- Home
- NEWS
- REGIONAL
- THIS WEEK'S PAPER
- BLOGS
- Multimedia
- OPINION
- A&E
- LISTS
- PEOPLE
- EVENTS
- Classifieds
- Subscribe
Employee Benefits Services
Fortune can't explain 'significant and unusual' stock swing
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.
MoreFortune Industries set to accept $13.3M buyout offer
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.
MoreFortune Industries abandons sale to skilled-nursing operator
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.
MoreFortune profit ticks up despite lower revenue
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.
MoreLocal services firm plans expansion, up to 100 jobs
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.
MoreFortune Industries founder, chairman dies
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.
MoreMILLER: Morale, productivity affected by benefits frustration
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?
MoreQ&A
July 2, 2012
J.K. WallThe 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.
Fortune buyout would help exec out of financial jam
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.
MoreFortune Industries shareholder seeks to stop proposed sale
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.
MoreFirstPerson buys FlashPoint HR unit
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.
MoreSale of Fortune Industries would take company private
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.
MoreWALKER: A watershed 401(k) deadline is hurtling our way
January 28, 2012
Brent Walker / Special to IBJPlan sponsors will face both higher expectations and legal responsibilities.
MoreBrokers' hopes dashed by feds
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.
MoreTemp firms say business is good, hiring picking up again
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.
MoreFortune Industries reports annual profit growth
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.
MoreFortune turns profit in first quarter on higher revenue
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.
MoreQ&A
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.
MoreClarian off to slow start in insurance
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.
MoreFortune Industries reports higher profit, lower revenue
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.
MoreFortune Industries names new chief executive
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.
MoreIndianapolis benefits firms merge
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.
MoreBenefits mergers on the increase
March 30, 2009
J.K. WallBenefits brokers and agents—facing increasing demands from employers and declining commissions—are merging at an
accelerating
pace.
MoreIndiana Public worker, teacher funds have lost $8B in 15 months
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.
MoreFearful companies are curtailing employee insurance, retirement perks
March 2, 2009
J.K. WallExperts worry that if unemployment worsens, even more companies could be forced to cut benefits, especially health insurance.
More
Sponsored by
ADVERTISEMENT
on Facebook & Twitter
on Facebook & Twitter
 Follow IBJ's Tweets on these topics: |
||
| @IBJNews | @Propertylines | @IBJTheScore |
| @IBJArts | @IBJHealthcare | @IBJDining |
| @IBJLists | @IBJSmallbiz | |
ADVERTISEMENT
Back to TopCopyright © All Rights Reserved. Privacy Policy | Terms of Use.
Design, CMS, Hosting & Web Development :: ePublishing.
Additional Hosting & Delivery by
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.
For those who let this information strike a nerve, remember that this is still the America that allows the freedom to achieve dreams and goals. Should you really chastise those who are given a perk on a deal that is supported by the consumer (that is until they don't like the deal anymore due to envy) or should the dream of rewards for working be looked at a little closer? I say lets stick to the deal, go to work,earn our keep, shoot for dreams, change our jobs to have that dream or shut up about others achievements ..............while we are still afforded this liberty of America !
Three Magi
Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.