Dow AgroSciences names new CEO
Indianapolis-based Dow AgroSciences LLC will have a new CEO after its parent organization moves Jerome Peribere into a new
position, the company announced today.
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Old National profit falls, but beats expectations
Second-quarter profit for Old National Bancorp fell 50 percent from the same period a year ago, but the company still managed
to exceed analysts’ expectations.
White River Capital calls off First Chicago deal
Indianapolis-based White River Capital Inc. has quietly called off its merger with Itasca, Ill.-based
First Chicago Bancorp.
Banks no longer in critical condition, but full recovery still distant
The banking sector is on the mend after being tattered by the financial crisis, but it still has a long way to go before
making a full recovery. That’s the consensus, judging from recent stock performances of the largest publicly
traded banks with a presence in Indianapolis.
Why ailing Emmis could bounce back
Let’s play the contrarian. For Emmis, that means arguing that the battered company is poised for resurgence, rather than sliding
deeper into the abyss.
HHGregg predicts profit, offers 3M shares
HHGregg Inc. said this morning it projects fiscal first-quarter profit to beat analyst expectations despite shrinking revenue
and a sharp decline in same-store sales.
Biomet reports loss on special charges
Biomet Inc. yesterday reported a $170.9 million loss in its fiscal fourth quarter as the result of more than $300 million
in special charges.
Interactive Intelligence expects higher profit
Interactive Intelligence said yesterday it expects a profit of between $1.8 million and $2.5 million in the second quarter,
up from $845,000 the company earned in the same period last year.
Brightpoint shareholder selling shares
Brightpoint Inc. said this morning shareholder NC Telecom Holding A/S would sell 15 million common shares in a public offering.
Fortune ekes out profit on falling revenue
Indianapolis-based Fortune Industries Inc. managed a small profit in its third quarter and now has turned a profit in each
of its last three quarters, the company announced this morning.
Debt maneuvers help Emmis turn quarterly profit
Emmis Communications Corp. reported a quarterly profit today after buying back a big chunk of its own debt on the cheap, but
the outlook for the company remains grim. The radio broadcaster and magazine publisher saw revenue plunge 27 percent.
Kite Realty misses out on REIT revival
Kite Realty Group Trust has stuck pretty closely to the REIT recession playbook: Renegotiate debt, sell new shares, cut
dividends, and set the development engine to idle. But as the shares of most publicly traded real estate
investment trusts have bounced back from the lows in March, Kite’s shares have lagged.
Brightpoint’s Danish deal not so sweet two years later
The cross-continent mega deal that made Brightpoint Inc. the world’s biggest wireless phone distributor
has lost much of its sheen two years after being struck. Brightpoint Inc. in August 2007 purchased Denmark-based
Dangaard Telecom for $385 million in stock and the assumption of $350 million in Dangaard debt.
HHGregg accelerates store-opening plans
HHGregg Inc. said this morning that the bankruptcy of competitor Circuit City should enable the company to open more stores
within the next few years than previously expected.
Steak n Shake sales, traffic rise
Steak n Shake Co. yesterday reported big increases in customer traffic and same-store sales for its fiscal third quarter,
which ended July 1. Customer traffic rose 13.4 percent and same-store sales jumped 5 percent in the quarter compared to the
same period a year ago, it said in a brief Securities and Exchange filing.
If Dow AgroSciences sells, let’s hope it’s not to a rival
Private equity firms have a reputation as ruthless acquirers. They slash fat and jettison sluggish product lines, all in a quest to wring out higher profits and grow the parts of the business with the most potential. For Indianapolis-based Dow AgroSciences—or at least for its 1,200 local employees—a buyer like that would be a godsend. […]
David Simon named among world’s best CEOs
The big cheese at Simon Property Group is wedged among the “top gun” executives in the U.S.
Board battle brewing at Bioanalytical
West Lafayette-based life sciences contract research firm Bioanalytical Systems Inc. has five directors on its board. If company
founder Pete Kissinger has his way, four of them will soon be replaced.
Is Lilly under-appreciated?
Indianapolis has always had Eli Lilly and Co., it seems, and Lilly always seems to care for Indianapolis
like a rich uncle.
People employed directly by Lilly and by companies doing business with Lilly account for about one of every
30…
VIEWPOINT: CEOs, do you deserve your salaries?
An exaggerated share of the nation’s wealth is paid to CEOs of public companies, their minions and directors, through agreements
made inside boardrooms, by highly compensated individuals who commit shareholders’ money and are not subject to effective
oversight.