Public Companies

Chairman Glasscock retiring from WellPoint board

February 3, 2010
 IBJ Staff
Larry Glasscock will retire as chairman of WellPoint Inc.'s board, the Indianapolis-based health insurer said early Wednesday. Company CEO Angela Braly will assume the position March 1.
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Dow AgroSciences profit falls despite revenue increase

February 2, 2010
 IBJ Staff
Indianapolis-based Dow AgroSciences said Tuesday it posted a profit of $69 million in the fourth quarter, down 19 percent from the prior year because of increased research and development spending and higher administrative expenses. Revenue was up 17 percent.
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New emissions standards drive up Cummins profit

February 2, 2010
Kathleen McLaughlin
Columbus-based diesel engine maker Cummins Inc. posted its most profitable fourth quarter in company history, thanks to a rush on engines that won't have to conform to new emission standards.
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Haynes pays CEO almost twice as much as predecessor

January 29, 2010
Peter Schnitzler
CEO Mark Comerford's $1.46 million in total compensation in fiscal 2009 was nearly double Francis Petro's pay the previous year—even though the company's revenue dropped 31 percent in the same period.
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Interactive Intelligence fourth-quarter profit up 74 percent

January 29, 2010
 IBJ Staff
Record product orders spur sales at Indianapolis-based software maker Interactive Intelligence, propelling profits to $2.5 million.
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Bioanalytical Systems' CEO announces retirement

January 28, 2010
Peter Schnitzler
Struggling West Lafayette life science contract research firm will search nationally for a new permanent leader.
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Lilly shares trade down after fourth-quarter profits falls

January 28, 2010
J.K. Wall
Analysts worry about dive in already paltry sales of new blood thinner Effient
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Accounting charge dents Zimmer's fourth-quarter profits

January 28, 2010
J.K. Wall
But excluding special charges, Warsaw-based orthopedic implant maker grows profits 5 percent, easily beating expectations of Wall Street.
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Lilly's profits fall, miss analyst expectations

January 28, 2010
J.K. Wall
The Indianapolis-based drugmaker says a weaker dollar depressed earnings in the fourth quarter compared with a year ago.
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Duke Realty reports loss, says outlook remains 'challenging'

January 27, 2010
Cory Schouten
Locally 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.
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Remy hybrid agreements help offset GM loss

January 27, 2010
Scott Olson
Pendleton-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.
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WellPoint beats expectations, lowers '10 profit forecast

January 27, 2010
J.K. Wall
The Indianapolis-based health insurer earned $6.09 per share in 2009, excluding extraordinary items; it expects a $6-per-share profit in 2010.
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Celadon 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.
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PROXY CORNER: Celadon Group Inc.

January 23, 2010
 IBJ Staff
Celadon Group Inc. is a trucking company that provides service between Canada, the United States and Mexico.
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Magazine ranks Old National Bank among nation's strongest performersRestricted Content

January 23, 2010
 IBJ Staff

Forbes magazine has named Evansville-based Old National Bank the nation’s 18th-best-performing bank.

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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.
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Wall Street likes wobble on health reform

January 20, 2010
J.K. Wall
With 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.
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Fortune Industries names new chief executive

January 18, 2010
Scott Olson
Fortune 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.
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With utilities under pressure, shareholders unite

January 16, 2010
 IBJ Staff
The Indiana Utility Shareholders Association aims to be the “collective voice” of investors in four of the big utilities operating in Indiana.
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National animal-welfare group targets Steak n Shake

January 14, 2010
Andrea Muirragui Davis
The 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.
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Stericycle to expand in Indianapolis

January 14, 2010
 IBJ Staff
Illinois-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.
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Hillenbrand 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.
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PROXY CORNER: Zimmer Holdings Inc.

January 9, 2010
 IBJ Staff
Zimmer Holdings Inc. develops, manufactures and markets orthopedic and dental reconstructive implants, spinal implants, trauma products and other related surgical products.
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Emmis 3Q revenue declines, but company still posts profit

January 8, 2010
Anthony Schoettle
Indianapolis-based Emmis Communications Corp. reported lower revenue during its fiscal third quarter, but still managed a small profit.
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Steak n Shake slashes restaurant spending as CEO hoards cash

January 2, 2010
Cory Schouten
From 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.
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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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