Interactive Intelligence posts lower profit on higher revenue
Interactive Intelligence Group Inc. reported a 67-percent drop in profit on higher revenue as orders grew significantly in the third quarter.
IBJ Staff
Articles
Interstate 69 extension under budget, set to open
The 67-mile stretch of Interstate 69 connects communities from just northeast of Evansville at Interstate 64 to the U.S. 231 interchange near the Crane Naval Surface Warfare Center.
NFP of NOTE: Partnerships for Lawrence
Partnerships for Lawrence, aka the Lawrence Art Center, is a champion for the arts in Lawrence.
Candidates for governor respond to open government survey
The survey by the Indiana Coalition for Open Government was the first since 2004.
Speech recognition technology firm gets cash infusion
Waveform Communications LLC got its second round of funding for research and development.
EDITORIAL: IndyCar board overreacted
The board’s dismissal of CEO Randy Bernard seemed to cut a change agent off at the knees, and that could come back to haunt them.
Lids buying 12 stores from Florida-based Fanatics chain
The purchase includes nine FansEdge locations in the Chicago area and one in Oklahoma, in addition to two Football Fanatics stores in Jacksonville, Fla.
Duke loss narrows, quarter meets expectations
Indianapolis-based Duke Realty Corp. on Wednesday reported a third-quarter loss of $28.2 million, smaller than a loss of $32 million in the same quarter of 2011.
PulteGroup plans new neighborhood in Anson
PulteGroup Inc. has purchased 24 acres in the Anson development near Whitestown in Boone County and plans to build 36 homes. Long-range plans call for 255 homes on 145 acres.
Baldwin & Lyons profits rise on fewer storm losses
Indianapolis-based Baldwin & Lyons Inc. continues to improve on its 2011 results, recording after-tax profit of $11.7 million, or 78 cents a share, for the third quarter.
Republic Airways profit jumps on Frontier restructuring
Third quarter earnings at Republic Airways Holdings Inc. soared 186 percent over a year ago in the wake of restructuring its Frontier Airlines unit, the Indianapolis-based company announced late Wednesday.
Local lawyer appointed federal bankruptcy judge
James M. Carr of the Indianapolis law firm Faegre Baker Daniels LLP has been appointed to a 14-year term effective Jan. 1. His selection follows the recent appointment of Marion Superior Court Judge Robyn Moberly.
St. Elmo to be featured on cable television show
“Drinking Made Easy” traveled to Indianapolis to sample several of the city’s hotspots and their cocktails. The episode airs Wednesday night on cable network AXS TV.
Calumet’s sales, profit boom after acquisitions
Calumet Specialty Products Partners LP’s profit more than doubled in the third quarter, helped by huge gains in the fuel-products side of its business following several acquisitions.
Cummins posts lower quarterly profit, revenue
The Columbus-based manufacturer of diesel engines reported profit of $352 million, or $1.86 per share, compared with $452 million, or $2.35 per share, in the year-ago period.
Japanese car supplier plans to add 60 workers in Greensburg
Hitachi Powdered Metals (USA) Inc.said it will invest $38.4 million to build and equip a second facility on its 30-acre campus in Decatur County.
MacAllister Machinery expanding in southwest Indiana
Indianapolis-based MacAllister Machinery Co. Inc. said it will spend nearly $9 million to expand its Daviess Count facility and create up to 61 jobs by 2016.
CNO Financial earnings fall on recapitalization charge
Carmel-based CNO Financial Group on Monday reported a third-quarter loss of $5 million compared to a $179.5 million profit in the third quarter of 2011.