Stocks soar after Europe unveils bond-buying effort
A long-anticipated plan to support struggling countries in the European Union provided the necessary jolt, and the gains were extraordinarily broad.
A long-anticipated plan to support struggling countries in the European Union provided the necessary jolt, and the gains were extraordinarily broad.
Libor, the London interbank offered rate, certainly sounds like an obscure, technical bit of financial jargon. However, Libor directly affects the pricing of more than $800 trillion in securities and loans.
Carmel-based KAR Auction Services Inc. isn’t commenting on a report by Reuters that it is talking with private equity firms about taking the company private for the third time in its 30-year history.
Cummins 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.
Allison Transmission Inc., the locally based maker of transmissions for trucks, buses and the military, set the interest rate it will pay on a $500 million term loan the company is seeking to refinance debt.
Retailer’s operating income is the same as five years ago, even though it has triple the number of stores.
In the midst of hard-core lobbying by the banking industry designed to soften the drive for more stringent financial regulation, some key institutions haven’t exactly covered themselves in glory lately.
The future of health insurance is lower profit margins and greater consumer control. WellPoint Inc. just bet $900 million on it.
The CEO of feeder airline operator Republic Airways Holdings Inc. said on Wednesday that new Bombardier jets could be flown in the United States in a partnership with one of the big airline alliances.
Johnson & Johnson and Bayer AG’s blood-thinner Xarelto should be approved to help prevent heart attacks and strokes in patients with a common condition, a U.S. regulatory report recommended.
Facebook sold 421million shares to raise $16 billion, giving the company a $104 billion market value. After the debut, underwriters bought the stock to keep it from falling below the IPO price.
For 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.
While turnaround plans at Frontier Airlines capture most of the attention, Republic Airways Holdings Inc. is also trying to revitalize its smaller Chautauqua Airlines unit.
The struggling electronics chain Best Buy has launched a turnaround strategy that borrows more than a few pages from the playbook of competitor HHGregg.
An ex-employee of manufacturer ASI Limited in Whitestown is suing the company for allegedly failing to give workers a required 60-day notice that the plant was closing. The lawsuit seeks class-action status on behalf of roughly 200 terminated workers.
Republic Airways Holdings Inc. has heard from potential buyers for Frontier Airlines and is close to naming an adviser on whether the unit will be sold or spun off to shareholders, CEO Bryan Bedford said.
John Keach Jr., the third generation of his family to lead Indiana Bank & Trust, looked into the future and wondered how—given the lackluster economy and increasing costs for everything from employee benefits to regulatory compliance—it would generate robust earnings growth.
Indianapolis-based Eli Lilly and Co. is now in the predicament of watching revenue fall as its patents on older products expire, even as the company needs to spend more money on marketing and research to boost sales of new drugs.
ASI Limited informed an estimated 250 employees by letter that the company was no longer profitable. The manufacturer’s high-profile projects include Lucas Oil Stadium and the JW Marriott hotel.