Republic Airways extends deadline for Frontier sale
The Indianapolis-based regional carrier plans to tie up negotiations with a prospective buyer, believed to be headed by former Spirit Airlines Inc. Chairman Bill Franke.
Public Companies
Articles
Pioneer in online banking thriving on diversification
First Internet Bancorp shares are up 105 percent for the year. Founder David Becker said the Indianapolis-based bank has been careful to be geographically diversified in its real estate holdings.
Interactive revamps sales strategy to widen client appetite
The Indianapolis software developer last quarter broke its sales teams into tiers—small, medium and large deals—because too many employees were going after big contracts, with their high commissions.
Allison stock slips after owners reveal plan to sell shares
The primary investors in Allison Transmission Holdings Inc. are looking to lock in profits by unloading 16.6 million shares of the company for more than $350 million.
Vera Bradley to invest $26M in expansion, add 128 jobs
Handbag and luggage maker Vera Bradley Inc. plans to bolster its design and distribution centers near Fort Wayne.
Baldwin & Lyons posts 21-percent boost in profit
The insurer of trucking and auto fleets reported healthy jumps in profit and revenue in the second quarter, spurred by record premiums written by subsidiaries.
Cummins shares jump on 2-percent revenue boost
Shares of Columbus-based engine maker Cummins Inc. shot up 4 percent in Tuesday morning trading despite a reported 11-percent dip in profit for its second quarter.
Gears slip for Allison Transmission in second quarter
Profit and revenue fell for Allison Transmission Holdings Inc. in its second quarter, as demand in its mining and military markets slipped.
CNO profit jumps 17 percent
The Carmel-based insurer and financial services company reported strong earnings on a slight increase of revenue for the second quarter.
Ingersoll-Rand spin-off names CEO for Carmel operation
The $2 billion global security company slated to take shape in Carmel later this year has added a major piece to its executive puzzle: CEO David D. Petratis.
CNO repurchases $50M in shares in second quarter
The Carmel-based insurer expects to repurchase $250 million to $300 million of securities this year.
Proxy Corner: Vera Bradley Inc.
Vera Bradley Inc., 2208 Production Road, Fort Wayne, Ind., 46808, sells handbags, accessories, paper-and-gift items and travel items through 65 retail stores, 11 outlet stores, 3,400 specialty stores and through verabradley.com.
IPL parent eyes Indy for corporate services hub
AES Corp., based in Arlington, Va., has been considering Indianapolis as the hub for a new shared-services center, and is planning a major economic development announcement in the city on Friday.
Salesforce slow to excite investors after $2.5B buyout of ExactTarget
Shares of the California-based cloud computing giant continue to lag after last week’s announcement of its $2.5 billion offer for Indy-based marketing powerhouse ExactTarget.
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.
Salesforce to keep ExactTarget independent, ‘invest’ in it
In a company memo, ExactTarget CEO Scott Dorsey assures employees of their importance after announcing deal to sell the company for $2.5 billion.
ExactTarget sale caps success story; CEO mum on Indy work force
ExactTarget CEO Scott Dorsey said the company will remain “very committed to Indianapolis” after its $2.5 billion buyout by tech giant Salesforce.com, but he would not comment on potential changes to the local work force of more than 1,000 employees.
Explanations vary for dearth of women in top rungs of business
Of 112 public and large private-company CEOs, only four are women, although women make up 47 percent of Indiana's work force. The four Indiana companies with a woman as CEO at the end of 2012—Bioanalytical Systems, Fortune Industries, Defender Direct and HP Products Corp.—were among a tiny group nationwide with women at the helm.
Duke’s CFO heading to Chicago real estate firm
Christie Kelly is credited with playing a critical role at Duke in helping the company keep a strong financial position during the recession and economic recovery.
Firms ladle trips, car allowances on top of rich pay packages
Senior executives at Indiana's public companies last year received, on average, more in perks than the typical Hoosier earned all year, IBJ found after reviewing Securities and Exchange Commission documents for more than 60 Indiana companies.