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.
IBJ Staff and Bloomberg News
Articles
Sallie Mae expects split to have ‘limited’ effect in Indiana
The student lender wants to separate its education loan management and consumer bank businesses into two publicly traded entities. The firm is a major employer in Indiana, with more than 2,600 employees at offices in Indianapolis, Fishers and Muncie.
MH Equity portfolio firm plans liquidation
What was once Indianapolis-based MH Private Equity's most valuable portfolio company is going bankrupt. Entertainment Publications LLC, which produces fundraiser coupon books, filed for Chapter 7 liquidation Tuesday.
Subaru targets more growth at Indiana plant
The maker of Subaru cars is targeting a 6-percent increase in global sales this year, spurred by the introduction of a new Forester SUV model. The company will use its plant in Lafayette to increase output.
Lugar’s storied political career comes to a close
Colleagues and friends say Lugar’s commitment to foreign policy, which earned him a Nobel Peace Prize nomination, and his belief in bipartisanship, which contributed to his thrashing by Tea Party favorite Richard Mourdock in the May primary, will be sorely missed when he leaves the Senate in January after 36 years.
Hostess plant closings so far spare Indy, Columbus
The maker of Wonder bread and Twinkies said it is permanently closing plants in Cincinnati, Seattle and St. Louis. The company has about 875 workers in Indiana, about half of them members of the striking bakers' union.
Hostess mulling Indiana plant closures after walkout
A Hostess spokesman said the company is debating whether it will close its Indiana plants after workers went on strike on Friday. Hostess employs about 875 workers in Indiana, including 288 in Indianapolis.
University of Phoenix closing half its campuses
School officials did not say whether the University of Phoenix campus in Indianapolis off Interstate 465 near the Castleton Square Mall would be among those closed.
Cummins to cut as many as 1,500 jobs; Indiana impact unclear
Responding to a sputtering global economy, Columbus-based Cummins Inc. said late Tuesday afternoon that it expects to cut 1,000 to 1,500 jobs by the end of 2012. The diesel engine manufacturer also cut its forecast for full-year revenue to about $17 billion from $18 billion.
State’s largest private company on verge of IPO
Berry Plastics Group Inc., the largest private company in Indiana, may set terms for its initial public offering as soon as this week, said two people with knowledge of the matter.
IU, Purdue, others see big dip in MBA applications
Applications to the MBA programs at Indiana University and Purdue University fell sharply this year, part of a nationwide trend among many of the nation's largest and most prominent business schools.
Solar panel maker Abound to auction off assets
Abound Solar Inc., the bankrupt solar-panel maker that had hoped to hire up to 1,200 people in Indiana by the end of next year, will have its assets sold at auctions this month and in October.
Report: Simon foe General Growth hiring investment bank
The board of General Growth Properties—a longtime acquisition target for locally based Simon Property Group Inc.—may reconsider a sale of the company two years after it spurned a Simon offer.
Peabody to close Indiana mine with 230 workers
Peabody Energy Corp. will permanently close its Air Quality Mine in Vincennes because of “soft” conditions. The closure will affect 230 workers.
WellPoint launches search for new CEO after Braly resignation
Investors are looking for a CEO who can right the Indianapolis-based company’s financial performance and integrate WellPoint’s recent deals to buy Medicaid insurer Amerigroup Corp. and vision company 1-800-Contacts Inc.
Braly’s departure occurred sooner than many expected
Even though CEO Angela Braly was facing withering criticism, analysts thought WellPoint would be reluctant to change CEOs while its $4.9 billion acquisition of Amerigroup Corp. was pending.
Simon again considering acquisition of shopping mall rival
One of General Growth Properties Inc.'s largest shareholders says Indianapolis-based Simon Property Group has discussed acquiring the Chicago-based shopping mall competitor.
WellPoint board member says Braly still backed as CEO
A WellPoint Inc. director said there’s no move by the board to fire CEO Angela Braly for poor performance. Meanwhile, an expert predicted Braly will have at least until early 2013 to right the ship as the company awaits the close of the $4.9 billion Amerigroup acquisition.
Lilly stock slips after competitors halt Alzheimer’s plans
Pfizer Inc., Johnson & Johnson and Elan Corp. are ending most plans to develop an Alzheimer’s drug after a second trial failure. Eli Lilly is developing a similar treatment.
Emmis shareholders fight bylaw changes on dividends
Investors asked U.S. District Judge Sarah Evans Barker in Indianapolis for an order blocking a special meeting at which Emmis shareholders will be asked to approve bylaw changes wiping out more than $34 million in accrued and unpaid preferred stock dividends.