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Public Companies
Accounting charge dents Zimmer's fourth-quarter profits
January 28, 2010
J.K. WallBut excluding special charges, Warsaw-based orthopedic implant maker grows profits 5 percent, easily beating expectations
of Wall
Street.
MoreLilly's profits fall, miss analyst expectations
January 28, 2010
J.K. WallThe Indianapolis-based drugmaker says a weaker dollar depressed earnings in the fourth quarter compared with a year ago.
MoreDuke Realty reports loss, says outlook remains 'challenging'
January 27, 2010
Cory SchoutenLocally based Duke Realty Corp. reported a 53 percent drop in funds from operations in the fourth quarter but still managed
to beat Wall Street expectations.
MoreRemy hybrid agreements help offset GM loss
January 27, 2010
Scott OlsonPendleton-based Remy International signs deals with Allison Transmission Inc. in Indianapolis and German automaker Daimler
AG to supply electric motors for hybrid systems. The agreements should help offset a loss of business from General Motors.
MoreWellPoint beats expectations, lowers '10 profit forecast
January 27, 2010
J.K. WallThe Indianapolis-based health insurer earned $6.09 per share in 2009, excluding extraordinary items; it expects a $6-per-share
profit in 2010.
MoreCeladon reports lower profit, higher revenue
January 25, 2010
Indianapolis trucking firm Celadon Group Inc. saw revenue rise to $127.2 million in its fiscal second quarter, although profit
fell to $1 million.
MorePROXY CORNER: Celadon Group Inc.
January 23, 2010
IBJ StaffCeladon Group Inc. is a trucking company that provides service between Canada, the United States and
Mexico.
MoreMagazine ranks Old National Bank among nation's strongest performers
January 23, 2010
IBJ StaffForbes magazine has named Evansville-based Old National Bank the nation’s 18th-best-performing bank.
ITT Educational's quarterly profit, revenue climb
January 21, 2010
ITT Educational Services Inc. reported higher profit in the fourth quarter of 2009, earning $2.56 per share. The Carmel-based
for-profit educator's earnings topped analysts' expectations.
MoreWall Street likes wobble on health reform
January 20, 2010
J.K. WallWith the stunning victory of Republican Scott Brown in the Massachusetts election for U.S. Senate, Wall Street analysts
expect to see a "run" on health care stocks.
MoreFortune Industries names new chief executive
January 18, 2010
Scott OlsonFortune Industries Inc., an Indianapolis-based professional employer organization, has appointed Tena Mayberry as its CEO.
Mayberry, who also will continue to serve as president, succeeds John Fisbeck.
MoreWith utilities under pressure, shareholders unite
January 16, 2010
IBJ StaffThe Indiana Utility Shareholders Association aims to be the “collective voice” of investors
in four of the big utilities operating in Indiana.
MoreNational animal-welfare group targets Steak n Shake
January 14, 2010
Andrea Muirragui DavisThe Humane Society of the United States bought $2,000 worth of Steak n Shake stock this week in hopes of getting the company
to work with food producers that use humane farming methods.
MoreStericycle to expand in Indianapolis
January 14, 2010
IBJ StaffIllinois-based medical waste disposal firm Stericycle Inc. will expand its Indianapolis operations, creating as many as 109
jobs by 2011, the Indiana Economic Development Corp. announced Wednesday.
MoreHillenbrand acquiring conveyor manufacturer
January 11, 2010
The Batesville holding company said it will purchase K-Tron International Inc. in New Jersey for about $435 million, including
$45 million in K-Tron debt and cash on hand. The deal is expected to close by the end of March.
MorePROXY CORNER: Zimmer Holdings Inc.
January 9, 2010
IBJ StaffZimmer Holdings Inc. develops, manufactures
and markets orthopedic and dental reconstructive implants, spinal implants, trauma products and other related surgical products.
MoreEmmis 3Q revenue declines, but company still posts profit
January 8, 2010
Anthony SchoettleIndianapolis-based Emmis Communications Corp. reported lower revenue during its fiscal third quarter, but still managed a
small profit.
MoreSteak n Shake slashes restaurant spending as CEO hoards cash
January 2, 2010
Cory SchoutenFrom 1999 to 2008, Steak n Shake Co. spent an average of $55 million a year to add dozens of restaurants and buy equipment
for existing
ones. In 2009, the locally based
chain spent just $5.8 million.
MorePROXY CORNER: Duke Realty Corp.
December 26, 2009
Duke Realty Corp. is a real estate investment trust that develops, manages and owns industrial, office and retail properties
across the Midwest and Southeast.
MoreOmnicity continues wireless broadband acquisition spree
December 24, 2009
Chris O'MalleyOmnicity makes seventh acquisition since going public in February. The Rushville company aims to be nation's largest wireless
broadband provider in rural markets.
MoreInsurance company rejects Steak n Shake takeover bid
December 23, 2009
Cory SchoutenA small Michigan insurer has rejected an acquisition bid from The Steak n Shake Co., describing the offer as a "hostile takeover
attempt."
MoreCash-flush Finish Line likely to open new stores
December 23, 2009
Scott OlsonWith an improved balance sheet and $150 million in its pocket, the athletic-gear retailer is looking at new locations and
improving its online shopping hub.
MoreFinish Line profit exceeds analyst expectations
December 22, 2009
IBJ StaffThe Finish Line Inc. barely eked into the black in its fiscal third quarter, but even that exceeded analysts’ expectations.
MoreConseco raises nearly $223 million in stock offering
December 22, 2009
IBJ StaffThe Carmel-based life and health insurer immediately applied $161 million of the funds to its bank loans.
MoreUPDATE: Steak n Shake turning away from core business
December 22, 2009
Cory SchoutenThe Steak n Shake Co. is taking a dramatic turn away from its core business with a bid to purchase a Michigan insurer in a
deal valued at almost $37 million.
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First, let me say that I love the idea of communities being self-sufficient and people in the community not needing cars, living, working and shopping all in their neighborhood. To sum it up; I love good urban planning and hate urban sprawl. However, there are two reasons that I am against this development. First, this building doesn't fit. Density can occur in Ripple by building up top the street and better use of land. The scale of this project should be downtown. Secondly, I would be willing to bet that if a whole foods in Ripple is built, the Nora store would be closed. Here's my reasoning. The Nora Whole Foods expansion plans have been put on hold. I'm guessing they are waiting to see what happens with the Ripple proposal. Communities next to each other should work together to end sprawl and not work against each other and take other neighbors assets. Develop something both communities can be proud of and will attract more development and density. There's my soap box for the day.
My apologies, Lou - it was the Indy Star that printed cost for entertaining "celebrities" during Indy 500. Sorry for confusing the always timely IBJ with Indy's Gannett reprint news source.
That's fine if you want a grocery store that has festivals and live music. I guess with the prices they charge, they can afford to host such activities. As for me, I choose to spend my money more wisely and if I want to go to a festival or a concert, I will pay for that separately - not through my grocery bill.
TIF is not just to attract development but to attract a higher use for that development. Carmel wisely is using TIF for numerous public parking garages. Asphalt seas of parking pay little taxes and bring even less value to a commercial area. Also density is what is going to save Indy and Broad Ripple. The days of trying to compete with burbs are long gone.
The Prestige was an awesome movie.