Cummins’ profit more than doubles in first quarter
The Columbus, Ind.-based engine maker reported first-quarter profit of $343 million amid continued strength in key international markets and a recovery in the North American truck market.
IBJ Staff
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Profit, revenue up at Interactive Intelligence
The Indianapolis business-communications software firm on Monday reported revenue of $47.7 million in the quarter ended March 31, up 36 percent from the same period last year. Profit was $3.1 million.
ExactTarget attracts another $30M in venture capital
The Indianapolis tech company said it will use the funding to make key acquisitions, expand in new and existing markets, and accelerate development of its interactive marketing technology.
Fishers money manager granted continuance
A Hamilton County judge agreed to delay a court hearing scheduled for Monday morning involving money manager Keenan Hauke, who is being investigated for financial irregularities involving a hedge fund he operates.
Dorson resigns from chamber post
Roland Dorson, president of the Greater Indianapolis Chamber of Commerce since 1996, resigned Friday. He had taken a leave of absence earlier in the month.
Indy Chamber will award cash prizes to businesses that tell of challenges overcome
A panel of judges, including Hoosier native, former NBA player and entrepreneur Jon McGlockin, will select three winning entries.
Work begins on new U.S. 31 interchange
The project is part of a larger effort to upgrade the road to interstate standards.
Ten sponsors are signed for IndyCar’s Baltimore race
The inaugural race in Maryland is Sept. 4.
Long-vacant downtown restaurant space getting a new tenant
Naked Tchopstix plans to open a location in the former home of Nicky Blaine’s in the basement of the King Cole Building.
Blogware exec backs Earth House campaign
Chris Baggott of Compendium Blogware and an anonymous donor are supporting the downtown venue.
Summer grant program for youth emphasizes math and reading
Distribution of $2.5 million in grants is overseen by the Central Indiana Community Foundation.
Indianapolis angel investors land at Flagship Enterprise Center in Anderson
Capital from members of StepStone Angels could fund business incubator’s tenants.
EDITORIAL: Township reform must not fail again
With property tax caps putting the squeeze on budgets, it’s foolhardy for townships to be sitting on millions that could be funding needed services.
NFP of NOTE: Crohn’s and Colitis Foundation of America
The mission of Crohn’s and Colitis Foundation of America is to cure Crohn's disease and ulcerative colitis, and improve the quality of life of children and adults affected by these diseases.
Twin Cities tourism outpaces Indianapolis
Minneapolis and St. Paul together offer a larger convention market than Indianapolis.
Allison to add 200-plus jobs over next two years
Allison Transmission plans to invest $89 million to grow its headquarters and manufacturing operations, creating as many as 205 jobs by 2013.
TV stations WXIN, WTTV get new general manager
Tribune Broadcasting on Monday named TV veteran Larry Delia vice president and general manager of its two Indianapolis stations.
State’s unemployment rate drops to 8.5 percent
Indiana’s unemployment rate last month declined by 0.3 percentage points compared to February and is the lowest it’s been in more than two years.