Scott Olson

Second-quarter profit for Old National Bancorp fell 50 percent from the same period a year ago, but the company still managed to exceed analysts’ expectations. The Evansville-based parent of Old National Bank this morning announced profit of $9.6 million, or 15 cents per share, beating analysts’ estimates by 9 cents. Revenue of $111.9 million was […]

HHGregg Inc. said this morning it projects fiscal first-quarter profit to beat analyst expectations despite shrinking revenue and a sharp decline in same-store sales. The Indianapolis-based appliance and electronics retail chain also announced plans today to sell at least 3 million additional shares of its common stock at a to-be-determined price. For the quarter ended […]

Wireless device distributor Brightpoint Inc. said today it has priced 15 million shares of a previously announced stock offering at $5 each. The pricing follows the Indianapolis-based company’s announcement Monday that shareholder NC Telecom Holding A/S would sell 15 million common shares in a public offering. NC Telecom is the entity that owned Denmark-based Dangaard […]

Brightpoint Inc. announced this morning that shareholder NC Telecom Holding A/S would sell 15 million common shares in a public offering. An offering price was not disclosed. NC Telecom is the entity that owned Denmark-based Dangaard Telecom before Brightpoint bought it in August 2007 for $385 million in stock and the assumption of $350 million […]

Ivy Tech Community College President Tom Snyder is one of 13 candidates being considered for the position of chancellor of the State University System of Florida. A search committee will meet Monday to select candidates to be interviewed July 17. A recommendation from the committee and an appointment by the system’s Board of Governors is […]

Cincinnati-based Fifth Third Bank yesterday named Nancy Huber president and CEO of its central Indiana operations in Indianapolis. Huber replaces John Pelizzari, who had held the position since 2006. He announced his retirement from the bank in June after working for the company for more than 30 years. With 726 local employees, Fifth Third Bank […]

HHGregg Inc. said this morning that the bankruptcy of competitor Circuit City should enable the company to open more stores within the next few years than previously expected. The Indianapolis-based electronics and appliances retailer now plans to open between 20 and 22 stores in fiscal 2010, which began March 31, up from previous estimates of […]

As one of the city’s most prominent minority business owners, Bill Mays built his chemical distributorship largely on the backs of domestic automakers. In 1980,when he founded Mays Chemical Co. Inc., the Big Three accounted for nearly 75 percent of all new-car sales. But that number has dwindled to less than half of all new […]

Cincinnati-based First Financial Bancorp is expanding its Indianapolis-area presence by buying three bank branches and $200 million in loans from troubled Irwin Financial Corp. in Columbus. First Financial, the parent of First Financial Bank, said yesterday it is buying branches in Carmel, Greensburg and Shelbyville. The acquisition includes about $143 million in deposits and $50 […]