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Standard & Poor’s plans to rate the corporate credit and debt of Hillenbrand Industries Inc. at a BBB- rating instead of its current A- after the Batesville company spins off its Batesville Casket Co. business on March 24. Hillenbrand, which focuses on hospital beds and other health care equipment, is receiving the downgrade because the […]

A.M. Best Co. lowered its outlook on WellPoint Inc.’s financial strength, citing concerns about the company’s growth potential. Best, the nation’s most-influential insurance ratings agency, maintained WellPoint’s A grade, which means it is in excellent position to pay future medical claims. But Best lowered its outlook on the Indianapolis-based health insurer from positive to stable. […]

Indianapolis-based Simon Property Group plans to construct the third-tallest building in Boston. The 47-story residential tower in Copley Place will be overshadowed only by the 52-story Prudential Tower and the 60-story John Hancock Tower, according to The Boston Globe. The first four floors of the luxury condominium tower will comprise retail space. Simon also is […]

A restructuring announced last year will result in 75 to 100 workers being laid off from Kimball International Inc.’s headquarters in the southern Indiana city of Jasper. Most of the affected workers will be white-collar, according to the Evansville Courier & Press. About 150 of the furniture and electronics maker’s 4,000 positions are expected to […]

Locally based Noble Roman’s Inc. has hired a financial adviser to help it explore strategic alternatives, a move that often opens the door to a company’s sale. The struggling franchise pizza chain, which has about 1,000 locations across the United States, said it has hired Newport Beach, Calif.-based Roth Capital Partners to evaluate “various strategies […]

Bloomington medical device maker Cook Medical has won a lawsuit brought by Edwards Lifesciences Corp. over patents on Cook’s devices for fixing aneurysms. Edwards, based in Irvine, Calif., claimed four of Cook’s Zenith endovascular stent-grafts infringed its patent. The stents are used to treat abdominal aortic aneurysms and thoracic aortic aneurysms.

The psychiatric unit of Home Hospital in Lafayette is expected to reopen in the next week after being closed for the past 14 months, according to the Journal & Courier of Lafayette. Home Hospital, which is operated by Lafayette-based St. Elizabeth Regional Health, closed in January 2007 when three psychiatrists stopped providing inpatient services at […]

Delta Faucet Co. has cut 95 blue-collar workers at its plant in Greensburg, leaving about 662 employees. The Carmel-based company blamed ongoing sluggishness in the housing market, according to the Greensburg Daily News. Earlier layoffs at the plant have claimed about 100 workers, and about 30 jobs at the Camel offices. Delta is owned by […]