Fashion retailer with seven area stores calling it quits
After trying to find a new owner, Ascena Retail Group announced Monday that it is preparing to close its Dressbarn clothing chain, which has about 650 stores throughout the country.
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Prime site near Keystone, 96th Street interchange hits market for nearly $10M
The 18.1-acre parcel is one of the few remaining undeveloped sites of significant size on Indianapolis’ northern edge. Although it’s bordered by homes, local brokers foresee commercial development.
Lilly’s promising drug for breast cancer runs into problems in Japan
The Indianapolis-based drugmaker has updated the label on Verzenio with a new warning after Japanese health officials said the drug is suspected of adversely affecting patients’ lungs.
IMOCA changes name, refines mission without home base
More than two years after vacating its base of operations in Fountain Square, the city’s museum dedicated to contemporary art has formalized its metamorphosis into a more nomadic organization.
Kite, Milhaus planning 7-building apartment complex next to Glendale
Indianapolis-based mall owner Kite Realty Group Trust this month filed a request with the Marion County Board of Zoning Appeals to change zoning for some of the parking lots just east of the shopping center.
IPS superintendent opening gets 11 applications
The Indianapolis Public Schools board this week will begin meeting in executive session to review applications, identify finalists, and determine next steps.
Engineering firm to invest $1 million, add up to 135 Bartholomew County jobs
LHP Engineering Solutions, a minority-owned firm launched in 2001, targets the automotive, aerospace and medical industries.
China’s ban on scrap imports a boon to U.S. recycling plants
U.S. paper mills are expanding capacity to take advantage of a glut of cheap scrap. Some facilities that previously exported plastic or metal to China have retooled so they can process it themselves.
China’s technology tactics irk its trading partners
Europe, Japan and other trading partners object to President Trump’s trade tactics but echo American complaints. They say China’s practices violate its market-opening commitments under the World Trade Organization.
McLaren knocked out of Indy 500 on final run of qualifications
Kyle Kaiser, 23, in a dramatic last-gasp bid by tiny Juncos Racing, knocked Fernando Alonso off the bubble and ruined the day for McLaren, which was trying to make a comeback to the Indy 500 for the first time since the 1970s.
IBJ Podcast: Oliver Winery makes big business of sweet wines (but that’s not all)
CEO Bill Oliver, the son of the founder, talks with host Mason King about the Bloomington winery’s beginnings and its future and explains how its distribution has grown to 27 states.
Owners split on guaranteeing spots in Indy 500
Some racing team owners firmly on the side of tradition, believing that 33 drivers should qualify for the Indy 500 based on pure speed. Others say too much is at stake to eliminate those who are committed to the entire IndyCar season.
Indiana jobless rate remains steady at 3.6%
Private sector employment in Indiana fell by 3,600 in April over the previous month, but is up more than 36,700 over the last year, the state said.
Indy towing operator charged with defrauding car owners in massive scheme
A federal grand jury indicted Brian Fenner of Indianapolis, and a partner, Dennis Birkey of Wisconsin, in an alleged scheme to fraudulently take title to other people's cars and then sell them for their own profit.
Trump delays imposing tariffs on auto imports, parts
The White House said Friday that President Trump is delaying for six months any decision to slap import taxes on foreign cars, a move that would hit Europe and Japan especially hard.
Chicago developer to buy 57-acre Plainfield property near airport
The Indianapolis Airport Authority, which owns the property, agreed to sell the land for $6.67 million to a real estate developer that owns several other properties in the area.
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