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Public Companies
WellPoint dragged into Goldman Sachs suit
August 20, 2012
J.K. WallWellPoint Inc.’s $4.9 billion offer for Virginia-based Amerigroup Inc. apparently wasn’t the only—or even the most lucrative—offer
for the Medicaid managed care company. But it was the deal surest to come to fruition before a key deadline for a big payout
for Goldman Sachs & Co., according to a shareholder lawsuit filed Aug. 16 against the Amerigroup board of directors.
MoreCummins cools off, but Seymour expansion still in works
August 18, 2012
Dan HumanCummins Inc.—a company that quadrupled its profits in two years—has shifted to cost-cutting mode amid a drop in
global sales, but the Columbus-based engine manufacturer says it’s still on track to increase sales from $18 billion
in 2011 to $30 billion in 2015.
MoreSteak n Shake customer traffic up in latest quarter
August 14, 2012
Biglari Holdings Inc., parent of Steak n Shake, said Friday that customer traffic to the restaurant chain grew 2.2 percent
during the quarter ended July 4, boosting same-store sales 2.9 percent.
MoreNew student-loan effort adding to ITT backlash
August 11, 2012
Greg AndrewsFor-profit school operator ITT Educational Services Inc. told investors late last month that it had worked out a tentative
deal with an outside party that would provide $100 million in loans to its students.
MoreAlzheimer's quest puts Lilly to test
August 11, 2012
J.K. WallOdds are long that Eli Lilly and Co.'s leading Alzheimer's drug will show positive results when its Phase 3 trial results
are released within a few weeks, but even the smallest improvement in the cognitive impairment of test patients would be a
home run for Lilly.
MoreSimon Property directors sued over CEO’s pay
August 8, 2012
Bloomberg NewsThe board of the largest U.S. shopping-mall owner wrongfully authorized a compensation package for CEO David Simon that included
$120 million in special stock awards, a Louisiana pension fund claimed in the lawsuit filed Wednesday.
MoreSome banks beginning to raise dividends
August 4, 2012
Scott OlsonSome of the most telling signs that banks finally may be recovering from the economic downturn are their decisions to begin
increasing dividends.
MoreBaldwin & Lyons sees quarterly profit on fewer disasters
August 2, 2012
IBJ StaffIndianapolis-based Baldwin & Lyons Inc. on Thursday reported a profitable second quarter, a year after a series of major
natural catastrophes caused a big loss for the transportation industry insurer.
MoreHHGregg posts quarterly loss on poor TV sales, as expected
August 2, 2012
Scott OlsonDisappointing sales at stores open at least a year dragged Indianapolis-based HHGregg Inc. to a rare quarterly loss, the appliance
and electronics retail chain said on Thursday.
MoreEmmis shareholders fight bylaw changes on dividends
July 31, 2012
IBJ Staff and Bloomberg NewsInvestors asked U.S. District Judge Sarah Evans Barker in Indianapolis for an order blocking a special meeting at which Emmis
shareholders will be asked to approve bylaw changes wiping out more than $34 million in accrued and unpaid preferred stock
dividends.
MoreLilly braces for decline in Europe
July 30, 2012
J.K. WallAusterity and upheaval in Europe have not hurt Eli Lilly and Co.’s $4 billion-a-year drug business there, but the company
is moving forward with plans to survive a coming swoon anyway.
MoreBrightPoint merger talks driven by 'deal certainty'
July 28, 2012
Greg AndrewsWhen BrightPoint officials saw conditions in the cell phone distribution business take a turn for the worse, they were quick
to cash out while the going was still good.
MoreAngie's List shares plunge after wider quarterly loss
July 26, 2012
IBJ StaffAngie's List Inc. saw revenue jump 74 percent in the second quarter, but the Indianapolis-based contractor-ratings service
continued to see growing losses as the result of higher marketing expenses. The company's stock fell more than 10 percent
Thursday.
MoreHHGregg setbacks reflect deeper woes, some fear
July 21, 2012
Greg AndrewsRetailer's operating income is the same as five years ago, even though it has triple the number of stores.
MorePROXY CORNER: The Finish Line Inc.
July 21, 2012
The Finish Line Inc., 3308 N. Mitthoeffer Road, Indianapolis, www.finishline.com, is a specialty retailer of brand-name athletic
and leisure footwear, activewear and accessories.
