Ex-DEI chief runs on new track
The message to locally based USA Track & Field was clear. Downsize or risk losing financial support from the U.S. Olympic Committee. So USATF boss Doug Logan last week announced the board would…
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Payroll tax hike looming
Shoring up the state’s jobless-fund shortfall likely will cost employers and employees more.
Payroll tax hike looming-WEB ONLY
First the good news about Indiana’s insolvent Unemployment Insurance Trust Fund: As part of its $787 billion stimulus, the federal government has just agreed to stop charging interest on its loans to pay benefits to the jobless. President Obama’s package allows Indiana to continue zero-percent borrowing for unemployment insurance through 2010, a provision that will […]
HHGregg names new CEO; another exec leaving-WEB ONLY
Indianapolis-based electronics and appliances retailer HHGregg Inc. plans to appoint a new CEO in August, when Jerry W. Throgmartin becomes executive chairman. The company’s current president, Dennis L. May, will take over for Throgmartin, a 33-year veteran of the chain who has served as CEO since 2003, HHGregg said yesterday. May, 41, joined HHGregg in […]
HHGregg names new CEO; CFO leaving-WEB ONLY
Indianapolis-based electronics and appliances retailer HHGregg Inc. said today it plans to appoint a new CEO in August. It also said its current CFO is stepping down. The company’s current president, Dennis L. May, will take over for Jerry W. Throgmartin, a 33-year veteran of the chain who has served as CEO since 2003. Throgmartin […]
Leaders driven to finish road linking Interstates 74, 70
Recently elected as a Hendricks County commissioner, Eric Wathen says his top priority is to complete the long-promised Ronald
Reagan Parkway, which would open a congestion-free path through the suburbs of Brownsburg, Avon and Plainfield.RECORDS
|R ECOR DS| ANNOUNCEMENT Riser Retail Group, specializing in selling retail shopping centers, has launched “10 Cap Props,” a division marketing properties with CAP Rates 10% and higher. Contact 280 E. 96th St., Suite 225; phone: 844-0700; fax: 844-0701; [email protected]; www.riserretailgroup.com. BANKRUPTCIES Medical Savings Investment Inc., 5835 W. 74th St., 46278. Chapter 7 liquidation. Assets: […]
New Indy firm will focus on insurance defense cases
Two partners at the Bingham McHale LLP law firm are taking five lawyers with them to form a firm that will concentrate on insurance defense work.
Judge upholds sanctions in Conseco loan case
U.S. District Court Judge Larry J. McKinney upheld sanctions against Dennis E. Murray Sr. in his legal battle with Carmel-based insurer Conseco Inc.
Attorneys leaving Bingham to form new firm-WEB ONLY
Seven attorneys are leaving Indianapolis firm Bingham McHale to form a new insurance litigation firm, a move that one of the departing partners said came as a result of the large firm’s practice group effectively pricing itself out of the market. Those involved describing it as an amicable split that boils down to those attorneys […]
HHGregg vying to win customers of Circuit City
Company officials think HHGregg is well-positioned to fill the void that Circuit City Stores Inc. will leave when its stores are closed.
UPDATE: HHGregg pursuing Circuit City market share-WEB ONLY
Steep discounts resulting from the liquidation of Circuit City Stores Inc. are expected to have a short-term negative impact on Indianapolis retailer HHGregg Inc., company officials said this morning in conference call with investors. But, ultimately, they think HHGregg is well-positioned to fill the void that the nation’s No. 2 electronic retailer will leave when […]
HHGregg pursuing Circuit City market share-WEB ONLY
Steep discounts resulting from the liquidation of Circuit City Stores Inc. are expected to have a short-term negative impact on Indianapolis retailer HHGregg Inc., company officials said this morning in conference call with investors. But, ultimately, they think HHGregg is well-positioned to fill the void that the nation’s No. 2 electronic retailer will leave when […]
New stores help HHGregg boost profit-WEB ONLY
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 […]
Knight could come cheap for UGA
Former Indiana University coach Bob Knight is contemplating coming out of retirement. Multiple sources said if the University of Georgia offers Knight its vacant men’s basketball coaching job, Knight would accept.
“I have never…
Duke profit beats estimates; shares drop-WEB ONLY
Indianapolis-based Duke Realty Corp. exceeded analysts’ expectations in the fourth quarter, generating funds from operations of 69 cents per share – more than a nickel better than the consensus estimate. Funds from operations is a common measure of financial performance for real estate investment trusts like Duke. Excluding one-time items, funds from operations were 71 […]
Duke profit down, ’09 dividend slashed-WEB ONLY
Indianapolis-based Duke Realty Corp. exceeded analysts’ expectations in the fourth quarter, generating funds from operations of 69 cents per share – more than a nickel better than the consensus estimate. Funds from operations is a common measure of financial performance for real estate investment trusts like Duke. Excluding one-time items, funds from operations were 71 […]
You-review-it Monday
Greetings from New York.
My weekend included catching three Broadway shows (I’ll be reviewing them in the print IBJ this week) and reading a chunk of Dennis Lahane’s novel “The Given Day” while on the trains back and forth to New…
Schools may not fare well in Daniels’ budget-WEB ONLY
Don’t be surprised if a two-year state budget Gov. Mitch Daniels plans to propose tomorrow includes no overall spending increase for public schools. “Protecting education at today’s levels would be a huge achievement when revenues are plummeting or are down significantly,” Daniels said last week. “In many states right now, education is being cut, and […]
Plainfield salon a family enterprise
Beth Metzger has talked about opening a salon and day spa with her daughter, Jill Dennis, for years.