Public Companies

Brightpoint profit dips but beats expectations

November 4, 2009
Wireless device distributor Brightpoint Inc. said late Wednesday afternoon that profit and revenue both fell in the third quarter because it sold fewer devices at lower prices.
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Conseco reports $15.4 million profit in third quarter

November 4, 2009
J.K. Wall
The Carmel-based life insurer's third-quarter results exceeded Wall Street analysts' predictions.
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Calumet improves quarterly profit despite sales hit

November 4, 2009
 IBJ Staff
Calumet Specialty Products LP posted a profit of $3.9 million in the third quarter, recovering from a $12.5 million loss in the same period last year.
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Lilly reducing sales force by 191 as part of larger restructuring

November 2, 2009
Eli Lilly and Co. has notified the state that it plans to eliminate 191 sales jobs as part of a company-wide restructuring announced in September that ultimately will result in 5,500 job cuts by the end of 2011.
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PROXY CORNER: Conseco Inc.

October 31, 2009
 IBJ Staff
Conseco Inc. provides Medicare supplement, cancer, heart/stroke and accident insurance policies as well as annuities and life insurance products through a nationwide network of distributors. 
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King Systems, Steel Dynamics fined over safety violations

October 28, 2009
Cory Schouten
The Indiana Department of Labor has slapped two Indiana companies with fines of about $200,000 each for repeated safety violations that put workers at risk.
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Challenges remain for Emmis despite NASDAQ save

October 27, 2009
 IBJ Staff
Shares of Indianapolis-based Emmis Communications Corp. closed Monday at $1.53, the 10th straight day the stock has finished trading above $1—preserving the company's listing on the NASDAQ stock exchange, but big challenges remain for the locally based owner of radio stations and magazines.
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Revenue, profit on rise for Interactive Intelligence

October 26, 2009
 IBJ Staff
Indianapolis-based business software firm Interactive Intelligence on Monday reported higher third-quarter profit on record revenue of $33.2 million.
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Emmis stock closes at $1.53, avoids delisting

October 26, 2009
 IBJ Staff
Shares of Indianapolis-based Emmis Communications Corp. closed Monday at $1.53, the 10th straight day the stock has finished trading above $1—preserving the company's listing on the NASDAQ stock exchange.
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Lilly needs to sell more Effient before Zyprexa loses patent protectionRestricted Content

October 24, 2009
J.K. Wall
Sales of Eli Lilly and Co.’s newest drug were an afterthought during its Oct. 21 report on third-quarter earnings. The blood thinner Effient totaled up $22.6 million in sales—a mere 0.4 percent of Lilly’s total for the quarter.
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Uncertainty over drug pipeline sends Lilly shares down

October 21, 2009
J.K. Wall
For the first time publicly, Eli Lilly and Co. officials admitted the obvious: Their pipeline products aren't likely to offset the revenue the company will lose after its two bestsellers, Zyprexa and Cymbalta, lose patent exclusivity.
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Lilly reports $942 million profit in third quarter

October 21, 2009
J.K. Wall
Excluding special items, Eli Lilly and Co.'s earnings per share spike 22 percent on the strength of Alimta, Cymbalta and Humalog sales. Lilly's revenue rose 7 percent in the quarter over the same period of 2008, to $5.56 billion.
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PROXY CORNER: WellPoint Inc.

October 17, 2009
 IBJ Staff
WellPoint Inc. is one of the nation's largest health insurance companies and also provides dental, vision, disability and life insurance.
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WellPoint memos show job cuts starting with mid-level execs

October 10, 2009
J.K. Wall
With a national unemployment rate of nearly 10 percent eroding its customer base, WellPoint Inc. is cutting at least 30 middle-management employees and reshuffling its corporate organization, according to internal memos obtained by IBJ.
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Cummins recalling more workers to Indiana engine plant

October 7, 2009
Andrea Muirragui Davis
Enginemaker Cummins Inc. is temporarily adding a second production shift at its MidRange Engine Plant south of Columbus, recalling as many as 270 workers who had been laid off or transferred to other facilities when it was idled in May.
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PROXY CORNER: Arcadia Resources Inc.

