To refine your search through our archives use our Advanced Search
WellPoint Inc. shares slipped in morning trading after the company beat analysts’ expectations for second-quarter profits but failed to raise its year-end earnings forecast. Shares of the Indianapolis-based health insurer tumbled 5 percent, to $51.63 each. WellPoint earned $1.50 per share in the latest quarter, excluding investment losses. Analysts were expecting $1.43 per share, according […]
Carbon Motors this morning officially selected Connersville for its proposed headquarters and
manufacturing operations.
The Indy Racing League is expected to unveil its 2010 schedule as early as this weekend, but a few interesting tidbits have already leaked out.
It looks like an 18- to 20-race slate next…
A Superior Court judge has sided with the Metropolitan Development Commission in a dispute over digital billboards. Outdoor advertising giant Lamar had sought a summary…
A rally this morning in Connersville originally intended to help persuade a police car manufacturer
to locate a major factory there appears to be a celebration party.
Slate has an interesting piece running about the death of music magazines. Writer Jonah Weiner points to the folding of Vibe and Blender, lay-offs at Spin, and staff cuts at Rolling Stone. He further notes te notes the challenges faced in covering music…
Carmel-based Dormir Inc., which operates sleep study centers and sleep equipment stores around the country, raised $12 million
in venture capital from three out-of-state firms.
Eli Lilly and Co. CEO John Lechleiter and his wife, Sarah, have pledged to give the United Way of Central Indiana a total
of $1 million over the next four years as a “challenge to CEOs and other community leaders to step up their giving.”
Conseco Inc. said it would meet analysts’ expectations for the second quarter by posting earnings of at least 22 cents
per share, before investment losses. The Carmel-based health insurer announced the preliminary financial results today after
the market closed.
Indianapolis-based Dow AgroSciences LLC will have a new CEO after its parent organization moves Jerome Peribere into a new
position, the company announced today.
Second-quarter profit fell nearly 8 percent at WellPoint Inc. as rising joblessness trimmed its customer rolls by nearly 340,000 people, the company announced this morning. But the Indianapolis-based health insurer managed to exceed analysts’ expectations, posting profit per share of $1.50, before investment losses. Analysts were expecting $1.43 per share, according to a survey by […]
Eli Lilly and Co. CEO John Lechleiter and his wife, Sarah, have pledged to give the United Way
of Central Indiana a total of $1 million over the next four years as a “challenge to CEOs and other community leaders to step
up their giving.”
Conseco Inc. said it would meet analysts’ expectations for the second quarter by posting earnings of at least 22 cents per share, before investment losses. The Carmel-based health insurer announced the preliminary financial results today after the market closed. Its total net income will swing to a gain of $16 million to $28 million compared […]
Gov. Mitch Daniels is going to China. This afternoon, Daniels announced he’ll lead his first-ever trade delegation to the Asian nation. He’ll be joined on the Sept.5-16 trip by Hoosier business leaders and Indiana Secretary of Commerce Mitch Roob. An Indiana governor hasn’t visited China in more than a decade. Daniels will visit Shanghai as […]
Eli Lilly and Co. and a development partner has canceled clinical trials on an experimental drug to treat multiple sclerosis
after the drug failed to delay progression of the disease in trial patients.
Indianapolis-based Grain Dealers Mutual Insurance Co., one of the largest property-casualty insurers in the state, will
become part of The Main Street America Group, the Jacksonville, Fla.-based company said this morning.
Indianapolis-based Grain Dealers Mutual Insurance Co., one of the largest property-casualty insurers in the state, will become part of The Main Street America Group, the Jacksonville, Fla.-based company said this morning. Financial terms of the transaction were not disclosed. The agreement has been approved by directors of both firms and is awaiting approval from the […]
Eli Lilly and Co. watched $97 million and a whole lot of hope wash down the drain yesterday. The Indianapolis-based drugmaker and a development partner canceled clinical trials on an experimental drug to treat multiple sclerosis when the drug failed to delay progression of the disease in clinical trial patients. Lilly had partnered with the […]
Stant Corp., a 111-year-old manufacturing firm based in Connersville, filed for Chapter 11 bankruptcy protection yesterday, according to Bloomberg News. Stant, the world’s top maker of automotive fuel, oil and radiator caps, was one of Indiana’s 20 largest public companies in the mid-1990s, with annual sales exceeding $600 million, before it was acquired by United […]
Jasper-based German American Bancorp this morning reported second quarter profit of $2.8 million on $19.7 million in revenue. That compares to a profit of $3.1 million on $21.3 million in revenue during the same period a year ago. German American Bancorp CEO Mark Schroeder attributed most of the decline in profit to increased deposit insurance […]
