Interactive Intelligence plans $28M building, 430 hires
Local software firm Interactive Intelligence Group Inc. announced Thursday afternoon that it plans to hire 430 employees by the end of 2016 as part of a major expansion of its headquarters.
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U.S. jobless claims hit highest mark since February
The number of Americans applying for unemployment benefits rose last week to the highest level since February, a dose of mixed news for an economy that appears to be gaining momentum.
Interactive Intelligence to hire hundreds in growth plan
CEO Don Brown recently told IBJ that the firm expected to hire in the neighborhood of 250 workers in 2014, and also was looking at constructing an additional building by its headquarters. An announcement is set for Thursday afternoon.
Daniels says trip for political meeting was appropriate
Purdue University President Mitch Daniels said his trip to a conference in Georgia attended by several Republican presidential hopefuls was a chance to promote the school and meet potential donors.
Drug prices surge as generics, niche treatments eat profit
Since 2007, the cost of brand-name medicines has jumped, with prices doubling for dozens of established drugs that target everything from multiple sclerosis to cancer, blood pressure and even erections, according to an analysis conducted for Bloomberg News.
Republic posts bigger profit despite 12,400 flight cancellations
Republic’s CEO said he was pleased to see improved results despite “the most severe weather events in a single quarter” he’s seen in his 27-year career. The company’s shares surged more than 9 percent Thursday morning.
South-side institution closes after 31 years serving meals
Sisters’ Place, known for its homestyle cooking, has closed. But another restaurant is slated to take the space just off Madison Avenue south of Interstate 70.
Duke Realty reports first-quarter growth in FFO
The Indianapolis-based real estate developer saw higher revenue and improved funds from operations, a common measure of performance for real estate investment trusts, in the first quarter.
CEOs launch childhood obesity initiative
Jump IN for Healthy Kids has a budget of $1.5 million and hopes to identify and extend successful efforts to improve diet, activity and healthy choices among children and their families.
Longtime Indianapolis Opera director resigns
Artistic Director James Caraher has tendered his resignation after 33 years with the Indianapolis Opera, the general manager of the struggling arts organization said Wednesday afternoon.
House ethics panel finds Turner didn’t violate rules
The House Ethics Committee expressed concerns Wednesday that House Speaker Pro Tem Eric Turner’s efforts to kill a proposed nursing home moratorium did not achieve the “highest spirit of transparency” and vowed to tighten those rules.
First-quarter commercial real estate statistics for Indianapolis
Check out the latest office and industrial statistics.
Flaherty becoming mixed-use master
Developer’s Flaherty & Collins is gaining a reputation developing trendy projects, the latest of which is a 28-story retail and residential tower on the site of the former Market Square Arena.
Ticket giveaway: Broad Ripple Art Fair
Win a four-pack of tickets to the annual benefit for the Indianapolis Art Center.
Jasper engine firm to hire 235 for new plant
Jasper Engine & Transmission Exchange expects to buy, renovate and equip a 220,000-square-foot facility near its headquarters in the southwest Indiana city.
Exec from struggling RadioShack joins HHGregg
In joining the Indianapolis-based firm as COO, Troy Risch trades one big retailer struggling to find its footing for another.