Experts: Marsh purchase doomed from start
In 2006, when Sun Capital Partners bought Marsh Supermarkets, the bet looked risky at best.
Finances
Articles
Carmel biotech firm lands $8M in venture capital, grant funds
Founded in 2006, Fast BioMedical Inc. plans to use the money to help advance clinical trials and hire additional workers. It develops technologies to measure blood volume and kidney function.
Bankrupt HHGregg plans to liquidate if no buyer found in next week
The Indianapolis-based retailer, which has filed for Chapter 11 bankruptcy protection, has filed a plan with the court to close its 132 stores and sell off its remaining merchandise if it can’t find a buyer by April 7.
Other suitors will have chance to outbid HHGregg’s proposed buyer
The Indianapolis-based appliance and electronics retailer says it has interest from dozens of potential purchasers.
HHGregg could file bankruptcy as soon as next week
The news comes one day after the Indianapolis-based retailer announced that it was closing 88 stores and three distribution centers
Trump has taken few steps to disentangle from private empire
President-elect Donald Trump continues to own or control some 500 companies that make up the Trump Organization, creating a tangle of potential conflicts of interest without precedent in modern U.S. history.
Allegion rebounds in third quarter with $1.6M profit
The security-products firm also posted higher revenue, but its results weren’t as good as Wall Street expected.
Hurco profit falls as demand for machine tools diminishes
North American sales for the Indianapolis-based manufacturer dropped 19 percent in the third quarter due to pricing pressure and reduced consumption of machine tools.
Vertellus to be acquired by lenders after no other bids surface
Chemical company Vertellus Specialties Inc. says the $454 million deal arranged in bankruptcy proceedings will allow it to continue operations with its current leaders.
U.S. incomes rise, but top 1 percent gain most
The incomes of households outside the very top tier appear finally to be recovering from the Great Recession.
Markets plunge as Britain decides to exit European Union
The vote in favor of a “Brexit” has shocked investors and sent stock markets plummeting around the world. Years of financial uncertainty lay ahead on a global scale as the U.K. and EU find their footing.
Markets, bettors put money on Britain staying in EU
The momentum appears to favor those who wish to remain in the European Union. The betting market Betfair said the probability that the country will stay stands at 86 percent. Optimism in financial markets also points in that direction.
Indiana gains ground in Fortune 500 amid shuffle among elite
Indianapolis-based Simon Property Group Inc. and Warsaw’s Zimmer Biomet Holdings vaulted back among the top 500 this year, while local oil refiner Calumet Specialty Products Partners plummeted.
U.S. retail sales move in opposite direction from stocks
A key question for the economy this year is whether consumer spending can keep growing and offset the impacts of stock market volatility and slowing growth overseas.
Simon reports lower quarterly profit, higher revenue
Despite reporting lower profit in the fourth quarter, the nation’s largest mall owner still posted strong results for the full year.
Charter star Tindley in cash crunch as CEO’s expenses questioned
The much-lauded Tindley Accelerated Schools has missed its enrollment targets this year, forcing it to eliminate positions and seek loans.
Forecast for 2016: Strategist says slow economic growth ahead
If the U.S. economy were a compact car, it would be running on just three of four cylinders. That was the central message of a Fifth Third Bank expert at IBJ's 2016 Economic Forecast on Wednesday.
Angie’s List ekes out profit as new CEO rebuffs activist
Shares sank 15 percent on Wednesday morning despite an $82,000 profit in the third quarter. New CEO Scott Durchslag told analysts he wanted to increase shareholder value organically rather than pursue a sale or merger.
S&P takes significant hit amid global stock rout
The Standard & Poor’s 500 Index fell into a correction Monday for the first time since 2011 in one of the most volatile trading days ever, as a rout in global equity markets deepened.
As ChaCha waits for suitor, CEO Jones makes cuts for profitability
ChaCha has moved out of its offices but is still operating. It posted a profit on $2 million in revenue last quarter, and CEO Scott Jones wants to stay in the black until someone buys the Q&A search company.