Cash-strapped Arcadia seeks DailyMed buyer
The Indianapolis-based company is searching for a buyer for its once-promising DailyMed pharmacy service as it struggles to pay $30 million in debt that comes due in April.
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SEC filing: Ex-IPL chief Murtlow qualified for large payout
Indianapolis Power & Light chief Ann Murtlow left the utility this spring under terms of a separation agreement that would have entitled her to at least $404,410, according to documents the utility filed Nov. 3 with the Securities and Exchange Commission.
EnerDel parent dismantles executive team
Ener1 Inc., the struggling parent company of Indianapolis-based advanced-battery maker EnerDel, continued its tumultuous year by naming a new CEO, president and chief financial officer.
Remy International reports lower third-quarter profit
The Pendleton-based company filed plans in March to raise up to $100 million through an initial public offering.
Duke Realty’s massive office sale wins praise on Wall Street
Investors have bid up shares of Duke Realty 13 percent since the company announced it was selling a huge portfolio of office buildings for $1.1 billion.
Catastrophes deliver more losses to Baldwin & Lyons
The auto and trucking fleet insurer lost $13 million, or 87 cents per share in the three months ended Sept. 30, compared with profit of $9.2 million, or 62 cents per share, in the same period a year earlier.
Angie’s List losses continue to climb
In a Monday SEC filing, the company said it lost $43.2 million through the first nine months of 2011, pushing total losses since 2006 to $160.6 million. Angie’s List filed in August to go public.
Old National’s profit grows 41 percent
The Evansville-based financial services holding company reported third-quarter profit of $16.8 million. Earnings would have been even better without expenses related to its purchase of Integra Bank.
PROXY CORNER: Cummins Inc.
Cummins Inc., 500 Jackson St., Columbus, Ind. 47202 (www.cummins.com) designs and manufactures diesel engines for automotive and industrial markets.
Lilly fights view that fate hinges on Alzheimer’s drug
Analysts have eyes on trial data for drug that could be a game-changer for the company.
Quarterly profit surges for trucking firm Celadon Group
Celadon Group Inc.’s first-quarter profit grew nearly 23 percent, to $5.4 million, or 24 cents a share, on revenue of $141.5 million.
Dow Agro improves quarterly revenue, profit
Indianapolis-based Dow AgroSciences on Thursday reported record third-quarter sales of $1.2 billion, up 27 percent from the same period a year ago.
Lilly: Vendors key after Zyprexa patent loss
Lilly’s patent-loss challenges—the biggest of which takes effect today—will force the company to rely even more on its 1,300 Indiana vendors.
Insurance mandate lacks teeth, WellPoint CFO says
As constitutional challenges to the health reform law’s mandate to buy insurance advance, WellPoint Inc.’s chief financial officer reiterated that the company does not object to the mandate, just to its lack of penalties.
ITT Educational’s enrollment, profit fall again
The Carmel-based operator of for-profit colleges posted a 27.8-percent drop in earnings while new-student enrollment fell 14.1 percent.
EnerDel parent facing shareholder legal battle
At least three lawsuits accuse Ener1, the parent of Indianapolis-based advanced-battery maker EnerDel, of misleading investors about its financial condition.
Klipsch purchase helps fuel Audiovox sales
Audiovox's CEO credited Klipsch with helping Audiovox report strong financials Tuesday. Audiovox completed its purchase of the Indianapolis speaker maker in March.
Stocks jump on European pledge to help banks
The Dow Jones industrial average jumped 330 points, or nearly 3 percent, to close at 11,433. Indianapolis-based Hurco Cos. led local stocks, gaining 10 percent to close at $23.98.
Lilly gets dinged for job cuts
Eli Lilly and Co. got called out in a recent report on companies that took advantage of the 2004 tax holiday on foreign profits and have since slashed jobs.
Netflix kills plan to split off DVD rentals
Subscribers will be able to use both services under one account and one password, CEO Reed Hastings said Monday in a blog post.