March 19, 2013
Jeff NewmanFortune Industries Inc. shares on Monday jumped as much as 285 percent from Friday’s closing price. The New York Stock
Exchange found the move and an intense spike in trading volume so odd that it asked the company for answers.
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February 21, 2013
Scott OlsonThe proposed buyer is CEP Inc., a holding company led by Fortune Industries CEO Tena Mayberry and Chief Financial Officer
Randy Butler, who first bid for the company last March.
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January 11, 2013
Scott OlsonThe professional employer organization has terminated its purchase agreement with Ide Management Group LLC of Greenfield and
now plans to pursue a sale it had explored previously.
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November 15, 2012
Indianapolis-based Fortune Industries Inc.’s profit ticked up slightly in its fiscal first quarter but revenue fell
due to the loss of two large clients, the company announced Wednesday.
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September 18, 2012
IBJ StaffBusiness services firm First Advantage said Tuesday that it plans to move its operational headquarters from St. Petersburg,
Fla., to its local offices in Fishers, creating up to 100 jobs in the process.
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August 28, 2012
Carter M. Fortune, 70, died Saturday at his home in Destin, Fla., the company said. The Fortune Industries chairman had been
in the process of selling the public company to management in a deal valued at $30.5 million.
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July 7, 2012
Robert L. Miller / Special to IBJHave employees reached the tipping point where rising health care costs have forced them to think seriously about jumping
ship?
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July 2, 2012
J.K. Wall
The U.S. Supreme Court’s ruling to uphold the Patient Protection & Affordable Care Act cleared a big cloud of uncertainty
for employers, but with just 18 months before the most significant provisions of the law kick in, many questions remain. Three
benefits consultants from Indianapolis-based Gregory & Appel Insurance—Bob Miller, Mike
Miles and Karl Ahlrichs—sat down to discuss what the future looks like for employer health
benefits.
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June 9, 2012
Greg AndrewsSale to managers would alleviate problems for company's 70-year-old namesake and keep firm from being seized by bank.
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April 17, 2012
Scott OlsonA shareholder of Indianapolis-based Fortune Industries Inc. has filed suit against the public company and its top executives,
seeking class-action status on behalf of shareholders who want to stop a transaction that would take it private.
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April 2, 2012
J.K. WallIndianapolis-based benefits brokerage FirstPerson acquired the small-employer human resource division of Indianapolis-based
consulting firm FlashPoint last week in a bid to provide a wider array of services to small businesses.
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March 30, 2012
Scott OlsonThe company is set to be purchased by CEP Inc., a holding company led by Fortune Industries CEO Tena Mayberry and Chief Financial
Officer Randy Butler. But several law firms are investigating the sale for potential unfairness on behalf of shareholders.
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January 28, 2012
Brent Walker / Special to IBJPlan sponsors will face both higher expectations and legal responsibilities.
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December 5, 2011
J.K. WallThe Obama administration on Friday let stand an earlier rule that said brokers’ fees will have to count toward a 15-percent
to 20-percent cap on administrative expenses placed on insurance plans by the 2010 health overhaul.
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November 3, 2011
J.K. WallEmployment services in the Indianapolis area say hiring is rising again, but the pace of activity has yet to return even to
2008 levels, and staffing executives don’t expect it to for some time.
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September 28, 2011
The publicly held Indianapolis-based professional employer organization's profit in fiscal year 2011 more than doubled from
the previous fiscal year, to $1.3 million.
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May 17, 2011
The Indianapolis-based professional employer organization reported a profit of $265,000 in the first quarter after posting
a loss of $426,000 in the same three months last year.
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March 30, 2011
J.K. WallSusan Rider is an employee-benefits account manager at Indianapolis-based Gregory & Appel Insurance. On July 1, she will
become president of the Indiana State Association of Health Underwriters. She spoke about the first-year impact of the 2010
health reform law and further changes to come.
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December 18, 2010
J.K. WallClarian Health got few takers in its first year offering a health care benefits program to large employers, but the Indianapolis-based
hospital system is undeterred in growing its budding insurance services business.
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September 29, 2010
Indianapolis-based professional employer organization reported fiscal-year profit of $828,000, an 85-percent increase from
fiscal 2009. Revenue, however, fell 20 percent, to $60.7 million.
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January 18, 2010
Scott OlsonFortune Industries Inc., an Indianapolis-based professional employer organization, has appointed Tena Mayberry as its CEO.
Mayberry, who also will continue to serve as president, succeeds John Fisbeck.
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July 8, 2009
J.K. WallTwo Indianapolis benefits consulting firms have finalized their merger, the companies announced this morning. Terms of the
deal between Benefit Associates Inc. and Benefit Consultants Inc., in the works since March, were not disclosed.
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March 30, 2009
J.K. WallBenefits brokers and agentsfacing increasing demands from employers and declining commissionsare merging at an
accelerating
pace.
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March 2, 2009
Peter SchnitzlerThe state's two biggest pension funds are poised to combine into one Indiana Public Retirement System, with a single executive
director and board.
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March 2, 2009
J.K. WallExperts worry that if unemployment worsens, even more companies could be forced to cut benefits, especially health insurance.
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Who makes Tater Tots? They would be a good sponsor, because $3 Million for the alleged "Greatest Spectacle In Racing" is taters. Tiny, tiny taters. But at least they are making up something of the losses accumulated over the years in this dying sport. Buttock in seat is certainly not doing it, nor eyeball on TV, as evidenced by the lack of both.
We loved lakehouse and think the Arbor Village would be a great location. It is less than 2 miles from over 1000 rooftops in the 225,000 to over 1 million range. Many people could use the great fishers trail system to bike or walk there. Just an idea Scotty -- but maybe something closer to 3 Wiseman would good. The only microbrew in area is Ram (boring)
True, it's an ESPN production, but ESPN is just another name for ABC Sports, or what used to be ABC Sports since ABC Sports no longer exists as a name. ESPN=ABC Sports= ESPN. ESPN is, according to Forbes "the world's most valuable media property" worth $40 billion. Despite that, they fired 400 people this week.
The Prestige was a great flick.
Larry - even though the race is on ABC, ESPN does all of the work, so that is why ESPN is mentioned. Most sports on ABC are called something like "ESPN on ABC."