May 7, 2013
Mason KingFive of the six Hoosier firms that appear in the 2013 rankings slipped from their positions in last year's list of the largest
U.S. companies.
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April 30, 2013
IBJ StaffThe Indiana-based engine maker announced a larger-than-expected drop in quarterly profit Tuesday morning, as revenue fell
12 percent on weak demand for its products in domestic and international markets.
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February 20, 2013
Dan HumanColumbus-based diesel engine manufacturer Cummins Inc. lowered its previously reported quarterly profit by $12 million, or
3.1 percent, after discovering legal fees that the company initially missed.
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February 6, 2013
IBJ StaffEngine maker Cummins Inc. saw profit sink 30 percent in the fourth quarter as demand for its products fell in both domestic
and international markets. Full-year profit and revenue also fell.
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January 11, 2013
Associated PressAnalyst Stephen Volkmann lowered his rating on the engine maker's stock to "Hold" from "Buy," noting
that the shares have risen 30 percent from their October lows and are now just 10 percent below all-time highs.
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December 11, 2012
Associated PressCummins Inc. said Tuesday that its board approved the repurchase of up to $1 billion in stock. The Columbus-based engine maker
said it has nearly completed its previous $1 billion buyback plan authorized in February 2011.
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December 1, 2012
Dan HumanAutomakers and suppliers are pumping more money into research and development at a time many of their sales departments struggle
with a slowing global economy.
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October 31, 2012
The Columbus-based manufacturer of diesel engines reported profit of $352 million, or $1.86 per share, compared with $452
million, or $2.35 per share, in the year-ago period.
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October 27, 2012
Dan HumanThe state lost an estimated 1,400 manufacturing jobs in September, the U.S. Bureau of Labor Statistics reported, and a wave
of layoff announcements in recent weeks suggests steeper declines are coming in the year’s final quarter.
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October 22, 2012
Associated PressNavistar International Corp. said Monday that it reached long-term supply agreements that will allow the company to put Cummins
Inc. engines in some of its largest trucks, as well as use its emissions-reducing technology.
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October 18, 2012
Associated PressEngine maker Cummins Inc. says it will lay off at least 150 workers from its southern Indiana factories as it carries out
its plan to cut up to 1,500 jobs worldwide by year's end.
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October 17, 2012
Associated PressA union president says no layoffs are planned among the research, technical and support employees at Indiana operations as
engine maker Cummins Inc. makes cutbacks.
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October 10, 2012
Bloomberg NewsShares in Cummins Inc. saw their biggest one-day drop in three months Wednesday after the Columbus-based engine maker lowered
its forecasts for revenue and profit and said it expects to cut as many as 1,500 jobs by the end of the year.
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October 9, 2012
IBJ Staff and Bloomberg NewsResponding to a sputtering global economy, Columbus-based Cummins Inc. said late Tuesday afternoon that it expects to cut
1,000 to 1,500 jobs by the end of 2012. The diesel engine manufacturer also cut its forecast for full-year revenue to about
$17 billion from $18 billion.
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October 5, 2012
Associated PressThe engine maker says that slowing demand led to the decision to scale back hours for the 350 workers at its Columbus Fuel
Systems Plant. The new four-day workweek will continue indefinitely.
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October 1, 2012
Dan HumanCummins Inc. has received the Environmental Protection Agency’s blessing on a redesigned engine that will meet the first-ever
set of federal standards for heavy-duty truck emissions.
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September 6, 2012
Associated PressEngine maker Cummins Inc. says it has instituted a global hiring freeze for at least the rest of this year with an uncertain
impact on announced expansions of Indiana operations.
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September 5, 2012
Indianapolis-based Crosspoint Solutions LLC, a manufacturer of electric auxiliary power units, plans to hire the workers by
2016 as part of a $935,000 expansion.
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August 18, 2012
Dan HumanCummins Inc.—a company that quadrupled its profits in two years—has shifted to cost-cutting mode amid a drop in
global sales, but the Columbus-based engine manufacturer says it’s still on track to increase sales from $18 billion
in 2011 to $30 billion in 2015.
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July 31, 2012
IBJ StaffEngine manufacturer Cummins Inc. on Tuesday reported lower profit and revenue in the second quarter, but the results exceeded
Wall Street expectations.
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July 19, 2012
Associated PressCompanies based in a central Indiana city are hiring a greater percentage of people with visas for high-skilled foreign workers
than any place in the U.S. other than California's Silicon Valley, according to a new study.
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June 16, 2012
Performance varied widely as industries ebbed, flowed.
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May 16, 2012
Melina Kennedy has joined the diesel engine maker's corporate communications team and will be responsible for executive communications,
research and speechwriting for CEO Tom Linebarger.
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May 1, 2012
Kathleen McLaughlinCummins Inc.'s profit jumped 33 percent in the first quarter due to strong demand for its engines in the North American
market, the Columbus-based manufacturer said Tuesday morning.
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April 24, 2012
The Columbus-based manufacturer of diesel engines said it will add 290 jobs in Seymour as part of a major expansion that will
include new warehouses, additional engineering, production and testing facilities, and a new office building.
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First, let me say that I love the idea of communities being self-sufficient and people in the community not needing cars, living, working and shopping all in their neighborhood. To sum it up; I love good urban planning and hate urban sprawl. However, there are two reasons that I am against this development. First, this building doesn't fit. Density can occur in Ripple by building up top the street and better use of land. The scale of this project should be downtown. Secondly, I would be willing to bet that if a whole foods in Ripple is built, the Nora store would be closed. Here's my reasoning. The Nora Whole Foods expansion plans have been put on hold. I'm guessing they are waiting to see what happens with the Ripple proposal. Communities next to each other should work together to end sprawl and not work against each other and take other neighbors assets. Develop something both communities can be proud of and will attract more development and density. There's my soap box for the day.
My apologies, Lou - it was the Indy Star that printed cost for entertaining "celebrities" during Indy 500. Sorry for confusing the always timely IBJ with Indy's Gannett reprint news source.
That's fine if you want a grocery store that has festivals and live music. I guess with the prices they charge, they can afford to host such activities. As for me, I choose to spend my money more wisely and if I want to go to a festival or a concert, I will pay for that separately - not through my grocery bill.
TIF is not just to attract development but to attract a higher use for that development. Carmel wisely is using TIF for numerous public parking garages. Asphalt seas of parking pay little taxes and bring even less value to a commercial area. Also density is what is going to save Indy and Broad Ripple. The days of trying to compete with burbs are long gone.
The Prestige was an awesome movie.