Indianapolis-based drugmaker Eli Lilly and Co. recorded profits of $1.3 billion, or $1.22 per share, during the three months
ended June 30,
even after paying $27 million in severance to laid off employees.
Common shareholders are challenging the proposed acquisition of the company by closely held JS Acquisition LLC, formed by
Emmis Chairman and CEO Jeffrey H. Smulyan in an effort to take it private.
Net income was $49.2 million, compared with a net loss of $16 million a year earlier, the Fort Wayne-based steelmaker said
Monday in a statement.
The Indianapolis-based drugmaker eliminated 140 information technology jobs in June through retirements, resignations and some cuts. Another 115
cuts will be made this month, and the remainder by the end of the year.
Indianapolis-based WellPoint Inc. says it notified 470,000 individual insurance customers about an online security breach
that may have exposed medical records, credit card numbers and other sensitive information.
Indianapolis-based athletic shoe store chain The Finish Line Inc. said Thursday it recorded a profit in its fiscal first quarter
as its revenue rose more than 10 percent.
For-profit colleges like ITT Technical Institutes need tougher oversight and regulation, according to a report from a Democratic
Senate committee chairman that questions the industry’s advertising spending, tuition costs and reliance on taxpayer
money.
JS Acquisition Inc., a company owned by Emmis Communications CEO Jeffrey Smulyan, extended its buyout offer to July 30.
Wellpoint has stuck to the $6-per-share forecast since January even after reporting that first-quarter net income jumped 51
percent, easily topping Wall Street expectations.
Duke Realty Corp. plans to buy out its partner in a joint venture that owns 106 industrial buildings in the Midwest and Southeast,
the Indianapolis-based company announced Wednesday.
A Harvard study shows companies suffer when politicians deluge their states with federal dollars.
Despite losses, company sees growth in its DailyMed pharmacy services, which packages the right dosages of prescriptions to
make it easier for patients to follow their regimens.
Republic Airways Holdings Inc. provides scheduled passenger, charter and air freight services.
The Indianapolis-based insurer’s first-quarter spending is 16 percent more than it spent in the same quarter last year and
in the fourth quarter of 2009.
Indianapolis-based machine tool maker lost $1.5 million in its second fiscal quarter, which was much greater than the loss
it reported in the same period last year.
Republic Airways Holdings Inc., which operates Frontier Airlines and does regional flying for other carriers, said Thursday
its planes were much more crowded than a year ago.
The parent of locally based lithium-ion battery maker EnerDel is putting together hundreds of millions of dollars in financing
to fund a business plan that could bring revenue to nearly $1 billion within five years.
The going-private deal he worked out—with New York-based Alden Global Capital—could result in another public offering
five years from now.
Evansville-based retailer earned $9.2 million in its fiscal first quarter, on strong sales of athletic and toning footwear.
Simon Property Group Inc. is a real estate investment trust that owns, operates, manages, leases and develops regional malls and community shopping centers.
