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Public Companies
Software firm seeks to reorganize as holding company
April 12, 2011
Scott OlsonInteractive Intelligence Inc. will ask shareholders at its next annual meeting to vote on a proposal to reorganize the software
firm under a new holding company called Interactive Intelligence Group Inc.
MoreZimmer goes on offensive against lawyers
March 30, 2011
J.K. WallThe Warsaw-based maker of orthopedic implants has filed suit to stop a Detroit-area law firm from making allegedly false claims
and using its trademarks on websites designed to attract plaintiffs to sue Zimmer over one of its knee-replacement implants
called NexGen.
MoreAnother suit filed in Emmis, financier dispute
March 28, 2011
Emmis Communications Corp. is accusing Alden Global Capital, which once backed Emmis CEO Jeff Smulyan's attempt to take the
company private, of violating the "short-swing rule." This is the third suit involving the parties since Smulyan called off
the move last year.
MoreRemy International files plans for public offering
March 28, 2011
Associated PressPendleton-based manufacturer Remy International Inc., the former General Motors Co. unit that exited bankruptcy in 2007, has
filed plans to raise up to $100 million through an initial public stock offering.
MoreToning-shoe trend fading, but doesn't trip up Finish Line
March 25, 2011
Cory SchoutenThe toning trend in athletic shoes apparently has run its course. Sales of the oddly shaped shoes fell more than 45 percent
in the fourth quarter for The Finish Line Inc., but the local retailer still posted improved profit and revenue.
MoreFinish Line reports rise in quarterly earnings, sales
March 25, 2011
Associated PressThe Indianapolis-based retailer earned $34.3 million in its fiscal quarter, compared with $30.6 million a year ago. Revenue
rose 2.7 percent, to $384.6 million.
MoreDrugmakers call off animal-health deal, possible asset sale
March 22, 2011
IBJ Staff and Bloomberg NewsDrugmakers Merck & Co. and Sanofi-Aventis SA have abandoned plans to combine their animal-health businesses after wrestling
with regulators for a year over potential divestitures.
Indianapolis-based Eli Lilly and Co. was among a list of possible suitors for about $1 billion in assets the two companies
considered selling.
MoreAllison Transmission files for $750M IPO
March 20, 2011
Kathleen McLaughlinAllison Transmission Inc. is counting on upgrades to truck and bus fleets in countries like China and India for its future
growth, the company revealed in a filing it made Friday to raise up to $750 million through an initial public offering.
MorePROXY CORNER: Eli Lilly and Co.
March 19, 2011
IBJ StaffEli Lilly and Co., Lilly Corporate Center, Indianapolis, 46285 (www.lilly.com) discovers, develops, manufactures and sells
pharmaceutical products for humans and animals.
MoreShoe Carnival reports record annual profit
March 18, 2011
The Evansville-based shoe and apparel retailer said it earned $26.8 million in its last fiscal year. The company also reported
record same-store sales.
MoreLechleiter: After the deluge, we'll be fine
March 16, 2011
J.K. WallEli Lilly and Co. CEO John Lechleiter visited Japan last week—three days before the massive earthquake—to deliver
his tried-and-true message: Drug companies need to reinvent invention, governments needs to support innovation, and Lilly
will be just fine after it has sustained the damage of the next three years.
MoreAnnual profit, revenue shrink for Noble Roman's
March 15, 2011
IBJ StaffThe Indianapolis-based pizza franchisor saw declining results from its restaurants, but got a boost from its growing line
of take-and-bake products.
MoreLilly agrees to buy European animal health company
March 14, 2011
J.K. WallElanco, the animal health division of Eli Lilly and Co., has agreed to acquire Jannsen Animal Health, a subsidiary of New
Jersey-based Johnson & Johnson, pending regulatory approval. Financial terms of the deal were not disclosed.
MoreNoble Roman's expands grocery offerings to boost bottom line
March 12, 2011
Cory SchoutenThe Indianapolis company, founded in 1972, started as a chain of sit-down family restaurants but continues to find new outlets
for its products.
MoreHurco turns first quarterly profit in two years
March 10, 2011
The Indianapolis-based machine tool maker reported profit of $1.5 million on revenue of $39.7 million in its fiscal first
quarter.
MoreNew federal rules prompt ITT to change bonus-pay criteria
March 9, 2011
Scott OlsonThe Carmel-based for-profit educator still will pay its top executives bonuses, but they'll no longer be tied to school enrollment,
the company said Tuesday in a proxy filing.
MoreIndiana executives pare stock holdings
March 5, 2011
Cory SchoutenExecutives and directors at several Indiana public companies took advantage of market strength in February to pare back their
stock holdings, narrowly missing a pullback sparked by turmoil in Libya.
MoreFirst Internet Bancorp reports record annual profit
February 25, 2011
The parent of First Internet Bank earned $4.9 million in 2010 compared with a loss of $2.1 million the previous year.
MoreAuto auctioneer KAR sees quarterly profit surge
February 24, 2011
J.K. WallCarmel-based KAR Auction Services Inc. announced Wednesday that it pulled in profit of $7.3 million in the three months ended
Dec. 31, a 38-percent jump from the $5.3 million earned in the same quarter the prior year.
MoreTruck stocks signal economic growth
February 24, 2011
Bloomberg NewsCompanies that act as brokers for trucking services are gaining favor with investors as the 20-month-old rebound shifts into
a new phase that’s less dependent on inventory restocking.
MoreRepublic takes quarterly loss but beats analyst estimates
February 23, 2011
J.K. WallRepublic Airways suffered a loss in its fourth quarter as its Frontier Airlines business continued to lose money and its contract
business with other airlines remained slower than in 2009. But the airline's performance easily topped expectations of Wall
Street.
MoreWellPoint board declares 25-cent dividend
February 23, 2011
Associated PressWellPoint Inc. became the latest health insurer to reward shareholders with a quarterly payout after piling up cash from a
string of strong financial performances.
MoreJudge tosses Noble Roman's franchisee claims
February 21, 2011
Cory SchoutenNoble Roman's Inc. has won a pivotal courtroom victory in a battle with 14 former franchisees of its dual-branded Noble
Roman’s Pizza and Tuscano’s Italian Style Subs restaurants.
MoreEmerging markets give Lilly hope in patent crunch
February 19, 2011
J.K. WallIn a kind of alternate drug universe, sales of Eli Lilly and Co.’s ghosts of blockbusters past are soaring in China—prompting
the drugmaker to pour money into emerging markets in an attempt to prop up revenue.
MoreKite Realty sees decline in quarterly results
February 16, 2011
Associated PressIndianapolis-based Kite Realty Group Trust on Wednesday reported a fourth-quarter loss on declining revenue.
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Can IBJ please stop referring to this property as "Kessler Mansion"? What a ridiculous title for the biggest, bloated, blight in our city. It's not a mansion. At best, it's an ideal site to shoot low-budget porn. Ahhh! Another business use!
Its stories like these that prove that a Ball State diploma is worth less than the paper that its printed on. A real institution of higher learning would have taken care of this long ago. No way should this crap be taught in a SCIENCE class.
It is such a shame that King Ballard has made Indianapolis into Chicago south with all of the rampant corruption.
How many of these 1,259 bills were actually heard and voted on on the floor vs how many were shot down in committee?
When a an arrogant young guy with essentially no experience and no qualifications for the job, was dropped into an Administrator position out of nowhere by his "mentor" in the Mayor's office things seemed fishy. Sometimes things are what they seem.