Sears files for Chapter 11 bankruptcy amid plunging sales, massive debt
Given Sears’ sheer size, the bankruptcy filing will have wide ripple effects on everything from already ailing landlords to its tens of thousands of workers.
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IBJ Podcast: Developing a downtown neighborhood from scratch
Ambrose President Aasif Bade is mum about Amazon but explain the new name for the project, when site preparation could begin and why the riverfront is so important to the project.
Charity gaming laws might face changes in legislature
Rules that prevent organizations from providing even small compensation to the volunteers running their charitable games make it hard for these all-volunteer groups to stay in business.
Former Congresswoman Mary Bono hired as USA Gymnastics’ interim CEO
Bono has a background in the sport and spent 15 years as a U.S. Representative from Southern California.
Biden, Pence rally Indiana voters in fierce Senate race
Former Vice President Joe Biden headlined an event for Sen. Joe Donnelly in Hammond on Friday night, while current Vice President Mike Pence supported Republican challenger Mike Braun in Indianapolis.
Purdue awards Daniels $210K in bonuses, bringing total pay to $830K
The total figure represents an 8 percent increase over the university president’s pay in 2017. It includes a $200,000 retention bonus.
Downtown steakhouse closes after parent company’s bankruptcy
Downtown’s jam-packed steakhouse scene has become a little less crowded after the closure of an upscale player that debuted in Indianapolis in 2017.
Purdue signs contract extension with basketball coach Painter
In 13 seasons at Purdue, Matt Painter, 48, has compiled a 295-149 record with 10 NCAA Tournament appearances, two Big Ten Conference championships and a Big Ten Tournament title.
Celadon investors agree to settle class-action suit for $5.5M
The settlement, which is awaiting court approval, would resolve suits brought by several parties over financial-reporting issues that have plagued Celadon for at least four years. The plaintiffs expressed concern that the company would go bankrupt before any recovery could be made.
Rethink 65/70 coalition not fully satisfied with state’s latest rebuild plan
The group says the revised plan for the north-split interchange falls short on increasing connectivity between neighborhoods separated by the interstates, and boosting economic development opportunities.
Citizens floats 27 percent hike in sewer rates, 2 years after previous increase
State regulators approved a 30 percent increase from Citizens in 2016. The utility now says it needs to raise rates to continue funding its massive DigIndy tunnel system project.
Retailers up their game to fill void left by Toys ‘R’ Us closures
Retailers including Walmart, Target and Party City are trying to grab a piece of the nearly $3 billion left on the table by Toys “R” Us, or 12 percent of the U.S. toy market.
Carmel teams with Steinbach on new attraction for German holiday market
Carmel Christkindlmarkt organizers say the 33-foot-tall, lighted “pyramid” will be the largest of its kind in America. It is expected to be a popular feature at the upcoming Carmel Christkindlmarkt.
ANGI Homeservices buying Handy in effort to dominate home renovations
ANGI Homeservices Inc. has agreed to acquire Handy Technologies Inc., a New York-based startup offering on-demand access to cleaning maids or handymen for small tasks at a fixed price.
Indiana hate crimes law study committee makes no recommendation
A committee assigned to study hate crimes legislation decided this week to punt further discussions to the Indiana General Assembly, making no specific recommendation for the 2019 legislative session.
Big Ten’s Delany: ‘Storm clouds’ hang over college sports
Big Ten Commissioner Jim Delany said Thursday the college basketball recruiting scandal is displaying what many see as the sleazy side of the sport.
U.S. attorney: 15 charged as part of public corruption initative
Treasurers for several school districts and fire departments are among 15 public employees around Indiana who have been charged with public corruption for allegedly stealing more than $1 million in government funds, authorities said Thursday.
Indianapolis Archdiocese lists 23 credibly accused priests
The Catholic Archdiocese of Indianapolis on Thursday released the names of 23 priests who have been credibly accused of sexual abuse of a minor or a young adult dating to the 1940s.
Debating usually won’t help incumbents, experts say
Debate season kicked off this week for the U.S. Senate candidates, but candidates for other federal offices this year are shying away from publicly sparring with their opponents.
BioCrossroads forms $9M seed fund for life science startups
The Indiana Seed Fund III is an early-stage fund focused on developing startups in life sciences, health IT and agricultural biosciences.