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Indianapolis-based athletic shoe and clothing retailer The Finish Line Inc. said yesterday that a “material adverse effect” has taken place regarding its acquisition of Genesco Inc.-putting the $1.5 billion deal in jeopardy. Yesterday’s filing with the U.S. Securities and Exchange Commission followed an amended complaint in Genesco’s September lawsuit seeking to force Finish Line to […]

Grim results in Steak n Shake Co.’s fiscal fourth quarter prompted a sell-off of its stock this morning. Shares in the Indianapolis-based restaurant chain dropped nearly 14 percent before staging a small comeback to trade near $11.65-still 9 percent below yesterday’s close. After the market closed yesterday, the company reported that same-store sales fell 3.9 […]

Subaru of Indiana Automotive Inc. is a step closer to getting tax abatements on $105 million in proposed investments in its Lafayette plant. The city’s redevelopment commission unanimously approved the incentives last night, but they still must be OK’d by the Lafayette City Council. It was not immediately known how much money the incentive package […]

BP America Inc. in the next two years plans to sell the roughly 700 convenience stores it owns and operates, potentially displacing nearly 10,000 workers, the Houston-based unit of BP PLC of London said today. The vast majority of BP’s 13,000 U.S. convenience stores are independently owned. There are 75 BP convenience stores within 50 […]

Selective Insurance Co. of America, a property and casualty insurer headquartered in Branchville, N.J., will open a Midwest regional office at 11711 N. Meridian St. in Carmel. The office will employ 40, Indiana Economic Development Corp. said today. The company received no state incentives. Specializing in commercial, personal, bond and flood coverage, Selective Insurance is […]

Berkshire Hathaway Inc. has boosted its stake in Indianapolis-based WellPoint Inc. by 7.1 percent, according to Bloomberg. A regulatory filing yesterday showed Berkshire, which is owned by billionaire investor Warren Buffett, now holds 4.5 million shares-still less than 1 percent of the health insurer. Buffett has been accumulating the stock for months. In the second […]

Two weeks ago, the NAACP backed existing and former black employees of Indianapolis-based Eli Lilly and Co. in a lawsuit that claims they were treated unfairly. Today, the National Urban League bestowed its Corporate Leadership Award on the pharmaceutical maker for working with the Urban League-also a civil rights group-to sponsor a program that encourages […]

Hillenbrand Industries Inc. reported today that profit in its fiscal fourth quarter fell on an adjusted basis to 82 cents per share from $1.12 per share a year earlier. The setback in the period ended Sept. 30 resulted from troubles in its Acute Care and Batesville Casket businesses in North America as well as investments […]

Aearo Technologies Inc., the Indianapolis company that makes goggles, earplugs and other personal safety equipment, has agreed to be acquired by 3M for $1.2 billion, the companies announced this morning. St. Paul, Minn.-based 3M plans to use Aearo to expand its own health and environmental-safety product lines. Aearo brands include E-A-R, Peltor, AOSafety and SafeWaze. […]

Drug prescription giant CVS Caremark Corp. has leased 162,000 square feet of warehouse space in Hancock County at Mount Comfort Commercial Park, according to Colliers Turley Martin Tucker, which helped broker the lease with KTR Capital Partners, a New York private equity firm. The deal, valued at more than $3 million, consolidates several locations and […]

The Milwaukee bank that announced in July that it would acquire First Indiana Bank plans to close First Indiana’s longtime operations center at 1253 N. Emerson Ave. in Greenwood by Jan. 2, according to a filing with the state. Marshall & Ilsley will lay off 121 workers in conjunction with the closure, the filing said. First […]