Cummins posts strong 4Q results to boost slower year
The Columbus-based engine maker recorded a 7-percent increase in profit, but full results for 2013 lagged behind 2012.
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Weak sales lead HHGregg to post smaller profit
Shares of the Indianapolis-based retailer had fallen 18 percent by early afternoon Thursday, after the firm reported slumping sales and profit in its latest quarter.
Simon amends plan for CEO’s controversial $154M bonus
Simon Property Group has tied CEO David Simon’s $154 million retention bonus to the financial performance of the company, but plaintiffs in a related legal action are not satisfied.
HHGregg’s CFO to depart in January
Jeremy J. Aguilar plans to take a similar position with another company, the Indianapolis-based retailer announced Thursday.
Angie’s List hit with shareholder suit
The complaint charges the company and executives with misrepresenting the strength of the Indy-based firm’s business model, financial performance and future prospects.
Shares of Indiana retailers surge in 2013
Shares of The Finish Line Inc., HHGregg Inc. and Shoe Carnival Inc. have been on a tear this year, rebounding to outperform the major stock indexes and rising at least 40 percent in value through the first of December. By comparison, the S&P 500 has gained about 28 percent.
Spinoff firm with Carmel HQ plans to hire 150
Allegion PLC, an international firm that made its debut as a public company on Monday, plans to hire another 150 people within six months between its Carmel corporate hub and Indianapolis manufacturing facility.
Celadon to acquire Canadian trucking, rail firm
The Indianapolis-based trucking firm plans to establish a foothold in the Canadian rail industry by acquiring N. Yanke Transfer Ltd., which posted $90 million in revenue in 2012.
Kite Realty raises $217.3M in secondary share offering
The local rest estate investment firm says it will use some of the proceeds to repay debt and the rest to fund part of its recent $307 million purchase of nine Southern retail properties.
Twitter soars as shares debut on stock market
The stock opened at $45.10 a share on Thursday, 73 percent above its initial offering price. Tempering expectations was a big theme leading up to the IPO, but that flew out the window with the stock’s opening surge.
BlackBerry woes hamper sales for BrightPoint, analysts say
Revenue at the Indianapolis-based provider of mobile-device logistics and distribution fell some $250 million short of expectations in the third quarter, as major customer BlackBerry saw even bigger sales declines.
DowAgrosciences cultivates sales record, but profit withers
Despite a boost in third-quarter revenue due to crop-protection products, profit for the local unit of Dow Chemical tumbled more than 71 percent.
Investors brace for lean years from Lilly
In a new round of predictions this month, Wall Street analysts indicated they expect Eli Lilly and Co.’s revenue to fall next year and to remain below 2013 levels until 2020.
Stonegate snares less than expected in IPO
The Indianapolis firm debuted Thursday on the New York Stock Exchange at $16 per share, well below the anticipated range of $20 to $22. In total, Stonegate’s 7.1 million shares garnered $114 million.
Stonegate expects to raise up to $156M in IPO
The Indianapolis mortgage originator will debut Thursday on the New York Stock Exchange, the first local firm to go public since ExactTarget in 2012.
Stocks rise as investors weigh effects of shutdown
Markets on Tuesday weren’t fazed by the the first partial government shutdown in 17 years. Open enrollment for Obamacare exchanges helped WellPoint shares.
Pioneer in online banking thriving on diversification
First Internet Bancorp shares are up 105 percent for the year. Founder David Becker said the Indianapolis-based bank has been careful to be geographically diversified in its real estate holdings.
Allison stock slips after owners reveal plan to sell shares
The primary investors in Allison Transmission Holdings Inc. are looking to lock in profits by unloading 16.6 million shares of the company for more than $350 million.
Baldwin & Lyons posts 21-percent boost in profit
The insurer of trucking and auto fleets reported healthy jumps in profit and revenue in the second quarter, spurred by record premiums written by subsidiaries.
CNO profit jumps 17 percent
The Carmel-based insurer and financial services company reported strong earnings on a slight increase of revenue for the second quarter.