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Clarks shoe store closing at Circle Centre

January 25, 2019

The downtown mall has hemorrhaged tenants in recent years, including the loss of its two department store anchors.

Decimation of daily newspapers sets stage for ominous Star sale

January 17, 2019

Days after Gannett Co. agreed to buy Central Newspapers Inc., parent of The Indianapolis Star and The Arizona Republic, for $2.6 billion in 2000, then-Gannett CEO Doug McCorkindale toured the Indianapolis newsroom and declared, “It’s going to be business as usual, for the most part.” It was the last four words that worried Star staffers—who were […]

Investors thrashing bank stocks, despite solid earnings

December 19, 2018

Investors have turned pessimistic about everything from the inevitability of a U.S. recession to growing international trade disruptions and higher loan defaults.

Billboard proposal riles neighbors, sign firms

December 13, 2018

Digital billboards seem poised to make an official entrance in Marion County soon—but almost no one, including the sign industry, is happy about it.

Shareholders of Steak n Shake’s parent wrapping up brutally bad year

December 12, 2018

The value of Biglari Holdings shares have slid since the company at Sardar Biglari's behest adopted a dual-class stock structure in May.

In an era of TV merger mania, WTHR still standing pat

December 6, 2018

The frenzy of deal-making inevitably leads to speculation about the future of WTHR-TV Channel 13—which, incredibly, has been under the ownership of the same family—the Wolfes of Columbus, Ohio—since 1975.

Kite seeks to minimize risk in convention-hotels project

November 21, 2018

Hospitality industry observers say this is far from an ideal time for Kite—a publicly traded real estate investment trust specializing in shopping centers—to veer outside its core business and tackle what would be a risky and colossal project that easily could cost more than $600 million.

Novartis nearly doubled its Endocyte bid during drawn-out courtship

November 8, 2018

The escalation in per-share price—which far exceeds that of other recent deals involving Indiana public companies—reflects the unique nature of M&A in the pharmaceutical realm.

Sears’ Castleton, Greenwood closings create opportunities, obstacles

October 31, 2018

One complication is that Sears—not Simon Property Group—controls the Castleton Square space.

Lids Sports Group’s future growing cloudier by the day

October 25, 2018

Parent company Genesco started trying to sell the Zionsville-based division 10 months ago, but no deal has been struck. Meanwhile Lids' long-running decline has continued.

As Sirius XM CEO, Indy exec reshaping in-car entertainment

October 3, 2018 | Greg Andrews

The company is spending millions of dollars to broaden its foothold as internet connectivity becomes the norm in vehicles, opening up a wealth of opportunities for enhanced entertainment, marketing and data services.

The case for (and against) investing in Elanco Animal Health

September 26, 2018

Investors hope Greenfield-based Elanco—the No. 4 animal health company in the world—will be the next Zoetis, the former animal-health division of Pfizer, which has nearly tripled in value since going public in 2013.

OneAmerica sailed through financial crisis but still learned lessons

September 21, 2018

An analysis by OneAmerica of 32 major life insurers found that it was the only one that realized a gain on its investment portfolio from 2008-2010.

ITT Educational’s CEO, directors scoff at $250M lawsuit

August 29, 2018

Attorneys for the defendants have asked the court to discuss the case, arguing it falls far short of the standards needed to warrant a full-blown trial.

Fair Finance trustee tries for legal jackpot one last time

August 23, 2018

Without a big settlement, or a resounding victory at trial, victims in the fraud would be left with an underwhelming recovery—currently 11 cents on the dollar, based on distributions of $18 million in December 2015 and $5 million last October.

Calumet Specialty’s new CEO giving it second lease on life

August 15, 2018

Calumet shares now trade around $6.65, nearly double their October 2016 low but way down from October 2015, when they fetched around $27.

50 Finish Line locations slated for conversion into JD Sports stores

July 26, 2018

The outcome of the test will help determine whether all Finish Line outposts will take on the JD Sports moniker and product mix.

Editorial: IBJ events season kicks off with Fast 25

July 25, 2018

Several opportunities are available the rest of this year to sponsor and attend an IBJ event. They’re reasonably priced, and IBJ subscribers get a discount.

SEC’s $300,000 ITT settlement leaves trail of questions

July 11, 2018

The modest settlements might suggest the SEC concluded its case wasn't that strong or that it would be difficult to explain to a jury.

New rule puts companies’ median pay in spotlight

July 5, 2018

The public attention might up the pressure on corporate boards to rein in pay for top brass, especially if multiple years of reporting document the gulf between median pay and CEO pay is widening.

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Timothy O'Bryan