Interactive was right on target with the preliminary earnings announcement it made July 16, when it predicted revenue between $86 million and $88 million and an operating loss between $11 million and $12 million.
The Institute for Supply Management, a trade group of purchasing managers, reported Friday that its manufacturing index rose to its highest level since April 2011.
General Motors, Ford, Nissan and Chrysler all reported big gains as the major automakers reported July sales Friday.
An Indianapolis software startup that hopes to win contracts from public-transit agencies across the country is protesting a no-bid deal by IndyGo.
HALO reached the $20 million milestone after pumping nearly $1.5 million in the first half of 2014 into mobile app developer Bluebridge Digital, contract-research firm AIT Bioscience, threat-intelligence firm Emerging Threats and sales-automation software firm TinderBox.
A growing number of people are seeking a kind of digital detox at least once a year, but many still resist the idea. According to Wired magazine, less than 10 percent of all Americans unplug—even for one week a year,
Cummins Inc. said Monday that second-quarter profit jumped 7.7 percent on strong sales in North America. The results exceeded analyst expectations.
Old building also had been used as chemical distributorship.
The Indiana Department of Revenue is five to seven years from replacing the 1990s software that processes the bulk of the state’s tax dollars and that auditors cited in the wake of massive accounting errors.
Owner Dan Murphy’s more-than-two-decades-old, Indianapolis-based company is something of an anachronism—a small-scale domestic clothing manufacturer doing business in a field dominated by Asian-based titans.
In February, Indiana Limestone Co. filed for bankruptcy. But two months later, Chicago-based Wynnchurch Capital Ltd. bought the quarry company out of bankruptcy. ILC is now digging out and looking at a brighter horizon.
In its second quarter, the Indianapolis-based manufacturer of transmissions and propulsion systems rode accelerating sales for rugged-duty, student transport, and hydraulic fracturing equipment.
The automotive industry is behind the increase, pushing steel ahead of longtime leaders iron ore and coal.
Fort Wayne-based Steel Dynamics said the plant it is buying from a company controlled by Russian billionaire Alexey Mordashov is one of the newest and most technologically advanced mini-mills in North America.
Two friends and drone enthusiasts in 2012 hatched the idea, as a side gig, to build flying devices small enough to fit in a briefcase. But the idea shifted to a full-scale manufacturing operation that will launch in mid-August and is projected to produce up to $10 million in revenue next year.
Data including names, addresses and Social Security numbers of those who attended IU from 2011 to 2014 was unsecured for more than 11 months because protections weren’t working correctly.
The layoffs were double what Wall Street was expecting after the computing giant’s CEO altered course last week. The firm had just completed its acquisition of Nokia’s devices business in April.
The local software and services firm has released disappointing preliminary results for its second quarter, leading to a 16-percent stock tumble.
The automaker filed a tax abatement request for the Bedford factory project, saying it would add about 40 jobs and raise the plant’s employment to some 650 workers.
Nello Corp., a South Bend firm that manufactures steel towers, plans to sink about $60 million into the project.
