IBJ Staff
Articles
MacAllister Machinery acquires Michigan company
Indianapolis-based MacAllister Machinery has acquired Michigan Tractor and Machinery Co., which has 590 employees and is Michigan’s top Caterpillar dealer.
Baldwin & Lyons reports higher revenue, lower profit
Indianapolis-based insurer of car and truck fleets posts quarterly profit slightly lower than a year ago. Revenue, however, rose to $67.7 million, up from $60.8 million in 2009.
Judge orders concrete company to bargain with union
Irving Ready-Mix was ordered to restore pay to workers that had been cut by nearly $3 an hour and to recognize the union as the collective bargaining representative of the employees.
Brightpoint revenue, earnings exceed analyst expectations
The wireless phone distributor said revenue in the fourth quarter was $1.1 billion, an increase of 24 percent over the same period of 2009.
ExactTarget reports record annual revenue
The Indianapolis-based e-mail marketing firm said revenue in 2010 grew 41 percent, to more than $134 million. The company also marked its 40th consecutive quarter of growth.
Cumulus Media to buy out radio partners for $740M
Atlanta-based Cumulus Media Inc. said late Monday it has agreed to acquire its partners’ interest in a venture that owns 32 radio stations in nine cities, including three in Indianapolis. No local changes are expected.
Integra Bank’s auditor says situation may be dire
Monday’s announcement is the latest ominous news for Integra, which is at risk of becoming the second Hoosier financial institution to fail since the financial crisis began in 2008.
Rolls-Royce wins a pair of military contracts
Indianapolis manufacturer lines up deals with the Navy and Air Force worth a total of $225 million.
Candy Dynamics expands Nuclear Sludge recall
Carmel-based Candy Dynamics has expanded a voluntary recall of its Toxic Waste brand Nuclear Sludge products because they may contain too much lead.
Interactive Intelligence reports higher profit, revenue
A rise in large orders enabled the business-communications software firm to more than double profit to more than $10.4 million in the fourth quarter. Revenue leaped 41 percent, to $50.7 million.
Marketing firm VMS plans growth, new jobs
Event-planning powerhouse VMS Inc. plans to invest more than $1.5 million to expand its Indianapolis life sciences marketing operation and create as many as 102 jobs over the next four years, state officials said Friday morning.
EDITORIAL: Let districts decide when to start classes
It isn’t difficult to understand why state Sen. Mike Delph wants to force school districts to start their academic years after Labor Day; what’s perplexing is why Delph would want to slap a restriction on districts at a time they need more freedom to manage their own affairs.
Pearson Ford buys wholesale car-parts business
Owner John Pearson recently purchased the parts business of Paul Harvey Ford, which is ceasing operations after more than 44 years.
Gourmet popcorn maker launching IndyCar products
Indianapolis-based Just Pop In signed a multiyear deal with the racing series.
WTHR-TV Channel 13 promotes Cardenas
The former station vice president was hired in June 2010 to replace the late Jim Tellus.
Ball State hosts conference on Afghanistan higher education
The Afghanistan Ministry of Higher Education is trying to build up the country’s higher education system after more than 30 years of near constant warfare.
Construction leader Price resigns posts, sells company
Price resigned as president of Indiana Construction Roundtable and Metro Indianapolis Coalition for Construction Safety.