March 5, 2012
J.K. WallArcadia Resources Inc. is telling shareholders not to buy its stock because it is out of cash and faces a $40 million pile
of debt that comes due on April 1.
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March 1, 2012
IBJ Staff and Bloomberg NewsIndianapolis-based Allison Transmission Holdings Inc., the former parts unit of General Motors Co., is seeking to raise as
much as $522 million for its private-equity owners in an initial public offering.
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February 25, 2012
IBJ StaffThe company said its new internal structure is to ensure that Cummins maintains high ethical standards as it grows throughout
the world.
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February 23, 2012
IBJ StaffIndianapolis-based Angie's List beat analysts’ revenue expectations in its first quarter as a public company, seeing
results from a marketing campaign that drove up expenses.
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February 22, 2012
Shares of the wireless-device logistics provider fell more than 8 percent Wednesday morning after the company lowered its
annual earnings guidance in response to the loss of a major customer.
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February 22, 2012
Scott OlsonThe Indianapolis-based company should post a loss of 11 cents per share when it reports its first earnings as a public company
on Wednesday afternoon. But at least one analyst is upbeat about its long-term prospects.
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February 11, 2012
Greg AndrewsAnalysts say the company has struggled to generate the consistent earnings that rivals have, in part because of mispricing
of its Medicare Advantage senior coverage.
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February 6, 2012
J.K. WallRoche Diagnostics Corp.’s North American business, which is headquartered in Indianapolis, posted a 4-percent boost
in sales last year on the strength of its fluid analyzer business unit, even though its diabetes sales fell.
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January 26, 2012
Associated PressIndianapolis-based Republic Airways Holdings Inc. on Wednesday raised its outlook related to the performance of its Frontier
Airlines service.
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January 23, 2012
Greg AndrewsJerry Throgmartin helped transform HHGregg from a local electronics retailer into a national player with more than $2 billion
in revenue. He died over the weekend while visiting his ranch in Colorado.
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January 14, 2012
Chris O'MalleyIndianapolis-based ProLiance, a natural-gas marketer and supplier, was singed by a $57.2 million pretax loss in the first
nine months of 2011, causing some analysts to wonder if majority owner Vectren Corp. will try to sell its 61-percent stake
in the company.
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January 13, 2012
Strong sales in North America and Europe helped the Indianapolis-based machine-tool maker.
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January 9, 2012
J.K. WallIndianapolis-based Eli Lilly and Co. is now in the predicament of watching revenue fall as its patents on older products expire,
even as the company needs to spend more money on marketing and research to boost sales of new drugs.
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January 7, 2012
Greg AndrewsDavid Simon's massive new compensation plan—which includes a $120 million long-term bonus—is a drop in the
bucket compared with the wealth the company has been creating in recent years, even as the overall market zigs and zags.
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January 7, 2012
Biglari Holdings Inc. is a San Antonio-based holding company that owns Indianapolis-based Steak n Shake, Roanoke, Va.-based
Western Sizzlin and invests in a diverse range of businesses.
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December 31, 2011
Greg AndrewsBrightpoint sues Miami rival Brightstar twice in one week over its hiring of two former executives of the local wireless-phone
distributor.
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December 31, 2011
J.K. WallEli Lilly and Co., after more than a decade of setbacks, is counting on diabetes to help it survive a string of patent losses
on other products that have begun to sap the drugmaker's sales.
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December 27, 2011
J.K. WallIt looks like Arcadia Resources Inc.’s DailyMed pharmacy business will live on—but under the wing of Walgreen
Co. instead of on its own.
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December 24, 2011
The highest-profile Hoosier initial public offering was staged by Angie’s List Inc., the online provider of consumer
reviews. The Indianapolis-based company raised $76 million by selling new shares, and existing stockholders raked in another
$31 million by selling some of their holdings.
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December 22, 2011
For the three-week period ended Dec. 18, the Indianapolis-based athletic apparel retailer said sales in stores open at least
a year increased 7 percent from the same time last year. For the entire quarter, company profit increased 35 percent, to $5.5
million.
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December 20, 2011
IBJ StaffCracker Barrel shareholders appear to have rejected Sardar Biglari’s move to join the restaurant chain’s board,
but stopped short of passing a “poison pill” plan that would deter outside investors from taking over the business.
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December 19, 2011
Scott OlsonThe investors are concerned Emmis will gain voting rights to two-thirds of the preferred shares and that it would use that
clout to get out of paying millions of dollars in dividends.
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December 6, 2011
Cory SchoutenNew rules proposed for real estate investment trusts in the United Kingdom could help Indianapolis-based Simon Property Group
Inc. as it seeks to expand its shopping mall dominance outside the United States.
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December 6, 2011
J.K. WallOneAmerica earned $15.4 million in the three months ended Sept. 30, down 53 percent from the same quarter a year ago. Most
of that difference came from a 17-percent jump in policy benefit payments.
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December 3, 2011
Greg AndrewsThings change so fast in the technology world that the prospectus ExactTarget Inc. filed four years ago when it first sought
to go public reads today almost like something from the floppy-disk era.
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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.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.