquisition Corp., plans to keep the 1.2 million-square-foot property as a regional mall and focus on filling vacant anchor spaces, since most of the smaller spaces are full, said […]

Troubled mall owner goes up for sale

A giant Australian shopping mall company with four Indianapolis properties has put itself up for sale after a buying spree of U.S. malls drove it into financial problems. Centro Properties Group said today it is “evaluating options” to secure its financial viability. The company has a deadline of Feb. 15 to refinance $3.4 billion in […]

Bingham McHale absorbs McTurnan & Turner

The Indianapolis law firm of Bingham McHale has merged with McTurnan & Turner, which specializes in litigation. Both are downtown in Market Tower. Ten attorneys and seven support staff from McTurnan & Turner will join Bingham McHale, the firms announced today. A Bingham McHale spokesman said the merger will add business litigation prowess to an […]

Lilly to cooperate with British investigation

Eli Lilly and Co. will hand over documents to a United Kingdom agency that is investigating whether it and two other drugmakers bribed the administration of former Iraqi dictator Saddam Hussein. The U.K.’s Serious Fraud Office has requested documents from locally based Lilly as well as from U.K.-based GlaxoSmithKline and AstraZeneca, according to a Bloomberg […]

Indy arts: The Ballard years

“…  Frankly, if it comes down to another piece of art or another cop on the street, that’s not a close call.”
So said Greg Ballard in a post-election interview with IBJ.

With Ballard now officially on the job as mayor of…

A&E: Lingering effects: The year’s best A&E

When I came on board as IBJ’s arts and entertainment editor back in May, I had no idea to what degree critical coverage of Indianapolis’ cultural offerings would be embraced by the publication and its readers. Well, I’m happy to report that the response has been terrific. And so, shortly after this weekly A&E column of reviews began appearing in IBJ, we launched a Thursday e-mail blast of previews and ticket giveaways (sign up for free at www.ibj.com/enews). That, too,…

Residential real estate market follows nation into slump

For most of this decade, the Indianapolis residential real estate market enjoyed a good run. But in 2007 it muddled through
the doldrums just like the rest of the country, and builders pulled out all the stops to avoid getting stuck with inventory.

For city politics, back to the future: GOP returns without guarantees

The Republican party dominated city government here in the 1970s, ’80s and ’90s, and for much of that time it was assumed that the party’s lock on city hall was tamper-proof. Voters proved that theory wrong in 1999. Whether it was changing demographics or the fatigue that sets in when one party rules for too long, the public turned the mayor’s office over to Democrat Bart Peterson. Four years later, Peterson easily won re-election and the Democrats won the City-County…

Event planners revive venues: Oasis finds new use for eatery, spruces up Murat

When John Stowers was looking to move on from his job managing several nightclubs for an Indianapolisbased partnership in 2002, he and his wife, Patti, wanted to buy a bar he could run. In the process of venue shopping, they stumbled across a space for lease-The Terrace at Market Tower, a restaurant on the second floor of the office building at 10 W. Market St. Like other so-called amenity restaurants, The Terrace was more a perk for building tenants than…