Cummins’ shares tumble despite better-than-expected quarter
The Indiana-based engine manufacturer reported a 21 percent jump in revenue, to $5.57 billion.
IBJ Staff and Associated Press
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Allison Transmission beats expectations in first quarter
The Indianapolis-based transmission manufacturer reported higher-than-expected revenue and profit in the latest period.
Simon Property shares rise on better-than-expected earnings report
Shopping center giant Simon Property Group Inc. on Friday reported a strong first quarter that exceeded analyst predictions.
Duke Realty reports stronger-than-expected first quarter
The Indianapolis-based real estate investment trust exceeded analyst expectations for revenue and funds from operations.
Finish Line shares sink after retailer falls short in key metric
Shares in Finish Line Inc.—which this week agreed to be acquired by British retailer JD Sports Fashion Plc for $558 million—tumbled Thursday morning after the Indianapolis-based retailer reported a sharp quarterly decline in same-store sales.
KAR sees profit soar on higher revenue, tax benefits
Carmel-based KAR Auction Services Inc. saw profit and revenue jump in the fourth quarter, topping Wall Street expectations in both categories.
Allison Transmission reports big jumps in profit, revenue
The Indianapolis-based manufacturer exceeded Wall Street expectations in both earnings and sales in the latest quarter.
Fishers set to pay $15.7M to take over Geist property for park
The new price was determined in an eminent domain proceeding after owners turned down a much smaller offer for the 70-acre property.
McDaniels staying in New England, won’t become Colts head coach
The Colts had scheduled a press conference for Wednesday to announce Josh McDaniels' hiring.
Cummins reports strong quarterly sales growth
The Columbus-based engine maker saw fourth-quarter sales jump 22 percent, but it ended up posting a loss because of charges related to tax reform.
Officials say city’s selection as Amazon HQ2 finalist already a victory
Local government officials and economic development experts expressed excitement Thursday about the selection of Indianapolis as a finalist for Amazon’s second headquarters, while acknowledging there’s a long way to go to land the grand prize.
Sears Holdings to close 103 stores, including local Kmart
The local store closure will leave Indianapolis with just one remaining Kmart.
Latest round of Macy’s closures claims one store in Indiana
Department store chain Macy’s Inc. announced plans Thursday morning to close seven more stores nationally, including one in Indiana.
Colts fire Pagano after six seasons as head coach
Head Coach Chuck Pagano finished with a 56-46 overall record after joining the Colts in 2012, but the team has missed the postseason for the past three seasons.
Powerful state senator resigns to take D.C. law job
Republican Brandt Hershman, chairman of the Senate Tax and Fiscal Policy Committee, says he will be joining Barnes & Thornburg’s Washington D.C. office.
Report shows state tourism has increasing economic impact
A report released Monday by the Indiana Office of Tourism Development says travel, tourism and hospitality generated a record $2.9 billion in taxes in 2016, up 5.6 percent from 2015.
USA Gymnastics hires sports marketing exec as CEO
Kerry J. Perry takes over for Steve Penny, who resigned in mid-March amid intensifying pressure on the organization for its handling of sex abuse cases.
Duke Realty sees third-quarter rise in revenue, earnings
Duke Realty Corp. slightly exceeded analyst expectations on one financial performance measure in the third quarter while barely missing on another.
State unemployment rate edges up after almost hitting record low
The U.S. Labor Department said unemployment rates were relatively stable in most states in July.
KAR tops expectations with latest quarterly results
The company on Thursday announced the launch of an operating segment called KAR Remarketing Services.