Emmis cranks up volume on fourth quarter revenue
Rumors of radio’s demise appear to be greatly exaggerated, at least for Indianapolis-based Emmis Communications Corp. Revenue for its radio and publishing arms continue to improve.
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WellPoint CEO lands nearly $17M in first year
Compensation for Joe Swedish included $4.1 million in perks, such as $3.8 million he would have received in his previous job, $79,000 in relocation expenses, and $82,000 for his legal fees from contract negotiations.
Bill opens door to crowdfunding investments for businesses
Privately owned businesses in Indiana will be able to raise investments online as part of a bill on the way to Gov. Mike Pence’s desk.
Calumet shares skid on big fourth-quarter loss
The Indianapolis-based processor of crude oil blamed its loss on tighter profit margins and higher operating costs. It has been on an acquisition spree since 2011.
U.S. economic growth perks up in third quarter
The U.S. economy expanded at a 2.8-percent annual rate from July through September, a surprising acceleration ahead of the 16-day partial government shutdown.
Strategist: Get ready for steady economic growth
Businesses will begin using their profits and horded cash to reinvest in themselves in 2014, helping push economic growth back to a more comfortable 2.5 percent, according to John Augustine, chief market strategist for Fifth Third Bank.
DowAgrosciences cultivates sales record, but profit withers
Despite a boost in third-quarter revenue due to crop-protection products, profit for the local unit of Dow Chemical tumbled more than 71 percent.
Crowd funding taps passionate fan base for fantasy figurines
A growing number of small game companies will join a pantheon of industry titans starting Aug. 15 at the Gen Con Indy gaming convention. The small guys are there largely because they can get the money they need to keep themselves alive via the fundraising technique known as “crowd funding” or “crowd sourcing.”
Hurco profit inches higher on stronger European sales
The Indianapolis-based maker of equipment for cutting and forming metal beat the weakened economy in Europe, but saw a sales drop in the recessionary Asia Pacific market.
CNO Financial to take $57M charge in first quarter
The Carmel-based insurance holding company says it expects to buy back more of its shares and take a special charge tied to a recent tender offer.
Indiana Beach owes $347,000 in taxes, county says
Indiana Beach Amusement Resort on Lake Shafer neglected to pay an estimated $180,000 in innkeeper’s taxes and about $167,000 in 2011 property taxes, according to White County officials.
Developer loses fraud appeal
The Indiana Court of Appeals affirmed Christopher White’s 2009 conviction, resulting from a $500,000 bad check he wrote as he tried to save his real estate development firm.
Gerdt Furniture to close doors after 53-year run
The last remaining store for the family-owned business, which recently shuttered its Castleton location, will stage a liquidation sale on Dec. 28.
Elkhart County getting nearly 400 new jobs
The Elkhart County Council on Saturday approved tax incentives for four companies seeking to expand in the county where the jobless rate topped out at nearly 19 percent in March 2009.
U.S. economy adds 146,000 jobs as unemployment rate slips
The Labor Department’s report Friday offered a mixed picture of the economy. Hiring remained steady during November in the face of looming tax increases. But the jobless rate slipped in part because more people stopped looking for work.
Stocks plunge after election, and as Europe woes deepen
The 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.
Duke loss narrows, quarter meets expectations
Indianapolis-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.
Chrysler drives off with $2.5M refund from Duke Energy
The automaker had claimed in a complaint to the state that Duke acted in "draconian" fashion by holding onto the seven-figure deposit for service at its Kokomo plant since 2009.
Hostess to cut wages for Indiana bakers in labor deal
Hostess Brands Inc., the maker of Twinkies and Wonderbread, has received the go-ahead from a U.S. bankruptcy court judge to lower wages for thousands of bakery workers, affecting more than 400 employees in Indiana.
Study finds finance managers at not-for-profits lack financial knowledge
Only 36 percent correctly answered all three assessment questions on a test.