May 29, 2012
J.K. WallBioanalytical Systems Inc.’s new CFO won praise this month for laying out an aggressive cost-cutting plan—but
not before the rest of the company’s leaders got a tongue lashing for their past performance.
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May 15, 2012
J.K. WallA mix of union groups, activist investors and single-payer advocates will call for increased disclosure from WellPoint, and
some investment funds will vote against WellPoint board members who they say have failed to exercise proper oversight of WellPoint’s
political spending.
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May 15, 2012
J.K. WallIndianapolis-based speaker maker now owned by Voxx International posted year-end sales of $169.5 million, which appeared to
be flat compared with prior periods.
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May 15, 2012
The pizza franchisor earned $365,079 in the quarter ended March 31. But it continues to see more growth from take-n-bake products
in grocery stores.
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May 7, 2012
J.K. WallFor more than a year, Eli Lilly and Co. has been viewed by investors as a laggard stock with one, slim shot at producing a
huge jackpot: its experimental Alzheimer’s drug. But now company leaders are trying to direct investor attention toward
the drugmaker’s diabetes portfolio.
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May 7, 2012
Indianapolis-based WellPoint Inc. topped the list of Indiana companies, ranking 45th. Locally, Eli Lilly and Co. and BrightPoint
Inc. also made Fortune magazine's latest annual ranking of the 500 largest corporations based on revenue.
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May 5, 2012
Cory SchoutenSimon Property Group Inc. this year joined the Standard & Poor’s 100 Index, a listing of the nation’s largest
and most established companies including Apple, Coca-Cola and McDonald’s. The Indianapolis-based company is the only
real estate company on the list and is now the largest real estate company in the world.
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May 5, 2012
Greg AndrewsThe Indianapolis media company is on track to have less than $75 million in debt by this summer—down from $1.6 billion
before it launched the divestiture of its TV stations seven years ago.
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April 24, 2012
Kathleen McLaughlinAllison Transmission Holdings Inc. saw profits rise 57 percent, to $58 million, in the first quarter, the Indianapolis-based
manufacturer announced Monday. The earnings announcement was Allison’s first since it went public in March.
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April 21, 2012
Ken SkarbeckPerhaps now we will see more shareholders oppose excessive pay, putting more pressure on corporate boards to come up with
reasonable compensation plans.
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April 21, 2012
Investor site pans companies whose stock advanced in spite of years of losses.
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April 13, 2012
IBJ StaffScott Brenton, the departing chief operating officer of Indianapolis-based Angie’s List Inc., is joining One Click Ventures
LLC in Greenwood.
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April 10, 2012
J.K. WallDavid Simon must remain CEO of Indianapolis-based Simon Property Group for at least six years to see any of the $120 million
in special stock awards the company’s board of directors awarded him last year, and must stay on eight years to reap
the full amount.
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April 9, 2012
J.K. WallEli Lilly and Co.’s newest drug is a boon for Alzheimer’s research but is likely to bring the Indianapolis drugmaker
less than $100 million in annual sales—at least initially, according to one of the few analysts to make a forecast.
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April 5, 2012
Cory SchoutenCNO Financial Group Inc. has agreed to pay $9.9 million to settle allegations by regulators in four states that its Bankers
Life subsidiary acted as an investment adviser and broker-dealer without proper state licensing.
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April 3, 2012
J.K. WallAngela Braly, CEO of the Indianapolis-based health insurance company, received total compensation of nearly $13.3 million,
down 1.5 percent from the $13.5 million she made the previous year.
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April 2, 2012
J.K. WallWall Street's favorable reaction came not only because harsh questioning by the U.S. Supreme Court’s conservative
justices put in doubt the health reform law’s mandate that all Americans buy health insurance, but also because the
justices raised the possibility that they would strike down requirements that insurers accept all customers, regardless of
health.
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April 2, 2012
Scott Olson, Cory SchoutenEmmis Communications Corp.'s effort to strip its preferred shareholders of their rights and avoid forking over about $10
million in unpaid dividends is drawing sharp criticism from top market observers, including a columnist for The New York
Times.
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March 30, 2012
Scott OlsonThe company is set to be purchased by CEP Inc., a holding company led by Fortune Industries CEO Tena Mayberry and Chief Financial
Officer Randy Butler. But several law firms are investigating the sale for potential unfairness on behalf of shareholders.
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March 23, 2012
IBJ Staff and Bloomberg NewsEvansville-based Berry Plastics Group Inc., a container maker owned by funds affiliated with Apollo Global Management LLC,
on Friday filed to sell up to $500 million of stock in an initial public offering.
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March 17, 2012
Greg AndrewsIndianapolis attorneys say numerous local private firms are on the IPO sidelines, mulling whether to try to capitalize on
the strengthening economy and improving investor appetite for new issues.
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March 14, 2012
IBJ Staff and Bloomberg NewsShares of Allison Transmission Holdings Inc. are expected to begin trading Thursday, but the early reaction to the IPO from
analysts is lukewarm. The locally based company’s private-equity owners are offering 21.7 million shares for $22 to
$24 apiece, which could raise as much as $522 million.
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March 10, 2012
Greg AndrewsIf the cost of aircraft fuel continues to approach $3.50 a gallon, 2012 fuel costs for the company's Frontier unit fuel
will end up $40 million higher than the business plan.
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March 8, 2012
IBJ Staff and Bloomberg NewsThe Indianapolis mall owner is expanding its global profile, agreeing to buy a controlling stake in a French firm with a 271-property
European portfolio. Simon also is buying out a partner in its Mills portfolio closer to home.
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March 6, 2012
J.K. WallEli Lilly and Co.'s board is once again recommending the removal of a provision that makes the company an almost impossible
target for hostile takeovers. The same proposal has fallen slightly short at each of the past two annual shareholder meetings.
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Doug Henning!
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Magician and illusionist!
The basic idea of nice apartments with parking and retail is a good one, but this design seems overwhelmingly big/tall for Broad Ripple. The size could be disguised a bit with lots of big trees/landscaping, but the complex is too massive to blend in easily. That section of canal between College and Westfield will also need to be upgraded on both sides. Nice apartments facing onto a nice promenade with shade trees/plantings could bring together the canal towpath/Monon recreation, the outdoor seating at existing restaurants, and this project into something that upgrades the whole area. A plan for the whole stretch makes more sense than facing nice new housing onto what looks like a ditch. Is there a plan? Does the public have input? Who pays? The apartment idea seems to be reasonable, but Whole Foods is not a good idea for appropriate retail. Besides the store being physically too big, there are already Fresh Market at 54xCollege and Whole Foods in Nora for fancy groceries. Good Earth and Kroger are within walking distance of the Shell site. There are at least 7 grocery stores within a safe bike ride. Whole Foods would add nothing but traffic congestion. This design is on the right track, but there needs to be more work done to ensure that it blends in with and enhances the existing community. A project that large will set a tone for that whole part of town. It could be a real asset, but only if done right.