Public Companies

Arcadia sees smaller loss, extends WellPoint pact

August 9, 2010
 IBJ Staff
Indianapolis-based health care firm reaches agreement to offer its DailyMed product to more WellPoint Inc. health plan members.
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Finish Line founders giving up their extra voting powerRestricted Content

August 7, 2010
Greg Andrews
The influence of founders’ families in public companies usually wanes over time. But few firms accelerate the process, as Finish Line is doing.
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New store openings drive HHGregg profit

August 5, 2010
Indianapolis-based appliance and electronics retailer opened 26 new stores in its fiscal first quarter and earned $2.7 million in profit.
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Kite Realty Group reports lower funds from operations

August 5, 2010
Scott Olson
Indianapolis-based developer said the loss reflected slower construction activity and lower profit on land and outlet sales. Occupancy at its retail centers increased, however, to 91 percent.
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Brightpoint boosts revenue, profit

August 5, 2010
 IBJ Staff
Brightpoint Inc. on Wednesday reported second-quarter revenue of $788.6 million as the Indianapolis company continued to grow its share of the wireless device distribution business.
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Smulyan considering another option to take Emmis private

August 4, 2010
Scott Olson
The communications company said in a news release that CEO Jeff Smulyan is continuing to negotiate with a group of preferred shareholders and is considering another buyout option that would not require their consent.
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Hillenbrand profit falls on acquisition costs

August 4, 2010
 IBJ Staff
Excluding acquisition costs, the Batesville-based maker of caskets exceeded Wall Street forecasts with earnings of $28.1 million.
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Calumet see smaller loss in second quarter

August 4, 2010
 IBJ Staff
The Indianapolis-based owner of oil refineries lost $907,000 in the three months ended June 30. In the same quarter last year, the company lost $26 million.
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Republic Airways profit dips despite higher revenue

August 4, 2010
 IBJ Staff
The 2009 acquisition of Frontier and Midwest airlines more than doubled second-quarter revenue for Indianapolis-based Republic Airways Holdings Inc., the company said late Tuesday, but profit fell because of additional expenses.
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Revenue, earnings up for KAR Auction Services

August 4, 2010
 IBJ Staff
The company had revenue of $470 million in the quarter ended June 30, a 7-percent increase over the $439.1 million it reported in the same quarter of 2009.
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UPDATE: Emmis postpones buyout decision

August 3, 2010
Scott Olson, J.K. Wall
Emmis Communications Corp. on Tuesday postponed a decision on CEO Jeff Smulyan's bid to take the company private, saying it did not receive enough votes from shareholders to reach a quorum.
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CNO Financial profits surge 20 percent, beating expectations

August 3, 2010
J.K. Wall
The Carmel-based life and health insurer earned $33.1 million in the three months ended June 30, or 12 cents per diluted share. Excluding losses on investments and retired debt, the company would have earned 16 cents per share.
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Emmis shares skid ahead of buyout vote

August 3, 2010
J.K. Wall
Opposition by preferred shareholders has Emmis shares trading at more than 30 percent below the buyout price of $2.40 per share.
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Dow Agro boosts sales, profit in second quarter

August 3, 2010
 IBJ Staff and Bloomberg News
Indianapolis-based Dow AgroSciences improved sales and profit in its second quarter thanks to higher volumes and lower costs, the company said Tuesday morning.
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Celadon reports higher quarterly, fiscal-year profit

August 2, 2010
CEO Steve Russell attributed the improved earnings to a recovering freight environment, coupled with a decrease in competition. Celadon also is benefiting from increased trade with Mexico.
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Preferred-shareholders group may thwart buyout of Emmis

July 31, 2010
Anthony Schoettle
Emmis Communications Corp. Chairman Jeff Smulyan’s effort to take the media company private could be derailed by a band of preferred stockholders who oppose the plan.
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Hoosier firms find cutting costs no substitute for growthRestricted Content

July 31, 2010
Greg Andrews
The gains amid economic malaise are impressive, but also unsustainable. Companies can’t continue to grow earnings forever based on cost-cutting.
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Simon Property Group reports improved quarterly results

July 30, 2010
 IBJ Staff
The Indianapolis-based real estate giant experienced higher occupancy and sales at its shopping malls compared to a year ago.
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Hill-Rom raises profit forecast after quarterly earnings jump

July 29, 2010
J.K. Wall
The Batesville-based maker of hospital beds and furniture announced Wednesday night that it earned $30.6 million in its third quarter, up from $20.2 million in the same quarter of 2009.
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First Internet Bank reports strong second quarter

July 29, 2010
Fewer loan losses and an increase in net-interest income help the bank post one of its biggest quarterly profits in company history.
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Duke Realty's loss widens despite higher revenue

July 29, 2010
Scott Olson
Indianapolis-based real estate investment trust reports bigger quarterly loss, even though revenue, occupancy and tenant-retention rates rise.
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Baldwin profit falls on smaller investment returns

July 29, 2010
J.K. Wall
The Indianapolis-based insurer of truck and car fleets earned $5 million in the quarter ended June 30, down from $14.2 million in the same quarter a year ago.
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Investors fear insurers' rosy outlook will boost regulators' scrutiny

July 29, 2010
Bloomberg News
Indianapolis-based WellPoint Inc. became the third U.S. health insurer this month to increase its 2010 profit forecast, stirring investor concern that state and federal regulators may increase scrutiny of industry pricing.
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WellPoint gains confidence as profits rise

July 28, 2010
J.K. Wall
The Indianapolis-based health insurer raised its full-year profit forecast after it earned $722.4 million, 4 percent higher than during the same quarter a year ago. Revenue and health plan membership fell.
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Cummins' profit rises on strong overseas sales

July 27, 2010
Columbus-based diesel engine manufacturer raised its full-year earnings forecast after second quarter profit rose to $246 million.
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  1. Uh, sorry Johnnie, but you are incorrect. Despite the assertions by yourself and various defenders and captains, sports attendance is NOT off significantly at most sporting events in the US. Variances in attendance has been in the range of single digits, both + & - for years now. MLB has had most of its best overall attendance nubers in the last decade, and that trend has been consistent for most major sporting events. The number one issue cited by most fans when asked about attendance is the overall cost of attending. The presence of HD and big screen televisions in home doesn't even register, as a factor for not attending an event. VALUE in the product is the key, and apparently is something lacking in the current ICS. What other explanation is there when with what is routinely touted as the "best" racing on the planet, fans are staying away in DROVES. A "close" title battle into the last event at Fontana, with the "cars and stars" of the ICS, and who showed up? MAYBE 8K. Sorry, but HD TV isn't to blame for that kind of fan apathy.

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  3. If she was worth the $ the public outcry over direct tv dropping them would have kept them on their dishes as we have seen with other companies. I too quit watching channel 13 after she showed up since I left channel 8 because of her all show rather than production results. When Randy on 8 corrected her she had a big head and incorrectly challenged his correction for pronunciation of a city. Other antics while she matures was too much for me with her very inaccurate forecasts. All the forecasters were predicting rain until Thursday except Chris. They predicted sunny on Thursday but instead of rain until Thursday upon which the sun would finally make it out in full glory Chris was right on the money just as I too predicted looking at the radar on weather.gov. One thing I love about Angela is the fear you can see in her every time it thunders in the winter. It far exceeds the entertainment value of her body language (high heel noise drags, depression, etc) when her forecasts are so incorrect. Her hair stands on end, you have to see it!!!

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