Simon raises outlook on strong first-quarter earnings
The nation’s largest mall owner said funds from operations, a key measure of profitability, increased 15.4 percent in the first quarter while tenant rents grew.
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Dow Agro sales slip 16 percent as parent firm’s merger looms
The Indianapolis-based agricultural division of Dow Chemical said Tuesday that lower demand, price pressures on herbicides and currency headwinds all hurt sales of its crop protection products.
Caterpillar closing 5 plants, cutting 670 jobs
The cuts over several states are part of a larger cost-saving campaign announced last year. They’re expected to affect operations in Indiana, where Caterpillar employs about 3,000.
Finish Line’s ‘self-inflicted’ blunders leave analysts skeptical
The Finish Line Inc.’s disastrous third quarter stemmed from management miscues, a well-worn story that has made some analysts skeptical that incoming CEO, Sam Sato, will usher in better times.
Large Noble Roman’s investor calls for sale of company
In a scathing letter to directors, Privet Fund LP said accountability is sorely lacking throughout the upper ranks of the company, which has a stock price languishing below $2 a share.
Analysts expect IAC to sweeten Angie’s List bid
After seeing its offers to buy Angie’s List turned down in private and in public, New York-based IAC/InterActiveCorp has the next move in what is shaping up as a chess match between the two firms.
Simon raises quarterly dividend, full-year forecast
A strong third quarter prompted Simon to boost its earnings forecast and raise its quarterly dividend to $1.60 per share, a 23.1 percent year-over-year increase.
Dow AgroSciences up for sale or spin-off, again
Dow Chemical is exploring all options for its subsidiary, Indianapolis-based Dow AgroSciences. The company employs 1,500 workers in the Indianapolis area and, as a stand-alone firm, would be the fifth-largest by revenue in Indiana.
Angie’s List ekes out profit as new CEO rebuffs activist
Shares sank 15 percent on Wednesday morning despite an $82,000 profit in the third quarter. New CEO Scott Durchslag told analysts he wanted to increase shareholder value organically rather than pursue a sale or merger.
Finish Line clocks steady performance in second quarter
The Indianapolis-based retailer of athletic apparel reported profit in its fiscal second quarter of $25.9 million, slightly down from the same quarter a year ago.
S&P takes significant hit amid global stock rout
The Standard & Poor’s 500 Index fell into a correction Monday for the first time since 2011 in one of the most volatile trading days ever, as a rout in global equity markets deepened.
Market plunge driven by fearful investors fizzles in U.S.
A wave of fear triggered by instability in China initially doused U.S. stocks on Monday morning, but then quickly receded by noon.
Noble Roman’s making strides on take-and-bake biz
The Indianapolis-based company in the past two months has increased its supermarket presence and hired an executive to oversee grocery operations, while securing more financing to help achieve the growth.
Simon sees jump in cash flow, sunny skies ahead
Simon Property Group Inc., the largest U.S. mall owner, on Friday reported a 22-percent jump in second-quarter funds from operations and increased its full-year forecast as rising employment helps lure shoppers.
Investors still cautious about antitrust scrutiny on Anthem-Cigna deal
The stock price for Cigna Corp. remained lethargic during trading Thursday, as another mega-merger of insurers complicated the Anthem deal and sparked antitrust concerns.
Dow Agro sees sales fall as ag market stalls
Sales at Dow AgroSciences LLC fell in the second quarter due to lower demand in the Americas and a stronger U.S. dollar. Dow’s profits, however, rose 8 percent due to cost-cutting and the sale of one product line.
Lilly posts lackluster profit but boosts full-year forecast
Eli Lilly and Co.’s profits plunged 18 percent in the second-quarter but still easily beat the lowered expectations of Wall Street analysts.
Cigna rejects $47B offer from Anthem as ‘inadequate’
Anthem on Saturday offered to buy the smaller health insurer, which responded Sunday with a litany of concerns and criticisms.
After long sales slide, HHGregg cuts ad spending, inventory
HHGregg Inc. has tried for four years to reverse sliding sales. That hasn’t worked, and now executives have turned their focus to slashing expenses in a quest to return to profitability next year.
Finish Line tightens laces, rebounds in fourth quarter
Reducing expenses and rejiggering inventory helped the Indianapolis-based retailer of athletic apparel finish a disappointing year with a strong kick.