Dow Agro earnings slip on low crop commodity prices
Dow Chemical Co. saw profit surge in the second quarter. But revenue and earnings declined at Dow AgroSciences, the Indianapolis-based division that has about 1,500 area employees.
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Retail, residential projects to continue East 16th Street surge
The operators of Tinker Street plan to open a Mexican restaurant along the revitalized corridor, while Hotel Tango Whiskey readies to expand operations there. Also, two more residential developments are in the works.
Allison Transmission profit rises on lower revenue
Allison Transmission posted revenue of $474.9 million in the period, down from $511 million last year.
Duke Realty meets analyst predictions with quarterly results
Duke Realty Corp. on Wednesday reported a smaller profit on slightly more revenue in the second quarter, along with key performance results that met analyst expectations.
‘Smooth transition’ predicted as Lilly turns to experienced exec
Over the last eight years, Eli Lilly relied on a three-decade company veteran to steer it through declining sales and a struggling product pipeline. Now, it’ll rely on another long-time executive for its next chapter.
Pence campaigns in Wisconsin to woo wary Republicans
Donald Trump hopes that his running mate, Indiana Gov. Mike Pence, will prove to be a secret weapon when he comes to important swing state.
Anthem prepping for hardball fight with feds over Cigna deal
The Indianapolis-based health insurer said its participation in the government’s health insurance exchanges—a sore subject for the Obama administration that is trying to stop the acquisition—may be at stake.
Carrier, union agree to severance deal for 1,400 workers
Carrier Corp. and United Steelworkers Local 1999 have agreed on a severance package for 1,400 employees who will be displaced when the company moves operations from Indianapolis to Mexico.
Former BMO exec jumps to Salin
Frieburg Indianapolis-based Salin Bank and Trust Co. appointed John L. Frieburg III, the former Indianapolis market president for BMO Harris Bank, as its executive vice president and chief credit officer. The bank said Frieburg is responsible for all functions of its credit administration and loan compliance. Frieburg served as president of Harris Bank Huntley from […]
Financial veteran to lead Centra Credit Union
Columbus-based Centra Credit Union, one of the largest Indiana-based credit unions, announced in late June that it named Rick Silvers as CEO.
First Internet Bancorp builds war chest for growth
The bank said it plans to use the $23 million it raised to fund organic growth, possible acquisitions and other corporate purposes.
With financial house in order, CNO branches into investments
The insurer started two new businesses that extend its reach into the investment world, paving the way for its salespeople to sell insurance, securities and advice.
Marketing initiative Film Indy hires first commissioner
Teresa Sabatine’s role will be to position Indianapolis as a production-friendly city for TV commercials, TV shows, corporate training videos and movies.
Shows gone by: Thoughts on ‘Equus,’ ‘The Winter’s Tale’ and Songbook Academy finals
Just because a show has closed, doesn’t mean it’s not worth writing about.
Fed keeps rates steady but sees less risk to U.S. economy
The central bank gave no hint of when it might resume the rate hikes it began in December, when it raised its benchmark rate from a record low.
CNO tightens oversight on deal with reinsurer linked to Platinum
CNO Financial Group Inc. said it’s scrutinizing a risk-transfer arrangement with Beechwood Re, the reinsurer linked to embattled hedge fund Platinum Partners.
Lechleiter: Lilly only considered insiders for CEO succession
David Ricks fit the bill for the top job at Eli Lilly and Co. after 20 years with the firm in product development, sales and marketing, and public policy, according to outgoing CEO John Lechleiter.
Simon coveting restaurants, online retailers to fill mall space
Simon executives told analysts during a conference call Wednesday that the company has added 200 restaurants to its tenant mix in the past five years, 53 of which should open either this year or in 2017.
Anthem’s medical spending rises on higher Obamacare costs
Anthem Inc. shares fell Wednesday after the Indianapolis-based insurer said it expects to lose money on Affordable Care Act plans this year. The company had been planning to break even.
Anthem tells judge Cigna deal will help health insurance market
Anthem Inc. told a federal court that its proposed $48 billion merger with rival health insurer Cigna Corp. will lower consumer costs and extend coverage to more people, in response to a U.S. lawsuit seeking to block the deal.