Finish Line co-founder retiring as chairman
Alan Cohen will be succeeded by Glenn Lyon, who will retain his position as CEO.
IBJ Staff
Articles
HHGregg’s profit slips despite higher revenue
HHGregg had a profit of $10 million, or 25 cents per share, in the quarter ended March 31 on revenue of $417.2 million.
Hat World to acquire Sports Avenue stores
Locally 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.
Football coaches’ group to convene in Indianapolis
The four-day events in 2014 and 2019 are expected to draw about 7,000 attendees each and fill a total of more than 20,000
room nights, likely ranking among the city’s 25 largest conventions each year.
Local firm to manage city’s infrastructure initiative
American Structurepoint has been tapped by the Department of Public Works as program manager for the city’s “RebuildIndy”
infrastructure-improvement initiative.
AMC sells Greenwood theater to Regal Entertainment
AMC divested the property in order to proceed with its $275 million deal to buy 93 theaters operated by Kerasotes Showplace
Theatres.
Northstar Aerospace closing Anderson plant
The Anderson plant, which opened in 2006 and makes aircraft parts, has about 40 employees.
Business bank reports first-quarter loss
Indiana Business Bancorp lost $519,043 in the first quarter compared with a profit of $32,252 during the same period a year
ago.
City hosting U.S.-China vehicle summit
Event will bring together a delegation of Chinese automakers and Indiana manufacturers to explore business opportunities relating
to hybrid and electric vehicles.
State unemployment rate climbs back to 10 percent
Indiana unemployment figure hits double digits in April for the first time since September, showing how volatile the job market
remains.
State opens 2nd biz-development office in China
Zhejiang Province office will be Indiana Economic Development Corp.’s seventh international location.
EDITORIAL: Business strength benefits city
The recession is dragging on, unemployment remains above 9 percent, and Lilly is chopping its way through 5,500 layoffs.
Business bummers abound. But it’s not all bad news.
Business groups bless Mayor Ballard’s utility sale plan
Greater Indianapolis Chamber of Commerce and Builders Association of Greater Indianapolis support sale of water, sewer utilities.
Dora Hotels takes over management of DePauw’s Walden Inn
Dora operates more than 20 hotels, including five in downtown Indianapolis and two adjacent to Indianapolis International
Airport.
Timmy Foundation to absorb doctor’s Nigerian mission
The foundation, founded by Dr. Chuck Dietzen, will absorb the Mercy Foundation, started by Dr. Mercy Obeime, in July.
NFP of NOTE: Gleaners Food Bank of Indiana
Gleaners Food Bank of Indiana seeks to end hunger by engaging individuals and communities to provide food for people in need.
UPDATE: Arcadia confirms major growth plans
Arcadia 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.
Mitsubishi planning Franklin expansion
A Franklin manufacturing facility is planning a $9.4 million expansion project that would more than double employment over
the next two years.