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Cummins 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.
MoreLocal furniture maker acquires northern Indiana company
October 9, 2012
Facility Concepts Inc.'s purchase of Classico Seating in Peru, Ind., gives the manufacturer of restaurant furniture about
100 employees and 250,000 square feet of manufacturing space.
MoreSt. Vincent, Community team up, forming colossus
October 6, 2012
J.K. WallThree area hospital groups—St. Vincent Health, Community Health Network and Suburban Health Organization—have
agreed to join forces to manage patients’ health and strike new kinds of contracts with employers and health insurers.
MoreState decides not to open Kokomo bypass early
September 24, 2012
Associated PressState highway officials had considered opening a four-mile stretch of a U.S. 31 bypass around Kokomo this fall, but now they
say motorists won't be able to drive on the road until next year.
MoreIndiana biz leaders race to fund presidential campaigns
September 15, 2012
Kathleen McLaughlinMitt Romney, the Republican presidential nominee, has raised $2.27 million in large gifts from Hoosiers, twice as much as
President Barack Obama, according to federal campaign-finance data through June 30.
MoreBloomington docs still feuding with Anthem
September 10, 2012
J.K. WallA large physician practice in Bloomington remains at an impasse with Anthem Blue Cross and Blue Shield of Indiana less than
two months before their contract is set to expire.
MoreGrowing ENT market attracts Cook
September 10, 2012
J.K. WallBloomington-based Cook Medical announced a new division to capitalize on the growing market for minimally invasive procedures
to fix problems in ears, noses and throats, as well as other maladies of the head and neck.
MoreTribal casino could squeeze state coffers
September 8, 2012
Kathleen McLaughlinA tribal casino planned for northern Indiana could deal a serious blow to established competitors, as well as to an important
source of state tax revenue.
MoreLake Wawasee house sale is largest of year for local listing service
September 1, 2012
Encore Sotheby's local office represented seller in the $3.8 million sale to a local buyer.
MoreSenatorial candidates angling for advantage in tight race
September 1, 2012
Kathleen McLaughlinCentral Indiana residents will have a front-row seat on the close race for U.S. Senate, as Democrat Joe Donnelly and Republican
Richard Mourdock drill into each other’s partisan strongholds to pick up crucial votes.
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.
MoreWater utility exploring drastic options to satisfy long-term demand
July 28, 2012
Chris O'MalleyCitizens Water engineers are considering various methods, both short-term and long-term, to meet increasing demand on the
water supply of Indiana’s largest metro area, which might need 50 million gallons more water per day as early as five
years from now.
MoreSix banks that owe Treasury walk TARP tightrope
July 21, 2012
Kathleen McLaughlinSix of the 17 Indiana banks that relied on the federal government to shore up their balance sheets in the recession have yet
to repay, and the U.S. Treasury isn’t going to wait forever.
MoreChrysler seeks $2.5M utility deposit from Duke Energy Indiana
July 13, 2012
Chris O'MalleyThe automaker is asking the Indiana Utility Regulatory Commission to look into its dispute with Duke Energy—and order
the utility to return a deposit it required to keep the power on at Chrysler's Kokomo plants.
MoreDrought deals blow to ethanol industry
July 7, 2012
Chris O'MalleyIndiana’s 13 plants distilling the automotive fuel ethanol could soon be sputtering as drought dries up the supply and
boosts the price of corn, their main ingredient.
MoreHaynes plans $23.5M expansion, 40 more jobs in Kokomo
June 26, 2012
Associated PressKokomo-based Haynes International Inc. plans a $23.5 million project to increase production at a central Indiana factory where
it makes specialty metal plates and sheets for the aerospace and other industries.
MoreDaniels expected to find new cash for Purdue as president
June 23, 2012
J.K. WallColleagues of Gov. Mitch Daniels say Hoosiers should expect him to bring a familiar approach to his upcoming role at Purdue
University: Do more with less, reward performance, find creative ways to tap new pools of money, and use warm folksy charm.
MoreBiomet gives ortho industry hope
June 18, 2012
J.K. WallThe skies got a little brighter for the orthopedic industry on Friday after Warsaw-based Biomet Inc. reported strong quarterly
sales growth of 3.4 percent. That news sparked a small surge in the stock prices of two other Warsaw-based orthopedics companies.
MoreColumbus auto parts maker plans to add 50 jobs
June 12, 2012
NTN Driveshaft Inc. said it will add the jobs by 2013 as part of an $18 million expansion that will include purchasing additional
equipment for its 1-million-square-foot facility.
MoreOrthopedic startups attracting big money
June 9, 2012
J.K. WallThe Warsaw area is well-known as the home of gigantic orthopedic implant companies and their suppliers. But now a handful
of startups have been able to raise nearly $25 million in equity investments despite the recession—putting a bit more
fuel into a fairly stagnant entrepreneurial sector.
MoreFirm finds opportunity helping employers with hiring
April 28, 2012
Andrea Muirragui DavisRushville-based Barada Associates Inc. specializes in helping business clients make good hiring decisions—services that
have become more popular as companies find themselves inundated with eager applicants looking for work.
MoreRadio host buys site of burned Brown County music hall
April 18, 2012
Associated PressA central Indiana business owner and radio show host plans on rebuilding a southern Indiana concert hall that hosted some
of country music's top acts before it burned down in 2009.
MoreCummins lures job candidates with virtual tour app
March 31, 2012
The idea is to send middle and high school students the message that there are plenty of jobs in engineering.
MoreDelaware County regroups after green factories fizzle
March 20, 2012
IBJ Staff and Associated PressA central Indiana county is pulling back its financial support for a pair of green-energy companies who so far haven't
delivered on plans for factories with hundreds of workers.
MoreEndocyte pulls trigger on European drug submission
March 13, 2012
J.K. WallEndocyte Inc. will submit its ovarian cancer drug EC145 for European market approval in the third quarter of this year after
the European Commission granted it orphan drug status.
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Can IBJ please stop referring to this property as "Kessler Mansion"? What a ridiculous title for the biggest, bloated, blight in our city. It's not a mansion. At best, it's an ideal site to shoot low-budget porn. Ahhh! Another business use!
Its stories like these that prove that a Ball State diploma is worth less than the paper that its printed on. A real institution of higher learning would have taken care of this long ago. No way should this crap be taught in a SCIENCE class.
It is such a shame that King Ballard has made Indianapolis into Chicago south with all of the rampant corruption.
How many of these 1,259 bills were actually heard and voted on on the floor vs how many were shot down in committee?
When a an arrogant young guy with essentially no experience and no qualifications for the job, was dropped into an Administrator position out of nowhere by his "mentor" in the Mayor's office things seemed fishy. Sometimes things are what they seem.