HHGregg hires former Marsh exec as CFO
Indianapolis-based HHGregg Inc. has hired former Marsh Supermarkets executive Robert J. Riesbeck as its new chief financial officer, the appliances and electronics retailer announced Thursday.
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Hilton boutique hotel slated for renovated Consolidated Building
Plans call for a 102-room Home2 Suites by Hilton to be built in what’s known as the annex of the Consolidated Building, at the rear of the vacant, 15-story structure on North Pennsylvania Street.
U.S. farmers may grow more corn than they can handle
From Ohio to Nebraska, corn and soybean output is expected to be even higher than the record amounts predicted earlier this year.
Radio vet launches Indy’s third local afternoon sports show
Former Emmis program director who helped launch 1070 The Fan is hosting a show weekdays from 3 p.m. to 6 p.m. on WXNT-AM 1430. He faces stiff competition from JMV and Query and Schultz.
Apartments, restaurant on tap for downtown’s south side
TWG Development is part of a joint venture that purchased the vacant building on South Meridian Street with plans for a $19 million project with 120 apartments and anchored by an eatery.
All-star real estate agent leadership sounding familiar
Ward takes first place among IBJ’s All-Star Teams sixth year in row.
Bank of America close to record settlement with U.S.
Bank of America is nearing a $16 billion to $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, a person directly familiar with the matter said Wednesday.
HHGregg shares slide on disappointing quarterly results
HHGregg Inc. lost more money than expected in its latest quarter as sales slumped dramatically, the Indianapolis-based appliance, electronics and furniture retailer reported Thursday morning.
Carmel marketer deploys flying camera
Carmel marketing firm Fat Atom’s new toy tends to draw a crowd, giving the agency high hopes for the business its drone could deliver.
UPDATE: Four doctors arrested in clinic raids
Dr. Larry Ley, 68, of Noblesville, was being held on $1 million bond on drug-dealing charges in Hamilton County Jail. A dozen additional suspects, including three other doctors, were either under arrest or being sought by police.
Indiana Limestone Co. digs out of deep hole
In February, Indiana Limestone Co. filed for bankruptcy. But two months later, Chicago-based Wynnchurch Capital Ltd. bought the quarry company out of bankruptcy. ILC is now digging out and looking at a brighter horizon.
Former newspaper editor now telling stories on screen
Documentary filmmaker Ted Green recently completed production of “Bobby Slick Leonard: Heart of a Hoosier,” a 90-minute documentary that will debut at Bankers Life Fieldhouse July 29.
CHICAGO REVIEWS: ‘Brigadoon’ at the Goodman; ‘This is Our Youth’ at Steppenwolf
A trip to Chicago yields a pair of well-worth-the-drive pleasures from two of the country’s leading regional theaters.
HHGregg ready to dust off, ramp up Fine Lines concept
HHGregg's high-end-appliance Fine Lines stores are shifting into the spotlight as the struggling retailer looks for ways to offset declining consumer electronics sales.
Duke unloads office buildings for $150M, report says
The six Duke Realty Corp. properties in the Cincinnati area included the 403,000-square-foot Towers of Kenwood development, which sold for $69.2 million, according to the Cincinnati Business Courier.
State sits on prime downtown property near Statehouse
Three locally based firms responded to a state request for private-sector parking management, plus the construction of new spaces, by proposing mixed-use buildings for a 3.2-acre lot north of the Statehouse, according to response documents made public late last month.
GOP bucking business priorities on Capitol Hill
Traditional ties between the business community and the Republican Party are fraying in Washington, D.C., where the House GOP has bucked corporate interests on a series of priorities this year, from immigration to highway funding to trade.
Muncie launches ‘quiet zone’ push to benefit hotel
Muncie's push would benefit a $40 million Courtyard by Marriott hotel slated for a groundbreaking later this year and set to open in fall 2015 just north of CSX Transportation and Norfolk Southern tracks.
Obama says U.S. should provide paid maternity leave
The president is touting paid maternity in the midst of a midterm election campaign focused on women voters, without describing the details of how he would fund such a system.
HHGregg’s board is bullish, but analysts remain skittish
The company scarfed up $49 million of its stock under a buyback program that ran from May 2013 to May 2014. And last month, the company launched a new buyback program, this one for $40 million.