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Stock in HhGregg Inc. shot up 11 percent this morning after the Indianapolis-based appliance and electronics retailer posted a 38.5-percent increase in profit in its third fiscal quarter. The shares traded near $13.13, up $1.30. The $15.1 million in profit for the period ended Dec. 31 amounted to 45 cents per share. Analysts surveyed by […]
None of the roughly 25 parties that have shown interest in buying the Tropicana Casino in Atlantic City, N.J., have told the trustee overseeing the Tropicana that they want the Casino Aztar sister property in Evansville, according to the Evansville Courier & Press. However, the trustee, Gary Stein, added that potential buyers might be speaking […]
A Greenwood human resources firm plans to construct a 47,153-square-foot office building along Interstate 65 near a campus opened recently by Indiana Wesleyan University. Tilson HR Inc. has contracted with Alderson Commercial Group to build the $6.5-million, two-story structure on one of the few remaining tracts in South Park Business Center, according to the Daily […]
A union that’s organizing janitors in Indianapolis and other cities plans to deliver 100,000 candy hearts to Central Indiana Corporate Partnership at noon today to represent the number of people in Indianapolis the union says are without health insurance. Central Indiana Corporate Partnership is a not-for-profit of CEOs of the region’s largest corporations and university […]
Locally based Mann Properties and Illinois-based Opus North are putting together plans for 1.5 million square feet of industrial and office space along Interstate 69 in Madison County. The 140-acre development, in…
Californians are howling over the recent discovery that one of WellPointâ??s units made a practice of asking
doctors to report conditions that the insurance company could use to cancel medical coverage for new patients.
The letter amounted to asking doctors to…
The lawyer who accidentally sent an e-mail to a New York Times reporter about settlement talks underway with Eli Lilly and Co. asked that the reporter not use information from the e-mail in a story. However, the reporter, Alex Berenson, quickly dispelled any notion of keeping it under wraps. “And I said, you know, are […]
Pended house sales in the nine-county Indianapolis area fell 12.2 percent in January from the same month last year, according to figures released today. The region saw 1,962 pended sales, compared to 2,235 in January 2007, said F.C. Tucker Co., which based the news on figures gathered by the Metropolitan Indianapolis Board of Realtors. Pended sales are […]
With the revelation that the NCAA discovered more possible wrongdoings by Indiana University basketball coach Kelvin Sampson than the school reported in October, the embattled coach and his boss, athletic director Rick Greenspan, could become marketing liabilities for the school…
Vanguard National Trailer Corp. has reduced its operations from two shifts to one, but did not cut workers, joining other truck-trailer makers that are responding to a slowdown in the market, reports The Herald Journal of Monticello. Vanguard National is a unit of China International Marine Containers Co. Ltd. and has its operations in the […]
You can’t say Indy Racing League driver Danica Patrick doesn’t make a splash. Patrick can be found gracing the pages of Sports Illustrated’s annual swimsuit issue, which hits…
Plans are taking shape for a $9-million, four-story building that would replace a one-story, township-owned structure at 875 Mass Ave. Center Township Trustee Carl Drummer plans to lease the property to Riley Area…
New York insurer MetLife Inc. is closing its call center at 9001 Wesleyan Road and shifting the employees to working from home, the company said today. Approximately 89 workers take calls for auto and home claims. The office is located near Interstate 465 and North Michigan Road.
Powerway Inc., an Indianapolis-based developer of manufacturing quality control software, today gave CEO H. Dave Chambliss the additional title of chairman. Prior to his association with Powerway, Chambliss was chief operating officer for Georgia-based Visiprise Inc., which specializes in integrated manufacturing operations solutions. While at Visiprise, he led operations through the company’s acquisition of HMS […]
Center Township Trustee Carl Drummer may be a nice guy, but he sure knows how to squirrel away taxpayer
dollars, IBJ reporter Peter Schnitzler showed us in this weekendâ??s IBJ.
Drummer has racked up a $7.1 million surplus â??…
While the lights for an Indy Racing League-Champ Car merger appear to be turning green, smoke is apparently pouring from Champ Car’s balance sheet. Two well placed sources confirmed Champ Car will likely file bankruptcy, possibly as early as today.
Champ…
Approximately 40 truck drivers employed by Towne Air Freight LLC in Indianapolis have voted to be represented by the International Brotherhood of Teamsters. It was the first time in Towne’s 42-year history that drivers have opted to join a union. The South Bend company had rebuffed four previous attempts over the decades. Drivers operating out […]
Health insurance companies including Indianapolis’ own WellPoint Inc. have been relentless in trying to suppress
spiraling health costs. So relentless, in fact, that doctors are pushing back.
Physician groups in Kokomo, Rushville and other cities are refusing to take new patients…
A hearing about legislation that would penalize businesses that knowingly hire illegal immigrants begins at 9 a.m. tomorrow before the House Committee on Public Policy in the House chamber at the Statehouse. The bill, authored by Sen. Mike Delph, R-Carmel, has passed the Senate, and makes it a misdemeanor for transporting, shielding from detection, concealing […]
Plainfield-based wireless device distributor Brightpoint Inc. today announced that it has inked a deal to add Google Inc.’s services to cell phones. Under the deal, Brightpoint will install Google Search and Google Maps on a range of smartphones. “It is a major deal for us,” said Brightpoint CEO Bob Laikin. “Aligning Brightpoint with Google is […]
