CNO sees higher earnings, revenue in latest quarter
CNO Financial Group Inc. earned $78.1 million compared with profit of $77.1 million in the same period of 2013.
IBJ Staff
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Profit, revenue up for Cummins in latest quarter
Cummins Inc. said Monday that second-quarter profit jumped 7.7 percent on strong sales in North America. The results exceeded analyst expectations.
Hogsett takes position at Indianapolis law firm
U.S. attorney Joseph Hogsett, a rumored candidate for Indianapolis mayor, plans to join Bose McKinney & Evans on Aug. 1 as a partner in the litigation practice group.
NFP of NOTE: American Cabaret Theatre Inc.
American Cabaret Theatre elevates and promotes the cabaret art form by presenting the finest in professional cabaret performances and developing the next generation of cabaret artists.
Allison profit upshifts on North American demand
In its second quarter, the Indianapolis-based manufacturer of transmissions and propulsion systems rode accelerating sales for rugged-duty, student transport, and hydraulic fracturing equipment.
First Internet reports smaller quarterly profit
A slide in mortgage-banking income hurt earnings, but net-interest income, commercial loans, deposits and assets were all on the rise.
Angie’s List stock sinks on quarterly loss, downgrades
Shares in Angie’s List Inc. dropped as much as 24 percent and at least seven analysts downgraded the stock Thursday after the company reported a bigger-than-expected loss in the second quarter on Wednesday afternoon.
Simon profit jumps on improving occupancy, rents
The company reported a 20-percent increase in profit in the second quarter as occupancy in its malls climbed to 96.5 percent, prompting Simon to raise its guidance.
First Merchants acquires Noblesville-based bank
Muncie-based First Merchants Corp. has agreed to acquire Noblesville-based Community Bancshares Inc. for about $46 million in stock, the companies announced Tuesday.
Area home-construction permit filings tick up
Filings in the nine-county metro area have shown slight year-over-year improvement in four of this year’s six months.
Lowe’s plans massive local call center, sources say
Home improvement retail giant Lowe’s Companies Inc. plans to open a call center on the northwest side of Indianapolis that could employ as many as 1,000 workers, sources familiar with the deal said Monday.
Indiana adds jobs, but unemployment inches up
The state added 17,400 jobs to employer rolls in June, including a 7,400-worker boost in the government sectors. But a bump in residents returning to the labor force increased the unemployment rate.
PROXY CORNER: Vectren Corp.
Evansville-based Vectren Corp. provides electricity and natural gas to residential, commercial, industrial and other contract customers in Indiana and Ohio.
Spec distribution center fully leased in Anson
A joint venture between developers Browning Investments Inc. and Duke Realty Corp. announced July 15 that Chattanoogo Tenn.-based Kenco, a third-party logistics provider, has taken the remaining 257,000 square feet.
EDITORIAL: Hogsett could spark debate
Joe Hogsett’s July 14 announcement that he’ll step down as U.S. attorney for the Southern District of Indiana at the end of the month renewed speculation that he will run for mayor of Indianapolis next year. And to that prospect we can only say, bring it on
Cummins to pick from New York firms to design downtown offices
Cummins Inc. plans to pick a proposal from one of three New York-based architecture firms vying to design its global distribution headquarters downtown.