Steel Dynamics profit up, but misses analysts’ estimates
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.
Public Companies
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Lilly reveals plans to cut 340 IT jobs
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.
Security glitch exposes WellPoint customer data
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.
Finish Line quarterly revenue up 10 percent
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.
Senator: For-profit colleges require tougher oversight
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.
Suitor extends tender offer for Emmis
JS Acquisition Inc., a company owned by Emmis Communications CEO Jeffrey Smulyan, extended its buyout offer to July 30.
Insurer WellPoint to reaffirm 2010 profit outlook
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 buying out joint venture partner for $298M
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.
How federal pork suppresses business
A Harvard study shows companies suffer when politicians deluge their states with federal dollars.
Arcadia sees smaller quarterly, fiscal-year losses
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.
PROXY CORNER: Republic Airways Holdings Inc.
Republic Airways Holdings Inc. provides scheduled passenger, charter and air freight services.
WellPoint spent $1.4M lobbying government in first quarter
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.
Hurco suffers loss despite better sales
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 aircraft more crowded in May, traffic up
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.
EnerDel’s potential luring backers despite steep losses
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.
Smulyan buyout plan could take Emmis full circle
The going-private deal he worked out—with New York-based Alden Global Capital—could result in another public offering
five years from now.
Shoe Carnival profit beats estimates
Evansville-based retailer earned $9.2 million in its fiscal first quarter, on strong sales of athletic and toning footwear.
PROXY CORNER: Simon Property Group Inc.
Simon Property Group Inc. is a real estate investment trust that owns, operates, manages, leases and develops regional malls and community shopping centers.
HHGregg’s profit slips despite higher revenue
HHGregg had a profit of $10 million, or 25 cents per share, in the quarter ended March 31 on revenue of $417.2 million.
Hat World to acquire Sports Avenue stores
Locally based Hat World has agreed to acquire the assets of Sports Avenue, an Illinois-based competitor that operates 46 retail
stores and 13 branded e-commerce sites. Terms of the deal where not disclosed.