Klipsch selling for $166M, Audiovox says
Klipsch will become a subsidiary of Audiovox and operate as a stand-alone operation in Indianapolis under the leadership of the current management team, Audiovox said.
IBJ Staff
Articles
Republic Airways expands contract with Delta
When the locally based airline bought Frontier and Midwest, some predicted big carriers like Delta would stop doing business with Republic.
City seeks firm to manage events on the Central Canal
The city put out a request for proposals seeking companies that would schedule and oversee events such as weddings and Fourth of July celebrations on the city-owned portion of the walkway.
Indianapolis Museum of Art shuffles gallery space
The remodeling of third-floor galleries will create more space for the IMA’s growing design-arts collection.
Several new restaurants opening in Indianapolis
The new dining spots include a few home-grown businesses that are opening in or near Broad Ripple.
PROXY CORNER: Hurco Cos.
Indianapolis-based Hurco Cos. designs and produces interactive computer controls, software and computerized machine systems for the worldwide metal-cutting and metal-forming industry.
EDITORIAL: North of South project worth the risk
We understand the concern expressed by some on the City-County Council over Indianapolis’ role in financing the $155 million project, but there are compelling reasons to approve it.
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.