Allison Transmission tops expectations with third-quarter results
Allison Transmission Holdings Inc. on Wednesday announced third-quarter earnings and revenue that surpassed Wall Street expectations.
IBJ Staff
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Gerald Paul, co-founder of Paul Harris Stores, dies at 95
In addition to co-founding and leading national women’s clothing retailer Paul Harris Stores, Gerald Paul was an active philanthropist in local arts, education and Jewish causes.
Cummins lowers full-year expectations after missing quarterly forecasts
Indiana-based engine manufacturer Cummins Inc. fell short of revenue and profit predictions with its third quarter results.
CountryMark CEO Smith retiring after 17 years at helm
CountryMark ranked as the state’s ninth largest company in 2018, with $1.2 billion in revenue. The firm has more than 500 employees, including about 420 in Indiana.
Residential Real Estate: Marketplace Stats for October 25, 2019
Inventory remains low. As of Sept. 1, the region had just two months of supply—10% less than at this time last year—meaning it would take just two months to sell out the current inventory of houses if no more came on the market.
Lugar Plaza project designer captures Monumental Award
The annual awards, which recognize excellence in local architecture, engineering, interior design, landscape architecture, construction, real estate development and more, took place Wednesday at the Indiana Roof Ballroom.
Area existing-home sales tick up amid declining inventories
Sales of existing single-family homes rose 1.8% in central Indiana in September—only the second month of increased sales this year on a year-over-year basis.
Lilly earns more than expected but misses revenue expectations on key drugs
Eli Lilly and Co. easily topped earnings expectations in the third quarter, but shares in the Indianapolis-based drug company tumbled nearly 5 percent Wednesday morning.
ISO’s Leppard dies at 92
In his tenure as music director from 1987 to 2001, Raymond Leppard led the Indianapolis Symphony Orchestra on international tours and focused on producing recordings and radio broadcasts.
Four local development projects picked to receive $35M in incentive funds
Indianapolis Mayor Joe Hogsett said Tuesday that the city intends to use New Markets Tax Credits from the U.S. Department of the Treasury to support development projects involving the Madam Walker Legacy Center, the Wheeler Mission Center for Women and Children and two other groups.
Indianapolis to host final event of global food sport competition
The 2020 World Food Championships Final Table event is the culmination of annual competition involving more than 1,500 home cooks, chefs and professional cooking teams from more than 40 states and 15 countries. The World Food Champion will be crowned at the event.
Bottleworks adds three more tenants to Garage Food Hall lineup
The Garage Food Hall is part of the much larger, 12-acre, $300 million Bottleworks development at 850 Massachusetts Ave. that will include retail, residential, office and restaurants, as well as a hotel.
Clif Bar completes $10M bakery renovation, expansion project in Indianapolis
The energy bar giant said it added 24,000 square feet to the 185,000-square-foot building at 7575 Georgetown Road on the city’s northwest side. About 430 people work at the bakery.
Indianapolis-area home builders seeing late-year surge in demand
Applications for home construction in the nine-county area have risen three months in a row following seven straight months of declines.
Indiana kitchenware maker with 82 workers closing its plant
A company that has been making metal kitchenware and home products in Indiana since 1902 is closing its plant in Terre Haute.
Tech distribution giant Ingram Micro opens Plainfield facility, plans 151 jobs
The facility will offer a range of technology disposition services, including data erasure and drive destruction, processing, remarketing and recycling.
High-tech mobility company plans lab, 50 high-paying jobs in Westfield
Aptive Plc, a mobility tech company formerly known as Delphi Automotive, plans to open a $9 million engineering lab in Westfield, the city announced Monday night.
Council approves Hogsett’s $1.2B budget, with focus on public safety, infrastructure
The 2020 spending plan—which passed 22-2—is projected to spend about $171,500 less than the city will receive in revenue. Officials say that makes it the city’s third consecutive balanced budget since Hogsett—who is seeking re-election—took office in 2016.
Longtime downtown Mexican eatery Acapulco Joe’s changes ownership
Acapulco Joe’s, 365 N. Illinois St., has been acquired by Ezequiel Fuentes, who owns or co-owns nine other Mexican restaurants in the region, including one in Zionsville. It will close for a couple of weeks for renovations.
Butler University board extends President Danko’s contract through 2024
The decision came just a week after Butler announced it had raised $171 million from 27,000 donors during the “quiet phase” of its largest-ever fundraising campaign.