Public Companies

Duke Realty reports smaller loss on gains from property sales

October 30, 2013
 IBJ Staff
The Indianapolis-based real estate firm held steady in the third quarter, maintaining high occupancy in its commercial buildings and increasing funds from operations.
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Strategist: Get ready for steady economic growth

October 30, 2013
Norm Heikens
Forecast 2014 Watch
                           video iconBusinesses will begin using their profits and horded cash to reinvest in themselves in 2014, helping push economic growth back to a more comfortable 2.5 percent, according to John Augustine, chief market strategist for Fifth Third Bank.
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BlackBerry woes hamper sales for BrightPoint, analysts say

October 28, 2013
Dan Human
Revenue at the Indianapolis-based provider of mobile-device logistics and distribution fell some $250 million short of expectations in the third quarter, as major customer BlackBerry saw even bigger sales declines.
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DowAgrosciences cultivates sales record, but profit withers

October 24, 2013
 IBJ Staff and Associated Press
Despite a boost in third-quarter revenue due to crop-protection products, profit for the local unit of Dow Chemical tumbled more than 71 percent.
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ExactTarget's role expands at new parent firm

October 17, 2013
Dan Human
ExactTarget CEO Scott Dorsey and his team have taken the reins of the Marketing Cloud unit at Salesforce.com, a move that has analysts raving.
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Stonegate snares less than expected in IPO

October 10, 2013
 IBJ Staff
The Indianapolis firm debuted Thursday on the New York Stock Exchange at $16 per share, well below the anticipated range of $20 to $22. In total, Stonegate's 7.1 million shares garnered $114 million.
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Emmis dials up improving sales, but profit slows

October 10, 2013
Chris O'Malley
The Indianapolis media firm's radio and publishing divisions saw healthy increases in revenue in its latest quarter. The company also posted a profit, although much less than in the same period last year.
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Stonegate expects to raise up to $156M in IPO

October 8, 2013
Chris O'Malley
The Indianapolis mortgage originator will debut Thursday on the New York Stock Exchange, the first local firm to go public since ExactTarget in 2012.
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Stocks rise as investors weigh effects of shutdown

October 1, 2013
Bloomberg News
Markets on Tuesday weren't fazed by the the first partial government shutdown in 17 years. Open enrollment for Obamacare exchanges helped WellPoint shares.
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Another top executive leaves Angie's List

October 1, 2013
Chris O'Malley
Shares of the consumer review service have dropped more than 12 percent since the company announced Monday that Chief Technology Officer Manu Thapar had departed. The firm recently hired a new chief financial officer.
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Wiley cuts at least 70 Indy employees in restructuring

September 30, 2013
Kathleen McLaughlin
John Wiley & Sons Inc., publisher of the "For Dummies" series, has sent dozens of local jobs to foreign markets as it tries to save $80 million company-wide.
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Republic Airways extends deadline for Frontier sale

September 17, 2013
Associated Press
The Indianapolis-based regional carrier plans to tie up negotiations with a prospective buyer, believed to be headed by former Spirit Airlines Inc. Chairman Bill Franke.
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Pioneer in online banking thriving on diversificationRestricted Content

August 24, 2013
Chris O'Malley
First Internet Bancorp shares are up 105 percent for the year. Founder David Becker said the Indianapolis-based bank has been careful to be geographically diversified in its real estate holdings.
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Interactive revamps sales strategy to widen client appetite

August 9, 2013
Dan Human
The Indianapolis software developer last quarter broke its sales teams into tiers—small, medium and large deals—because too many employees were going after big contracts, with their high commissions.
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Allison stock slips after owners reveal plan to sell shares

August 6, 2013
 IBJ Staff
The primary investors in Allison Transmission Holdings Inc. are looking to lock in profits by unloading 16.6 million shares of the company for more than $350 million.
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Vera Bradley to invest $26M in expansion, add 128 jobs

August 3, 2013
Associated Press
Handbag and luggage maker Vera Bradley Inc. plans to bolster its design and distribution centers near Fort Wayne.
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Baldwin & Lyons posts 21-percent boost in profit

August 1, 2013
 IBJ Staff
The insurer of trucking and auto fleets reported healthy jumps in profit and revenue in the second quarter, spurred by record premiums written by subsidiaries.
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Cummins shares jump on 2-percent revenue boost

July 30, 2013
 IBJ Staff
Shares of Columbus-based engine maker Cummins Inc. shot up 4 percent in Tuesday morning trading despite a reported 11-percent dip in profit for its second quarter.
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Gears slip for Allison Transmission in second quarter

July 30, 2013
 IBJ Staff
Profit and revenue fell for Allison Transmission Holdings Inc. in its second quarter, as demand in its mining and military markets slipped.
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CNO profit jumps 17 percent

July 29, 2013
Chris O'Malley
The Carmel-based insurer and financial services company reported strong earnings on a slight increase of revenue for the second quarter.
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Ingersoll-Rand spin-off names CEO for Carmel operation

July 9, 2013
Mason King
The $2 billion global security company slated to take shape in Carmel later this year has added a major piece to its executive puzzle: CEO David D. Petratis.
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CNO repurchases $50M in shares in second quarter

June 29, 2013
Bloomberg News
The Carmel-based insurer expects to repurchase $250 million to $300 million of securities this year.
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Proxy Corner: Vera Bradley Inc.Restricted Content

June 22, 2013
Vera Bradley Inc., 2208 Production Road, Fort Wayne, Ind., 46808, sells handbags, accessories, paper-and-gift items and travel items through 65 retail stores, 11 outlet stores, 3,400 specialty stores and through verabradley.com.
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IPL parent eyes Indy for corporate services hub

June 13, 2013
Kathleen McLaughlin
AES Corp., based in Arlington, Va., has been considering Indianapolis as the hub for a new shared-services center, and is planning a major economic development announcement in the city on Friday.
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Salesforce slow to excite investors after $2.5B buyout of ExactTarget

June 10, 2013
Dan Human
Shares of the California-based cloud computing giant continue to lag after last week's announcement of its $2.5 billion offer for Indy-based marketing powerhouse ExactTarget.
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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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