October 3, 2009
 IBJ Staff
Arcadia Resources Inc. markets and sells surgical supplies, orthotic and prosthetic products, and durable medical equipment, such as wheelchairs and hospital beds and provides oxygen and other respiratory therapy services and equipment.
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Finish Line shares rise despite quarterly loss

September 25, 2009
Cory Schouten
Shares in locally based athletic retailer The Finish Line Inc. jumped Friday morning after the company reported a narrow loss for the second fiscal quarter, mostly because of the large cost of unloading its unsuccessful Man Alive stores in July.
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Old National prices offering at $10 per share

September 23, 2009
Scott Olson
Evansville-based Old National Bancorp said yesterday that it has priced its public offering of 18 million shares of company stock at $10 per share.
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Old National selling stock to fund potential purchases

September 21, 2009
Scott Olson
Evansville-based Old National Bancorp said this morning that it is selling $150 million of its stock in a public offering and will use some of the proceeds to fund potential acquisitions.
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PROXY CORNER: CFS Bancorp Inc.

September 19, 2009
 IBJ Staff
CFS Bancorp Inc., 707 Ridge Road., Munster, 46321 (www.cfsbancorp.com) is the bank holding company for Citizens Financial Bank, which conducts business from full service branches located in Lake, Porter and LaPorte counties in Indiana and Cook, DuPage and Will counties in Illinois.
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UPDATE: Simon remembered for vision, courage

September 16, 2009
Cory Schouten
A Friday funeral is planned for a man who made a fortune building shopping malls across the U.S. and later became a prolific philanthropist in his adopted hometown of Indianapolis. Melvin Simon, 82, succumbed this morning after a battle with pancreatic cancer.
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'Community icon' Melvin Simon dies

September 16, 2009
Cory Schouten
Melvin Simon, a tailor’s son who earned billions building shopping malls across the U.S. and later became a prolific philanthropist in his adopted hometown of Indianapolis, has died. He was 82.
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UPDATE: Pipeline challenges force Lilly restructuring moves

September 14, 2009
J.K. Wall
Since John Lechleiter was named CEO 18 months ago, he's bet that Eli Lilly and Co. could face down its looming patent challenges by launching innovative new medicines. Today's announcement of 5,500 job cuts by the end of 2011 and a restructuring of the company's business units ups the ante on that bet, while indicating that it isn't working yet.
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Lilly reorganization to cut 5,500 positions over 2 years

September 14, 2009
J.K. Wall
Eli Lilly and Co. will cut 5,500 jobs by the end of 2011 as it tries to cut $1 billion in expenses before it loses revenue from its bestselling drug, Zyprexa. Lilly CEO John Lechleiter said he did not know how many of those cuts would occur in central Indiana. But with 13,600 employees working in the Indianapolis area, he acknowledged the largest chunk of reductions likely would come here.
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WellPoint insiders sell stock at right time

September 12, 2009
 IBJ Staff
Take the money while it’s there. That’s what a handful of insiders at WellPoint Inc. decided in the past month as they sold off nearly 150,000 company shares for gains of more than $3 million.
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  1. I am a Lyft driver who is a licensed CDL professional driver. ALL Lyft drivers take pride in providing quality service to the Indianapolis and surrounding areas, and we take the safety of our passengers and the public seriously.(passengers are required to put seat belts on when they get in our cars) We do go through background checks, driving records are checked as are the personal cars we drive, (these are OUR private cars we use) Unlike taxi cabs and their drivers Lyft (and yes Uber) provide passengers with a clean car inside and out, a friendly and courteous driver, and who is dressed appropriately and is groomed appropriately. I go so far as to offer mints, candy and/or small bottle of water to the my customers. It's a mutual respect between driver and passenger. With Best Regards

  2. to be the big fish in the little pond of IRL midwest racin' when yer up against Racin' Gardner

  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

  5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.

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