MoreBrightPoint settles two suits against rival Brightstar
July 13, 2012
Scott OlsonBoth lawsuits involved former BrightPoint executives hired by Brightstar who had access to the local firm’s innermost workings
and strategies. The suits, filed in Marion Superior Court, were dismissed Wednesday.
MoreQuarterly profit, revenue slides at Emmis
July 12, 2012
The Indianapolis-based media company reported a larger loss on falling revenue in its fiscal first quarter, mostly due to
the sale of a group of radio stations and cheaper advertising rates.
MoreBioanalytical taps accountant for turnaround
July 9, 2012
J.K. WallWith spending running well ahead of revenue, West Lafayette-based Bioanalytical Systems Inc. ousts its CEO in favor of its
CFO.
MoreBrightPoint's $840M sale ends wild ride for CEO Laikin
July 7, 2012
Greg AndrewsBob Laikin started BrightPoint in 1989, when cellular phones were clunky and brick-like and were mostly for the wealthy.
MoreHeartland Bancshares approves acquisition by Horizon
July 7, 2012
The deal, effective July 17, will give the Michigan City bank its first presence in Central Indiana.
MoreLawsuit: Smulyan angling for Emmis buyout
June 30, 2012
Greg AndrewsJeff Smulyan has been considering a new plan to buy out other Emmis Communications Corp. shareholders—a deal that could
clear the way for him to finally take the Indianapolis media company private. But Emmis’ founder and CEO insists he
has no plans to do so.
MorePROXY CORNER: Vera Bradley Inc.
June 23, 2012
Vera Bradley Inc., 2208 Production Road, Fort Wayne, Ind., 46808, sells handbags, accessories, paper-and-gift items and travel
items through 55 retail stores, nine outlet stores, 3,300 specialty stores and through verabradley.com.
MoreLilly resumes $3B stock buyback program, declares dividend
June 19, 2012
Associated PressThe local pharmaceutical giant plans to complete the program started in 2000 by repurchasing $420 million in shares by the
end of the year. And on Tuesday, it declared a regular dividend of 49 cents.
MoreWellPoint lowers earnings forecast after $90M legal bill
June 18, 2012
Bloomberg NewsIndianapolis-based WellPoint Inc. said it is lowering its profit forecast for the year by 3 percent after reaching a $90 million
settlement in a class-action lawsuit.
MoreAnalysts say Angie's List on path to profitability
June 16, 2012
Chris O'MalleyIndianapolis-based Angie's List hasn’t made a profit since it was founded nearly 17 years ago. But analysts think the
company that offers consumer-written reviews of service providers is on track to become profitable in 2014.
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These higher rates Co. e about only because physicians are now hospital employees. otherwise physicians couldn't charge these rates and share the windfall with the hospital. Community/rural hospitals probably not buying physicians practices and thus weren't getting the windfall anyway.
The incentive for poor people to get themselves off public assistance and "no longer be poor" is even with help...they're STILL POOR! Being poor, even with some assistance, isn't all that pleasant. (I speak from experience) It's a stubborn myth that poor people, who are on public assistance, are sitting in the lap of luxury. You should try living on just those "freebies" that you mentioned and see how meager they actually are. By the way, I didn't mean you had to buy/own a puppy...just pet one. :)
As near as I can tell the minority has ZERO constitutional obligation to offer a quorum to the majority. A requirement for quorum was inserted into the constitution so that tyrannical majorities could not simply shove through odious and objectionable legislation (which is exactly what they did.) By allowing a tyrannical majority to charge fines against the minority for exercising their constitutional prerogative to deny quorum the court as made a mockery of constitutional governance in the state of Indiana.
The voters elected the Reps to make a vote not walk out on the vote. They had to the right to exercise their opinion and vote "no" to the bill. Let me ask you this if you walked out of your job for 5 straight weeks would you get paid? Would you even have a job to go back to? If any elected official walks out on the people they should be arrested for stealing tax dollars from the public. They were elected to do a job and not leave when the job gets stuff.
I have been to several of their locations in Pennsylvania and always go in for 1 item and leave with a basket full of things. I'm very happy they decided on Indiana, now if only they would put the other store in eastside.