Cummins tops expectations despite lower profit, sales
Engine manufacturer Cummins Inc. on Tuesday reported lower profit and revenue in the second quarter, but the results exceeded Wall Street expectations.
IBJ Staff
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Celadon reports big jump in earnings on higher revenue
The Indianapolis-based trucking firm on Monday said earnings rose 63 percent, to $9 million, in the fiscal fourth quarter. Quarterly revenue rose 4 percent, to $157.5 million.
Allison reports $413M quarterly profit, but lowers forecast
Allison Transmission Inc. on Monday reported earnings of nearly $413 million in the second quarter after losing $17.2 million in the same period a year ago. The Indianapolis-based manufacturer cut its full-year sales-growth forecast.
Old National reports higher profit, revenue
Loan growth in the consumer and real estate sectors helped Evansville-based Old National Bancorp report higher profit and revenue in the second quarter, the company said Monday morning.
Employee benefits firm plans Indianapolis expansion
Apex Benefits Group plans to invest $1 million and add 25 jobs paying an average of $44 an hour.
Sallie Mae plans to add 200 jobs in Muncie
The jobs are part of a $5 million expansion in which the company will add 20,200 square feet of space to its offices in Muncie. When finished next summer, the 75,000-square-foot facility will house 900 employees.
EDITORIAL: City needs to raise bar for project design
It’s puzzling that Indianapolis doesn’t demand more of those who shape its built environment.
IPL agrees to buy solar power from Sunrise Energy Ventures
The Minnesota-based firm plans to generate the power at three, 10-megawatt sites in IPL’s service territory.
Mega-warehouse technology subject of Aug. 1 expo
The Indy Warehouse Automation Expo will showcase new generation of scanners, cameras and radio frequency ID technology.
Treasury gives TARP banks more time to consider their options
Banks now have until October to avoid having preferred shares auctioned by federal government.
Bennett rakes in record cash in education race
Reform-minded Superintendent of Public Instruction draws contributions from across the country.
NFP of NOTE: Trusted Mentors
Trusted Mentors uses the power of mentoring to help adults establish stable lives by reducing the chaos brought about by poverty, homelessness, underemployment and the effects of incarceration.
Former state senator Clark picked to lead law firm
J. Murray Clark takes over at Faegre Baker Daniels LLP for Jacqueline Simmons, who became general counsel of Indiana University on July 1. Clark is former chairman of the Indiana Republican Party and served as a state senator for 11 years.
Dow Agro sales surge to record in second quarter
The Indianapolis-based division of Dow Chemical Co. posted record second quarter sales of $1.7 billion, up 12 percent from the year-ago period, due to a small increase in prices and the introduction of new products.
Duke takes smaller loss despite falling revenue
Indianapolis-based Duke Realty Corp. on Wednesday reported a second-quarter loss of $28.5 million, slightly smaller than a loss of $29 million in the same quarter of 2011.
CNO Financial reports big earnings gain on higher sales
Earnings at Carmel-based CNO Financial Group Inc. jumped 42 percent in the second quarter on higher sales of its insurance products, the company announced Wednesday afternoon.
Angie’s List shares plunge after wider quarterly loss
Angie's List Inc. saw revenue jump 74 percent in the second quarter, but the Indianapolis-based contractor-ratings service continued to see growing losses as the result of higher marketing expenses. The company’s stock fell more than 10 percent Thursday.
Committee passes domestic partner benefits proposal
The plan to offer health-care benefits to domestic partners of Indianapolis city workers passed a City-County Council committee by a 7-0 vote on Tuesday. The full council could consider the measure as early as Aug. 13.