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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 […]
Max Anderson at the Indianapolis Museum of Art has finally gotten his wish–a dominant piece of art in the IMA’s Pulliam Great Hall (that’s the open area you enter as soon as you go through the sliding doors at the…
A local accounting firm has bought the Grain Dealers Mutual Insurance building along Meridian Street for its headquarters after a local developer couldn’t…
Indiana University is making me look pretty smart these days. And it has nothing to do with the degree I earned there almost 20 years ago.
Three weeks ago I was asked on a…
Variety reports today that “Up in Smoke” comedy legends Cheech and Chong will be hitting the road for the first time in 25 years. Their national tour, titled “Hey, What’s that Smell?” will be announced tomorrow.
Meanwhile, the latest comedy from…
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 […]
By Norm Heikens Pac-Van Inc., an Indianapolis company that leases mobile offices and storage units, has been sold again, nearly two years after it was acquired from its founders. General Finance Corp. of Pasadena, Calif., acquired Pac-Van parent Mobile Office Acquisition Corp. in a deal valued at $158.8 million, the companies announced late yesterday. California-based […]
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 […]
By Norm Heikens Old National Bancorp today reported second-quarter profit of $19.5 million, up marginally from $19.3 million in the same period last year. The Evansville-based parent of Old National Bank also said revenue climbed to $109.4 million from $97.3 million. “Given the challenges that exist in the economy today and unprecedented challenges that exist […]
California voters are being asked this fall to vote on an initiative that would do away with tiny cages
for egg-laying hens and other staples of corporate agriculture.
The rights bill for farm animals is the most sweeping in…
You have to love an Indianapolis weekend when it’s impossible to get to everything you want to see.
While I caught Allalike Productions’ “bare,” Theatre on the Square’s remarkable “A Very Merry Unauthorized Children’s Scientology Pageant,” ShadowApe’s “Transformations” and ACT’s young…
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 […]
The big stories in the world of motorsports have been coming at such a high rate of speed, it’s been difficult to keep up.
The long weekend kicked off with Tony Stewart getting into an altercation with a U.S. Auto Club…
Sweeping diversification is necessary for the Elkhart area to snap its reliance on making recreational vehicles and manufactured housing, the Elkhart Truth opined in an editorial yesterday. A string of layoffs and other bad news from the sectors has rocked the area this month, raising questions about a difficult future for workers who know little […]
Kristy McKillip has taken a business development post with Indy Partnership after four years as executive director of Boone County Economic Development Corp. The Boone County group is one of 10 members of Indy Partnership, which markets the region to businesses looking to expand. McKillip’s new position involves building relationships with companies considering expansions in […]
Two giants of local business are preparing to slug it out in court over a soured sublease deal. Marsh Supermarkets filed
suit in Hamilton County this month to enforce a deal with Swiss pharmaceutical and medical-equipment powerhouse
Roche to sublease the grocer’s entire 148,000-square-foot headquarters in Fishers. The deal, worth more
than $47 million over 18 years, is one of the largest of its kind in central Indiana in years.
A housing crunch resulting from a flood of foreclosures has cast the spotlight on the deceptive practices that cause borrowers-particularly those with weak credit-to unknowingly pay more than necessary for a mortgage. The Federal Reserve earlier this month unanimously approved new lending rules in an attempt to tighten standards and prevent another such crisis. The changes will apply to all mortgage lenders and take effect Oct. 1, 2009. In the subprime category, a lender will have to assess a borrower’s…
