Former Logo Athletic president named CEO of Lids
David Baxter has been named president and CEO at Zionsville-based Lids Sports Group, succeeding former president Kenneth Kocher, who resigned in February after more than 10 years in the position.
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Two tracks of negotiations helped seal huge Salesforce expansion
Tech talent and naming rights on the state’s tallest building were key factors that helped Indianapolis secure an 800-employee hiring commitment from Salesforce.com this month.
Programs for homeless suffer big cuts as feds shift priorities
Programs across Indianapolis that provide housing and support to the homeless are bemoaning a $687,540 decrease in U.S. Department of Housing and Urban Development funding this year.
Not-for-profits join co-working movement
Hubs designed for not-for-profits have joined the local co-working craze as social leaders see opportunities to save money on office space and collaborate with groups in similar positions.
IUPUI student housing building spree to test demand
Four apartment projects totaling more than 1,000 units are either under construction or in the works near IUPUI, as developers capitalize on the university’s transition to a residential campus.
Historic St. Elmo building’s exterior undergoing lengthy repairs
The terra cotta that adorns the downtown landmark’s roofline is beginning to crumble, prompting the restaurant’s owners to seek restoration options, which could take six months to complete.
HDG Mansur examiner hopes to hit insurance jackpot
Bankruptcy examiner John Humphrey, who has been investigating potential claims against HDG Mansur founder Harold Garrison, is hoping for a big payout from the company's $5 million directors and officers liability insurance policy.
Kohl’s Corp. joins other retailers with slumping sales
Shares in Kohl’s Corp. slid almost 9 percent in morning trading Thursday after the retailer with 13 Indianapolis-area stores reported first-quarter results that missed analysts’ estimates.
Egg prices near 5-year low as farms recover from bird-flu crisis
The cost of making everything from quiches to cakes is less than before avian influenza killed more than 35 million laying hens and the government spent $1 billion to prevent the disease from spreading.
Bluebeard owner plans project to fill Mass Ave gap
Restaurateur Edward Battista and his father, Tom, want to fill a chunk of land between the former Coca-Cola bottling plant and R Bistro with a three-story development.
Forrest Lucas buying former Nancy Irsay estate
The founder of Lucas Oil Products has agreed to buy the nearly 40-acre spread on Ditch Road in Carmel, which sits next to the even more opulent property he bought in 2010.
Gloomy outlook continues for retail giant Macy’s
Macy’s Inc., the largest U.S. department-store company, is still suffering from sluggish mall traffic and increased competition from other stores and off-price retailers.
Struggles for Lumber Liquidators drag into new year
Lumber Liquidators Holdings, which has three stores in the Indianapolis area, saw its stock tumble Tuesday after it reported weak sales results brought on by allegations that it sold tainted flooring.
Staples, Office Depot scrap merger after judge blocks deal
Staples and Office Depot on Tuesday called off their planned $6.3 billion merger after a federal judge blocked the deal, saying the combination would likely hurt competition in office supplies. The chains have about 15 Indianapolis-area stores.
Mainstreet Health to seek $95M in Canadian share offering
Mainstreet Health Investments Inc. is headquartered in Toronto but controlled by Carmel-based real estate developer Mainstreet Property Group.
Pittman family properties in $2.4M estate could be auctioned
Heart surgeon John Pittman’s offspring have been feuding in court since September about how to handle real estate in Carmel and Zionsville.
Developer proposing 12-story student-housing tower downtown
Georgia-based Landmark Properties wants to build the project on a triangular surface lot along Indiana Avenue that it’s buying from a local developer.
J.C. Penney plans major push back into appliance business
J.C. Penney says it's expanding its rollout of major appliances to nearly 500 stores by this fall, or almost half of its stores.
Background checks for guns climb dramatically in Indiana
Indiana is on a pace to shatter last year's record of more than 1 million background checks.
Developer wants $5M from city for Anderson Wigwam overhaul
Leaders of Indianapolis-based BWI told the Anderson Redevelopment Commission that the money is needed to secure an additional $6 million by selling tax credits to investors.