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Indiana firms lose ground on Fortune 500 list

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Indiana has again placed six firms in the Fortune 500 list of largest U.S. companies, but the competition pushed most of them further back in the pack this year.

Indianapolis-based health insurer WellPoint Inc. led the Hoosier delegation, placing 47th on the 2013 list with $61.7 billion in revenue for its latest fiscal year. That’s down slightly from 45th, in 2012.

Wal-Mart Stores Inc. topped the 2013 Fortune 500 with $469.2 billion in revenue. Fortune magazine on Monday released the list, which bases its rankings on revenue.

The 2013 list retains five of the six firms that appeared in 2012. Indianapolis pharmaceutical giant Eli Lilly and Co., which posted revenue of $22.6 billion, dropped in the rankings from 119th in 2012 to 130th this year. Columbus-based engine-maker Cummins Inc., which reported revenue of $17.3 billion, slipped to 160th from 150th in 2012.

Steel Dynamics Inc. of Fort Wayne descended from 323rd in 2012 to 354th this year, on revenue of $7.3 billion. Merrillville-based utility NiSource Inc. fell from 409th to 480th, with $5.1 billion in revenue.

Simon Property Group Inc. was Indiana’s one rising star in the top 500 this year, sneaking onto the list at 497th after placing 543rd in 2012. A retail-based real estate investment trust, Simon collected $4.9 billion in revenue for its most recent fiscal year.

Last year marked the return of Indianapolis-based BrightPoint Inc. to the list, as the firm rose to 463rd for its first appearance since 2009. BrightPoint was acquired in October by California-based Ingram Micro Inc. , which placed 76th on this year’s list with revenue of $37.8 billion.
 

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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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