Cummins sees 14-percent jump in quarterly profit
Revenue from overseas markets declined 6 percent from a year ago, but revenue from North America increased 17 percent as strong demand continued for commercial truck engines.
IBJ Staff
Articles
Allison Transmission beats expectations with higher profit
Allison Transmission Holdings Inc. on Monday reported a first-quarter profit that exceeded analyst expectations, but fell short of revenue predictions.
Pulte to buy remaining land in Village of WestClay, Lochaven
Between the two high-end communities in Carmel and Noblesville, Pulte Homes expects to be able to build on more than 200 home sites.
First Internet Bancorp reports record quarterly profit
It was the fourth straight quarter of earnings growth for First Internet, which passed the $1 billion mark in assets during the quarter.
Pence planning May trade mission to China
Pence will travel with a delegation of Hoosier business leaders to Beijing, Shanghai and Hangzhou, the capital city of Zhejiang Province, Indiana’s Chinese sister-state. The delegation plans to leave May 9 and return May 16.
IBJ wins national general excellence award, receives other honors
Judges wrote: “The IBJ’s innovation and moxie shot it to the top" of the general excellence category. They praised the depth and range of news stories as well as last September’s Interview Issue and its collection of “diverse and edgy” interviews.
Local financial firm charged in $15M Ponzi scheme
The Securities and Exchange Commission has filed a federal lawsuit against Indianapolis-based financial planning firm Veros Partners Inc., alleging it defrauded 80 investors of $15 million in 2013 and 2014.
Life sciences panel: Indiana making headway but needs more capital
The state has enjoyed success funding and building life sciences companies, and the new Indiana Biosciences Research Institute should give it a further boost, according to panelists Friday at IBJ's Life Sciences Power Breakfast.
PROXY CORNER: First Internet Bancorp
Indianapolis-based First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana.
Hampton Inn slated for Keystone at the Crossing
Construction on the 125-room hotel, part of PK Partners’ $80 million mixed-use development, should start later this year with an opening in 2016.
Carmel HR consulting firm plans expansion
Human resources consulting firm HRD Advisory Group LLC plans to expand its Carmel headquarters, adding 25 employees by the end of 2019, the company announced Tuesday night.
WISH-TV hires news director to replace departing Bray
Elbert Tucker, who spent much of his 30-year TV news career leading stations in Cincinnati and Columbus, Ohio, has been named news director, WISH-TV Channel 8 and sister station WNDY-TV Channel 23 announced Tuesday.
Economic development exec leaves Indy Chamber
Martin Vanags, who leads economic development efforts for the Indy Chamber, is moving on to a new position in upstate New York.
Not-for-Profit of Note
The Coalition for Homelessness Intervention and Prevention mobilizes, advocates and empowers community collaboration toward ending homelessness and fosters an effective system of homelessness prevention and intervention in the greater Indianapolis area. View full Not-for-Profit of Note feature
EDITORIAL: Justice center critics must follow through
Opponents of the controversial justice complex proposal pushed by Mayor Greg Ballard might have killed the project when the City-County Council’s Rules and Public Policy Committee voted against it April 14, but that victory shouldn’t be confused with solving the problem. The city is still burdened with inefficient, unsafe jails and courtrooms.
Area homebuilding interest shows March thaw
Builders filed 492 single-family permits in the nine-county metropolitan area last month, a 7-percent increase from the same time last year, the Builders Association of Indianapolis said.
Carmel financial adviser facing fraud charges
A Carmel financial adviser has been indicted by a federal grand jury on 66 criminal counts, including wire fraud, money laundering and securities fraud, the United States Attorney's office announced Wednesday.
Central Indiana home sales slip after two monthly gains
Transactions involving existing homes fell in March by 1.8 percent, after rising the first two months of the year.
Oesterle to step down as Angie’s List CEO
Bill Oesterle is leaving his job as CEO of Angie’s List Inc. after more than 16 years in the position, the Indianapolis-based company announced Wednesday morning.