Exec from struggling RadioShack joins HHGregg
In joining the Indianapolis-based firm as COO, Troy Risch trades one big retailer struggling to find its footing for another.
IBJ Staff
Articles
Celadon profit slips despite big jump in revenue
Celadon CEO Paul Will said severe winter weather took its toll on the trucking company’s quarterly financial results.
Cummins raises forecast after strong first quarter
The Columbus-based manufacturer reported a profit of $338 million as revenue increased 12 percent.
Japanese manufacturer plans 220 jobs in Mooresville
A subsidiary of TOA Industries Co. Ltd. plans to spend $72.1 million to construct and equip an additional 360,000 square feet of manufacturing and warehouse space at its existing facility in Morgan County.
UPDATE: Panel proposes tax hikes to add hundreds of officers
A City-County Council task force recommended Monday an increase in the income taxes dedicated to public safety. It also backed eliminating a homeowner tax break.
Lilly Endowment sells Lilly stock for first time since ’08
Indianapolis-based Lilly Endowment sold 150,000 shares of Eli Lilly and Co. stock on Monday, resuming a short-lived asset diversification plan suspended when stock prices swooned in 2008.
Nicole Pence lands at Fox59 as anchor of new newscast
Nicole Pence, who abruptly left WTHR-TV Channel 13 late last year, has been hired by WXIN-TV Channel 59 as the station continues to expand its local programming with two additional weekday newscasts.
CNO takes big earnings hit to dispose of old business
Excluding the cost of finally shedding a block of business from predecessor Conseco Inc., CNO's operations were on the upswing in the first quarter.
Central Indiana home to 2 of state’s 10-most-endangered places
The Mills House in Greenwood appeared on the list for the first time, while the Anderson Athletic Park Pool made a return appearance. Indiana Landmarks unveiled the list at its Rescue Party Saturday night.
City picks former GM site for new criminal justice complex
The city of Indianapolis announced Friday that it is asking development teams to use part of the former GM Stamping Plant property west of downtown in its proposals for a new criminal justice center.
Finish Line increases stake in running division
The Indianapolis-based athletics retailer bought a larger share in the Running Specialty Group, a chain that operates 49 stores in 11 states.
Battery maker EnerDel loses CEO, names interim
EnerDel Inc. CEO David Roberts has resigned and chief operating officer Michael Canada will replace him on an interim basis, the Indianapolis lithium-ion battery manufacturer announced Thursday afternoon.
Indianapolis lags in bike commuting
Indianapolis ranked 34th in bicycle commuting and 35th in walking to work, according to the Alliance for Biking and Walking’s 2014 Benchmarking Report, which collected and analyzed data from all 50 states and the 52 most-populous cities.
Alcohol industry fights teen drinking
“We don’t serve teens” is underwritten by the Wine & Spirit Distributors of Indiana, Indiana Association of Beverage Retailers, Indiana Licensed Beverage Association, Indiana’s Budweiser Wholesalers and the Indiana Restaurant & Lodging Association.
WRTV scores big in broadcast awards
The ABC affiliate has been on a roll since new owner E.W. Scripps began making desperately needed investments in news and other operations. Scripps bought WRTV and eight other McGraw Hill stations in 2011.
PROXY CORNER: Simon Property Group Inc.
Indianapolis-based Simon Property Group Inc. is a real estate investment trust that owns, operates, manages, leases and develops regional malls, outlet centers and community shopping centers.
City cites apartments for hundreds of violations
Five local apartment complexes and one owner of multiple rental properties were accused of unreasonably consuming city, public, and law enforcement resources.
Update: Mo’s set for early June downtown return
Mo’s…A Place for Steaks will open in space on East Maryland Street vacated by Lorenzo’s Ristorante. The former Mo’s restaurant on South Pennsylvania Street underwent a name change last fall, leading to its return.
First Internet profit slides in first quarter
A big decline in income from mortgage banking, linked to the national slowdown in home refinancing, carved a chunk from earnings.