LOPRESTI: Epic dry spells for some of the biggest names in sports
Impatient with your favorite team? If misery loves company, this is for you.
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Symphony denies wrongdoing by conductor Urbanski, leadership
The Indianapolis Symphony Orchestra is defending its conductor and leaders, describing claims of age discrimination and harassment made by a tenured musician as “outlandish” and “baseless.”
Lilly migraine drug provides relief in late-stage trials
Lilly is in a race with several pharmaceutical firms to develop migraine treatments using an approach known as anti-CGRP and that could create a multibillion-dollar market.
Marsh likely will need federal bailout for $76M pension shortfall
A federal agency likely will step in and pick up the unfunded-pension tab once Marsh Supermarkets exits Chapter 11 bankruptcy. That's not an unusual situation for companies that have been owned by private equity firm Sun Capital Partners.
U.S. retail sales rebound after sluggish winter, but not at all stores
Americans stepped up their spending at auto dealers, hardware stores and e-commerce outlets as retail sales rebounded in April. Sales fell, however, in general merchandise stores.
Developer to spend up to $10M to renovate Westfield multiplex
Washington Prime Group Inc. plans to remodel and add retail spaces to the Regal Cinemas theater near the northeast corner of Greyhound Pass and 146th Street.
Marsh bankruptcy documents show Sun Capital no longer in control
Sun Capital Partners has relinquished controlling ownership of Marsh Supermarkets to a limited liability company that plans to sell the assets of remaining stores at auction a month from now, bankruptcy papers show.
Cigna wins judge’s approval to walk away from Anthem merger
The decision makes it virtually impossible for Anthem to salvage the merger and means the insurer could be on the hook for $1.85 billion in breakup fees and $13 billion in damages to Cigna.
Buyer of WTTV, WXIN known for frugality, conservative politics
Could Sinclair Broadcasting Group make staffing cuts and/or push the stations to the political right?
3-year-old CraftMark Bakery already employs 265, plans big expansion
The commercial bakery, which makes frozen bread dough and cookie dough and baked flatbreads for Subway and other quick-service restaurants, started out big and says more growth is coming.
Neighbors try to save 86th Street woodlands from development
A developer wants to build a $20 million office and retail building at the northwest corner of East 86th Street and North Keystone Avenue.
BEHIND THE NEWS: Inside the issues that grounded Celadon
The trucking company's financial statements became decidedly more opaque after October 2015, when it set up an off-balance-sheet truck-leasing joint venture in which management held ownership.
Legislature tells Holcomb to tackle workforce overhaul
Lawmakers had big plans in 2017 to overhaul a disjointed workforce-development system, but after nibbling around the edges, they have tossed the hardest work to Gov. Eric Holcomb.
DeveloperTown has success helping larger firms innovate
DeveloperTown has been growing revenue about 40 percent annually over the past five years, a rate that far exceeds what leaders expected when they founded the company in 2010.
Changing times for the bank branch
In-branch transactions are declining as customers complete more business via online and mobile banking. Still, banks say physical offices remain important for a variety of reasons.
Indiana business owners optimistic about economy
More than one-quarter of owners of small and medium-size businesses in Indiana surveyed by PNC Financial Services Group said the Trump administration and Congress will have a positive impact on their companies. (Photo courtesy of The White House) Indiana’s small- and midsize-business owners are more optimistic about their company’s prospects—and the national and local economy—than […]
MainSource acquires Greenwood investment firm
Greensburg-based MainSource Bank has purchased Greenwood-based Capstone Investment Management LLC, which had two employees and $120 million in assets under management. With the acquisition, Capstone became part of MainSource’s wealth management division, effective May 1. Capstone will continue to operate from its existing office at 494 S. Emerson Ave., Suite G, and it will maintain […]
Credit union expands insurance agency
Financial Center First Credit Union has more than doubled the size of its insurance agency, Financial Center Services LLC, with the acquisition of two insurance companies. Financial Center has acquired both Insurance Associates and Fieber & Reilly Inc. Fieber & Reilly’s former owner, Kurt Walther of Lawrence, has joined Financial Center as an agent. He […]
SKARBECK: A business day marked by blizzard of big stories
May 2 was a lollapalooza day in Indiana business, as three companies delivered significant news.
BOHANON & STYRING: Marsh liquor sell-off was an economist’s dream
Indiana’s byzantine liquor laws recently provided a clean textbook example—a natural experiment—of the Law of Demand.