Speech recognition technology firm gets cash infusion
Waveform Communications LLC got its second round of funding for research and development.
IBJ Staff
Articles
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.
Allison lowers outlook after profit slides 17 percent
Allison Transmission Holdings Inc.’s profit dropped 17 percent in the third quarter after sales slid 14 percent.
Florida payroll provider moving to Indianapolis, adding 59 jobs
Beyond Payroll LLC, which said it will add the jobs by 2106, is leasing 2,000 square feet of space in the downtown Stutz Building.
PROXY CORNER: Shoe Carnival Inc.
Evansville-based Shoe Carnival Inc. operates 345 shoe stores in 32 states and Puerto Rico, in addition to selling through its website, shoecarnival.com.
Container makers want to restore fizz to state’s recycling fund
The money, long ago diverted by Gov. Daniels to the state’s general fund, would help reduce landfill waste and lower manufacturing costs.