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Public Companies
Baldwin & Lyons profits rise on fewer storm losses
November 1, 2012
Indianapolis-based Baldwin & Lyons Inc. continues to improve on its 2011 results, recording after-tax profit of $11.7
million, or 78 cents a share, for the third quarter.
MoreCalumet's sales, profit boom after acquisitions
October 31, 2012
IBJ StaffCalumet Specialty Products Partners LP’s profit more than doubled in the third quarter, helped by huge gains in the
fuel-products side of its business following several acquisitions.
MoreStorm will keep financial markets closed Tuesday
October 29, 2012
Associated PressStock trading will be closed in the U.S. for a second day Tuesday as Hurricane Sandy bears down on the East Coast. Bond trading
will also be closed.
MoreLilly misses analyst estimates, lowers profit forecast
October 24, 2012
J.K. WallThird-quarter earnings at Eli Lilly and Co. fell short of analysts' expectations, and the Indianapolis-based drugmaker reduced
its profit forecast by 4 cents per share for the remainder of the year.
MoreExactTarget aims to be one-stop shop with acquisitions
October 12, 2012
J.K. WallIndianapolis-based ExactTarget Inc., which grew up as an e-mail blasting company focused on consumers, is trying to entrench
itself as a one-stop shop for smartly interacting with all manner of customers.
MoreExactTarget buys interactive marketing firms for $116M
October 12, 2012
IBJ StaffThe newly public tech company said it paid $95.5 million for Atlanta-based Pardot LLC and $21 million for Indianapolis-based
iGoDigital.
MoreWellPoint reorganizes into four business units
October 11, 2012
Bloomberg NewsSeparate Medicare and Medicaid divisions each will sell plans for those government-backed insurance programs. Another will
handle commercial and individual business, and a specialty unit will provide dental, vision and disability coverage.
MoreEmmis’ quarterly profit rises on sale of station
October 11, 2012
Much of Emmis' profit stemmed from the Aug. 23 sale of KXOS-FM in Los Angeles for $85.5 million, from which the company reported
a gain from discontinued operations of $32.8 million.
MoreCummins shares slide on job cuts, lower forecast
October 10, 2012
Bloomberg NewsShares in Cummins Inc. saw their biggest one-day drop in three months Wednesday after the Columbus-based engine maker lowered
its forecasts for revenue and profit and said it expects to cut as many as 1,500 jobs by the end of the year.
MoreMembers sue consumer ratings site Angie's List over fees
October 9, 2012
Chris O'MalleyA federal lawsuit seeking class-action status alleges that Angie’s List automatically renews members' subscriptions
at a higher rate than they’re led to believe, under what it calls a “systematic and repeated breach of its membership
agreement.”
MoreLilly shares rise on Alzheimer's study results
October 8, 2012
J.K. WallEli Lilly and Co.’s Alzheimer’s drug slowed cognitive decline 34 percent in patients with mild forms of the disease,
according to an analysis of Lilly’s clinical trial data released Monday. Lilly’s share price jumped more than
5 percent on the news.
MoreCeladon shares jump along with earnings expectations
October 8, 2012
Chris O'MalleyThe Indianapolis trucking company expects its quarterly earnings to beat analysts' consensus forecast and last year's
results, thanks to acquisitions and cost controls. Shares were up 9 percent at 1 p.m.
MoreCummins shortens work week at Columbus factory
October 5, 2012
Associated PressThe engine maker says that slowing demand led to the decision to scale back hours for the 350 workers at its Columbus Fuel
Systems Plant. The new four-day workweek will continue indefinitely.
MoreWellPoint likely to go outside for chief
September 29, 2012
J.K. WallWhile WellPoint Inc. and its predecessors have a history of grooming new CEOs in-house, the next leader of the health insurance
giant is likely to be an outsider, according to interviews with more than a half dozen former directors and officers of the
company.
MoreRemy International getting prepared for another attempt at IPO
September 27, 2012
Scott OlsonThe Pendleton-based auto-parts manufacturer is offering 40,000 shares to employees and immediate family members to boost its
number of stockholders before a broader public offering.
