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.
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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.
CEO Smulyan gets OK to take Emmis private
Emmis Communications Corp. agreed to be acquired for about $90 million by closely held JS Acquisition LLC, a company formed
by Emmis CEO Jeff Smulyan.
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.
Simon plans to rejoin retail leasing event
Simon Property Group Inc. plans to rejoin the giant leasing mall at the annual ICSC convention in Las Vegas, where 25 percent
of the nation’s retail lease deals are consummated.
Lilly spent $2.3M lobbying in first quarter
Indianapolis-based Eli Lilly and Co. spent about $2.3 million in the first quarter of 2010 lobbying the federal government
on health care reform, Medicare reimbursement and trade issues among other topics.
Soft Landing: Pay slipped for most execs in 2009, but cuts weren’t deep
Top executives at Indiana's public companies have largely been insulated from the economic crash. IBJ's
review of executive pay found that, although 131 of the 238 executives listed in proxy statements the past two years saw annual
compensation fall in 2009, only 10 experienced cuts of more than $1 million.
Big stock run-up puts pressure on HHGregg to deliver
High expectations already are baked into HHGregg Inc.’s stock price, which has doubled since last May. A disappointment could
spawn a sell-off.
Jobless claims rise by largest amount in 3 months
Applications for unemployment benefits rose to 471,000 last week, up by 25,000 from the previous week, the Labor Department
said Thursday. It was the first increase in five weeks and the biggest jump since a gain of 40,000 in February.
UPDATE: Arcadia confirms major growth plans
Arcadia Resources Inc. is planning a $3.9 million expansion of its Indianapolis headquarters and pharmacy operations, the
company said Thursday morning, confirming that it plans to add as many as 930 jobs by 2013.
Arcadia Resources says it will add 930 jobs
Executives of the health care services provider will be joined by Gov. Mitch Daniels and Mayor Greg Ballard for a Thursday
morning announcement at the company's headquarters.
Bioanalytical Systems reports loss in second quarter
Bioanalytical Systems Inc. narrowed its losses in the second fiscal quarter despite a 2 percent drop in revenue, the West
Lafayette-based contract research firm said late last week.
Bioanalytical Systems names new chief executive
West Lafayette-based Bioanalytical Systems Inc. has promoted Anthony S. Chilton to CEO following the retirement of top executive
Richard M. Shepperd earlier this year.
Unorthodox pay package puts Biglari on defensive
Sardar Biglari, chairman and CEO of Biglari Holdings Inc., the Texas-based parent of Steak n Shake, rolled out a hedge-fund-style
compensation plan for himself late last month that could put staggering sums in his pocket.
Shoe Carnival bumps up forecast after sales increase
Shoe Carnival Inc.'s first-quarter sales grew more than 13 percent, to $189.5 million.
Braly, Obama spar again over WellPoint cancellation policies
CEO of Indianapolis-based health insurer wrote to Obama on Sunday to rebut the president’s criticism that WellPoint seeks
out breast cancer patients to cancel their policies.
Finish Master profit slides
Recession aftermath continued taking a toll on sales of paint for auto repairs.
Noble Roman’s reports lower profit, revenue
Indianapolis-based pizza and sub chain saw a decline in royalties and ongoing fees from franchisees in the first quarter.
Kite reports first-quarter loss on lower revenue
Developer’s $1.1 million loss in the first quarter reflected lower construction activity and lower gains on land and outlet
sales.
Adesa parent increases revenue, profit
Carmel-based KAR Auction Services Inc. on Wednesday reported a first-quarter profit of $8.1 million, reversing a $3.5 million
loss in the same period last year.