Interactive Intelligence shares dive on expected shortfall
The local software and services firm has released disappointing preliminary results for its second quarter, leading to a 16-percent stock tumble.
Public Companies
Articles
ExactTarget acquisition boosted Indy’s tech mojo, local execs say
Near the first anniversary of ExactTarget’s $2.5 billion purchase by Salesforce.com, local tech gurus explain how the acquisition lifted all ships by bringing new prestige, investment and expertise to the city.
Profit dips for Emmis despite boost from new stations
The needle on radio revenue spiked in the first quarter for the Indianapolis broadcasting and publishing firm, but profit sank.
Heads roll at GM after investigation of defective switch
The automaker says 15 employees—many of them senior legal and engineering executives—have been forced out of the company for failing to disclose the defect linked to 13 deaths.
Old National scoops up Lafayette Savings Bank for $42M
The purchase of LSB Financial Corp., parent of Lafayette Savings Bank, will add $366 million in assets and five branches to Old National’s portfolio.
Head in the cloud: Interactive ramps up software offerings
Interactive Intelligence Group Inc. will plow further into cloud-based computing—now a big driver of sales—with a new set of call-center services unveiled Tuesday morning.
Shares of Simon spinoff dip in early trading
Simon Property Group has revised its earnings forecast with the Thursday launch of spinoff firm Washington Prime Group.
Washington Prime shares set stage for NYSE debut
Shares of the fledgling, Indy-based firm hovered just under $21 in advance trading on Wednesday morning, providing a window to its official open Thursday on the New York Stock Exchange.
Shares of Simon Property spinoff to begin trading
Washington Prime Group Inc., listed under the “WPG” ticker symbol, will begin trading Thursday. The new real estate investment trust will own 98 retail properties, including 13 in Indiana.
Stonegate Mortgage results tumble in first quarter
Despite bucking an industry downturn in mortgage loan originations during the first quarter, Stonegate Mortgage Corp. on Thursday reported a net loss of $7.9 million.
Interactive Intelligence to hire hundreds in growth plan
CEO Don Brown recently told IBJ that the firm expected to hire in the neighborhood of 250 workers in 2014, and also was looking at constructing an additional building by its headquarters. An announcement is set for Thursday afternoon.
Exec from struggling RadioShack joins HHGregg
In joining the Indianapolis-based firm as COO, Troy Risch trades one big retailer struggling to find its footing for another.
CNO takes big earnings hit to dispose of old business
Excluding the cost of finally shedding a block of business from predecessor Conseco Inc., CNO's operations were on the upswing in the first quarter.
Finish Line increases stake in running division
The Indianapolis-based athletics retailer bought a larger share in the Running Specialty Group, a chain that operates 49 stores in 11 states.
First Internet profit slides in first quarter
A big decline in income from mortgage banking, linked to the national slowdown in home refinancing, carved a chunk from earnings.
Zimmer buying Biomet in $13.3B deal between Hoosier firms
Orthopedic device maker Zimmer Holdings Inc. is buying privately-held competitor Biomet Inc. in a cash-and-stock deal between the Warsaw-based companies valued at about $13.35 billion.
Lilly to pay dearly for Novartis animal health biz
Wall Street analysts raised their eyebrows at the hefty price Eli Lilly and Co. will pay to acquire Novartis Animal Health, when compared to the value of the biggest player in the field.
HHGregg shares plummet on warning of weak sales quarter
The Indianapolis-based retailer announced disappointing preliminary sales figures on Tuesday morning for its fiscal fourth quarter, which it blamed on horrendous weather in major markets.
Option grant lifts compensation for Angie’s List’s Oesterle
Stock options accounted for the biggest chunk of the CEO’s compensation. Their value will depend on the company’s future stock performance.
Regions revamps Indiana territory as regional banks reshuffle
A second regional bank in the metro area in as many months has announced a change in its state leaders and area boundaries.