Quarterly profit surges for trucking firm Celadon Group
Celadon Group Inc.’s first-quarter profit grew nearly 23 percent, to $5.4 million, or 24 cents a share, on revenue of $141.5 million.
IBJ Staff
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Duke meets market expectations despite quarterly loss
Duke Realty Corp. lost $32.1 million in the third quarter, but managed to meet analyst expectations in a key measurement for real estate investment trusts.
Verizon Wireless Center getting new name
Outdoor amphitheater Verizon Wireless Center in Noblesville will be renamed Klipsch Music Center under a new sponsorship agreement between speaker manufacturer Klipsch Group Inc. and venue owner Live Nation Entertainment.
NASDAQ set to remove EnerDel parent from exchange
New York-based Ener1 said in a filing Tuesday with the Securities and Exchange Commission that it would be suspended from the NASDAQ exchange starting Thursday due to non-compliance with filing requirements.
Interactive Intelligence shares sink after quarterly report
Interactive Intelligence Group Inc. shares fell more than 25 percent Tuesday morning after the Indianapolis-based software maker reported disappointing profit in the third quarter.
Cummins Inc. profit soars on huge growth in sales
Cummins Inc. reported a 60-percent increase in third-quarter profit as revenue soared 36 percent over the same quarter a year ago.
Duke Realty selling 82 office buildings for $1.1B
The sale includes buildings with a combined 10.1 million square feet of space in Atlanta, Chicago, Columbus, Dallas, Minneapolis, Orlando and Tampa. None of the properties are in Indiana.
State signs sponsor for road-side assistance program
State Farm Insurance will pay $1.25 million over the next three years to sponsor the Hoosier Helper program.
EDITORIAL: Politics as usual isn’t good enough
Right now, it’s hard to avoid the mud being slung by the two major-party candidates for Indianapolis mayor.
Former hostess on ‘statistics crew’ sues Colts for wages
The class-action suit says the Colts violated the Fair Labor Standards Act by failing to pay minimum wage.
New downtown restaurants line up to replace old ones
New Orleans on the Avenue, a casual Southern Creole restaurant, is set to take over the vacant former home of Zing at 543 Indiana Ave.
NFP of NOTE: Society for Free Radical Biology and Medicine
The Society for Free Radical Biology and Medicine is an international association composed of scientists, investigators and clinicians with an interest in the research and medical application of free radical chemistry, redox biology and antioxidants.
Honda undeterred by tepid Civic sales, reviews
Through September of this year, Civic sales were 167,384, down 15.5 percent from the 198,272 sold by the same point last year.
Jillian’s arcade games, bowling alley up for auction
An auction to liquidate the downtown entertainment complex will be held Oct. 26 to sell more than 100 arcade games, a nine-lane bowling alley and 12 pool tables. Jillian’s operators owed the landlord roughly $700,000 in unpaid bills.
Kilroy’s gets liquor approval for Broad Ripple location
The Indiana Alcohol and Tobacco Commission voted 3-0 to give Kilroy’s a liquor permit for the location at 821 Broad Ripple Ave. despite protests from a neighborhood group.
LDI names new president as part of succession plan
J.A. Lacy, son of company chairman Andre Lacy, ultimately will ascend to CEO in 2013, when current chief executive David Shane is set to relinquish the top job.
ITT Educational’s enrollment, profit fall again
The Carmel-based operator of for-profit colleges posted a 27.8-percent drop in earnings while new-student enrollment fell 14.1 percent.
Kiwanis chooses Indianapolis for 100th convention
The Indianapolis-based organization will hold its annual convention in the city in 2015, marking its 100th anniversary. About 10,000 members are expected to attend.