Local liquor chain buys four stores in Kentucky
United Package Liquors’ purchase of Bowling Green locations could be start of larger company expansion, CEO and president
says.
IBJ Staff
Articles
Bren Simon makes $21M California land purchase
The Ventura County properties include 100 acres in Hidden Valley, near Thousand Oaks, The Wall Street Journal said.
Two lots have homes and the third is used for livestock operations.
I-69 connection staying put, even with higher costs
Some have suggested moving it west, through less-populated Morgan County, to tie into Interstate 70 near Indianapolis International
Airport.
EDITORIAL: Executive pay policies, not salaries, need reform
In the wake of a recession blamed largely on Wall Street, boards need to act. But reducing executive pay shouldn’t
be their primary objective.
Girl Scouts of Central Indiana moving to new headquarters
CEO Deborah Hearn Smith said the move will eventually bring a cost savings, but it has other benefits.
PROXY CORNER: Simon Property Group Inc.
Simon Property Group Inc. is a real estate investment trust that owns, operates, manages, leases and develops regional malls and community shopping centers.
Finish Line co-founder retiring as chairman
Alan Cohen will be succeeded by Glenn Lyon, who will retain his position as CEO.
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.
Hat World to acquire Sports Avenue stores
Locally based Hat World has agreed to acquire the assets of Sports Avenue, an Illinois-based competitor that operates 46 retail
stores and 13 branded e-commerce sites. Terms of the deal where not disclosed.
Football coaches’ group to convene in Indianapolis
The four-day events in 2014 and 2019 are expected to draw about 7,000 attendees each and fill a total of more than 20,000
room nights, likely ranking among the city’s 25 largest conventions each year.
Local firm to manage city’s infrastructure initiative
American Structurepoint has been tapped by the Department of Public Works as program manager for the city’s “RebuildIndy”
infrastructure-improvement initiative.
AMC sells Greenwood theater to Regal Entertainment
AMC divested the property in order to proceed with its $275 million deal to buy 93 theaters operated by Kerasotes Showplace
Theatres.
Northstar Aerospace closing Anderson plant
The Anderson plant, which opened in 2006 and makes aircraft parts, has about 40 employees.
Business bank reports first-quarter loss
Indiana Business Bancorp lost $519,043 in the first quarter compared with a profit of $32,252 during the same period a year
ago.
City hosting U.S.-China vehicle summit
Event will bring together a delegation of Chinese automakers and Indiana manufacturers to explore business opportunities relating
to hybrid and electric vehicles.
State unemployment rate climbs back to 10 percent
Indiana unemployment figure hits double digits in April for the first time since September, showing how volatile the job market
remains.
State opens 2nd biz-development office in China
Zhejiang Province office will be Indiana Economic Development Corp.’s seventh international location.
EDITORIAL: Business strength benefits city
The recession is dragging on, unemployment remains above 9 percent, and Lilly is chopping its way through 5,500 layoffs.
Business bummers abound. But it’s not all bad news.