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2012 NEWSMAKER: CEO keeps Simon stock surging
December 28, 2012
IBJ StaffIf there were an MVP for local CEOs, David Simon would again find himself at or near the top of the list in 2012.
MoreAnalyst: WellPoint CEO search down to two
November 19, 2012
J.K. WallAccording to one Wall Street analyst, the search for a new CEO for Indianapolis-based health insurer WellPoint Inc. is down
to two candidates: former Aetna Inc. CEO Ron Williams and Amerigroup Corp. CEO Jim Carlson.
MorePlenty of turbulence ahead, despite Republic's progress
November 17, 2012
Greg AndrewsAnalysts are impressed by Bedford’s cost-cutting achievements at Republic’s scheduled-service carrier, Frontier
Airlines, and his early progress in restructuring its Chautauqua unit, which flies small regional jets on contract for branded
carriers.
MoreSmall biz exposure clouds WellPoint's future
November 12, 2012
J.K. WallWellPoint’s average small-employer client has just 8.5 lives covered on its health plan. And firms of that size are
far more likely to use the new health insurance exchanges, said WellPoint Chief Financial Officer Wayne DeVeydt.
MoreStocks plunge after election, and as Europe woes deepen
November 7, 2012
Associated PressThe Dow Jones industrial average plummeted as much as 369 points, or 2.8 percent, in the first two hours of trading. It recovered
steadily in the afternoon, but slid into the close and ended down 313, its biggest point drop since this time last year.
MoreDuke loss narrows, quarter meets expectations
November 1, 2012
IBJ StaffIndianapolis-based Duke Realty Corp. on Wednesday reported a third-quarter loss of $28.2 million, smaller than a loss of $32
million in the same quarter of 2011.
MoreBaldwin & Lyons profits rise on fewer storm losses
November 1, 2012
Indianapolis-based Baldwin & Lyons Inc. continues to improve on its 2011 results, recording after-tax profit of $11.7
million, or 78 cents a share, for the third quarter.
MoreCalumet's sales, profit boom after acquisitions
October 31, 2012
IBJ StaffCalumet Specialty Products Partners LP’s profit more than doubled in the third quarter, helped by huge gains in the
fuel-products side of its business following several acquisitions.
MoreStorm will keep financial markets closed Tuesday
October 29, 2012
Associated PressStock trading will be closed in the U.S. for a second day Tuesday as Hurricane Sandy bears down on the East Coast. Bond trading
will also be closed.
MoreLilly misses analyst estimates, lowers profit forecast
October 24, 2012
J.K. WallThird-quarter earnings at Eli Lilly and Co. fell short of analysts' expectations, and the Indianapolis-based drugmaker reduced
its profit forecast by 4 cents per share for the remainder of the year.
MoreExactTarget aims to be one-stop shop with acquisitions
October 12, 2012
J.K. WallIndianapolis-based ExactTarget Inc., which grew up as an e-mail blasting company focused on consumers, is trying to entrench
itself as a one-stop shop for smartly interacting with all manner of customers.
MoreExactTarget buys interactive marketing firms for $116M
October 12, 2012
IBJ StaffThe newly public tech company said it paid $95.5 million for Atlanta-based Pardot LLC and $21 million for Indianapolis-based
iGoDigital.
MoreWellPoint reorganizes into four business units
October 11, 2012
Bloomberg NewsSeparate Medicare and Medicaid divisions each will sell plans for those government-backed insurance programs. Another will
handle commercial and individual business, and a specialty unit will provide dental, vision and disability coverage.
MoreEmmis’ quarterly profit rises on sale of station
October 11, 2012
Much of Emmis' profit stemmed from the Aug. 23 sale of KXOS-FM in Los Angeles for $85.5 million, from which the company reported
a gain from discontinued operations of $32.8 million.
MoreCummins shares slide on job cuts, lower forecast
October 10, 2012
Bloomberg NewsShares in Cummins Inc. saw their biggest one-day drop in three months Wednesday after the Columbus-based engine maker lowered
its forecasts for revenue and profit and said it expects to cut as many as 1,500 jobs by the end of the year.
MoreMembers sue consumer ratings site Angie's List over fees
October 9, 2012
Chris O'MalleyA federal lawsuit seeking class-action status alleges that Angie’s List automatically renews members' subscriptions
at a higher rate than they’re led to believe, under what it calls a “systematic and repeated breach of its membership
agreement.”
MoreLilly shares rise on Alzheimer's study results
October 8, 2012
J.K. WallEli Lilly and Co.’s Alzheimer’s drug slowed cognitive decline 34 percent in patients with mild forms of the disease,
according to an analysis of Lilly’s clinical trial data released Monday. Lilly’s share price jumped more than
5 percent on the news.
MoreCeladon shares jump along with earnings expectations
October 8, 2012
Chris O'MalleyThe Indianapolis trucking company expects its quarterly earnings to beat analysts' consensus forecast and last year's
results, thanks to acquisitions and cost controls. Shares were up 9 percent at 1 p.m.
MoreCummins shortens work week at Columbus factory
October 5, 2012
Associated PressThe engine maker says that slowing demand led to the decision to scale back hours for the 350 workers at its Columbus Fuel
Systems Plant. The new four-day workweek will continue indefinitely.
MoreWellPoint likely to go outside for chief
September 29, 2012
J.K. WallWhile WellPoint Inc. and its predecessors have a history of grooming new CEOs in-house, the next leader of the health insurance
giant is likely to be an outsider, according to interviews with more than a half dozen former directors and officers of the
company.
MoreRemy International getting prepared for another attempt at IPO
September 27, 2012
Scott OlsonThe Pendleton-based auto-parts manufacturer is offering 40,000 shares to employees and immediate family members to boost its
number of stockholders before a broader public offering.
MoreExactTarget's stock price falls as insiders unload shares
September 18, 2012
Scott OlsonThe stock fell more than 7 percent Tuesday after company insiders shed more than 7.5 million shares of the Indianapolis-based
marketing software firm. The selloff follows the expiration Monday of the company's lock-up agreement.
More'80s anti-takeover law helped sow Emmis win
September 8, 2012
Greg AndrewsThe Indiana Business Corporation Law—enacted to help Hoosier companies fight off a wave of attacks by corporate raiders—gives
boards of directors unusually broad authority to exercise judgment as they see fit.
MoreBounty on Braly? $1.4 billion
September 4, 2012
J.K. WallInvestors who called strongly for the head of WellPoint Inc. CEO Angela Braly got what they wanted last week. In response,
they bid up WellPoint's share price by $1.4 billion on the day after she resigned.
MoreRival's strong results have WellPoint playing catch-up
August 25, 2012
J.K. WallUnitedHealth has been enjoying healthy profits, growing customer rolls and a rising stock price—things the Indianapolis
insurer has been unable to match. That tough comparison lies behind some of the investor attacks on WellPoint CEO Angela Braly.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!