Public Companies

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ARTICLES

Global firm to cut 320 jobs in Bloomington

The Bloomington layoffs from a television repair subsidiary would be ModusLink’s second major reduction in operations in Indiana in six months.
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Lilly to delay U.S., EU approval of basal insulin

Although the experimental diabetes drug is in final-stage testing and showing promising results, Lilly wants to better understand its effect on liver fat.
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Feds finally end probe into Lilly bribery allegations

The U.S. Department of Justice told Lilly last month its investigation was over—more than a year after the drugmaker paid $29 million to the SEC to settle related bribery allegations.
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Allison exceeds expectations with quarterly report

The Indianapolis-based manufacturer had sales of $544.4 million in its fourth quarter, an 11-percent increase over the same period of 2013. Profit rose to $50.5 million, up from $42.9 million.
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Simon posts strong quarterly, annual earnings

Quarterly profit grew to $405 million, as occupancy in Simon Property Group's retail properties increased to 97.1 percent, a company record for year-end occupancy.
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HHGregg snags new exec from New York chain

The appliance and electronics retailer has hired its fourth chief merchandising officer in about three years, snagging a veteran executive who will move on from a much smaller chain.
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Global headwinds no match for Dow at 18,000

U.S. stocks faced upheavals in 2014 that threatened to derail a bull market in its sixth year. But the Dow has shown an ability to bounce back from selloffs driven by macroeconomic events.
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Canadian firm buys Ingram Micro properties for $68.7M

Granite Real Estate Investment Trust has entered Plainfield's robust logistics and distribution market with a deal to buy two mammoth facilities and a prime plot of land.
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Zimmer to pay Stryker $70M in surgical device fight

The award is actually less than a third of what Warsaw-based Zimmer was originally ordered to pay for infringing patents on a lavage device.
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Sixteen firms promise Indiana expansions, 2,100-plus jobs

Nine of the 16 firms who announced their plans with state officials Thursday expect to boost operations and employment in the Indianapolis area, forecasting 933 jobs.
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