Browning pulls out of Evansville hotel redevelopment
Indianapolis-based Browning Investments plans to turn the former Executive Inn back over to the city after being unable to
arrange financing for the project.
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New store openings drive HHGregg profit
Indianapolis-based appliance and electronics retailer opened 26 new stores in its fiscal first quarter and earned $2.7 million
in profit.Hoosier Tire legal victory has broad implications
The Lakeville-based company won a victory in the antitrust case brought by Pittsburgh-based Specialty Tires of America,
which objected to exclusive contracts for the supplying of racing tires.Duke Realty’s loss widens despite higher revenue
Indianapolis-based real estate investment trust reports bigger quarterly loss, even though revenue, occupancy and tenant-retention
rates rise.Indianapolis Star to be laid out in Louisville; local jobs likely lost
Virginia-based Gannett Co., the Star’s parent company, this month informed employees of a plan to move layout
and design work for its 83 dailies to five regional design hubs.HETRICK: Hoosier thrillers should stay on the page
Reading Indiana crime fiction is great for vacation. Learning of true Indiana crime isn’t.
Indiana accused of cutting aid to food stamp users
Indiana Family and Social Services Administration attorneys do not believe federal law was broken when officials balanced
food stamp
payments against a state-run supplemental aid program.Attorney general says schools can’t charge bus riders
The opinion presents a complication for districts like Franklin Township Schools on the south side of Indianapolis, which
had been counting on charging a bus fee of about $75 per rider beginning this fall.Hat World’s new strategy looks beyond the noggin
Here’s the business plan: Expand from hat retailing into two new segments—licensed sports apparel and team-sports
equipment—and benefit from the synergies among them.City takes risk with debt-laden IT-overhaul pick
To spearhead a once-in-a-generation overhaul of local government’s antiquated back-office computer system, Mayor Greg Ballard
has chosen an unprofitable software firm that as recently as March 31 warned investors that debt-refinancing issues could
force it out of business.It’s another scaled-back summer for vacationers
More people are expected to hit the road than did last year, but their budgets will be tighter because of high unemployment,
stock markets in retreat and a still-fragile economy.HHGregg’s profit slips despite higher revenue
HHGregg had a profit of $10 million, or 25 cents per share, in the quarter ended March 31 on revenue of $417.2 million.
Sweeping new rules await Indy 500, insiders predict
An overhaul of the Indianapolis 500 and Indy Racing League, possibly as soon as 2012, could take the legendary race back to
its roots as a bellwether of automotive innovation. Engine and chassis rules for the 500 might be greatly loosened, encouraging
the kind of technological innovation that made the race famous.Big stock run-up puts pressure on HHGregg to deliver
High expectations already are baked into HHGregg Inc.’s stock price, which has doubled since last May. A disappointment could
spawn a sell-off.Former Star columnist suing newspaper
Susan Guyett, who wrote the Talk of Our Town column, claims the newspaper discriminated against her on the basis of age when
she was let go from her job in 2008.Duke Realty reports leasing at 5-year high
Duke Realty Corp. handled more leasing activity last quarter than it has in any first quarter in five years, the locally based
real estate
investment trust said on Wednesday.Indy defense accounting jobs appear safe
Department of Defense concurs that Indianapolis a better location than Cleveland for about 225 Marine Corps jobs.