Business barometer
Analyze the performance of publicly traded local businesses in Indiana. Match their performance directly related to news stories reported on IndyStar.com.
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IndyStar.com: Business
Indiana's leading news source for all the top stories, local news, sports and weather.
New tax credit offers up to $2,500 in breaks for college costs
The average in-state tuition for a public, four-year college rose 6.5 percent this fall, the College Board recently announced. The average tuition for private colleges rose 4.4 percent. As you grapple with rising costs, make sure you don’t...
Should I convert my term life insurance to a permanent policy?
Term life insurance is affordable life insurance for a fixed number of years — and often a stable premium — but there is no cash value or investment component to this type of policy. However, some term policies let policyholders convert...
Gender gaps can be found in the CEO's office, too
When I look back on last year’s collapse of the financial industry, I think most about the CEOs of those giant subprime-loan-loving companies. I picture Richard Fuld of Lehman Brothers looking tense and annoyed as he faced questions from...
NCAA expansion will contain costs
Growth in sports agency spurs project to double office and meeting space by 2012 Overcrowded with a growing staff, the NCAA headquarters in White River State Park will double in size via a $35 million expansion to be under construction by next...
Clarian resumes construction on Fishers site
Indianapolis-based hospital system Clarian Health on Friday announced it has restarted construction work on its planned $190 million hospital in Fishers. Work was stopped in February on the Clarian Saxony Medical Center, just off exit 10 of I-69,...
Cummins beats predictions
Engine maker’s cuts pushed quarterly profit 50 higher than expected% Columbus-based Cummins, the largest maker of heavy-duty diesel truck engines in North America, reported third-quarter profit that topped analysts’ estimates after the...
Pay/benefits increase is smallest since '82
WASHINGTON — Wages and benefits rose by the smallest amount on record in the 12 months ending in September, as high unemployment limits workers’ income growth. With employers cutting costs to maintain profits, they are sharply reducing...
CIT Group gets $1B credit line from Icahn
NEW YORK — Commercial lender CIT Group said Friday that billionaire investor and bondholder Carl Icahn agreed to support the company’s restructuring plan amid reports that CIT may soon file for bankruptcy protection. Icahn also agreed to...
Simon's funds from operations exceed analysts' estimates
Indianapolis — Indianapolis-based mall and shopping center owner Simon Property Group said Friday that funds from operations rose 1.9 percent during the third quarter, topping analysts’ estimates. The real estate investment trust brought...
Saturn of Indianapolis closes, blaming aborted sale of brand
Indianapolis — Saturn of Indianapolis closed Friday and attributed its demise to the collapse of General Motors’ attempt to sell the brand to Penske last month. President Lynn B. Kimmel said in a letter to customers than the inventory and...
2 Indiana companies face fines for several safety violations
Indianapolis — The Indiana Department of Labor has issued $191,000 in fines against a Noblesville-based company for several safety violations. The department issued the fines this week against King Systems, 15011 Herriman Blvd., which makes...
The Fast Track
On the Move Name: James Noah. New Post: General manager at Philo Urban-Metal Technology, an e-waste recycling firm from Japan. Previous position: Assistant general manager at Hisada America. Experience: Noah previously was the training coordinator...
Vectren profits drop over last year's 3Q
Evansville-based Vectren Corp. saw profits nearly slice in half in the third quarter, with net income of $12.4 million or 15 cents per share, compared with net income of $23.2 million or $0.29 per share for the same quarter last year. The utility...
Old GM hearing set on retirees benefits
Old General Motors Corp., now formally named Motors Liquidation Co., has a Nov. 12 hearing in New York for approval of a settlement which will terminate its liability for ongoing medical and life insurance benefits for union retirees, according to a...
Cummins 3Q profit falls 58%
Engine maker Cummins today said third-quarter profits fell 58 percent, as sales couldn’t match a record-setting performance during the same period a year ago. The Columbus manufacturer reported earnings of $95 million, or 48 cents per share,...
Simon 3Q profit dips, but results top estimates
Indianapolis-based mall and shopping center owner Simon Property Group today said funds from operations rose 1.9 percent during the third quarter, topping analysts’ estimates. The real estate investment trust brought in $473.1 million, although...
Saturn of Indianapolis to close today
Saturn of Indianapolis closes today, attributing its demise to the collapse of General Motors’ attempt to sell the brand to Penske last month. President Lynn B. Kimmel said in a letter to customers than the inventory and employees at the 5333...
Lilly opens biotech center in San Diego
Nearly 200 scientists to key on cancer, diabetes, autoimmune ills Eli Lilly and Co. is taking another big step in its goal to become a major biotechnology player, opening a research complex in San Diego that will develop and test drugs for cancer,...
Missouri-based Stifel questions state's complaint
Financial services firm says Indiana clients have agreed to repurchase of securities Missouri-based financial services firm Stifel Nicolaus&Co. says it’s buying back the controversial auction rate securities that it sold in Indiana and...
Celadon's income falls 78.6%
Indianapolis — Far Eastside-based commercial hauler Celadon Group says net income fell 78.6 percent in its fiscal first quarter, as cheaper pricing and the recession took its toll on the bottom line. Net income decreased to $600,000, or 3 cents...
Duke Realty posts Q3 loss
Carmel — Hamilton County-based developer Duke Realty Corp. reported that it swung to a third-quarter loss as it continued to try to shed vacant land from its portfolio to help the bottom line. In its earnings report released Wednesday, Duke...
Racino misses loan payments
Indianapolis — The owner of Hoosier Park Racing&Casino in Anderson said operations are continuing “without disruption” even though it missed loan payments. Indianapolis-based Centaur LLC said it did not make interest payments to...
Conseco cuts about 30 jobs in Carmel and Chicago
Carmel — Insurer Conseco said Thursday it eliminated about 30 positions in two of its major offices: Carmel, its headquarters, and Chicago. The company now has a work force of 2,300 at those locations, and a total workforce of 3,700. Jim...
Recession wrecks auto repair shops
Rising cost of parts and loss of customers forgoing repairs have had a corrosive effect The auto body repair business is considered recession-proof: When the economy is bad and people don’t have money to buy a new car, they repair their old...
Lilly opening California biotech center
Eli Lilly and Co. is taking another big step in its goal to become a major biotechnology player, announcing today that it has opened a new, sprawling complex in San Diego that will develop and test new biotech medicines. The new center is located in...
Hoosier Park parent misses loan payment
The owner of Hoosier Park Racing&Casino in Anderson today promised that operations are continuing “without disruption” despite missing loan payments and other financial problems. Indianapolis-based Centaur, LLC said it did not make...
Indianapolis trucking insurer has record 3Q
Indianapolis trucking insurer Baldwin&Lyons today reported a record third quarter of earnings. The company had net income of $14.3 million, or 97 cents per share, on revenue of $65 million. That beat results from the quarter a year ago, when it...
Duke Realty swings to 3Q loss
CARMEL — Hamilton County-based developer Duke Realty Corp. reported that it swung to a major third-quarter loss as it continues to try and shed vacant land from its portfolio to help the bottom line. In its earnings report released Wednesday,...
Ford wins UAW concessions at Eastside parts plant
Ford Motor Co. won union approval of concessions at a pickup plant in Minnesota and a parts factory in Indianapolis, both scheduled to be shut in 2011. Bloomberg reports that the United Auto Workers’ tentative accord with Ford gives...
Decision on Harley move to come in December
YORK, Pa. — Harley-Davidson says more jobs will be lost at its central Pennsylvania plant even if the company decides to keep the plant in the commonwealth. The company told employees Wednesday that it plans to outsource “noncore”...
