Public Companies

Arcadia Resources says it will add 930 jobs

May 19, 2010
Scott Olson
Executives of the health care services provider will be joined by Gov. Mitch Daniels and Mayor Greg Ballard for a Thursday morning announcement at the company's headquarters.
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Bioanalytical Systems reports loss in second quarter

May 17, 2010
 IBJ Staff
Bioanalytical Systems Inc. narrowed its losses in the second fiscal quarter despite a 2 percent drop in revenue, the West Lafayette-based contract research firm said late last week.
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Unorthodox pay package puts Biglari on defensiveRestricted Content

May 15, 2010
Greg Andrews
Sardar Biglari, chairman and CEO of Biglari Holdings Inc., the Texas-based parent of Steak n Shake, rolled out a hedge-fund-style compensation plan for himself late last month that could put staggering sums in his pocket.
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Bioanalytical Systems names new chief executive

May 14, 2010
 IBJ Staff
West Lafayette-based Bioanalytical Systems Inc. has promoted Anthony S. Chilton to CEO following the retirement of top executive Richard M. Shepperd earlier this year.
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Braly, Obama spar again over WellPoint cancellation policies

May 10, 2010
J.K. Wall
CEO of Indianapolis-based health insurer wrote to Obama on Sunday to rebut the president's criticism that WellPoint seeks out breast cancer patients to cancel their policies.
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Finish Master profit slides

May 7, 2010
 IBJ Staff
Recession aftermath continued taking a toll on sales of paint for auto repairs.
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Noble Roman's reports lower profit, revenue

May 7, 2010
Indianapolis-based pizza and sub chain saw a decline in royalties and ongoing fees from franchisees in the first quarter.
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Kite reports first-quarter loss on lower revenue

May 6, 2010
Developer's $1.1 million loss in the first quarter reflected lower construction activity and lower gains on land and outlet sales.
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Adesa parent increases revenue, profit

May 6, 2010
 IBJ Staff
Carmel-based KAR Auction Services Inc. on Wednesday reported a first-quarter profit of $8.1 million, reversing a $3.5 million loss in the same period last year.
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Brightpoint reports higher revenue, earnings

May 6, 2010
 IBJ Staff
Brightpoint handled 22.5 million units in the first quarter, a jump of 21 percent compared to the first quarter of 2009.
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Republic suffers $36.5M loss in first quarter

May 5, 2010
Indianapolis-based carrier took an $11.5 million charge to write off the Midwest Airlines brand name. Republic is combining Milwaukee-based Midwest with Denver-based Frontier Airlines.
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Reduced production drives Calumet to a loss

May 5, 2010
 IBJ Staff
High crude oil prices and lower production hurt the bottom line at Calumet Specialty Products Partners LP, which Wednesday reported a $13.1 million first-quarter loss. It posted a $75.6 million profit in the first three months of 2009.
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Biglari Holdings targets auto-parts chain

May 3, 2010
Cory Schouten
The parent company of Steak n Shake restaurants is angling to acquire a huge stake in the Advance Auto Parts chain.
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PROXY CORNER: Brightpoint Inc.

May 1, 2010
 IBJ Staff
Brightpoint Inc. provides worldwide distribution and integrated logistics services to the wireless communications industry.
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Simon Property earnings fall on debt-retirement expenditures

April 30, 2010
Bloomberg News
Funds from operations fell to $325.6 million, or 94 cents a share, from $476.8 million, or $1.61 a year earlier, the Indianapolis-based shopping mall giant said Friday morning.
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Earthquake shakes Baldwin's first-quarter profit

April 29, 2010
J.K. Wall
The February earthquake in Chile sent first-quarter profit tumbling 90 percent at Indianapolis-based property and casualty insurer Baldwin & Lyons Inc.
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Duke Realty reports leasing at 5-year high

April 29, 2010
Cory Schouten
Duke Realty Corp. handled more leasing activity last quarter than it has in any first quarter in five years, the locally based real estate investment trust said on Wednesday.
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Medco Health profits climb as it adds big clients

April 28, 2010
 IBJ Staff and Associated Press
Medco, which operates a major pharmacy and distribution center in Whitestown, got a boost from higher prices on brand-name drugs and from greater sales of more profitable generic drugs.
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Dow AgroSciences' profit rises despite lower revenue

April 28, 2010
 IBJ Staff and Associated Press
The Indianapolis unit of Dow Chemical sees quarterly profit rise 6 percent, to $384 million, despite an 8-percent dip in revenue. The parent company reports strongest quarterly results in more than a year.
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Interactive Intelligence reports strong profit, revenue

April 28, 2010
Interactive Intelligence's quarterly profit rises to $1.9 million, a 58-percent improvement over the first three months of last year.
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WellPoint profits rise, beat analysts' expectations

April 28, 2010
J.K. Wall
The Indianapolis-based health insurer was helped in first quarter by a mild flu season, but it now expects to lose nearly 700,000 customers by year end.
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Cummins profit jumps on demand from emerging markets

April 27, 2010
Scott Olson
The Columbus-based engine maker sees sales increase in developing countries such as China, India and Brazil.
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Celadon reports quarterly profit on higher revenue

April 27, 2010
The Indianapolis-based trucking company saw profit rise to $400,000 in its third quarter from a $2.1 million loss in the same period last year.
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General Growth hearing delayed to weigh bids

April 26, 2010
Bloomberg News
General Growth Properties Inc., the second-biggest U.S. mall owner, said a bankruptcy court hearing on its auction process will be delayed five days to give the company time to consider competing bids, including one from Indianapolis-based Simon Property Group.
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UPDATE: Emmis takeover deal unlikely to hit turbulence

April 26, 2010
Greg Andrews, Scott Olson
A big Emmis Communications Corp. shareholder believes the $90 million deal CEO Jeff Smulyan unveiled Monday morning to take the company private is unlikely to get derailed—even though it’s worth far less than a takeover offer Smulyan failed to get through his board four years ago.
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