Quarterly profit surges for trucking firm Celadon Group
Celadon Group Inc.’s first-quarter profit grew nearly 23 percent, to $5.4 million, or 24 cents a share, on revenue of $141.5 million.
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Dow Agro improves quarterly revenue, profit
Indianapolis-based Dow AgroSciences on Thursday reported record third-quarter sales of $1.2 billion, up 27 percent from the same period a year ago.
Lilly: Vendors key after Zyprexa patent loss
Lilly’s patent-loss challenges—the biggest of which takes effect today—will force the company to rely even more on its 1,300 Indiana vendors.
Insurance mandate lacks teeth, WellPoint CFO says
As constitutional challenges to the health reform law’s mandate to buy insurance advance, WellPoint Inc.’s chief financial officer reiterated that the company does not object to the mandate, just to its lack of penalties.
ITT Educational’s enrollment, profit fall again
The Carmel-based operator of for-profit colleges posted a 27.8-percent drop in earnings while new-student enrollment fell 14.1 percent.
EnerDel parent facing shareholder legal battle
At least three lawsuits accuse Ener1, the parent of Indianapolis-based advanced-battery maker EnerDel, of misleading investors about its financial condition.
Klipsch purchase helps fuel Audiovox sales
Audiovox's CEO credited Klipsch with helping Audiovox report strong financials Tuesday. Audiovox completed its purchase of the Indianapolis speaker maker in March.
Stocks jump on European pledge to help banks
The Dow Jones industrial average jumped 330 points, or nearly 3 percent, to close at 11,433. Indianapolis-based Hurco Cos. led local stocks, gaining 10 percent to close at $23.98.
Lilly gets dinged for job cuts
Eli Lilly and Co. got called out in a recent report on companies that took advantage of the 2004 tax holiday on foreign profits and have since slashed jobs.
Netflix kills plan to split off DVD rentals
Subscribers will be able to use both services under one account and one password, CEO Reed Hastings said Monday in a blog post.
Fortune Industries reports annual profit growth
The publicly held Indianapolis-based professional employer organization’s profit in fiscal year 2011 more than doubled from the previous fiscal year, to $1.3 million.
Lilly invests $30M in chronic-disease partnerships
Drugmaker Eli Lilly and Co. said Tuesday it will spend $30 million over five years to fight chronic illnesses like heart disease, diabetes, cancer and respiratory disease in developing countries.
ExactTarget preparing for another IPO attempt
ExactTarget Inc., which canceled plans for an initial public offering during the 2009 financial crisis, has hired JPMorgan Chase & Co. and Deutsche Bank AG to handle a new attempt, said sources familiar with the matter.
EnerDel parent in danger of losing NASDAQ listing
The New York-based parent of EnerDel, which has almost 400 employees in the Indianapolis area, told investors Friday that it had received written notice of its failure to comply with NASDAQ's listing requirements.
Cummins to sell light-duty filtration business
Engine-maker Cummins Inc. said Thursday that it will sell its light-duty filtration operations to Industrial Opportunity Partners LLC, a private equity firm run by one of its executives.
Duke Realty suffers loss on lower revenue
The Indianapolis-based real estate investment trust said it lost $29 million in its latest quarter, compared with a loss of $42.4 million in the same time frame a year earlier.
Celadon reports best 4th quarter in 5 years
Celadon Group Inc. put together its best fourth fiscal quarter since 2006, with earnings doubling over the same period a year ago, to $5.5 million.
WellPoint profit falls but exceeds Wall Street expectations
Indianapolis-based WellPoint earned $702 million in the latest quarter after earning $722 million a year ago. It also raised its full-year profit forecast.
Cummins profit soars on increased sales
Cummins Inc.'s second-quarter profit more than doubled on a steep increase in sales and a gain on the sale of its exhaust business, the Columbus, Ind.-based engine maker said Tuesday.
Simon Property results improve as U.S. retail sales advance
Indianapolis-based Simon Property Group Inc. said funds from operations rose 20 percent in the second quarter as rents and occupancies increased. The company raised its forecast for the year.