Indiana State Teachers Association loses executive director
Indiana State Teachers Association Executive Director Brenda Pike plans to resign after six years at the job to take the same position at the troubled Alabama Education Association.
IBJ Staff and Associated Press
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Finish Line reports strong quarter, soft outlook
The Indianapolis-based retailer of athletic apparel turned in quarterly earnings that beat analyst expectations, but the price of company shares quickly dropped Thursday on weak earnings guidance.
Coats joins growing list of public officials backing Rubio
The Republican senator from Indiana echoed comments from other lawmakers who are sticking closely to the message that Rubio can unite the party.
KAR announces $283M acquisition, quarterly profit
KAR Auction Services Inc. on Wednesday reported slightly lower quarterly earnings that missed analyst expectations. It also said it plans to buy a group of eight auctions in Idaho, Oregon, Nevada, Utah and California.
Indiana expected to receive $5B in federal highway funds
Congress has dedicated the money to Indiana roads and bridges as part of a 5-year, $281 billion compromise over transportation spending. The measure also includes $500 million for public transit in Indiana.
UPDATE: Senate Republicans unveil draft of LGBT rights bill
The proposal comes as a new poll finds that most Indiana voters support adding sexual orientation and gender identity to Indiana’s civil rights law.
HHGregg misses expectations with quarterly loss
The Indianapolis-based appliance and electronics retailer on Thursday reported a loss of $10.1 million on shrinking sales.
Stonegate Mortgage’s third-quarter loss more than expected
The Indianapolis-based non-bank mortgage company took a loss of $22.8 million in the third quarter as revenue fell 45 percent from a year ago.
KAR reports jump in third-quarter profit, revenue
Carmel-based KAR Auction Services Inc.’s earnings fell slightly short of analyst expectations in the third period, but its revenue exceeded predictions.
Allison tops expectations with quarterly results
Allison Transmission Holdings Inc. on Monday reported shrinking revenue and profit in the third quarter, but the results still topped analyst predictions.
Anti-discrimination ordinance moves forward in Carmel
A proposal that would ban discrimination based on sexual orientation and gender identity is set to go before the full Carmel City Council on Monday.
Fogle attorney: Jared taking responsibility for ‘deplorable behavior’
The attorney for Jared Fogle said the former Subway pitchman was accepting responsibility for “his deplorable behavior” as he agreed Wednesday in federal court to plead guilty to paying for sex acts with minors and receiving child pornography.
Illinois company to expand into Indiana, create 500 jobs
Hoist Liftruck Mfg. Inc., which is based in the Chicago suburb of Bedford Park, plans to spend more than $40 million to set up manufacturing operations in East Chicago.
Glenda Ritz drops out of race for Indiana governor
Indiana Superintendent of Public Instruction Glenda Ritz announced Friday afternoon that she will instead seek re-election for her current position.
Allison’s sales, profit fall on lower global demand
Allison Transmission Holdings Inc. saw revenue and sales slip in the second quarter as global demand for its products waned, the Indianapolis-based manufacturer announced late Monday.
UPDATE: Subway says raid likely linked to employee probe
Law enforcement officers raided the Zionsville home of Subway restaurants pitchman Jared Fogle on Tuesday morning. The raid follows the recent arrest of Jared Foundation director Russell Taylor on child porn charges.
Republic Airways reports higher profit, revenue
Republic Airways Holdings Inc. on Thursday reported first-quarter profit of $6.4 million, down 54 percent from the $14 million it made in the same period a year ago.
Stonegate Mortgage quarterly results top expectations
Stonegate Mortgage Corp. reported quarterly earnings that exceeded analyst expectations Wednesday, but its revenue fell well short of predictions.
KAR Auction’s quarterly earnings meet expectations
Carmel-based KAR Auction Services Inc. met Wall Street expectations with its first quarter earnings report Tuesday despite bringing in slightly less revenue than predicted.
Old National profit slips on merger, consolidation costs
The Indiana-based bank holding company’s quarterly earnings met analyst expectations, but revenue fell slightly short of predictions.