Indiana’s jobless rate holds steady for third straight month
Private-sector employment rose during the month by 3,400 jobs, led by gains of 2,800 jobs in the Construction sector and 2,500 jobs in the Trade, Transportation & Utilities sector.
IBJ Staff and Bloomberg News
Articles
EPA reversal on Dow Agro’s Enlist could cut billions off sale price
The U.S. Environmental Protection Agency has asked a federal appeals court to vacate its approval of the Enlist Duo herbicide. The move could reduce the value of Dow Agro, which might be sold by parent Dow Chemical.
Republic Airways shares plunge 55 percent after warning
Republic Airways Holdings Inc. stock dove Monday morning after the Indianapolis-based company slashed its profit outlook and warned of more flight interruptions from an ongoing labor dispute with pilots.
Dow Agro reports flat quarterly sales, smaller profit
Dow AgroSciences reported stagnant sales in the third quarter Wednesday morning on softer sales of crop-protection products. Meanwhile, parent company Dow Chemical beat expectations with its quarterly report.
Finish Line shares fall after quarterly results miss mark
Shares in The Finish Line Inc. dropped as much as 12 percent Friday morning after the company reported second-quarter earnings and revenue that fell short of analyst expectations.
Dow AgroSciences reports record quarterly results
The Indianapolis-based subsidiary of the country’s largest chemical maker achieved all-time highs in revenue and earnings in the first quarter.
Once-promising bioplastics maker fizzles out
A company that once planned to make Indiana home to the largest bioplastics manufacturing facility in the world is going out of business.
Lilly diabetes drug matches competitors’ effectiveness
The Indianapolis drugmaker said dulaglutide performed as well as Victoza, a best-selling drug for Type 2 diabetics made by Denmark-based Novo Nordisk. Analysts think dulaglutide could reach annual sales of $1.5 billion.
Champps restaurants likely to survive parent’s bankruptcy
The bankruptcy of a Kansas restaurant company has cast uncertainty over the future of its five Indianapolis-area restaurants—three Chammps Americanas and two Fox and Hounds.
Simon posts strong quarter as mall occupancy strengthens
Occupancy in Simon’s malls climbed to 96.1 percent in the fourth quarter, up from 95.3 percent in the year-ago period as total sales per square foot increased to $582 from $568.
Dow AgroSciences posts record quarterly results
Strong sales of new crop-protection products helped the Indianapolis-based company report its highest revenue ever in the fourth quarter.
Hawthorns Golf Club in Fishers files for bankruptcy
The move comes after a lender filed a $4.8 million foreclosure lawsuit on the club and asked a Hamilton County court to appoint a receiver.
Lender to buy training firm Adayana in bankruptcy case
Indianapolis-based Adayana Inc. received permission this week from U.S. Bankruptcy Court in Indianapolis to sell the business to a secured lender in exchange for millions of dollars in debt.
Homebuilders end 15-month streak of permit increases
The central Indiana home construction industry reversed course in October, with a rare year-over-year decrease in the number of single-family building permits filed. The drop follows a recent downward trend.
Angie’s List results improve, but miss expectations
Angie’s List Inc. on Wednesday said it suffered a smaller loss in the third quarter, but the online business-rating service’s results and outlook fell short of Wall Street expectations.
Salesforce’s bet on ExactTarget starts to pay off
The $2.5 billion purchase of ExactTarget will add $140 million to $145 million in revenue this year for Salesforce.com, the firm said Thursday. Its shares soared 13 percent in Friday morning trading.
Indy joins national protest over fast-food wages
Fast-food workers in 50 U.S. cities, including Indianapolis, plan to walk off the job Thursday in an attempt to ratchet up pressure on McDonald’s Corp., Wendy’s Co. and others to raise wages.
Big Anderson church files for Chapter 11 bankruptcy
The Madison Park Church of God bought a 200-acre site near Interstate 69 in 2007 and built a church there using three bridge loans. One $6 million loan matured on July 12 and couldn't be repaid.
HHGregg files to raise up to $300M in stock, debt
Public companies are taking advantage of this year’s big boost in the stock market with hundreds of secondary offerings. Gregg shares are up about 117 percent since the beginning of the year.
Salesforce.com buying Indy’s ExactTarget in $2.5B deal
ExactTarget, an Indianapolis-based digital marketing company, is fetching $33.75 per share—a whopping 53-percent premium to where its stock closed Monday.