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HHGregg Inc. said today that a 24-percent increase in net profit in its fourth fiscal quarter was driven by rising sales of big flat-screen televisions, high-end washing machines and refrigerators, and notebook computers. The Indianapolis-based appliance and electronics retailer reported a $10.3 million profit in the quarter ended March 31 on sales of $324.2 million, […]
Want to join IBJ for a screening of the new comedy “Get Smart,” starring Steve Carell and Anne Hathaway?
It’s happening June 17 at AMC College Park
For a pair of tickets, just take both of the following steps:
1. Post a comment…
Sarah Fisher is speeding ahead with plans to do at least two more Indy Racing League races this season. Despite the defection of two main sponsors and a crash at last month’s Indianapolis 500, Fisher still thinks her team will…
The sluggish economy has prompted businesses to pull back on hiring, but units of local government keep adding workers as if nothing has changed. In the Indianapolis area in April, local governments employed 2,200 more workers than the same month last year, according to the Indiana Department of Workforce Development. The growth to 79,100 workers […]
A new electronic casino opens for business at Hoosier Park in Anderson today, and another at Indiana Downs in Shelbyville is set to open next week. The…
Philip Boberschmidt of the downtown law firm of Boberschmidt and Powers has
been appointed trustee to oversee liquidation of Premier Properties USA – a task that begins today.
The Sharper Image Corp. store at the Fashion Mall at Keystone at the Crossing will close. The bankrupt company announced Sunday that it will shutter all of its remaining stores. Eighty-six stores will be liquidated. The company liquidated 96 of its stores following its February bankruptcy, which was blamed on a slow economy and tight […]
The Indy Racing League is continuing its popularity growth.
After a strong month of May in Indianapolis, the IRL saw a 30 percent attendance increase at its race yesterday in Milwaukee, to just more than 30,000.
While…
I wish I had more to report from the weekend, but I was under the weather and didn’t get to take advantage of Indy’s offerings.
If nothing else, I had hoped to get out to The Jazz Kitchen for Sunday night’s…
Indianapolis-based Fortune Industries Inc. has closed on a $32 million line of credit with the company’s majority shareholder, Carter Fortune. The credit line replaces one with Fifth Third Bank and is secured by most of the company’s assets. John Fisbeck, the company’s CEO, will personally guarantee up to half of the credit line. The company […]
It seems like more people are driving below the speed limit now that gas has become expensive.
Particularly on interstates, it isnâ??t uncommon to come upon congestion only to realize that somebody, for
no apparent reason, is puttering along and holding…
Sluggish demand for Dodge Ram pickup trucks has prompted Cummins Inc. to announce plans to lay off 125 workers at its diesel engine plant in Walesboro, just south of Columbus, from June 8 to mid-August. Rising fuel prices are hurting Ram sales. In October, the Columbus-based diesel engine maker ended contracts with 90 temporary workers […]
From all the noise surrounding gasoline prices, you’d think nobody actually benefited from the high prices. But, of course, some folks do benefit. Let’s figure out who they might be. Obviously, consumers don’t benefit. The average car owner in the United States pays about $80 more per month with gas at $4 per gallon than he did back when it was $2.25. Not good news, of course, but hardly the end of the world. Folks who provide goods and services…
Indiana University and the city of Bloomington are at odds over how best to commercialize the university’s discoveries–or,
more specifically, where to commercialize them.
Last September, I instructed my retirement plan to purchase two of the very expensive Berkshire Hathaway (A) shares so I could attend the annual meeting of shareholders and participate in the numerous peripheral activities. Actually, I could have purchased just one share of the B stock for much less and still have been entitled to four credentials. Warren Buffett, one of the richest men in the world, and his partner, Charlie Munger, are retail hucksters. They have created the perception…
A locally based property management firm is struggling to find a buyer for its downtown apartment complexes, even as the city’s
rental market continues to thrive. The privately owned Zender Family Limited Partnership, which was founded 38 years ago,
placed its 18-property apartment portfolio up for sale in November.
The Indiana Pacers got an assist recently from other National Basketball Association owners that could push the team out of the red. In April, the league’s board of governors approved a 63-percent increase in the amount of revenue shared among teams after a letter signed by Pacers co-owner Herb Simon and seven other small-market teams urged the change. The revenue challenges faced by smallmarket teams can no longer be ignored, said the letter signed by Simon in late 2006. Though…
The next few weeks will be critical for the state’s two new racinos, which need to open with a splash to meet their ambitious
projections of drawing more than 3 million visitors apiece annually. Hoosier Park in Anderson will open June 2, and Indiana
Downs in Shelbyville will follow a week later.
Well, to all but one sourpuss. “The [Indy Racing League] is garbage,” said caller “Gordon from Zionsville” on WNDE’s sports-talk show, “The Drive,” on the Tuesday following the big race. Gordon was weighing in to denigrate the IRL and praise NASCAR. Back to him in a moment. For the time being, the IRL’s competition isn’t NASCAR. While overnight ratings showed the afternoon Indy 500 scored a bigger rating than NASCAR’s prime-time 600-miler at Charlotte-and that Indy’s ratings were up from…
In fewer than two years, workers have filed 30 lawsuits against their employers regarding fees charged to the employees’ 401(k) plan accounts. Half of the lawsuits have been filed by a single St. Louis law firm. Ten suits have been filed in Illinois. Employers that have been sued include Bechtel Corp., General Dynamics Corp., International Paper Co., Kraft Foods Global, Inc., Lockheed Martin Corp., Northrop Grumman Corp., United Technologies Corp. ABB, Inc., Deere & Co. and Unisys Corp. In order…