MoreExactTarget's stock price falls as insiders unload shares
September 18, 2012
Scott OlsonThe stock fell more than 7 percent Tuesday after company insiders shed more than 7.5 million shares of the Indianapolis-based
marketing software firm. The selloff follows the expiration Monday of the company's lock-up agreement.
More'80s anti-takeover law helped sow Emmis win
September 8, 2012
Greg AndrewsThe Indiana Business Corporation Law—enacted to help Hoosier companies fight off a wave of attacks by corporate raiders—gives
boards of directors unusually broad authority to exercise judgment as they see fit.
MoreBounty on Braly? $1.4 billion
September 4, 2012
J.K. WallInvestors who called strongly for the head of WellPoint Inc. CEO Angela Braly got what they wanted last week. In response,
they bid up WellPoint's share price by $1.4 billion on the day after she resigned.
MoreRival's strong results have WellPoint playing catch-up
August 25, 2012
J.K. WallUnitedHealth has been enjoying healthy profits, growing customer rolls and a rising stock price—things the Indianapolis
insurer has been unable to match. That tough comparison lies behind some of the investor attacks on WellPoint CEO Angela Braly.
MoreWellPoint dragged into Goldman Sachs suit
August 20, 2012
J.K. WallWellPoint Inc.’s $4.9 billion offer for Virginia-based Amerigroup Inc. apparently wasn’t the only—or even the most lucrative—offer
for the Medicaid managed care company. But it was the deal surest to come to fruition before a key deadline for a big payout
for Goldman Sachs & Co., according to a shareholder lawsuit filed Aug. 16 against the Amerigroup board of directors.
MoreCummins cools off, but Seymour expansion still in works
August 18, 2012
Dan HumanCummins Inc.—a company that quadrupled its profits in two years—has shifted to cost-cutting mode amid a drop in
global sales, but the Columbus-based engine manufacturer says it’s still on track to increase sales from $18 billion
in 2011 to $30 billion in 2015.
MoreSteak n Shake customer traffic up in latest quarter
August 14, 2012
Biglari Holdings Inc., parent of Steak n Shake, said Friday that customer traffic to the restaurant chain grew 2.2 percent
during the quarter ended July 4, boosting same-store sales 2.9 percent.
MoreNew student-loan effort adding to ITT backlash
August 11, 2012
Greg AndrewsFor-profit school operator ITT Educational Services Inc. told investors late last month that it had worked out a tentative
deal with an outside party that would provide $100 million in loans to its students.
MoreAlzheimer's quest puts Lilly to test
August 11, 2012
J.K. WallOdds are long that Eli Lilly and Co.'s leading Alzheimer's drug will show positive results when its Phase 3 trial results
are released within a few weeks, but even the smallest improvement in the cognitive impairment of test patients would be a
home run for Lilly.
MoreSimon Property directors sued over CEO’s pay
August 8, 2012
Bloomberg NewsThe board of the largest U.S. shopping-mall owner wrongfully authorized a compensation package for CEO David Simon that included
$120 million in special stock awards, a Louisiana pension fund claimed in the lawsuit filed Wednesday.
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these guys only skill was to steal from other's hard earned savings.
I voted for him last time and it WAS the LAST time. He needed to to quit running around the world on useless trips, and giving our $$ away to sports teams. I'll vote for anyone but Ballard next time. BTW...we gave $40M to the Pacers and cannot even watch the games on TV.
For the people concerned about traffic, you should know that mixed-use projects (like the one being proposed), actually allows for and encourages more people to walk and bike, thereby mitigating additional automobile traffic. If we continue to design and build suburban-type projects in the City (i.e. automobile-oriented projects), we are not offering anything different from what the suburbs offer, which means we will continue to lose jobs/people to the suburbs. The reason Broad Ripple is somewhat successful today is that people want to live in a place that offers the convenience of being able to walk/bike to restaurants, retail, nightlife, the Monon, etc. Why would you not want to support a project that is complimentary to what already makes the area desirable? The real argument with this project should be its lack-luster design and layout, not the density.
It is unfortunate that there is a perception that celebrities validate an event. The Indy 500 stands on its own, especially for those coming in from out of town. It was always so disturbing to read the gushing descriptions of Ashley Judd threaded throughout the local coverage. Very happy that era is at an end.
Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.