HHGregg’s profit, revenue rise, but same-store sales fall
Indianapolis-based HHGregg boosted its fourth-quarter profit thanks to 42 stores that opened during 2010, off-setting decreased sales at retail locations operating for more than a year.
IBJ Staff
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Merrillville-based bank targets Carmel
Centier Bank, a financial firm with 45 branches in northwest Indiana, has opened a business banking office in Carmel and is considering future expansion in the Indianapolis-area market.
Auburn auction school acquired, moving to Indianapolis
Auctioneer Melissa Davis and her father, Jack Christy, owner of Christy’s of Indiana Inc., have purchased the 90-year-old Reppert Auction School and are relocating it to Indianapolis.
State’s jobless rate falls again, to 8.2 percent
Despite a decrease in private sector jobs, Indiana’s unemployment rate in April dropped 0.3 percentage points, to 8.2 percent, the lowest it’s been since December 2008.
Report: Southwestern Indiana a broadband backwater
Federal data shows no more than 20 percent of residents in Gibson County have basic broadband Internet service.
MZD signs agency deal with Lucas Oil Raceway
Firm will handle advertising, marketing and digital promotions for the track formerly known as Indianapolis Raceway Park.
Ener1 stock takes beating after Think write-down
The battery maker has been hurt by slow sales of electric car manufactured in Elkhart.
Grameen Bank to open Indianapolis branch
City would become third U.S. location for lender that makes small business microloans to the poor.
IMS centennial celebration boosts sales, revenue
IMS CEO Jeff Belskus tells IBJ that ticket sales for the race are the best they've been in five years.
NFP of NOTE: IndyCar Ministry
The IndyCar Ministry is a nondenominational Christian organization, which was developed to pastor the racing community.
EDITORIAL: Smart growth likely result of Zionsville battle
Zionsville’s family feud over commercial real estate development has stirred passions among people who seem to agree, at least outwardly, on one point: The town’s growth should be managed to preserve its quality of life.
Best Buy closing Franklin warehouse; 301 jobs lost
The Minneapolis-based appliance and electronics retailer plans to close the facility by the end of March. Employees will be terminated in phases beginning in July.
Riley Hospital CEO resigns
Dan Fink, who joined Riley Hospital for Children nearly six years ago, will depart Friday. Marilyn Cox will serve as interim president and CEO while Riley conducts a national search for a new leader.
City proposes stricter towing rules
A proposed ordinance would crack down on “predatory” towing practices by requiring tow-truck operators to adhere to several rules meant to protect consumers.
Fortune turns profit in first quarter on higher revenue
The Indianapolis-based professional employer organization reported a profit of $265,000 in the first quarter after posting a loss of $426,000 in the same three months last year.
Butler provost named university’s interim president
Jamie Comstock will serve as temporary leader from June 1 to Aug. 1, as Butler University makes the transition between outgoing President Bobby Fong and President-elect James Danko.
Area home-building activity shows April uptick
In the nine-county area, the number of building permits filed in April climbed to 361, an increase of 10 percent from the same month in 2010.
Area home sales slump for 12th straight month
Indianapolis-area home-sale agreements fell 36.4 percent in April compared to the same month last year, marking 12 consecutive months in which year-over-year sales have fallen.