Auction set to liquidate Clark Appliance inventory
An auction to liquidate millions of dollars in inventory from now-defunct retailer Clark Appliance has been scheduled for March 28-29, Indianapolis-based Key Auctioneers announced Friday.
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Pizza joints, brewery rekindle West Clay retail hopes
Beer and pizza—a classic combination and a pairing that might help revive the retail portion of the Village of West Clay in Carmel.
Macerich, Simon shares rise on talk of acquisition
Macerich Co. shares had their biggest increase in three months Thursday morning after the Wall Street Journal reported that Simon Property Group Inc., the largest U.S. mall owner, has made approaches to buy the company.
Former Frisch’s exec denies embezzlement allegations
A former top executive at the Cincinnati company behind dozens of Frisch's Big Boy restaurants is denying that he embezzled $3.3 million as the company alleges.
Simon interested in acquiring West Coast mall owner
Simon Property Group Inc. has approached Santa Monica, California-based Macerich Co. about an acquisition after taking a stake in the company last year, sources say. Macerich, with a market value of $13.3 billion, has a high concentration of West Coast properties.
Indiana lawmakers advance rules for e-cigarette liquids
Several owners of vaping-related businesses told Senate committee members it would cost them thousands of dollars to comply with the proposed regulations.
Target to cut $2 billion in costs, thousands of jobs
The Minneapolis-based discounter with 12 Indianapolis-area stores hopes to become more agile to compete in an increasingly competitive landscape and appeal to shoppers who are buying and researching on their mobile devices.
El Rodeo owners sentenced to home detention for theft
Their chain of 26 restaurants, which operate in 10 Indiana counties under the names El Rodeo and El Jaripeo, failed to report an estimated $22.7 million in sales between 2010 and 2012, prosecutors said.
Debate on cold medicine prescriptions lingers
Lawmakers involved in the debate over how to curb Indiana's methamphetamine problem say a bill that would require drug felons to get a prescription before buying common cold medicine is likely just another step toward an eventual prescription requirement for all consumers.
Startup Handcrafted Beverages takes on Big Soda
Founder Jerry Rezny thinks craft soft drinks can disrupt the soft drink industry just as craft beer shook up establishers brewers.
Round-the-clock dental practice sees opportunity in the wee hours
24 Hour Dental Care has seen 550 patients since opening on Virginia Avenue Dec. 15.
Simon forming $1.8B joint venture with retailer Hudson’s Bay
Simon, the biggest U.S. mall owner, will contribute $278.5 million and have a stake of 20 percent in the joint venture with Canada’s oldest company.
Bill aimed at reducing meth problems advances
The Indiana Senate passed a bill 46-3 on Tuesday that would make it more difficult for criminals to purchase products used in the production of meth.
Legislator: Sunday alcohol bill ‘did not have the votes’
Indiana will keep the distinction of being the last state with a "blue law" banning Sunday carry-out alcohol sales after the sponsor of a bill that would have lifted the ban said Tuesday the measure is dead.
Sunday alcohol sales bill is dead, key legislator says
Bill author Tom Dermody, R-LaPorte, said Tuesday morning that he doesn’t have the votes to move the bill to the Senate, largely because it includes new restrictions on the way alcohol could be sold at drug stores, big-box stores and other retailers.
House rejects changes to Sunday alcohol sales bill
An effort to dial back proposed restrictions on grocery, convenience and drug stores in a bill that would legalize Sunday carryout alcohol sales was narrowly defeated Thursday in the Indiana House.
Senate panel backs bill dealing with big-box store values
The Senate Tax and Fiscal Policy Committee unanimously supported a bill requiring certain special-purpose properties to be assessed based on the cost of construction for the first seven years.
Groundbreaking set for downtown’s Market Square skyscraper
Executives of Flaherty & Collins Properties will join city officials Wednesday to turn dirt on the site, kicking off construction of the $121 million, 28-story apartment project anchored by a Whole Foods store.
Activist unleashes attack on Sardar Biglari, says he must go
Groveland Capital said in a regulatory filing late Thursday: “[Steak n Shake's] operating performance with Mr. Biglari at the helm has been worse than that of those predecessors he so criticized in 2008!”
Zionsville shop’s niche draws orders from antiquers worldwide
In July, Tiffany Turner and her husband, Steve Young, bought Kennedy Hardware, a three-decade-old enterprise that’s a superstar in its sales niche—supplying highly specialized bits of hardware for rehabilitating antique furniture.