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Cummins Inc.
Indiana firms lose ground on Fortune 500 list
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.
MoreCummins earnings widely miss predictions
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.
MoreCummins lowers previously reported earnings
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.
MoreCummins' earnings, revenue fall on weaker demand
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.
MoreAnalyst cuts Cummins rating, citing rise in shares
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.
MoreCummins to buy back up to $1B in stock
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.
MoreIndiana manufacturers struggling with fuel economy standards
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.
MoreCummins posts lower quarterly profit, revenue
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.
MoreIndiana manufacturers see momentum vanish
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.
MoreNavistar reaches engine deal with Cummins
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.
MoreCummins to lay off at least 150 from Indiana plants
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.
MoreUnion: Indiana tech jobs at Cummins expected safe
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.
MoreCummins shares slide on job cuts, lower forecast
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.
MoreCummins to cut as many as 1,500 jobs; Indiana impact unclear
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.
MoreCummins shortens work week at Columbus factory
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.
MoreCummins gets EPA approval for key engine
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.
MoreCummins starts hiring freeze as sales slow
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.
MoreCummins distributor plans to add 75 jobs in Indianapolis
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.
MoreCummins cools off, but Seymour expansion still in works
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.
MoreCummins tops expectations despite lower profit, sales
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.
MoreIndiana city sees many high-skilled immigrants
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.
MoreLargest Indiana public companies mostly fared well in 2011
June 16, 2012
Performance varied widely as industries ebbed, flowed.
MoreCummins hires ex-Indianapolis mayoral candidate
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.
MoreNorth American growth propels Cummins' profit
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.
MoreCummins plans $219 million expansion at Seymour plant
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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Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.
Yes. Blame those who were too lazy to go vote Obama out and those who voted him in again. That's my take on it. I know folks won't get it on the left. OK. Start berating me now!
Serioulsy, people are AGINST this project? Most communities would be salivating over a project like this. You'd rather have an empty eye-sore gas station and shacks posing as apartments? This project is exactly what BR needs. BUILD IT MR MAYOR. And yes, I am a BR resident, and have been for 20 years.
As a St. Vincent employee of over 20 years, I am saddened and disheartened by this announcement. Unfortunately, as the healthcare "industry" continues on this political and corporate path, all that St. Vincent Hospital has stood for spiritually for its employees and this community is being sucked dry. I know it truly has no choice. It is not just Obamacare or just competition or just any single thing. This trend started long before I was even born when the government became involved in healthcare and it became an "industry." I grieve for those who will lose their jobs, one of whom may be me, but I also grieve for this hospital which I have served for over 20 years. May God give us and it the grace to withstand the future of healthcare.
Why do people constantly harp on this issue and act ignorant about what a city population measures? A city's population is the city's population. There is no argument or debate about it. If you want to measure the density of a city--measure it. If you want to measure the size of a metropolitan area, then measure the metropolitan population. City boundaries cover different sized areas--and they always have (though the disparity has probably increased since about 1900 or so when more cities began annexing their surrounding communities). For example, San Francisco only covers 49 square miles while Houston cover nearly 600 square miles. No one argues about the population rankings of either city even though they clearly cover extremely different sized areas. Indianapolis is the 13 largest city by population in the U.S. That is a fact. While the population of a metropolitan area may give you a better sense of how large a community is, as noted, even metro areas can vary widely in the size of geographic area they cover--so that is not a perfect comparison either.