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UPDATE: Cookie shop latest tenant to desert Circle Centre

February 15, 2018

The cookie and ice cream shop’s closure is the latest in a string of recent tenant departures from the downtown Indianapolis mall. The mall recently filed suit against the shop

Hospital complex costing $1B planned for 96th and Spring Mill

February 19, 2018 | John Russell and Lindsey Erdody

Neighbors contacted about selling their homes to make way for the development say St. Vincent Health is behind it. But a St. Vincent spokeswoman said the organization does not have “details to share” at this time.

Simon to spiff up struggling Circle Centre with long-awaited renovation

February 19, 2018

Plans for the “multimillion-dollar” renovation include transforming the food court into a dining pavilion and upgrading lighting and finishes. But the plans don’t address the long-term viability of the struggling mall.

Is fast-growing rival of Lids frontrunner to buy chain?

February 21, 2018

Some analysts say the logical buyer for Zionsville-based Lids Sports Group is Fanatics Inc., an online-only rival that has been on a tear while Lids has struggled.

Biglari works his critics into an uproar—again

February 28, 2018

Sardar Biglari might talk a good game about being a champion of shareholders, but his biggest critics view him as a hypocrite—thanks to a series of moves that furthered his control over the business, the latest of which has spurred one lawsuit and seems sure to spark others.

Adviser admits defrauding former Colt of $4.7M

March 7, 2018

Under the terms of the plea agreement, Kenneth Ray Cleveland of suburban Los Angeles is required to make restitution to former Colt Cory Redding.

Roundup: Circle Centre sues another tenant; Freddy’s opens 300th eatery

March 8, 2018

Circle Centre claims a now-closed beauty salon owes unpaid rent. Plus: Untuckit has joined the Fashion Mall roster, Fira Boutique has closed in Broad Ripple, and the Freddy’s steakburger chain hits a big milestone on the south side.

Lilly revives proposals that would lower takeover barriers

March 14, 2018

The company’s board is asking shareholders to support two corporate-governance proposals, including one that would eliminate a requirement that buyout bids garner at least 80 percent shareholder approval.

Naming-rights deal could boost Pacers’ income

March 22, 2018

Pacers Sports & Entertainment should have little problem securing a new naming-rights sponsor for the fieldhouse that will pay at least double the current rate of $2 million a year, experts say.

Transforming Methodist: IU Health figuring out what to demolish, save

April 4, 2018

By the end of the year, officials expect to unveil its master plan to remake the state’s largest hospital—currently an amalgamation of ancient health care amenities and modern facilities.

Anthem stays on sidelines amid blitz of megadeals

April 5, 2018

Business history is littered with colossally bad mergers that seemed brilliant at the time. So the insurer might benefit from avoiding the temptation to follow the current trend. Or it could get left in the dust.

Businessman Alan Symons puts legal nightmare to bed

April 11, 2018

The executive has satisfied the terms of a settlement that extricates him from a $44 million court judgment stemming from a soured business relationship.

Circle Centre lands Purdue Polytechnic High School, five other tenants

April 13, 2018

Purdue Polytechnic plans to operate at the mall for the 2018-19 school year. Other new tenants include three restaurants, an Indiana-themed shop and an executive coaching consultant.

Hard-fought civil fraud case against ITT brass nears trial

April 27, 2018

Former CEO Kevin Modany and former Chief Financial Officer Daniel Fitzpatrick tried to settle the case last year, but SEC commissioners rejected the deal. Another settlement conference is scheduled for May.

IBJ honored for editorial writing, illustrations, medical reporting and more

April 28, 2018

Editor Greg Andrews and artist Brad Turner took home top honors in the contest sponsored by the Indiana Professional Chapter of the Society of Professional Journalists.

Path to $1.6 billion acquisition by Lilly full of twists and turns

June 7, 2018

At one point this spring, Lilly and three other companies were simultaneously angling to buy AMRO BioSciences.

Cookie shop in Circle Centre reopens under new franchisee

June 12, 2018

The owner of Gifts and Convenience, a shop in the downtown Embassy Suites by Hilton hotel, is the new franchisee for the mall cookie and desert shop, which closed early this year after a lawsuit from the landlord.

Indiana’s director protections complicate ITT lawsuit

June 13, 2018

A lawsuit filed by ITT Educational Services’ bankruptcy trustee seeks $250 million from the firm’s former CEO and board members, whom she alleges were disengaged as the business melted down.

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.

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.

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