Public Companies

Lilly on the rise as investors run back to pharma stocks

April 22, 2013
J.K. Wall
Investors are gaining confidence in the ability of major drugmakers, including Eli Lilly and Co., to improve their pipelines of new products. The big pharma firms begin to report first-quarter earnings this week.
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Report: ExactTarget mulling 200-person Atlanta office

April 19, 2013
Dan Human
The expansion by the Indianapolis-based digital marketer would follow its $95.5 million purchase last year of Atlanta-based marketing automation firm Pardot.
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Expected revenue slump spurs Lilly to cut sales force

April 11, 2013
J.K. Wall
The Indianapolis pharmaceuticals giant said Thursday that it would lay off hundreds of U.S. sales reps, as it prepares for the loss of patent protection on two of its best-selling drugs.
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Indiana furniture maker to exit stock exchange

April 9, 2013
Mason King
The board of directors of Chromcraft Revington Inc., a West Lafayette-based designer and manufacturer of furniture, has decided to pull its shares from the New York Stock Exchange.
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WellPoint execs get double-digit pay bumps while stock falls

April 4, 2013
J.K. Wall
The Indianapolis-based health insurer’s board of directors approved higher compensation heading into 2012, after most of its top executives saw their pay hold steady or decline in 2011.
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Lilly to spend $180M doubling size of Indy plant

April 2, 2013
The new investment will bring the plant's total price tag to $320 million as the pharmaceutical giant seeks to increase production of insulin and related products.
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CNO Financial to take $57M charge in first quarter

March 28, 2013
Associated Press
The Carmel-based insurance holding company says it expects to buy back more of its shares and take a special charge tied to a recent tender offer.
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Local REITs charge ahead of pack in bull market

March 27, 2013
Scott Olson
Indiana real estate investment trusts are hitting new highs while outpacing the bull market and their peers in the usually hardy and suddenly hot sector.
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Printing firm to bring 360 jobs to Jeffersonville

March 26, 2013
 IBJ Staff
Ohio-based Standard Printing says it will invest nearly $10 million to lease and renovate a 335,000-square-foot facility.
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Calumet goes back to market with public offering

March 26, 2013
 IBJ Staff, Associated Press
The Indianapolis-based petroleum refiner plans to use proceeds from the 5.3 million unit stock offering for working capital, acquisitions and possibly the redemption or repurchase of debt.
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Software maker plans 400 hires, including 250 in Indianapolis

March 25, 2013
Dan Human
Interactive Intelligence says it needs more workers to handle increased business as it attracts larger clients and grows its sales related to cloud data storage and management.
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Barron's enthrones Simon among world's best CEOs

March 25, 2013
Mason King
Already one of the most highly regarded CEOs in Indiana and in his industry, David Simon of Simon Property Group now is keeping company with the likes of Warren Buffett, Amazon's Jeff Bezos and Larry Page of Google.
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ExactTarget stock sluggish 1 year after IPO, but analysts bullish

March 22, 2013
Dan Human
Analysts remain bullish on the Indianapolis-based email marketing firm despite its sluggish stock price, due to the company's strong revenue and aggressive investment in research and acquisitions.
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Hillenbrand CEO Camp to step down in September

March 21, 2013
Associated Press
Kenneth Camp helped transform Batesville-based Hillenbrand Inc. from a $650 million casket company serving North America to a $1.6 billion global diversified industrial company.
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With TV business ‘forever changed,’ HHGregg retoolsRestricted Content

March 16, 2013
Greg Andrews
CEO Dennis May said: "We see the HHGregg of the future as a home products store that also sells consumer electronics."
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Hurco names new president

March 15, 2013
Gregory S. Volovic has been at the machine-tool manufacturer since 2005 and most recently served as executive vice president of technology, operations and North American sales and service.
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Baldwin to move HQ to Carmel, add 133 jobs

March 4, 2013
J.K. Wall
Trucking and auto fleet insurer Baldwin & Lyons Inc. plans to move its headquarters from downtown Indianapolis to Carmel by the end of the year and hopes to add 133 jobs over the next five years, the company announced Monday afternoon.
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Republic Airways pulls out of earnings dive

February 28, 2013
 IBJ Staff
Restructuring efforts at Republic Airways Holdings spurred the regional airline operator to a fourth-quarter profit of $12.6 million, or 25 cents per share, the company announced Wednesday.
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LEADING QUESTIONS: Mainstreet CEO masters efficiency

February 27, 2013
Mason King
LQ_Turner_WatchVideo MainstreetWhat are Zeke Turner's top five strategies for keeping his work week under 40 hours? Do you really need work e-mail on your smart phone? What's it like to take a company public? The real estate exec has answers.
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Market's surge fuels wave of executives' insider sellingRestricted Content

February 23, 2013
Kathleen McLaughlin
Insiders at Indianapolis-area companies cashed in millions of dollars of their own companies’ shares this month, a selling spree that might reflect growing sentiment the market rally is ending.
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Angie's List shares soar on first-ever quarterly profit

February 14, 2013
Chris O'Malley
Shares of Angie's List shot up 26 percent, or $3.65 a share, in trading late Thursday morning as its latest quarterly report showed vastly improved results and indicated the firm might have turned the corner.
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American, US Airways to merge, create world's biggest carrier

February 14, 2013
Associated Press
The $11 billion deal could well result in the elimination of some overlapping routes the carriers operate out of Indianapolis International Airport. Together, the two airlines have a combined market share of nearly 24 percent in Indianapolis.
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Angie's List turns corner on profitability

February 13, 2013
Chris O'Malley
Indianapolis-based Angie's List on Wednesday reported fourth-quarter profit of $2.4 million—the consumer-ratings service's first profitable period since its 1995 founding.
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WellPoint shares tumble on surprising CEO hire

February 13, 2013
J.K. Wall
The Indianapolis-based health insurer saw its stock tumble as much as 4.8 percent Wednesday morning after it unexpectedly named career hospital executive Joe Swedish to be its next CEO.
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Calumet's 2012 profit rockets to $205.7 million

February 13, 2013
Dan Human
An acquisition spree helped oil refiner Calumet Specialty Products increase profit almost five-fold in 2012, the Indianapolis-based company reported Wednesday morning.
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