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Indianapolis retailer HHGregg Inc. overcame a decline in comparable-store sales and the difficult economic environment during its third fiscal quarter, reporting profit of $17.1 million – a 13-percent improvement from the prior year period. Sales during the quarter were up almost 7 percent, to $416 million. Profit margins increased primarily because the company was able […]

An Elkhart manufacturing plant slated for partial closure last year will be shuttered on a permanent basis due to “adverse business conditions,” according to a notice filed with the state late last week. Michigan-based Continental Automotive Systems US Inc. said it will close the 119-employee electrical systems plant beginning March 31; it will stagger the […]

After enjoying a bump in passenger counts last year, Indianapolis-based Republic Airways posted a decline in January compared with the same period a year ago. The regional carrier said yesterday that it transported 1.3 million passengers last month, down 2.4 percent from the previous January. In 2008, Republic flew 18.9 million passengers, up 16 percent […]

Investment losses overshadowed an increase in premiums written by Indianapolis insurer Baldwin & Lyons Inc. last quarter, dropping its profit to $100,000 despite operating income of $7.8 million. The company posted investment losses of $7.7 million, which it attributed to global market woes. Its 1-cent-per-share profit compares to $1.34 posted in the fourth quarter of […]

The state House’s Public Policy Committee will hear testimony today on a bill that would completely ban smoking in bars, restaurants, casinos and other public places throughout the state. Some local bar and restaurant owners have expressed concern about what a smoking ban would mean for business. Meanwhile, supporters of bill are pointing to a […]

A panel of government health experts yesterday said a highly anticipated Eli Lilly and Co. blood thinner marks a significant advance over older treatments and should be approved. The nine members of the Food and Drug Administration’s cardiology advisory group unanimously voted in favor of the company’s anti-clotting drug prasugrel, saying it should be approved […]

After enjoying a bump in passenger counts last year, Indianapolis-based Republic Airways posted a decline in January compared with the same period a year ago. The regional carrier said yesterday that it transported 1.3 million passengers last month, down 2.4 percent from the previous January. In 2008, Republic flew 18.9 million passengers, up 16 percent […]

Police continue to investigate a deadly crash on Interstate 69 yesterday that involved more than 30 vehicles and killed three people. The chain reaction started after a fire truck was hit by a passing car. Investigators say yesterday’s snow was an obvious factor, and some drivers were going too fast for the conditions. Two of […]

A teenager accused of carrying out a string of bus stop robberies on the east side last month appeared in court this morning for an initial hearing. Investigators say Cameron Johnson, 17, held up students for money, cell phones and shoes. Johnson will be tried as an adult. Indianapolis police are still looking for two […]

A near-west-side business is closed today after a nitric acid spill early this morning. Firefighters and hazardous materials crews were called to Magnode Corp., 4151 W. Washington St., about 4 a.m. Firefighters say a pallet of nitric acid began to leak and caught fire when it was exposed to moisture. Crews quickly put out the […]

Bloomington lost out on a new IBM data processing center that could have employed up to 1,300 people in the Monroe County city. The city was a finalist for the project, but officials learned Monday that the company instead chose Dubuque, Iowa. State officials there offered an incentive package totaling $52 million. It was not […]