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Duke Realty Corp. said today it has acquired a warehouse in Savannah, Ga., bringing its leased warehouse space in the port community to 5.3 million square feet. The purchase of the 176,000-square-foot warehouse was disclosed today as Duke announced second-quarter investment activity. The Indianapolis-based real estate investment trust said it logged $232.5 million in new […]

Investors drove down the price of Interactive Intelligence Inc. stock this morning after the Indianapolis software developer reported late yesterday that second-quarter profit plunged to $845,000 from $2.4 million a year earlier. The shares traded at $8.03, down 8.2 percent. Interactive Intelligence also reported revenue hitting a second-quarter record of $30.6 million. The company added […]

The Richmond City Council declined to vote last night on a 1-percent food and beverage tax that would have funded construction of a conference center. Mayor Sally Hutton asked councilors to table the vote in order to give supporters more time to collect and present details to councilors, according to The Palladium-Item of Richmond. Several […]

Ten workers have been fired at Alcoa Inc.’s aluminum smelting and fabrication operation near Evansville and another 20 have been disciplined after the company said they purposely slowed production. Managers claimed the workers were putting in only modest effort, and that data from machinery in the plant showed production slowed from the same time last […]

A discovery of insurance policies abandoned by now-defunct Ertel Manufacturing Co. has led the city of Indianapolis to sue at least 15 insurance companies for costs to clean up the site, the city said yesterday. The city is seeking more than $5 million for removing PCBs, cadmium and solvents from the site northeast of downtown […]

The full-size pickup plant General Motors Corp. operates in Fort Wayne will be shut down an additional week in August due to allow inventories to shrink, Bloomberg reported. Today’s announcement by GM brings to three the number of weeks the plant will be idle. The Detroit automaker also said today that it will eliminate one […]

Shares of Interactive Intelligence Inc. plunged in after-hours trading after the Indianapolis call center software firm reported second-quarter net profit falling to $845,000 from $2.4 million in the same quarter a year earlier. The report was issued after markets closed. The shares plummeted 22.3 percent to $8.75 a piece. However, the company revenue hit a […]

Simon Property Group Inc. reported $427.9 million in funds from operations in the second quarter, a 14.7-percent increase from a year earlier and slightly more than analysts anticipated. The Indianapolis-based real estate investment trust also projected funds from operations for the year of $6.38 to $6.45 per share, nearly identical to the $6.35 to $6.45 […]