Joann will close all stores, cease business operations pending court approval
Monday’s announcement comes less than two weeks after the retailer announced it would close more than two-thirds of its stores, including 20 in Indiana.... Read More
IBJ Staff
Big Lots puts more store leases up for sale
Bankrupt discount retailer Big Lots has added more than 200 stores to a nationwide list of locations that are likely to close, including 10 in Indiana.... Read More
Crafts retailer Joann to close more than 500 stores
The closure list includes Joann stores in Bloomington, Columbus, Indianapolis, Kokomo, Muncie and Richmond.... Read More
Former F.C. Tucker Co. leader Fred Tucker III dies at 78
Frederick C. “Fred” Tucker III, who led the F.C. Tucker Co. for a quarter-century and served on numerous business and civic boards, has died at age 78, the company announced Thursday.... Read More
Commerce chief David Rosenberg to lead IU biosciences accelerator in Indy
Indiana Secretary of Commerce David Rosenberg, president and CEO of the Indiana Economic Development Corp., has been named the inaugural president and CEO of the Indiana University Launch Accelerator for Biosciences in Indianapolis, IU announced Thursday.... Read More
Scarlet Lane Brewing to close last remaining location
Scarlet Lane Brewing Co., which operated five area locations until just over a year ago, plans to shut down its flagship brewpub in McCordsville at the end of the year, marking an end to the 10-year-old business.... Read More
Lilly shares get bump from pricey Biden proposal for covering weight-loss drugs
Shares of Indianapolis-based Eli Lilly and Co. popped in pre-market trading early Tuesday morning after news of a Biden administration proposal that Medicare or Medicaid cover the cost of weight-loss drugs for millions of Americans.... Read More
Holcomb plans trade trip to Saudi Arabia, Kuwait to focus on defense, other industries
It will be Holcomb’s 27th and final international economic development trip as governor, and his first visits to Kuwait and Saudi Arabia.... Read More
Penske Entertainment acquires Grand Prix of Long Beach in advance of race’s 50th anniversary
Penske said it expected “to provide significant investment” in the experience for Long Beach fans, sponsors and hospitality customers, but it did not provide details or an amount it intended to spend on the race.... Read More
Fair Oaks Farms education arm getting $2.7M to help further its mission
The Lake States Dairy Center—a nonprofit educational affiliate of Fair Oaks Farms—will receive a $2.7 million contribution from seven financial institutions to help further its mission, the organizations announced Tuesday. Farm Credit System institutions AgCountry Farm Credit Services, American AgCredit, CoBank, Compeer Financial, Farm Credit Mid-America, Farm Credit Services of America and Greenstone Farm Credit […]... Read More