Women’s retailer Charlotte Russe to reopen in Castleton Square
The company shut down all five of its Indianapolis-area stores earlier this year after filing for bankruptcy, but the brand has a new owner that is reopening stores in some locations.
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Indiana coal mine with 120 workers to close this fall
The company said it’s working with the affected employees “to identify comparable employment opportunities at four locations in Indiana and Illinois.
Walgreens to shut 200 U.S. stores as part of cost-cutting plan
The Deerfield, Illinois-based company operates more than 18,000 stores worldwide, including 55 or so in the Indianapolis area.
Markets recover from Monday sell-off after China buttresses its currency
U.S. stocks on Tuesday rebounded from their worst day of the year after Chinese efforts to stabilize the yuan reassured nervous investors that a global currency war had not been declared.
Boom in overdose-reversing drug tied to fewer drug deaths
Prescriptions of the overdose-reversing drug naloxone are soaring, and experts say that could be a reason overdose deaths have stopped rising for the first time in nearly three decades.
Hardware store owner says relocation of store far from certain
Fusek’s True Value Hardware has been located in the Lockerbie Marketplace development since June 2004.
U.S. stocks claw back lost ground as China stabilizes currency
Technology stocks led the gains in a reversal of Monday’s slump, when they bore the brunt of the market sell-off that pushed U.S. indexes 3% lower.
Kite Realty Group sells off 14 properties for $415 million
The divestitures are part of what the company calls Project Focus, a previously-announced project to sell off non-core assets and pay down debt.
Hoosiers in best position to pay off credit card debt, study says
Analysts from the personal finance web site WalletHub used data from the U.S. Census Bureau, the Federal Reserve and TransUnion to see how each state is faring when it comes to credit card debt.
Lockerbie hardware store eyeing new location along North Penn downtown
Fusek’s True Value hopes to stretch its footprint and add a garden center at the new location while exiting a block bought by a local developer in recent years.
IU Simon Cancer Center lands $13.8M grant, comprehensive cancer center designation
The cancer center, opened in 2008, is now one of just 51 “comprehensive cancer centers” in the nation and the only one in Indiana.
Newspaper giants Gatehouse, Gannett likely to seek cost savings after merger
Efficiencies wrought by the merger might result in publications that rely less on local reporters and more on USA Today-type stories produced or edited remotely and published in dozens of the company’s publications.
Treasury Department designates China a ‘currency manipulator’
The United States and China traded blows in an unrestrained economic conflict Monday that sent stock markets plunging and threatened to inflict significant damage on a weakening global economy.
Brebeuf appealing archdiocese decision to no longer recognize school as Catholic
A Jesuit high school that the Indianapolis Archdiocese no longer recognizes as Catholic because it refused to fire a teacher in a same-sex marriage said it is appealing that decision to the Vatican.
Stocks suffer worst drop of the year after China counters tariffs with cheaper currency
Major stock indexes dropped dramatically on Wall Street on Monday, their worst loss of the year, after China countered President Donald Trump’s latest tariff threat by letting its currency weaken to the lowest level in more than 10 years.
GateHouse buying Indianapolis Star parent Gannett for $1.4B
Two of the country’s largest newspaper companies have agreed to combine in the latest media deal driven by the industry’s struggles with a decline in printed newspaper sales.
Gen Con draws nearly 70,000 to Indianapolis, event officials say
The event, which has been hosted by the city since 2003, broke its records for exhibitors, total ticketed events, and for sales of four-day and Sunday badges.
Economic diversity index puts Pennsylvania first, Indiana next to last
Bloomberg analyzed the contribution to gross domestic product by industry and government in all 50 states to create the diversity index. Indiana’s GDP is most dependent on manufacturing and least dependent on government.
Solar co-op seeks participants in Hamilton County
A Washington, D.C.-based not-for-profit group has launched a co-op for residents and businesses in Hamilton County who want to install solar panels at a group rate.
U.S. stock indexes slide as China’s currency hits 11-year low
U.S. stocks nosedived in morning trading Monday as China’s currency fell sharply and stoked fears that the trade war between the world’s two largest economies would continue escalating.