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ITT profit soars despite drop in new-student enrollment
October 21, 2010
J.K. WallITT Educational Services Inc.’s third-quarter profit of $93.2 million handily beat the expectations of Wall Street analysts,
but the company suffered its first decline in new-student enrollment since the recession began.
MoreLilly raises forecast after beating third-quarter profit estimates
October 21, 2010
J.K. WallThe Indianapolis-based drugmaker reported a profit of $1.3 billion in the quarter ended Sept. 30, up 38 percent compared with
last year. Excluding extraordinary items from a year ago, Lilly’s profit was up 2 percent.
MoreVera Bradley set to go public
October 20, 2010
Scott OlsonThe Fort Wayne-based company is scheduled to begin trading as a public company Wednesday morning. The estimated offering price
is $14 to $16 each, although a Morningstar analyst predicts the IPO could bring as much as $18 a share.
MoreThinner margins squeeze Steel Dynamics profit
October 19, 2010
The Fort Wayne-based steelmaker reported profit of $19 million, or 9 cents per share, compared with $69 million, or 30 cents
per share, in the same period last year.
MoreEmmis loss shrinks as radio stations produce more cash
October 15, 2010
J.K. WallThe Indianapolis-based media company announced this morning that it lost $2.3 million in the latest quarter, down from a whopping
$135.6 million in the same period a year earlier.
MoreBiomet sales rise, but slower than expected
October 13, 2010
Associated PressBiomet's quarterly results are considered an indicator on the state of the orthopedic device industry because it reports results
before most of its competitors.
MoreWellPoint, other insurers' stock buybacks concern investors
October 12, 2010
Bloomberg NewsIndianapolis-based WellPoint Inc. and competing U.S. health insurers approved $10 billion in stock repurchases in the past
year, a concern to investors who say buybacks failed to increase share prices and who want more spent on dividends.
MoreFrontier could seek marketing deal with major airline
October 11, 2010
Bloomberg NewsFrontier Airlines may seek a marketing agreement with a major carrier as industry collaboration continues, said Bryan Bedford,
chief executive of Indianapolis-based parent company Republic Airways Holdings Inc.
MoreLilly's Erbitux shows mixed results in cancer studies
October 11, 2010
Bloomberg NewsIn combination with chemotherapy, the drug failed to help colon-cancer patients in a European trial but did delay the spread
of breast cancer in some patients with a certain type of aggressive tumor.
MoreFinish Line introduces in-store kiosks to make custom T-shirts
October 9, 2010
Cory SchoutenFinish Line is testing touch-screen customization kiosks at its Greenwood Park Mall store. The kiosks, which look like oversize
iPads, produce an individualized Nike T-shirt in about 15 minutes.
MoreBiglari adjusts controversial pay proposal
October 1, 2010
Cory SchoutenThe parent company of Steak n Shake restaurants has scaled back a controversial pay package for its CEO in hopes of securing
shareholder approval of the plan at a rescheduled special meeting.
MoreFortune Industries reports higher profit, lower revenue
September 29, 2010
Indianapolis-based professional employer organization reported fiscal-year profit of $828,000, an 85-percent increase from
fiscal 2009. Revenue, however, fell 20 percent, to $60.7 million.
MoreFinish Line's second-quarter profit jumps to $16.8M
September 24, 2010
IBJ Staff and Associated PressIndianapolis-based The Finish Line Inc. said Thursday that its second-quarter profit rose as it rebounded from a messy quarter
a year earlier after the athletic shoe retailer sold its unsuccessful Man Alive hip-hop stores.
MoreStructural shakeup means changes at EnerDel
September 21, 2010
Kathleen McLaughlinEner1 Inc., the parent company of local advanced-battery maker EnerDel, has reorganized its corporate structure and shuffled
management ranks.
MoreSmulyan-led firm sues backer over failed Emmis deal
September 15, 2010
Andrea Muirragui DavisEmmis Communications Corp. CEO Jeff Smulyan’s JS Acquisition LLC is suing its one-time financier for backing out of
a deal to take the Indianapolis-based media company private.
