The CEO of Indianapolis-based Duke Realty Corp. took home roughly $4 million in total compensation in 2008, a year in which the company’s stock price plummeted 75 percent. Dennis D. Oklak, 55, received about $1 million more in 2008 than in 2007, the company reported this week in its annual proxy filing. The compensation consisted […]
HHGregg Inc. had only 18 stores when Dennis L. May left the bankrupt Sun Television and Appliances chain in Ohio about 10 years ago to join the locally based company. Today, HHGregg has 108 stores and stands as a rare survivor in a crowded field of home technology retailers. And the closure of Circuit City […]
In the past, lawmakers ignored the need to fix financing for the Unemployment Insurance Trust Fund, and now they must come
up with solutions that will be difficult for both Democrats and Republicans to accept.
Dennis May, 41, slated to take over as HHGregg CEO in August, vows to continue growing what is already the nation’s largest
regional electronics player.
Efforts to fix Indiana’s bankrupt unemployment insurance system are shaping up as a slugfest in the General Assembly, one likely to last to the end of the session in late April – if not beyond. “This is the one issue that can slip us into a special session, and we had the opportunity to start […]
Efforts to fix Indiana’s bankrupt unemployment insurance system are shaping up as a slugfest in the General Assembly, one likely to last to the end of the session in late April – if not beyond. “This is the one issue that can slip us into a special session, and we had the opportunity to start […]
Local manufacturing stalwart Allison Transmission will have to restructure its more than $4 billion in debt or further cut expenses if it’s going to weather the recession. That’s the conclusion of analysts at Moody’s and Standard and Poor’s, which have issued negative outlooks for Allison, the top commercial truck-transmission supplier. “The downgrades reflect our concern […]
Local manufacturing stalwart Allison Transmission will have to restructure its more than $4 billion in debt or further cut
expenses if it’s going to weather the recession.
Mickey’s men’s and women’s camps—open for registration on a first-come, first served basis—offer compelling speakers, fun activities and food from the city’s leading restaurants.
HHGregg Inc. today reported better-than-expected revenue and profit projections for the fiscal fourth quarter. According to preliminary numbers for the quarter ended March 31, the Indianapolis-based electronics and appliances retailer had revenue of $365 million – a 13-percent increase over the same period a year ago. The retailer said profit per share for the quarter […]
Duke Realty Corp. announced today that it raised $218 million in the first quarter through asset sales and financing maneuvers in an effort to pay down debt. The Indianapolis-based real estate company gained $156 million through the 10-year secured-debt financing of some of its suburban office and industrial properties. It also sold two office buildings […]
Duke Realty Corp. announced today that it raised $218 million in the first quarter through asset sales and financing maneuvers in an effort to pay down debt. The Indianapolis-based real estate company gained $156 million through the 10-year secured-debt financing of some of its suburban office and industrial properties. It also sold two office buildings […]
Firefighters battled a large fire this morning in Lapel that destroyed much of a central Indiana furniture manufacturer and produced a smoke plume visible for miles. No injuries were reported from the fire at Hickory Furniture Design, Madison County Sheriff Ron Richardson said. Brad McQueen, the business’ owner, said 10 to 12 workers were inside […]
The Cleveland Cavaliers are two games away from equaling the 1985-86 Boston Celtics’ best-ever NBA home record. The Cavs are 38-1 playing on the banks of Lake Erie. They only have San Antonio…
Indiana exports eked out a gain in 2008 despite the imploding world economy-rising 2 percent to $26.5 billion, according to preliminary data from the U.S. Department of Commerce. All things considered, “exports held up pretty well last year. The last 60 days of the year is really the first time we saw deterioration on the […]
Indiana’s growing shipments to China averts a reversal in exports for the state, but core transportation equipment takes a
hit.
Employers would pay higher taxes under a revised proposal Indiana House Democrats presented yesterday as a way to fix Indiana’s bankrupt unemployment insurance fund. The taxes employers would pay into the fund overall would be higher than House Democrats originally proposed, at least initially, and the new plan still would not cut benefits paid to […]
Dreyer and Reinbold Racing announced yesterday afternoon that Milka Duno will be returning to the team’s Indy Racing League effort for 2009. The Venezuelan driver will be competing in a limited schedule starting…
This week, lessons in “hattitude” are taught at the IRT. Plus, some thoughts on “Spotlight 2009.” Generat ing more warmth than heat, “Crowns” (running on the Indiana Repertory Theatre main stage through June 2), shows what a good idea, a talented cast, uncluttered direction, and some pick-and-choose gospel classics can make out of underdeveloped material. […]
This week, lessons in “hattitude” are taught at the IRT. Plus, some thoughts on “Spotlight 2009.” Generat ing more warmth than heat, “Crowns” (running on the Indiana Repertory Theatre main stage through June 2), shows what a good idea, a talented cast, uncluttered direction, and some pick-and-choose gospel classics can make out of underdeveloped material. […]
