Shares in Interactive Intelligence Group Inc. jumped nearly 20 percent Friday after Reuters reported that the Indianapolis-based software firm was exploring “strategic alternatives,” including a potential sale.
Kite Realty Group Trust lost money in the second quarter but beat analyst expectations when it came to revenue and funds from operations.
Lilly tends to pull off these transitions with a minimum of drama, which is to its credit, thanks to its meticulous CEO succession planning and the board’s preference in recent decades for internal candidates who already know the Lilly way.
City approval of the design paves the way for TWG Development LLC to begin construction this fall on the downtown project at 307 N. Pennsylvania St.
Dow Chemical Co. saw profit surge in the second quarter. But revenue and earnings declined at Dow AgroSciences, the Indianapolis-based division that has about 1,500 area employees.
Allison Transmission posted revenue of $474.9 million in the period, down from $511 million last year.
Duke Realty Corp. on Wednesday reported a smaller profit on slightly more revenue in the second quarter, along with key performance results that met analyst expectations.
Frieburg Indianapolis-based Salin Bank and Trust Co. appointed John L. Frieburg III, the former Indianapolis market president for BMO Harris Bank, as its executive vice president and chief credit officer. The bank said Frieburg is responsible for all functions of its credit administration and loan compliance. Frieburg served as president of Harris Bank Huntley from […]
Columbus-based Centra Credit Union, one of the largest Indiana-based credit unions, announced in late June that it named Rick Silvers as CEO.
The bank said it plans to use the $23 million it raised to fund organic growth, possible acquisitions and other corporate purposes.
Teresa Sabatine’s role will be to position Indianapolis as a production-friendly city for TV commercials, TV shows, corporate training videos and movies.
The mall owner said funds from operations, a key performance measure, remained flat, but they beat analyst estimates by a penny.
Analysts have speculated Anthem and Cigna would part ways in the wake of a lawsuit the Department of Justice’s Department’s antitrust division filed last week seeking to block the deal.
John Lechleiter has been the company’s CEO since 2008. The announcement Wednesday morning of his retirement comes one day after the firm announced strong revenue and profit for its second quarter, indicating that Lechleiter’s initiatives have paid off.
Existing-home sales in central Indiana increased 5.4 percent in June and the average price rose to $203,913.
CEO John Lechleiter said the company's strong R&D pipeline has put it on track to report average annual revenue growth of at least 5 percent through the remainder of the decade.
Indiana was able to achieve the surplus despite missing its forecast for revenue growth by $111.3 million.
Investigators said Alfred Talens used money from a wealth management client to pay living expenses, rather than to invest in the Indianapolis-based audio and video business.
Carmel Mayor Jim Brainard on Monday said he’d rather stay in his current job than run for the 5th Congressional District. The Republican ballot opened up earlier this month, and Brainard told IBJ he was considering it.
