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MARCUS: Kokomo works to advance economy

July 10, 2010
Morton Marcus
What 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.
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Solar firm investing $500M in unused Getrag plant; 850 jobs planned

July 3, 2010
 IBJ Staff
A 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.
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LOU'S VIEWS: The King without kitsch and other Brown County pleasures

July 3, 2010
Lou Harry
It 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.
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Fort Wayne medical practice splits, following industry trend

July 2, 2010
J.K. Wall
More 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.
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Cummins looks to boost India sales by 40 percent

June 28, 2010
Bloomberg News
Cummins 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.
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Plug-in car startup breaks all the rules

June 26, 2010
Chris O'Malley
Wabash-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.
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Electric rates likely to rise with cost of Duke coal plantRestricted Content

June 26, 2010
Chris O'Malley
Pressure 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.
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IPL mulling hydroelectric power on Ohio RiverRestricted Content

June 19, 2010
Chris O'Malley
Expecting 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.
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Bloomington Brewing Co. planning expansion

June 17, 2010
Associated Press
A 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.
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Trailer maker Pace American could close Middlebury plant

June 7, 2010
 IBJ Staff
A cargo trailer maker may close its manufacturing facility in Middlebury, potentially costing 150 workers their jobs.
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Miller brothers who shared in fortune fighting over $3 million

June 5, 2010
Kathleen McLaughlin
J. 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.
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Federal appeals judge moving chambers to Indiana

June 4, 2010
 IBJ Staff and Associated Press
A judge on the federal appeals court in Chicago is relocating his chambers to Indiana University's Bloomington campus.
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Dora Hotels takes over management of DePauw's Walden Inn

May 22, 2010
 IBJ Staff
Dora operates more than 20 hotels, including five in downtown Indianapolis and two adjacent to Indianapolis International Airport.
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Tipton County OKs $13M bond to help sell Getrag plant

May 19, 2010
 IBJ Staff
The 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.
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Bioanalytical Systems reports loss in second quarter

May 17, 2010
 IBJ Staff
Bioanalytical 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.
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Cummins profit jumps on demand from emerging markets

April 27, 2010
Scott Olson
The Columbus-based engine maker sees sales increase in developing countries such as China, India and Brazil.
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Old National improves first-quarter performance

April 26, 2010
 IBJ Staff
Evansville-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.
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Expansion set for Camp Atterbury training site

April 15, 2010
 IBJ Staff and Associated Press
The 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.
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AIG's American General unit said to be seeking $3B term loan

April 9, 2010
Bloomberg News
Bank 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.
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Cummins cuts CEO's pay by nearly one-quarter

March 24, 2010
Peter Schnitzler
Columbus-based engine maker Cummins trimmed Solso's total compensation by $2.3 million last year; remainder of management team took similar pay cuts.
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Tokusen USA planning 135 jobs at new Scottsburg plant

March 24, 2010
 IBJ Staff
Arkansas 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.
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Cummins expects profit to grow 10 percent a year

March 16, 2010
Bloomberg News
Columbus-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.
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Ford supplier Lear to add 200-plus jobs in Hammond

March 2, 2010
 IBJ Staff
Michigan-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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Earthbound RV plans Marion plant, 300 jobs by 2013

February 17, 2010
 IBJ Staff
A startup firm that makes fuel-efficient recreational vehicles plans to locate its manufacturing operation in Marion, state officials announced Tuesday night, creating as many as 300 jobs by 2013.
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Covered bridge project draws special attention

February 6, 2010
Norm Heikens
A plethora of experts like Dan Collom are restoring the Moscow bridge, built in 1886 and destroyed by a tornado in 2008.

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