MoreSimon, former executive settle fraud suit
September 11, 2010
IBJ StaffMark Palombaro, a former senior vice president of development, will pay the company $766,000, settling a lawsuit that accused
him of getting kickbacks on construction contracts.
MoreUPDATE: Large debt load will continue to weigh on Emmis
September 9, 2010
Scott OlsonEmmis, which has been awash in red ink, must contend with more than $340 million in debt after CEO Jeff Smulyan failed in
his attempt to purchase the company and take it private.
MoreSmulyan delays Emmis buyout vote again
September 8, 2010
A Wednesday evening shareholders meeting has been postponed until Thursday at 8:30 a.m., when the Emmis CEO again will try
to take the company private.
MoreBusiness bank reports second-quarter loss
September 7, 2010
Indiana Business Bank's restructuring of a real estate loan leads to loss of $484,678 in the second quarter.
MorePROXY CORNER: Noble Roman's Inc.
September 4, 2010
IBJ StaffNoble Roman’s Inc. is a franchisor of Noble Roman’s Pizza and Tuscano’s Italian Style Subs restaurants.
MoreRepublic Airways lands $110,000 in federal penalties
September 3, 2010
Chris O'MalleyFederal regulators say Republic delayed filing financial reports for subsidiaries Chautauqua Airlines, Republic Airline and
Shuttle America. it is the second proposed sanction levied against the Indianapolis-based carrier this year.
MoreEquity firm withdraws support for revised Emmis deal
August 30, 2010
Scott OlsonA Monday morning announcement from Alden Global Capital puts CEO Jeff Smulyan's efforts to take Emmis private in real jeopardy.
His attempts to sway preferred shareholders already have failed five times.
MoreEndocyte's $86M IPO plan a boon for Indiana, investors
August 28, 2010
Greg AndrewsVenture capitalists in Indiana and nationally have thrown money at the company with abandon. Local investors include CID Capital,
Clarian Health Ventures and the Indiana Future Fund.
MoreStrong Shoe Carnival profit beats estimates
August 26, 2010
Sales of toning footwear helped the Evansville-based company post record earnings in its fiscal second quarter.
MoreCancer drug developer Endocyte files for IPO
August 18, 2010
Scott OlsonThe company, headquartered at Purdue Research Park, said the number of shares to be offered and their price range have yet
to be determined.
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Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.
Yes. Blame those who were too lazy to go vote Obama out and those who voted him in again. That's my take on it. I know folks won't get it on the left. OK. Start berating me now!
Serioulsy, people are AGINST this project? Most communities would be salivating over a project like this. You'd rather have an empty eye-sore gas station and shacks posing as apartments? This project is exactly what BR needs. BUILD IT MR MAYOR. And yes, I am a BR resident, and have been for 20 years.
As a St. Vincent employee of over 20 years, I am saddened and disheartened by this announcement. Unfortunately, as the healthcare "industry" continues on this political and corporate path, all that St. Vincent Hospital has stood for spiritually for its employees and this community is being sucked dry. I know it truly has no choice. It is not just Obamacare or just competition or just any single thing. This trend started long before I was even born when the government became involved in healthcare and it became an "industry." I grieve for those who will lose their jobs, one of whom may be me, but I also grieve for this hospital which I have served for over 20 years. May God give us and it the grace to withstand the future of healthcare.
Why do people constantly harp on this issue and act ignorant about what a city population measures? A city's population is the city's population. There is no argument or debate about it. If you want to measure the density of a city--measure it. If you want to measure the size of a metropolitan area, then measure the metropolitan population. City boundaries cover different sized areas--and they always have (though the disparity has probably increased since about 1900 or so when more cities began annexing their surrounding communities). For example, San Francisco only covers 49 square miles while Houston cover nearly 600 square miles. No one argues about the population rankings of either city even though they clearly cover extremely different sized areas. Indianapolis is the 13 largest city by population in the U.S. That is a fact. While the population of a metropolitan area may give you a better sense of how large a community is, as noted, even metro areas can vary widely in the size of geographic area they cover--so that is not a perfect comparison either.