Calumet Specialty Products posts annual loss for 7th straight year
The Indianapolis-based company, which makes specialty petroleum products, last posted an annual profit in 2013. Calumet’s cumulative annual losses since then total $931.7 million.
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Longtime local homebuilder Paul Estridge Jr. retiring
Estridge, 63, said a recent lung transplant, along with other factors, convinced him now was the right time to step away from his company after nearly 40 years in the business.
Pilot project bringing autonomous shuttles to streets of Indianapolis, Fishers
A six-month public shuttle service will launch in Indianapolis in May and in Fishers in November. The project is backed by the Toyota Mobility Foundation and numerous other public and private partners.
New tenants move into historic Monument Circle space
Luxori Salon, a startup, and B. Bliss Spa, which moved to Monument Circle from the Stutz Business and Arts Center, have taken the space formerly occupied by Studio 2000, a longtime salon and spa that closed last summer.
Retailer Shoe Show to depart Circle Centre
The North Carolina-based retail chain opened its Circle Centre location in late 2019. The company’s other area stores will remain open.
Allison Transmission expects revenue, profit to rebound this year
Allison Transmission’s fourth-quarter financial performance exceeded analysts’ revenue expectations but fell short of profitability forecasts.
Splenda maker sues Speedway chain over knockoff sweetener
Carmel-based Heartland Consumer Products says Speedway offers knockoff sweetener in packets that are too similar to Splenda’s packaging, which could confuse customers.
T.J. Maxx to reopen downtown Indianapolis store next week
The discount clothing and home-goods store closed during last spring’s pandemic stay-at-home orders, then sustained damage during riots and looting in May. It’s set to reopen Sunday.
New restaurant, Block Bistro and Grill, opening downtown
Local restaurateur Terry Anthony said his goal is lure people back downtown and attract repeat customers. The Block opens Sunday in the historic Block Building.
Longtime friends to debut House of Soul Cafe on south side
Indianapolis-based owners David Brown, a chef, and Adam Belt, a commercial pilot, are gearing up to open their fast-casual soul food concept in a space that formerly housed a Dunkin’ Donuts.
Green District planning restaurant on Monument Circle
Green District plans to take over the space on the southwest corner of Monument Circle that was previously occupied by Au Bon Pain.
Local entrepreneur, partner to appear on Shark Tank
Kweku Larbi of Indianapolis and his business partner, social-media influencer Ross Smith, went on the show to pitch their company Brumachen, a portable coffee-maker that uses biodegradable coffee pods. The episode airs tonight.
IndyGo purchasing Haughville properties for paratransit operations
IndyGo has purchased one parcel and is working to purchase an adjacent one for its Open Door paratransit service, which is now housed on the city’s northeast side.
16 Tech announces first round of food, retail vendors
The seven vendors, which include restaurants, a space for food entrepreneurs and a barber shop, will occupy 16 Tech’s 40,000-square-foot food and retail hall.
Chicken salad restaurant chain roosting in Indy area with three locations
Founded in 2008, the Alabama-based fast-casual chain has grown to 181 franchised and company-owned locations in 17 states.
Indianapolis credit union placed into conservatorship
The National Credit Union Administration says it took control of operations at Indianapolis’ Newspaper Federal Credit Union because of “unsafe and unsound practices.”
Chicago-style pizza chain Lou Malnati’s confirms 86th Street location
The 86th Street location, the chain’s second Indianapolis-area store, is set to open this spring. Lou Malnati’s confirmed the location last year but until now had not specified when it planned to open.
Crumbl Cookies chain to open first Indiana store in Fishers
The Fishers shop opens this week, to be followed later this year by locations in Indianapolis, Greenwood, Carmel and Zionsville.
Community development exec Tedd Grain moves to new job with Eskenazi
At Eskenazi Health, Tedd Grain, who had been at LISC since 2009, will be tackling food access issues, economic mobility and other social factors that affect local residents’ health status.
Habig Garden Shop closes Meridian-Kessler store
The College Avenue store was the original location for the retailer, which was operated there since the 1950s. The family-owned company’s two other locations, in Nora and Carmel, remain in operation.