Supreme Court rules car-dealership service advisers don’t get overtime
The decision from the high court affects more than 100,000 advisers nationwide.
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Kroger drops plan to build massive Marketplace store in Fishers
The Cincinnati-based grocery chain instead is opting to renovate a much smaller existing grocery across the street from where the proposed store would have been built. The decision leaves a massive hole for Kite Realty Group to fill in Fishers Station shopping center.
Ball State OKs construction of $18M campus parking garage
The four-level, 600-spot garage is set be built on the eastern edge of the Muncie campus.
UPDATE: Tinker Street chef quits as restaurant closes ‘until further notice’
The high-profile eatery owned by veteran restaurateurs Peter George and Thomas Main had abruptly closed on Wednesday and Thursday night with little explanation, while posting a notice that it was hiring servers and salespeople.
Q&A: Kimbal Musk embraces tech in earthy new eatery but keeps it hidden
The brother of Tesla and SpaceX founder Elon Musk is opening two Indianapolis restaurants in coming weeks. He sat down with IBJ to talk about the role of technology in the two eateries that play up their all-natural cuisine.
Walmart reportedly in talks with Humana for deeper partnership or merger
Walmart and Humana have explored a wide range of options including a merger, according to a source familiar with the situation.
World’s biggest toymakers aren’t having much fun these days
There’s trouble in toyland. Sales at the world’s three biggest toymakers—Lego A/S, Hasbro Inc. and Mattel Inc.—slumped during the crucial 2017 holiday season, and the outlook for 2018 isn’t much better.
Finish Line shares sink after retailer falls short in key metric
Shares in Finish Line Inc.—which this week agreed to be acquired by British retailer JD Sports Fashion Plc for $558 million—tumbled Thursday morning after the Indianapolis-based retailer reported a sharp quarterly decline in same-store sales.
Residential Real Estate: Marketplace for March 30, 2018
Pending home sales in the central Indiana dipped 0.7 percent last month compared to the previous year, although prices are up 5.3 percent so far this year, to nearly $194,000.
Biglari says higher prices wouldn’t fix Steak n Shake, but not everyone agrees
A franchisee says Sardar Biglari's devotion to low prices is taking a toll on the customer experience at Steak n Shake.
Custom homebuilder expands to downtown condos
Litz & Eaton Development Co. and its two affiliates have grown from annual revenue of $1 million in 2011, the year residential developer Brad Litz and custom homebuilder John Eaton founded the company, to an expected $40 million this year.
MEMORY BANK: Kentucky Avenue billboard advertises used cars
This 1927 billboard above Martin Zinkan grocery at 1205 Kentucky Ave. advertises used cars at Capitol Overland Co. at Capitol Avenue and Michigan Street (a building that remains).
Restaurant-week promotions drive customers to try new eateries
Chefs vie for adventurous diners’ attention by putting together special fixed-price menus, usually three or four courses highlighting some of the chef’s best work.
City rushes to use $3M to raze abandoned houses
The Hogsett administration is racing against an end-of-year deadline to tear down blighted homes with $3 million it has remaining from a federal grant awarded in 2014 to tackle the problem.
Bricks and beams warm up industrial condo
Jeweler Nick Blum turned the former paint manufacturing plant—which dates to the 1890s—into several upscale condos with industrial details.
Newcomers add flavors to International Marketplace
If you haven’t been to the International Marketplace in a while (or not at all), here’s a rundown of the newest establishments on the multicultural menu just off Interstate 65 on the west side.
Babies ‘R’ Us demise sets off scramble for baby registries
The liquidation of Toys “R” Us Inc. has raised a big question: What happens to all the customers who had baby registries at the soon-to-be-defunct retailer?
Saks parent, a Simon Property partner, unable to escape slump
The rebound taking shape in parts of the retail industry eluded the owner of the Saks Fifth Avenue and Lord & Taylor department stores, which failed over the holiday season to reverse a decline in same-store sales.
Warehouses now more valuable than office buildings, thanks to Amazon
Despite a lot of construction, warehouses are being leased as soon as the cranes come down. Indianapolis, Phoenix and California’s Inland Empire are among the hot markets nationally.
Brookfield’s deal for GGP seen as underpriced, bad for malls
Brookfield Property’s deal to take over shopping center landlord GGP Inc. isn’t winning over Wall Street analysts, nor is it scoring points with investors in retail real estate stocks, including Indianapolis-based Simon Property Group.