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Simon buying General Growth debt for possible takeover
The Indianapolis-based shopping mall owner is facing competition for General Growth from Toronto-based Brookfield Asset Management Inc., which also has been buying up General Growth’s debt.
Barber shop thrives on retro appeal
Brownsburg’s Everyday Joe’s Barber Shop offers personal touch and a retro look.
Simon exploring bid to purchase rival General Growth
General Growth is the second-largest U.S. mall owner, trailing only Indianapolis-based Simon Property Group, with more than
200 regional malls in 44 states.Power Breakfast panel debates health care reform
As health care legislation
continues to wend its way through Congress, Indianapolis-area industry leaders still harbor strong
opinions about the issue. Five industry insiders discussed how to improve the health care system during
IBJ’s Power Breakfast Sept. 25 at the Westin Indianapolis.Flush with cash, developer Simon revives hunt for acquisitions
Simon Property Group Inc. has managed to grow revenue tenfold since going public 16 years ago. The key has been well-timed acquisitions.
Ron Gifford’s blog from China
Indy Partnership CEO Ron Gifford is traveling with Gov. Mitch Daniels and a delegation of Hoosier business and community
leaders on a trip to Asia through Sept. 16. Gifford is blogging about his experiences as he works to bring
new jobs and investment to the economic development group’s 10-county Indianapolis region. Bookmark this
page and check back for updates.
Advertising veterans launch new agency
Three Indianapolis advertising and marketing veterans have launched a new full-service agency. While the timing might not
be great—with the swooning economy—Dave Lesh, Bruce Dean and Bill Hendrickson think they have the experience to
forge a solid business.STYLE: New retailers add dimension to canal-side shopping
Along with the debut of this new column, focusing on style in Indy and beyond, comes a Broad Ripple shopping
shuffle, where the reorganization of two mainstays has given way to new life along the canal.HETRICK: It’s hip to be simple, so let’s take advantage
A gentleman from Fort Wayne died last month. The cancer caught up to him just a few days before his 80th birthday. Like many
of us native Hoosiers, this fellow was born of working folks. His dad was a traveling hardware salesman,
his mom a homemaker.Health reform stories should include private-practice docs
I read with interest IBJ’s [June 29 story] focusing on health care reform. I was not surprised by the exclusion
of opinions from “real” private-practice physicians.Bankruptcy judge OKs General Motors sale plan-WEB ONLY
A bankruptcy judge said late yesterday that General Motors Corp. can sell the bulk of its assets to a new company, clearing the way for the automaker to quickly emerge from bankruptcy protection. Federal Judge Robert Gerber ruled that the sale is needed to avoid “immediate and irreparable harm” to GM and is in the […]
Democrats criticize school funding formula-WEB ONLY
Democratic legislative leaders want Indiana to reconsider the way it divvies up school funding, claiming the formula in the new state budget will devastate public education. Under the budget signed into law Tuesday, schools can lose money if they lose students, while fast-growing suburban schools will receive large funding increases. Republicans say that’s the way […]
Finish Line losses shrink, but miss expectations-WEB ONLY
The Finish Line narrowed its losses in its fiscal first quarter, the Indianapolis-based athletic shoe and clothing retailer reported today. But the results fell short of analyst expectations. Finish Line lost $600,000 in the period ended May 30 compared to a profit of $868,000 a year earlier. Analysts surveyed by Thomson Financial anticipated Finish Line […]
Sale ends Man Alive rebranding attempt-WEB ONLY
The Finish Line has ended an unsuccessful attempt to rebrand and revitalize its struggling Man Alive stores by agreeing to part with the 75-store clothing chain. Indianapolis-based Finish Line today announced that it would pay $7 million to Man Alive Acquisition LLC, which is controlled by Brooklyn-based Jimmy Jazz, to take Man Alive assets and […]
GM bankruptcy is 4th-biggest in U.S. history-WEB ONLY
General Motors filed for Chapter 11 bankruptcy protection today as part of the Obama administration’s plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government.GM’s bankruptcy filing is the fourth-largest in U.S. history and the largest for an industrial company. The company said it has $172.81 […]
UPDATE: GM bankruptcy 4th-biggest in U.S. history-WEB ONLY
General Motors filed for Chapter 11 bankruptcy protection today as part of the Obama administration’s plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government. Normal 0 false false false MicrosoftInternetExplorer4 GM’s bankruptcy filing is the fourth-largest in U.S. history and the largest for an industrial […]
Guidebook beats smartphones in smackdown
Guidebook beats smartphones in smackdown Slow download speeds, small screens hinder phones Conde Nast Traveler magazine sent three reporters to Moscow, one armed with an iPhone, one with a BlackBerry Bold, and one with an old-fashioned guidebook, to see whether the gadgets or the book were more helpful in completing a series of typical tourist […]
Indy Gen-X group to tout city to out-of-town recruits
IndyHub, the city’s young professionals network, will launch a new Web site, circlingthecity.com, to pique the interest of out-of-towners who are being recruited by local companies.
Simon foe General Growth files for bankruptcy-WEB ONLY
General Growth Properties Inc., the nation’s second-largest shopping mall operator, filed the biggest real estate bankruptcy in U.S. history early today after it failed to persuade a majority of its debt holders to give it more time to refinance $27 billion in debt. Indianapolis-based Simon Property Group is the only mall operator bigger than Chicago-based […]