Steak n Shake and the new NEA chief
Should Biglari take Landesman’s remarks as praise where he can get it, or consider them an insult?
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Acquisition hurts Republic Airways profits
Republic Airways reported a much smaller third-quarter profit as Midwest Airlines, purchased on July 31, lost money right
away.
Conseco reports $15.4 million profit in third quarter
The Carmel-based life insurer’s third-quarter results exceeded Wall Street analysts’ predictions.
Brightpoint profit dips but beats expectations
Wireless device distributor Brightpoint Inc. said late Wednesday afternoon that profit and revenue both fell in the third
quarter because it sold fewer devices at lower prices.
Calumet improves quarterly profit despite sales hit
Calumet Specialty Products LP posted a profit of $3.9 million in the third quarter, recovering from a $12.5 million loss in
the same period last year.
Lilly reducing sales force by 191 as part of larger restructuring
Eli Lilly and Co. has notified the state that it plans to eliminate 191 sales jobs as part of a company-wide restructuring
announced
in September
that ultimately will result in 5,500 job cuts by the end of 2011.
PROXY CORNER: Conseco Inc.
Conseco Inc. provides Medicare supplement, cancer, heart/stroke and accident insurance policies as
well as annuities and life insurance products through a nationwide network of distributors.
King Systems, Steel Dynamics fined over safety violations
The Indiana Department of Labor has slapped two Indiana companies with fines of about $200,000 each for repeated safety violations
that put workers at risk.
Emmis stock closes at $1.53, avoids delisting
Shares of Indianapolis-based Emmis Communications Corp. closed Monday at $1.53, the 10th straight day the stock has finished
trading above $1—preserving the company’s listing on the NASDAQ stock exchange.
Revenue, profit on rise for Interactive Intelligence
Indianapolis-based business software firm Interactive Intelligence on Monday reported higher third-quarter profit on
record revenue of $33.2 million.
Challenges remain for Emmis despite NASDAQ save
Shares of Indianapolis-based Emmis Communications Corp. closed Monday at $1.53, the 10th straight day the stock has finished
trading above $1—preserving the company’s listing on the NASDAQ stock exchange, but big challenges remain for the locally
based owner of radio stations and magazines.
Lilly needs to sell more Effient before Zyprexa loses patent protection
Sales of Eli Lilly and Co.’s newest drug were an afterthought during its Oct. 21 report on third-quarter earnings. The blood thinner Effient totaled up $22.6 million in sales—a mere 0.4 percent of Lilly’s total for
the quarter.
Uncertainty over drug pipeline sends Lilly shares down
For the first time publicly, Eli Lilly and Co. officials admitted the obvious: Their pipeline products
aren’t likely to offset the revenue the company will lose after its two bestsellers, Zyprexa and Cymbalta, lose patent exclusivity.
Lilly reports $942 million profit in third quarter
Excluding special items, Eli Lilly and Co.’s earnings per share spike 22 percent on the strength of Alimta, Cymbalta and Humalog
sales. Lilly’s revenue rose 7 percent in the quarter over the same period of 2008,
to $5.56 billion.
Steel Dynamics third-quarter profit falls 64 percent
Steel Dynamics Inc. posted a third-quarter profit of $69 million, its first gain after three straight quarterly losses.
PROXY CORNER: WellPoint Inc.
WellPoint Inc. is one of the nation’s largest health insurance companies and also provides dental, vision, disability and
life insurance.
WellPoint memos show job cuts starting with mid-level execs
With a national unemployment rate of nearly 10 percent eroding its customer base, WellPoint Inc. is cutting at least 30
middle-management employees and reshuffling its corporate organization, according to internal memos obtained by IBJ.
Cummins recalling more workers to Indiana engine plant
Enginemaker Cummins Inc. is temporarily adding a second production shift at its MidRange Engine Plant south of Columbus, recalling
as many as 270 workers who had been laid off or transferred to other facilities when it was idled in May.
PROXY CORNER: Arcadia Resources Inc.
Arcadia Resources Inc. markets and sells surgical supplies, orthotic and prosthetic products, and durable medical equipment, such as wheelchairs and hospital beds and provides oxygen and other respiratory therapy services and equipment.
Finish Line shares rise despite quarterly loss
Shares in locally based athletic retailer The Finish Line Inc. jumped Friday morning after the company reported a narrow loss
for the second fiscal quarter, mostly because of the large cost of unloading its unsuccessful Man Alive stores in July.