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The Finish Line Inc.’s $1.5 billion agreement to buy Genesco Inc. gives the Indianapolis-based retailer the right to back out if the Tennessee company’s business suffers a “material adverse” change. The Indianapolis company appears poised to seize on the language. In a press release late this morning, it said it was “disappointed” with the $4.2 […]

The new SMC Corp. of America facility in Noblesville will encompass 825,000 square feet, more than three times the space that the maker of pneumatic automation equipment occupies now at 3011 N. Franklin Road on the east side of Indianapolis. Mike Jones, who directs national distribution for the company, said today that all details of […]

A distribution center operated by Next Day Gourmet at 1740 Stout Field Drive near Indianapolis International Airport is being closed, and the work sent to other warehouses, the company said today. Next Day Gourmet, which distributed restaurant equipment and supplies from the location, is owned by U.S. Food Service Inc. of Columbia, Md.

The Finish Line Inc. late this morning cast doubt on whether it will move forward with its $1.5 billion acquisition of Genesco Inc. after the Tennessee company reported a steep second-quarter loss. In a written statement, Finish Line said it is “disappointed” with Genesco’s $4.2 million loss. “Consistent with its responsibilities to The Finish Line’s […]

The Brown County Convention and Visitors Bureau is without a permanent leader after its longtime president and CEO resigned amid a budgeting conflict. Teresa Anderson quit Aug. 24 after the county Tourism Commission ordered the CVB to cut its personnel expenses, as well as split part of the Innkeepers Tax income with other organizations promoting […]

SMC Corp. of America, which makes pneumatic automation equipment for a variety of industries, plans to announce tomorrow that it will move its North American headquarters to Noblesville and add 275 jobs, according to a source familiar with the announcement. The company’s North American headquarters is currently on the eastside at 3011 N. Franklin Road. […]

New York-based Insight Communications reportedly signed a deal with the Big Ten Network today-the day before the network is set to launch, Street & Smith’s Sports Business Journal and other outlets are reporting. Insight, which has 1.4 million customers in Indiana, Illinois, Kentucky and Ohio, has agreed to carry the Big Ten Network on its […]

Stock in Elkhart-based Coachmen Industries Inc. is sliding as the subprime mortgage implosion erodes opportunities for the Elkhart company to make money selling the houses it manufactures. Coachmen shares are trading at $6.86, down from $9.58 as recently as July 19 and $12.90 last October. On Aug. 27, Coachmen suspended its quarterly dividend of 3 […]

The average sale price of houses in the 13-county metro area fell 3 percent in July from the same month last year-to $163,612, the Metropolitan Indianapolis Board of Realtors said today. The number of sales slid 6.7 percent, to 2,765. Pending sales-signed but not closed-fell 5 percent. Inventories held steady at 22,270, a sign that […]

A group tied to the United Auto Workers union is calling on Toyota Motor Corp. to rehire two workers it says were fired from the Japanese automaker’s Georgetown, Ky., assembly plant for trying to organize a union. Kentucky Jobs With Justice also said Toyota should improve safety and treatment of temporary workers at the plant, […]

A 5-foot wall of water pouring through a broken levee would have wreaked havoc on the nearly completed Cabela’s store in Hammond had a newly built berm not stopped it, according to the Post-Tribune of Merrillville. Also saved from the floodwaters were more than 1,000 homes. Nebraska-based Cabela’s was within six weeks of opening the […]