Cummins shares jump on 2-percent revenue boost
Shares of Columbus-based engine maker Cummins Inc. shot up 4 percent in Tuesday morning trading despite a reported 11-percent dip in profit for its second quarter.
IBJ Staff
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Gears slip for Allison Transmission in second quarter
Profit and revenue fell for Allison Transmission Holdings Inc. in its second quarter, as demand in its mining and military markets slipped.
Italian auto supplier adding nearly 100 Indy jobs
Reflex & Allen Group will add a tube-extrusion line.at a facility it opened near the former Indianapolis International Airport in March 2012.
Zotec Partners plans $200 million acquisition
Acquisition of Atlanta-based medical billing firm would zoom annual revenue at Carmel-based Zotec from $85 million to $215 million. The combined companies would employ 1,750 people.
Republic Airways earnings rise despite lower revenue
The Indianapolis-based company on Thursday reported quarterly earnings of $24.6 million, a 23-percent increase over the previous year. The earnings beat consensus analyst predictions by 4 cents per share.
SMALL BUSINESS
A bipartisan group of lawmakers formed to address the needs of small businesses will conduct a series of meetings across the state in August and September. The Small Business Caucus wants to meet business owners and discuss what government can do to help their operations grow. Caucus co-chairs are Reps. Terri Austin, D-Anderson, and Tom […]
Bidders lining up to build key I-69 leg
Five global financing and construction teams want to build the next stage of Interstate 69 from Bloomington to Martinsville.
Home Loan Bank taps CFO for top job
Cindy Konich is the new CEO of Federal Home Loan Bank of Indianapolis. She succeeds Milton J. Miller, 57, who retired July 1.
EDITORIAL: Marian’s bold act is inspirational
About a decade ago, when Marian University came up with the outlandish idea of starting a medical school, few imagined it would really happen.
NFP of NOTE: Rock Steady Boxing Inc.
Rock Steady Boxing maximizes the quality of life of people with Parkinson’s disease by using non-contact boxing to fight the deterioration of motor skills, balance, speech and sensory function.
Indy attracts more visitors than much-larger Houston
A comparison of convention and tourism cities.
Local engineering firm changing ownership
A group of executives has acquired majority ownership in HWC Engineering, the Indianapolis-based company announced Wednesday.
‘Turbo’ off to slower-than-expected start at box office
The Indianapolis-based IndyCar Series and open-wheel racing enthusiasts were hoping the movie would create a buzz about the sport, but interest has fallen short of expectations so far.
Former 59 news chief tangled in Asiana-pilot name blunder
Lee Rosenthal's California station reported incorrect—and racially insensitive—names of the plane’s flight crew. In a graphic, Rosenthal’s station listed names that actually were crude phonetic jokes.
Ogletree Deakins lands Littler Mendelson leader
Todd Nierman, a local lawyer who helped start the Indianapolis office of national firm Littler Mendelson PC, has jumped ship to competitor Ogletree Deakins Nash Smoak & Stewart PC.
Regulators suspend broker for not disclosing bankruptcy
FINRA fined Zionsville financial adviser Stephen W. Bracken $5,000 and barred him from affiliating with a member firm for three months.
PROXY CORNER: The Finish Line Inc.
Indianapolis-based The Finish Line Inc. is a specialty retailer of brand-name athletic and leisure footwear, activewear and accessories. The company operates 652 stores and manages the athletic-shoe inventory in 660 Macy’s stores. It also operates 38 specialty running stores in 11 states and Washington, D.C., under The Running Company banner.