SKARBECK: Investors finally realizing hedge funds are shaky bet
When you consider that hedge-fund fees are often spread around among a host of “placement agents, you begin to understand why the hedge-fund industry has grown to near $3 trillion.
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Dick’s ending sales of assault-style rifles in stores
Dick's Sporting Goods, a major U.S. retailer with eight stores in the Indianapolis area, said it will immediately halt sales of assault-style rifles and high-capacity magazines at all stores and ban the sale of all guns to anyone under 21.
Pizza Hut replaces Papa John’s as NFL’s pizza sponsor
The NFL announced a multiyear marketing deal with Pizza Hut on Wednesday, one day after the league and Papa John’s said that they mutually agreed to cut ties.
KAR Auction’s proposed spinoff to be headquartered in Illinois
The Carmel-based company plans to separate its Insurance Auto Auctions salvage auction business unit within the next year to create a separate publicly traded company.
Council calls special meeting to address spending $14.5M for road repair
A proposal, which will be voted on in committee Thursday with the intention of sending it to the full council on March 12, calls for spending $13 million remaining in the city’s rainy day.
Political Action Committee formed to back IPS tax-hike referendums
Local business and community leaders have formed a political action committee, named “Vote Yes for IPS,” to support the upcoming May 8 primary referendums.
City contingent collects intel on hosting NBA All-Star Game
Pacers officials, along with the host committee, traveled to Los Angeles last week to watch the game and to learn about staging the festivities in preparation for the event’s return to Indianapolis in 2021.
Fourth-quarter economic growth revised down slightly
For the year, GDP rose 2.3 percent, a significant pick-up from 1.5 percent in 2016, which had been the slowest annual growth rate since the economy contracted in the recession year of 2009.
Playing basketball tourney on East Coast presents big challenge for Big Ten, again
After experiencing tepid interest last year in Washington, D.C., the conference takes its show to the Big Apple, where pundits expect another bleak turnout from fans.
Playing basketball tourney on East Coast presents big challenge for Big Ten, again
After experiencing tepid interest last year in Washington, D.C., the conference takes its show to the Big Apple, where pundits expect another bleak turnout from fans.
KAR to spin off Insurance Auto Auctions unit, creating separate public firm
Carmel-based KAR Auction Services Inc. on Tuesday afternoon said it plans to spin off its Insurance Auto Auctions salvage auction business unit within the next year. The unit accounted for 34 percent of KAR’s revenue last year.
Chicken reaches Americans’ tables at cheapest prices in decade
The average retail price for chicken breast fell in January to its lowest level since the Bureau of Labor Statistics began collecting the data in 2006.
Starbucks says empty storefronts are leading to lower rents
Starbucks Corp. Chairman Howard Schultz said he sees a blessing in all the retail vacancies across the United States—landlords are beginning to reduce rents.
Papa John’s to end NFL deal as new CEO confronts sluggish sales
The NFL partnership has been strained since Papa John’s founder John Schnatter slammed the league in November, saying that declining ratings had hurt sales. He also said that Commissioner Roger Goodell mishandled the national anthem controversy.
Holcomb to sign Sunday alcohol sales bill Wednesday
The bill will take effect immediately after it’s signed, which means Sunday alcohol sales will be allowed beginning this weekend at liquor stores, pharmacies, convenience stores and big box retailers.
No professional licenses for Indiana ‘Dreamers’ without bill
Young immigrants commonly referred to as "Dreamers" will be shut out of jobs in Indiana unless emergency legislation is approved to override a new practice adopted by the state’s professional licensing agency
Insurance giant GEICO adding 1,400 jobs at Carmel offices
The Chevy Chase, Maryland-based insurer said it will nearly double the size of its offices at 101 W. 103rd St. with the addition of 104,000 square feet.
Committee chairman kills divisive payday lending bill
The bill called for the creation of a new type of payday loan that would have allowed for annual percentage rates of up to 222 percent.