HHGregg growing too fast?
The fast-growing locally based electronics retailer HHGregg Inc. has seen its stock price rocket more than 80 percent this year as it moves to take advantage of the bankruptcy liquidation of rival Circuit City.
IBJ Staff
Articles
EDITORIAL: Susan Bayh’s tangled web puts cloud over senator husband
Corporate boards need more women, but not people such as Susan Bayh, wife of Sen. Evan Bayh. It’s not
that she isn’t up to the task. The former attorney at Eli Lilly and Co. and visiting professor at Butler University
is by all accounts capable. So we’re not surprised she regularly receives invitations to serve on boards. But
we are surprised she accepts.
Investments propel Baldwin & Lyons profit
Baldwin & Lyons Inc. said today that its profit last quarter was the second-highest in company history, as investment
gains from recovering equity markets helped boost performance.
Duke Realty suffers second-quarter loss
Indianapolis-based Duke Realty Corp. late yesterday posted a 32-percent drop in its second-quarter funds from operations,
a key performance measure for real estate investment trusts.
Muncie manufacturer Duffy calling it quits
Duffy Tool & Stamping LLC in Muncie has notified the Indiana Department of Workforce Development
that the company will close its plant by the end of October. Roughly 130 workers will lose their jobs as a result
of the closure, Duffy said in its July 27 filing.
Cummins’ stock rises despite lower revenue, profit
Cummins Inc.’s stock jumped more than 6 percent in morning trading after its quarterly results
beat analyst estimates.
Investments propel Baldwin & Lyons profit
Baldwin & Lyons Inc. said today that its profit last quarter was the second-highest in company
history, as investment gains from recovering equity markets helped boost performance.
Duke Realty suffers second-quarter loss-WEB ONLY
Indianapolis-based Duke Realty Corp. late yesterday posted a 32-percent drop in its second-quarter funds from operations, a key performance measure for real estate investment trusts. The office, industrial and health care developer reported FFO of $61.6 million, or 29 cents per share, compared with $91.1 million, or 59 cents a share, from the same time […]
Cummins’ quarterly revenue, profit slide-WEB ONLY
Cummins Inc. today reported dramatically lower revenue and profit in the second quarter compared to the same period a year ago. Quarterly revenue at the Columbus-based engine maker fell 37 percent, from $3.9 billion a year ago to $2.4 billion this year. Profit was $56 million, or 28 cents a share, down from $293 million, […]
Finish Line extends 500 Festival relationship
Indianapolis-based Finish Line Inc. has signed a multi-year agreement to extend its title sponsorship
of the 500 Festival’s 5K race held each May, officials announced today.
Carbon Motors chooses Connersville
Carbon Motors this morning officially selected Connersville for its proposed headquarters and manufacturing operations.
UPDATE: Carbon Motors chooses Indiana
Carbon Motors this morning officially selected Connersville for its proposed headquarters and
manufacturing operations.
Daniels plans Chinese trade delegation-WEB ONLY
Gov. Mitch Daniels is going to China. This afternoon, Daniels announced he’ll lead his first-ever trade delegation to the Asian nation. He’ll be joined on the Sept.5-16 trip by Hoosier business leaders and Indiana Secretary of Commerce Mitch Roob. An Indiana governor hasn’t visited China in more than a decade. Daniels will visit Shanghai as […]
Stant Corp. files for bankruptcy protection-WEB ONLY
Stant Corp., a 111-year-old manufacturing firm based in Connersville, filed for Chapter 11 bankruptcy protection yesterday, according to Bloomberg News. Stant, the world’s top maker of automotive fuel, oil and radiator caps, was one of Indiana’s 20 largest public companies in the mid-1990s, with annual sales exceeding $600 million, before it was acquired by United […]
FDIC expense trims German American’s profit-WEB ONLY
Jasper-based German American Bancorp this morning reported second quarter profit of $2.8 million on $19.7 million in revenue. That compares to a profit of $3.1 million on $21.3 million in revenue during the same period a year ago. German American Bancorp CEO Mark Schroeder attributed most of the decline in profit to increased deposit insurance […]
Auto parts supplier closing plant in Lowell-WEB ONLY
Rieter Automotive North America Inc. plans to close its manufacturing plant in Lowell by the end of the year, leaving 130 employees jobless. The Farmington Hills, Mich.-based company informed the Indiana Department of Workforce Development on July 23 of its intentions to close the factory in Lake County in northwest Indiana. Rieter Automotive, a subsidiary […]
INDOT hires executive to manage Interstate 69 extension
Cost management was the operative phrase in the introduction this month of a highway executive to manage the Interstate
69 extension to Evansville.
ICVA hires White Lodging vet for sales position
Hotel sales and marketing executive Michelle Travis is joining the Indianapolis Convention & Visitors Association
as vice president of sales.
Ambrosia to open downtown restaurant in former BadaBoomz site
The owner of the popular Broad Ripple Italian restaurant Ambrosia plans to open a location downtown on the first floor of the Hampton Inn along Maryland Street.
Second Helpings replaces gala with ‘Harvest at Home’ event
Second Helpings has moved its fundraiser to its near east-side food pantry and slashed prices in recognition of the economic
climate.