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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. In reality, Lilly is maintaining profit by cutting costs such as Indiana/US citizen IT workers by a significant amount with their Tata Indian consulting connection, increasing Indian H1B's at Lillys Indiana locations significantly and offshoring to India high paying Indiana jobs to cut costs and increase profit at the expense of U.S. workers.

  2. I think perhaps there is legal precedence here in that the laws were intended for family farms, not pig processing plants on a huge scale. There has to be a way to squash this judges judgment and overrule her dumb judgement. Perhaps she should be required to live in one of those neighbors houses for a month next to the farm to see how she likes it. She is there to protect the people, not the corporations.

  3. http://www.omafra.gov.on.ca/english/engineer/facts/03-111.htm Corporate farms are not farms, they are indeed factories on a huge scale. The amount of waste and unhealthy smells are environmentally unsafe. If they want to do this, they should be forced to buy a boundary around their farm at a premium price to the homeowners and landowners that have to eat, sleep, and live in a cesspool of pig smells. Imagine living in a house that smells like a restroom all the time. Does the state really believe they should take the side of these corporate farms and not protect Indiana citizens. Perhaps justifiable they should force all the management of the farms to live on the farm itself and not live probably far away from there. Would be interesting to investigate the housing locations of those working at and managing the corporate farms.

  4. downtown in the same area as O'malia's. 350 E New York. Not sure that another one could survive. I agree a Target is needed d'town. Downtown Philly even had a 3 story Kmart for its downtown residents.

  5. Indy-area residents... most of you have no idea how AMAZING Aurelio's is. South of Chicago was a cool pizza place... but it pales in comparison to the heavenly thin crust Aurelio's pizza. Their deep dish is pretty good too. My waistline is expanding just thinking about this!

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