Compensation dips slightly for WellPoint brass
Angela Braly, CEO of the Indianapolis-based health insurance company, received total compensation of nearly $13.3 million, down 1.5 percent from the $13.5 million she made the previous year.
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Supreme skepticism boosts WellPoint stock
Wall Street's favorable reaction came not only because harsh questioning by the U.S. Supreme Court’s conservative justices put in doubt the health reform law’s mandate that all Americans buy health insurance, but also because the justices raised the possibility that they would strike down requirements that insurers accept all customers, regardless of health.
Wall Street observers blast Emmis plan to ax preferred shares
Emmis Communications Corp.'s effort to strip its preferred shareholders of their rights and avoid forking over about $10 million in unpaid dividends is drawing sharp criticism from top market observers, including a columnist for The New York Times.
Sale of Fortune Industries would take company private
The company is set to be purchased by CEP Inc., a holding company led by Fortune Industries CEO Tena Mayberry and Chief Financial Officer Randy Butler. But several law firms are investigating the sale for potential unfairness on behalf of shareholders.
State’s largest private company plans to go public
Evansville-based Berry Plastics Group Inc., a container maker owned by funds affiliated with Apollo Global Management LLC, on Friday filed to sell up to $500 million of stock in an initial public offering.
Dynamics in place to mint public companies aplenty
Indianapolis attorneys say numerous local private firms are on the IPO sidelines, mulling whether to try to capitalize on the strengthening economy and improving investor appetite for new issues.
Analysts lukewarm to Allison ahead of market debut
Shares of Allison Transmission Holdings Inc. are expected to begin trading Thursday, but the early reaction to the IPO from analysts is lukewarm. The locally based company’s private-equity owners are offering 21.7 million shares for $22 to $24 apiece, which could raise as much as $522 million.
Fuel prices wreak havoc on Republic Airways turnaround
If the cost of aircraft fuel continues to approach $3.50 a gallon, 2012 fuel costs for the company's Frontier unit fuel will end up $40 million higher than the business plan.
Simon Property Group goes on $3.5B mall spending spree
The Indianapolis mall owner is expanding its global profile, agreeing to buy a controlling stake in a French firm with a 271-property European portfolio. Simon also is buying out a partner in its Mills portfolio closer to home.
Lilly to try again to remove poison-pill provisions
Eli Lilly and Co.’s board is once again recommending the removal of a provision that makes the company an almost impossible target for hostile takeovers. The same proposal has fallen slightly short at each of the past two annual shareholder meetings.
Arcadia: Don’t buy our stock
Arcadia Resources Inc. is telling shareholders not to buy its stock because it is out of cash and faces a $40 million pile of debt that comes due on April 1.
Allison Transmission seeks $522M in initial public offering
Indianapolis-based Allison Transmission Holdings Inc., the former parts unit of General Motors Co., is seeking to raise as much as $522 million for its private-equity owners in an initial public offering.
Cummins thinks global with executive appointments
The company said its new internal structure is to ensure that Cummins maintains high ethical standards as it grows throughout the world.
Soaring revenue at Angie’s List impresses analysts
Indianapolis-based Angie's List beat analysts’ revenue expectations in its first quarter as a public company, seeing results from a marketing campaign that drove up expenses.
Brightpoint shares slide after it lowers forecast on loss of customer
Shares of the wireless-device logistics provider fell more than 8 percent Wednesday morning after the company lowered its annual earnings guidance in response to the loss of a major customer.
Angie’s List expected to continue financial losses
The Indianapolis-based company should post a loss of 11 cents per share when it reports its first earnings as a public company on Wednesday afternoon. But at least one analyst is upbeat about its long-term prospects.
Disappointing quarter puts WellPoint brass on hot seat
Analysts say the company has struggled to generate the consistent earnings that rivals have, in part because of mispricing of its Medicare Advantage senior coverage.
Roche sales rise 4 percent in 2011
Roche Diagnostics Corp.’s North American business, which is headquartered in Indianapolis, posted a 4-percent boost in sales last year on the strength of its fluid analyzer business unit, even though its diabetes sales fell.
Republic Airways boosts expectations for 4th quarter
Indianapolis-based Republic Airways Holdings Inc. on Wednesday raised its outlook related to the performance of its Frontier Airlines service.
Deceased HHGregg chairman oversaw explosive growth
Jerry Throgmartin helped transform HHGregg from a local electronics retailer into a national player with more than $2 billion in revenue. He died over the weekend while visiting his ranch in Colorado.