TV spots for Steak n Shake Co. used to play up the chain’s full-service restaurants, complete with friendly servers, real plates
and glass ketchup bottles—a departure from the "workaraunts" operated by McDonald’s and Burger King. Now, Steak n Shake is developing plans for its own workaraunts.
Compared with some of his pharmaceutical CEO peers these days, John Lechleiter has his company on a diet. Instead of using a mega-merger to bulk up before the famine that patent expirations will bring on the industry next year,
Lechleiter has Eli Lilly and Co. burning management fat while looking for smaller companies to munch on.
It took Pete and Candace Kissinger 33 years to build West Lafayette-based Bioanalytical Systems Inc. into one of the largest
contract research firms in Indiana’s life science sector. It took just a year and a half for them to turn against the company’s new management.
Carmel businessman Dan Laikin finds himself in the awkward spot of denying wrongdoing at the same time the three men accused
of conspiring with him in a stock-manipulation scheme are admitting guilt.
The Simon family’s role in building the city has come at a steep price for taxpayers. Simon and
its business interests in the last 20 years have collected local government incentives
worth more than $400 million, an IBJ tally of those deals shows.
Investors cheered this morning after WellPoint Inc. agreed to sell its pharmacy management unit to Express Scripts Inc., but
the fate of about 2,100 WellPoint employees now is up in the air.
WellPoint Inc. has
agreed to sell its pharmacy benefits management arm for $4.675 billion in cash and stock to St. Louis-based Express Scripts,
the companies announced April 13.
Dick Beltzhoover, a private investor in Omnicity Corp., a Carmel-based wireless broadband provider, has quietly taken the
company public and has lofty plans to expand nationwide.
In this horrendous environment, nothing is more important for a debt-laden public company than proving it can pay its bills
Tim Durham is facing allegations of self-dealing after a publicly traded company he helps run in Dallas acquired assets from
a finance company he owns in Ohio.
Conseco has seen a string of leaders since the company began to stumble and co-founder Steve Hilbert stepped
down nearly nine years ago. The insurer still doesnâ??t have its footing, saying today its auditors arenâ??t
Just as an Indiana company goes through the nationâ??s first initial public offering in months, its executives
ratchet up their plans to move the headquarters out of state.
Mead Johnson, the Evansville baby formula maker, staged a successful IPO…
Despite assurances of strength, Simon Property Group Inc. has decided to pay 90 percent of its dividend in stock, a move that allows the company to hold onto $925 million in cash this year but could alienate shareholders drawn by the dividend.
WellPoint unwittingly made an interesting point this morning when it announced it expects to save $24 million
by laying off 600 workers.
Those 600 workers in affect are being valued at about half the $47.5 million in total compensation…
Eli Lilly and Co. CEO John Lechleiter played a game of pharmaceutical poker with former Lilly Chief Financial Officer Jim
Cornelius—and won.
It was a bad year to be a shareholder of most companies. But the value of the Indianapolis-based health insurer’s stock lost
more than 55 percent of its value during the year.
After months of agitating for changes at The Steak n Shake Co., investor Sardar Biglari finally got a shot at putting his
theories into action.
The Indianapolis Indians made $1.23 million this year on $8.7 million in revenue, according to the publicly traded company’s
most recent financial disclosure.
Kite Realty Group Trust has joined local peers Duke Realty Corp. and Lauth Group Inc. in laying off employees as it copes
with dried-up credit and a soft retail market.
The millions of dollars they plunked down to buy stock in local companies over the past two years have shriveled in value,
leaving them way, way below break-even.
