The Indianapolis-Marion County Public Library’s decision to reduce its work force is in response to expected revenue annual shortfalls of up to $4 million through 2013. The cuts follow a reduction in hours last month.
The auction company had revenue of $445.3 million in the quarter ended Sept. 30, a 4-percent increase from same quarter of 2009. Profit tripled, to $25.6 million.
Indianapolis-based Kite Realty Group Trust improved its financial performance in the third quarter, reporting funds from operations of $7.8 million, up from $2.8 million in the same period last year despite a slight dip in revenue.
Nexus Valve Inc. plans to invest $2.3 million to expand its headquarters and distribution operations, adding up to 21 jobs by 2015.
The wireless-device distributor reported revenue of $889 million in the third quarter, an increase of 3 percent compared to the same quarter of 2009.
The Metropolitan Development Commission is expected Wednesday afternoon to approve Heritage-Crystal Clean Inc.’s plan to build its first used oil re-refinery, on West 10th Street. The project is estimated to cost $40 million and should create 55 jobs by 2013.
Voters shot down school referendums in several central Indiana districts Tuesday, including Zionsville, Anderson, Center Grove, Mount Vernon, Shelby County and Elwood.
Democrat Terry Curry has been elected Marion County prosecutor, defeating Republican candidate Mark Massa in a close race. Democrats also won the sheriff’s race and other countywide seats.
The Indianapolis-based distributor of automotive paints and accessories said its third-quarter profit climbed nearly 16 percent, to $3.5 million. Revenue increased 3 percent, to $108.8 million.
IBJ’s Women of Influence program recognizes central Indiana women who exemplify the traits required to be outstanding leaders in their chosen fields.
The plan, approved by Purdue’s Board of Trustees on Aug. 30, was designed to reduce payroll costs and avoid involuntary layoffs.
Fort Recovery Industries Inc., an Ohio-based aluminum and zinc die cast hardware manufacturer, said it plans to create the jobs by locating a manufacturing plant in the northeastern Indiana city.
Indianapolis-based Eli Lilly and Co. plans to open a diabetes research center in China, the drugmaker said Tuesday, citing the high incidence of the disease there.
The business-communications software firm had profit of $3.5 million in the quarter ended Sept. 30, up from $2.8 million in the same period of 2009. Quarterly revenue leaped to $41.8 million, an increase of 26 percent.
The Evansville-based bank reported a third-quarter profit of $11.9 million, up from $4 million in the year-ago period.
Alabama-based Progress Rail Services, a subsidiary of Caterpillar Inc., said it plans to invest about $50 million to open the first locomotive manufacturing and assembly plant in the United States in many years.
Butler University President Bobby Fong will leave at the end of the current academic year to take the helm of private Ursinus College outside Philadelphia, the Indianapolis school confirmed Friday afternoon.
Bebe Paluzza Productions, which started as a local trade show for parents and grew into a series of consumer events staged in five cities, has been sold to two industry veterans who want to continue that expansion.
St. Louis-based Ascension Health announced Friday morning that it would open a professional service center in Indianapolis, creating up to 500 jobs by 2013.
Automotive Components Holdings, which makes hydraulic steering systems for Ford Motor Co., notified the state this week that it plans to permanently lay off 26 employees during the first two weeks of 2011.
