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Steel Dynamics profit up, but misses analysts' estimates
July 20, 2010
Bloomberg NewsNet income was $49.2 million, compared with a net loss of $16 million a year earlier, the Fort Wayne-based steelmaker said
Monday in a statement.
MoreCummins gets upgrade from Moody's
July 17, 2010
IBJ StaffThe company's rating rose one notch because it has taken steps to insulate itself from economic downturns.
MoreMARCUS: Kokomo works to advance economy
July 10, 2010
Morton MarcusWhat do you do when you have little discretionary money and enormous challenges? You might follow the example being set by
Mayor Greg Goodnight in Kokomo.
MoreSolar firm investing $500M in unused Getrag plant; 850 jobs planned
July 3, 2010
IBJ StaffA Colorado-based Abound Solar will get federal help taking over the empty Getrag plant on U.S. 31 near Kokomo,
creating as many as
850 jobs in the next three years and establishing what it says will be the largest such facility in the United States.
MoreLOU'S VIEWS: The King without kitsch and other Brown County pleasures
July 3, 2010
Lou HarryIt didn’t occur to me on the drive down Interstate 65 for a Brown County getaway that I’d be returning with praise
for an Elvis impersonator.
MoreFort Wayne medical practice splits, following industry trend
July 2, 2010
J.K. WallMore than 100 staff members of Indiana Medical Associates LLC likely will land at one of two area hospital systems. The move
mirrors national and local consolidation of practices with hospitals.
MoreCummins looks to boost India sales by 40 percent
June 28, 2010
Bloomberg NewsCummins Inc., the Columbus-based maker of diesel truck engines and generators, expects to boost India sales about 40 percent
this year as economic growth spurs road traffic and demand for electricity.
MorePlug-in car startup breaks all the rules
June 26, 2010
Chris O'MalleyWabash-based ClearFlex Automotive is using off-the-shelf technology to design a 2010 Ford Focus plug-in electric vehicle,
powered entirely by lead acid batteries. The company is gearing up for initial production of up to three vehicles a day.
MoreElectric rates likely to rise with cost of Duke coal plant
June 26, 2010
Chris O'MalleyPressure is building on Duke Energy to contain costs of its controversial Edwardsport generating plant in southwestern Indiana,
following the company’s recent disclosure that the price tag will soar by $530 million—likely boosting average
customer
rates in Indiana by 3 percent.
MoreIPL mulling hydroelectric power on Ohio River
June 19, 2010
Chris O'MalleyExpecting to be burned by greenhouse gas legislation that will make electricity generated from coal costly, Indianapolis Power
& Light is studying whether to buy power from two hydroelectric projects proposed for the Ohio River, near Evansville.
MoreBloomington Brewing Co. planning expansion
June 17, 2010
Associated PressA small brewery in southern Indiana plans to start selling its beer around the state as a new facility will boost its production
capacity by 1,000 percent.
MoreTrailer maker Pace American could close Middlebury plant
June 7, 2010
IBJ StaffA cargo trailer maker may close its manufacturing facility in Middlebury, potentially costing 150 workers their jobs.
MoreMiller brothers who shared in fortune fighting over $3 million
June 5, 2010
Kathleen McLaughlinJ. Irwin Miller’s two sons have been battling for years over who should have paid expenses on the wealthy Columbus family’s
homes and businesses, but their fight isn’t about the money—especially after they inherited at least $20 million
apiece.
MoreFederal appeals judge moving chambers to Indiana
June 4, 2010
IBJ Staff and Associated PressA judge on the federal appeals court in Chicago is relocating his chambers to Indiana University's Bloomington campus.
MoreDora Hotels takes over management of DePauw's Walden Inn
May 22, 2010
IBJ StaffDora operates more than 20 hotels, including five in downtown Indianapolis and two adjacent to Indianapolis International
Airport.
MoreTipton County OKs $13M bond to help sell Getrag plant
May 19, 2010
IBJ StaffThe Tipton County Council on Tuesday unanimously approved $13 million in incentives intended to help land a solar power firm
interested in buying the empty Getrag plant on U.S. 31 near Kokomo.
MoreBioanalytical Systems reports loss in second quarter
May 17, 2010
IBJ StaffBioanalytical Systems Inc. narrowed its losses in the second fiscal quarter despite a 2 percent drop in revenue, the West
Lafayette-based contract research firm said late last week.
MoreCummins profit jumps on demand from emerging markets
April 27, 2010
Scott OlsonThe Columbus-based engine maker sees sales increase in developing countries such as China, India and Brazil.
MoreOld National improves first-quarter performance
April 26, 2010
IBJ StaffEvansville-based Old National Bancorp on Monday reported a first-quarter profit of $10.1 million, up
84 percent from the prior-year period and a big improvement from the fourth quarter of 2009, when the company posted a loss
of $9.3 million.
MoreExpansion set for Camp Atterbury training site
April 15, 2010
IBJ Staff and Associated PressThe proposed plan will expand the Indiana National Guard's Camp Atterbury, bring economic development to south-central
Indiana, and open a new fish and wildlife area in Putnam County in western Indiana.
MoreAIG's American General unit said to be seeking $3B term loan
April 9, 2010
Bloomberg NewsBank of America Corp. is arranging a five-year loan that will be sold at a discount of 98 cents to 98.5 cents on the dollar,
according to a source who declined to be identified because the discussions are private.
MoreCummins cuts CEO's pay by nearly one-quarter
March 24, 2010
Peter SchnitzlerColumbus-based engine maker Cummins trimmed Solso's total compensation by $2.3 million last year; remainder of management
team took
similar pay cuts.
MoreTokusen USA planning 135 jobs at new Scottsburg plant
March 24, 2010
IBJ StaffArkansas wire-maker Tokusen USA Inc. plans to establish a manufacturing plant in Scottsburg, state economic development officials
said Wednesday, touting the nearly 135 jobs expected over the next two years.
MoreCummins expects profit to grow 10 percent a year
March 16, 2010
Bloomberg NewsColumbus-based Cummins Inc., North America’s largest maker of heavy-duty diesel truck engines, expects pretax profit
to increase 10 percent a year and sales to grow 13 percent annually over the next five years.
MoreFord supplier Lear to add 200-plus jobs in Hammond
March 2, 2010
IBJ StaffMichigan-based auto components maker Lear Operations Corp. plans to invest more than $2.2 million to expand and upgrade its
manufacturing facility in Hammond, adding more than 285 jobs this year.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.