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Public Companies
HHGregg's profit slips despite higher revenue
May 27, 2010
IBJ StaffHHGregg had a profit of $10 million, or 25 cents per share, in the quarter ended March 31 on revenue of $417.2 million.
MoreHat World to acquire Sports Avenue stores
May 27, 2010
IBJ StaffLocally based Hat World has agreed to acquire the assets of Sports Avenue, an Illinois-based competitor that operates 46 retail
stores and 13 branded e-commerce sites. Terms of the deal where not disclosed.
MoreCEO Smulyan gets OK to take Emmis private
May 26, 2010
IBJ Staff and Bloomberg NewsEmmis Communications Corp. agreed to be acquired for about $90 million by closely held JS Acquisition LLC, a company formed
by Emmis CEO Jeff Smulyan.
MoreBusiness bank reports first-quarter loss
May 25, 2010
Indiana Business Bancorp lost $519,043 in the first quarter compared with a profit of $32,252 during the same period a year
ago.
MoreSimon plans to rejoin retail leasing event
May 24, 2010
Cory SchoutenSimon Property Group Inc. plans to rejoin the giant leasing mall at the annual ICSC convention in Las Vegas, where 25 percent
of the nation's retail lease deals are consummated.
MoreSoft Landing: Pay slipped for most execs in 2009, but cuts weren't deep
May 22, 2010
Peter SchnitzlerTop executives at Indiana's public companies have largely been insulated from the economic crash. IBJ's
review of executive pay found that, although 131 of the 238 executives listed in proxy statements the past two years saw annual
compensation fall in 2009, only 10 experienced cuts of more than $1 million.
MoreBig stock run-up puts pressure on HHGregg to deliver
May 22, 2010
Greg AndrewsHigh expectations already are baked into HHGregg Inc.'s stock price, which has doubled since last May. A disappointment could
spawn a sell-off.
MoreJobless claims rise by largest amount in 3 months
May 20, 2010
Associated PressApplications for unemployment benefits rose to 471,000 last week, up by 25,000 from the previous week, the Labor Department
said Thursday. It was the first increase in five weeks and the biggest jump since a gain of 40,000 in February.
MoreUPDATE: Arcadia confirms major growth plans
May 20, 2010
IBJ StaffArcadia Resources Inc. is planning a $3.9 million expansion of its Indianapolis headquarters and pharmacy operations, the
company said Thursday morning, confirming that it plans to add as many as 930 jobs by 2013.
MoreArcadia Resources says it will add 930 jobs
May 19, 2010
Scott OlsonExecutives of the health care services provider will be joined by Gov. Mitch Daniels and Mayor Greg Ballard for a Thursday
morning announcement at the company's headquarters.
MoreBioanalytical Systems reports loss in second quarter
May 17, 2010
IBJ StaffBioanalytical Systems Inc. narrowed its losses in the second fiscal quarter despite a 2 percent drop in revenue, the West
Lafayette-based contract research firm said late last week.
MoreUnorthodox pay package puts Biglari on defensive
May 15, 2010
Greg AndrewsSardar Biglari, chairman and CEO of Biglari Holdings Inc., the Texas-based parent of Steak n Shake, rolled out a hedge-fund-style
compensation plan for himself late last month that could put staggering sums in his pocket.
MoreBioanalytical Systems names new chief executive
May 14, 2010
IBJ StaffWest Lafayette-based Bioanalytical Systems Inc. has promoted Anthony S. Chilton to CEO following the retirement of top executive
Richard M. Shepperd earlier this year.
MoreBraly, Obama spar again over WellPoint cancellation policies
May 10, 2010
J.K. WallCEO of Indianapolis-based health insurer wrote to Obama on Sunday to rebut the president's criticism that WellPoint seeks
out breast cancer patients to cancel their policies.
MoreFinish Master profit slides
May 7, 2010
IBJ StaffRecession aftermath continued taking a toll on sales of paint for auto repairs.
MoreNoble Roman's reports lower profit, revenue
May 7, 2010
Indianapolis-based pizza and sub chain saw a decline in royalties and ongoing fees from franchisees in the first quarter.
MoreKite reports first-quarter loss on lower revenue
May 6, 2010
Developer's $1.1 million loss in the first quarter reflected lower construction activity and lower gains on land and outlet
sales.
MoreAdesa parent increases revenue, profit
May 6, 2010
IBJ StaffCarmel-based KAR Auction Services Inc. on Wednesday reported a first-quarter profit of $8.1 million, reversing a $3.5 million
loss in the same period last year.
MoreBrightpoint reports higher revenue, earnings
May 6, 2010
IBJ StaffBrightpoint handled 22.5 million units in the first quarter, a jump of 21 percent compared to the first quarter of 2009.
MoreRepublic suffers $36.5M loss in first quarter
May 5, 2010
Indianapolis-based carrier took an $11.5 million charge to write off the Midwest Airlines brand name. Republic is combining
Milwaukee-based Midwest with Denver-based Frontier Airlines.
MoreReduced production drives Calumet to a loss
May 5, 2010
IBJ StaffHigh crude oil prices and lower production hurt the bottom line at Calumet Specialty Products Partners LP, which Wednesday
reported a $13.1 million first-quarter loss. It posted a $75.6 million profit in the first three months of 2009.
MoreBiglari Holdings targets auto-parts chain
May 3, 2010
Cory SchoutenThe parent company of Steak n Shake restaurants is angling to acquire a huge stake in the Advance Auto Parts chain.
MorePROXY CORNER: Brightpoint Inc.
May 1, 2010
IBJ StaffBrightpoint Inc. provides worldwide distribution and integrated logistics services to the wireless communications industry.
MoreSimon Property earnings fall on debt-retirement expenditures
April 30, 2010
Bloomberg NewsFunds from operations fell to $325.6 million, or 94 cents a share, from $476.8 million, or $1.61 a year earlier, the Indianapolis-based
shopping mall giant said Friday morning.
MoreEarthquake shakes Baldwin's first-quarter profit
April 29, 2010
J.K. WallThe February earthquake in Chile sent first-quarter profit tumbling 90 percent at Indianapolis-based property and casualty
insurer Baldwin & Lyons Inc.
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First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.
I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.
Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??
On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.
It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.