The move will hike the real estate firm’s stock price, combining every four shares into a single share. Kite officials hope a double-digit price will give shares a more stable foundation and an image makeover.
The local software and services firm has released disappointing preliminary results for its second quarter, leading to a 16-percent stock tumble.
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.
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.
Simon Property Group has revised its earnings forecast with the Thursday launch of spinoff firm Washington Prime Group.
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.
In joining the Indianapolis-based firm as COO, Troy Risch trades one big retailer struggling to find its footing for another.
A big decline in income from mortgage banking, linked to the national slowdown in home refinancing, carved a chunk from earnings.
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.
Rumors of radio’s demise appear to be greatly exaggerated, at least for Indianapolis-based Emmis Communications Corp. Revenue for its radio and publishing arms continue to improve.
Compensation for Joe Swedish included $4.1 million in perks, such as $3.8 million he would have received in his previous job, $79,000 in relocation expenses, and $82,000 for his legal fees from contract negotiations.
KAR Auction Services Inc. expects to spend as much as $125 million on technology this year as its focus continues to shift to the Web and apps.
The Indianapolis-based processor of crude oil blamed its loss on tighter profit margins and higher operating costs. It has been on an acquisition spree since 2011.
Shares of Eli Lilly and Co. rose as much as 3.8 percent Wednesday morning after the Indianapolis-based drugmaker revealed that an experimental drug boosted overall survival among lung cancer patients in a large trial.
Allison Transmission Holdings Inc. kicked its fourth quarter into overdrive with a 70-percent increase in profit over the same quarter in 2012, the firm reported Thursday. But profit for the year was down significantly.
Shares in the Indianapolis-based consumer-reviews service fell 14 percent in after-hours trading Wednesday evening, despite a rare profit in the firm’s fourth quarter.
Kite Realty Group Trust will remain in Indianapolis after the purchase, which will balloon its holdings to 131 properties covering 20 million square feet of shopping center space in 26 states.
At least two investor lawsuits note that the company now generates the vast majority of its revenue from the service providers it's paying members to review.
The Columbus-based engine maker recorded a 7-percent increase in profit, but full results for 2013 lagged behind 2012.
Shares of the Indianapolis-based retailer had fallen 18 percent by early afternoon Thursday, after the firm reported slumping sales and profit in its latest quarter.
