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Patachou restaurants sue insurer over COVID-19 claim denials

May 21, 2020 | Susan Orr

Patachou, which operates 12 restaurants in Indianapolis and Carmel, is among a growing number of local companies that have sued their insurers for claim denials related to COVID-19 business losses.

New High Alpha company aims to launch 100 startups in next five years

May 21, 2020 | Anthony Schoettle

Indianapolis-based venture studio High Alpha on Thursday announced the launch of High Alpha Innovation, a business founded to help companies create and grow startup firms. The new firm has already snagged several big-name customers.

Pier 1 to go out of business, permanently close all 540 stores

May 19, 2020

The home-goods retailer has two stores in Indianapolis and three in the suburbs (Plainfield, Carmel and Noblesville).

Developer planning 35 condos, townhomes on near-east side, including church conversion

May 19, 2020 | Mickey Shuey

The Michigan-based firm intends to develop 20 condos and 15 townhomes on parcels near the nexus of the Holy Cross, Arsenal Heights and Woodruff Place neighborhoods.

Burgerhaus’ downtown canal location likely won’t reopen

May 19, 2020 | Susan Orr

The restaurant opened in 2014. The chain also has locations in Carmel, Schererville and Valparaiso.

Developers make $27M in bond requests from Carmel to spur multiple projects

May 19, 2020 | Kurt Christian

The Carmel City Council on Monday voted to send developer-backed bond requests for four major real estate projects to the city’s Land Use Committee for further review.

Finance vets angle for control of Protective Insurance

May 15, 2020 | Greg Andrews

The business—formerly Baldwin & Lyons Insurance—is one of central Indiana’s oldest public companies.

Indiana credit unions pursue growth by buying banks

May 15, 2020 | Susan Orr

The banking industry, which argues that credit unions’ tax-exempt status gives them an unfair edge, objects to the trend.

Quack Daddy Donuts expanding with franchised store

May 14, 2020 | Kurt Christian

The seller of customizable doughnuts that started in Pendleton will be joined later this year by a second store in a new Westfield retail center.

Most Republican 5th District candidates support Trump’s response to pandemic

May 11, 2020 | Lindsey Erdody

During two virtual candidate forums hosted by Indiana Town Halls and WFYI Productions on Monday night, 14 of the 15 Republicans seeking the seat were asked to rate the Trump administration’s actions so far related to the global health crisis.

Restaurants reopen for dine-in service with restrictions but cautious optimism

May 11, 2020 | Samm Quinn

Restaurateurs didn’t know what to expect early Monday, but patrons likely will see staff members in masks, tables spread at least six feet apart and rigorous cleaning protocols.

Dee Thornton

May 8, 2020 | Lindsey Erdody

From a young age, Dee Thornton watched her parents be civically and politically engaged in western Tennessee, but she didn’t run for public office until people approached her in 2018 about the 5th District seat.

Pay cuts, layoffs hit white-collar workers, too

May 8, 2020 | Kurt Christian

Experts say the wave of layoffs and pay cuts that first ravaged the service industry in mid-March are starting to erode management, upper-level and even executive jobs.

KAR Global shares slide 11% as auction giant cuts costs to weather COVID crisis

May 7, 2020 | Kurt Christian

Pay reductions helped the auto auction giant partially offset the temporary closing of its physical auctions and other fallout from COVID-19.

CNO Financial see tough quarter, but commits to no layoffs in 2020

May 6, 2020 | IBJ Staff

Carmel-based CNO Financial Group Inc. suffered a first-quarter loss of $21.2 million, due mostly to a dismal investment market brought on by the COVID-19 pandemic.

Toxicology firm to offer antibody testing for COVID-19 in Indy, Carmel

May 6, 2020 | John Russell

The northwest side company said it has secured an FDA-approved serology test developed by Abbott Laboratories, making it the latest player to offer the service.

Return of retail in Indy area far from business as usual

May 4, 2020 | Susan Orr

A smattering of shoppers found a mixed bag of offerings on the first day that nonessential stores were allowed to open, with many retailers remaining closed or still providing pickup-only service.

Indiana banks sock away extra money for COVID-19-related loan losses

May 4, 2020 | Susan Orr

Amid the widespread economic disruption caused by the pandemic, banks have already granted payment deferrals of up to six months to a significant number of commercial and individual borrowers.

North-side steakhouse closes permanently, citing ‘impending expiration’ of lease

May 2, 2020 | Mason King

The owner of the upscale eatery in the Keystone at the Crossing area made no mention of the coronavirus crisis in its announcement Friday, but in April it notified state officials that it had drastically cut the hours of 46 employees due to restrictions on dining.

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