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Public Companies
Baldwin to move HQ to Carmel, add 133 jobs
March 4, 2013
J.K. WallTrucking 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.
MoreRepublic Airways pulls out of earnings dive
February 28, 2013
IBJ StaffRestructuring 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.
MoreLEADING QUESTIONS: Mainstreet CEO masters efficiency
February 27, 2013
Mason King
What 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.
Market's surge fuels wave of executives' insider selling
February 23, 2013
Kathleen McLaughlinInsiders 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.
MoreAngie's List shares soar on first-ever quarterly profit
February 14, 2013
Chris O'MalleyShares 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.
MoreAmerican, US Airways to merge, create world's biggest carrier
February 14, 2013
Associated PressThe $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.
MoreAngie's List turns corner on profitability
February 13, 2013
Chris O'MalleyIndianapolis-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.
MoreWellPoint shares tumble on surprising CEO hire
February 13, 2013
J.K. WallThe 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.
MoreCalumet's 2012 profit rockets to $205.7 million
February 13, 2013
Dan HumanAn acquisition spree helped oil refiner Calumet Specialty Products increase profit almost five-fold in 2012, the Indianapolis-based
company reported Wednesday morning.
MoreCNO Financial boosts fourth-quarter profit
February 11, 2013
The Carmel-based holding company for insurance firms reported fourth-quarter 2012 net income of $101.2 million, or 41 cents
a share. That was a 57 percent jump over the same quarter in 2011.
MoreFirm's Klipsch purchase hasn't rocked Wall Street
February 9, 2013
Dan HumanVoxx International Corp.’s $166 million buyout of Indianapolis-based speaker maker Klipsch Group two years ago so far
hasn’t generated the excitement on Wall Street that Voxx wants.
MoreFinish Line exec resigns after website redesign debacle
February 5, 2013
Anthony SchoettleLess than three months after a disastrous launch of a newly designed website that cost the retail company $3 million in sales,
The Finish Line Inc. has parted ways with its chief digital officer.
MoreZimmer highly exposed to health-reform risk
January 28, 2013
J.K. WallShares of Zimmer Holdings Inc. have generated impressive returns of 23 percent in the past year and some 2013 product launches
could juice those results even further. But the Warsaw-based maker of orthopedic implants is also the most-exposed company
in its industry to two key elements of health care reform: the medical device tax and bundled payments.
MoreOnce-thriving drug lab in turnaround mode
January 26, 2013
J.K. WallTwo years ago, executives at AIT Laboratories “took their eye off the ball,” and watched the company’s business
plummet 29 percent in value. Now, after two years of turmoil, the drug-testing lab says it’s poised to return to the
double-digit rates of growth that made it a local star.
MoreTool-maker Hurco makes headway after tough stretch
January 26, 2013
Dan HumanThe company, which develops computer-controlled equipment for cutting and forming metal, made progress in fiscal 2012 toward
restoring profitability to pre-recession levels.
MoreExactTarget stock finishes year in positive territory
January 12, 2013
The marketing software maker that went public in March is ahead of its offering price even as it suffers because of some competitors'
woes.
MoreAnalysts: ITT's woes are likely to worsen
January 12, 2013
J.K. WallInvestors have dumped the already-depressed shares of ITT Educational Services Inc. after the operator of for-profit colleges
shelled out $46 million for bad private student loans it had backed to help students pay the portion of its pricey tuition
that federal loans won’t cover. With fewer ITT graduates able to find jobs, the default rates on these loans has spiked.
MoreSKARBECK: Value investors tempted by HHGregg valuations
January 12, 2013
Ken SkarbeckA fascinating case study can be found in the divergent fortunes of locally based HHGregg and Texas-based Conn’s Inc.
MorePROXY CORNER: Horizon Bancorp
January 5, 2013
IBJ StaffHorizon Bancorp, 515 Franklin Square, Michigan City, Ind. 46360, operates as Horizon Bank and Heartland Community Bank.
More2012 NEWSMAKER: CEO keeps Simon stock surging
December 28, 2012
IBJ StaffIf there were an MVP for local CEOs, David Simon would again find himself at or near the top of the list in 2012.
MoreAnalyst: WellPoint CEO search down to two
November 19, 2012
J.K. WallAccording to one Wall Street analyst, the search for a new CEO for Indianapolis-based health insurer WellPoint Inc. is down
to two candidates: former Aetna Inc. CEO Ron Williams and Amerigroup Corp. CEO Jim Carlson.
MorePlenty of turbulence ahead, despite Republic's progress
November 17, 2012
Greg AndrewsAnalysts are impressed by Bedford’s cost-cutting achievements at Republic’s scheduled-service carrier, Frontier
Airlines, and his early progress in restructuring its Chautauqua unit, which flies small regional jets on contract for branded
carriers.
MoreSmall biz exposure clouds WellPoint's future
November 12, 2012
J.K. WallWellPoint’s average small-employer client has just 8.5 lives covered on its health plan. And firms of that size are
far more likely to use the new health insurance exchanges, said WellPoint Chief Financial Officer Wayne DeVeydt.
MoreStocks plunge after election, and as Europe woes deepen
November 7, 2012
Associated PressThe Dow Jones industrial average plummeted as much as 369 points, or 2.8 percent, in the first two hours of trading. It recovered
steadily in the afternoon, but slid into the close and ended down 313, its biggest point drop since this time last year.
MoreDuke loss narrows, quarter meets expectations
November 1, 2012
IBJ StaffIndianapolis-based Duke Realty Corp. on Wednesday reported a third-quarter loss of $28.2 million, smaller than a loss of $32
million in the same quarter of 2011.
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I'd rather the state keep my $7 instead of sending $3 to me and $4 to some attorney.
Hey Horace, I totally support your right for freedom of religious expression as well as your right to take this class. BUT I do believe this class should be presented as part of a religion curriculum and not as a science course.
Gob Bluth
Scotty's Lakeside at Geist was SO much better than this new Detour. We enjoyed the family nights, atmosphere, food and selection of local beers at Scotty's Lakeside. The new Detour has a lower level of service and we were not impressed with the food and beer selections. Would love to have Scotty's Lakeside back!!!
I have only been to The Precedent Scotty's location, but food and service have been consistently good and they are always packed. I'd love to say 'good-bye' to Detour(big babies). Since that area is built and intended to a mix of residential and business, there should not be any kind of noise level that would disturb any of the homeowners or patrons nearby. I've been to Detour only once (all it takes for me) and the food was so-so and overpriced and the service was under-par. Keep on trucking Mr. Wise!