Hundreds of Duke Energy workers preparing to go on strike
Nearly 1,000 union workers at Duke Energy Indiana are set for an “imminent work stoppage” over a contract dispute with the Plainfield-based utility.
Alex Brown, Inside INdiana Business
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BP pausing blue hydrogen effort at Whiting Refinery
BP said other factors in its decision to pause the hydrogen project included a slow-developing hydrogen market in the Midwest and uncertainty created by current economic conditions.
Allison Transmission to acquire Dana Inc. business unit for $2.7 billion
The business unit employs about 11,000 people in 25 countries. Allison did not specify if any jobs would be negatively affected by the deal.
Vera Bradley CEO to step down in wake of $33.5M quarterly loss
Jackie Ardrey has been CEO of the Indiana-based handbag and luggage designer since November 2023.
Goodwill of Central & Southern Indiana to merge with Illinois counterpart
The combined nonprofit will operate in 40 Indiana counties and 21 central Illinois counties, serving tens of thousands of people.
Ivy Tech Community College approves two-year tuition freeze
The move follows recommendations from Gov. Mike Braun and the Indiana Commission for Higher Education for all public higher education institutions to keep tuition flat.
UPDATE: Trump announces ‘planned partnership’ between U.S. Steel and Nippon
The proposed acquisition, first announced in December 2023, was originally blocked by former President Joe Biden.
Report: Nippon increases investment pledge to $14B if U.S. Steel sale is approved
U.S. Steel first announced plans for the acquisition in December 2023 after another purchase offer from rival Cleveland-Cliffs was rejected.
UPDATE: Ivy Tech taps outgoing Louisville public schools chief as next president
Martin Pollio, who will succeed Sue Ellspermann at Ivy Tech, has led Kentucky’s largest school district as superintendent since 2017.
Indianapolis Motor Speedway Museum president to step down
In addition, the museum announced this week that it has acquired 14 race cars from Chip Ganassi Racing, including five Indianapolis 500 winners.
Alexandria annexation bill signed into law
The legislation allows Alexandria to annex about 460 acres of noncontiguous land in Madison County, paving the way for an industrial park.
Trump orders new review of Nippon Steel acquisition of U.S. Steel
In January, former President Joe Biden blocked the proposed $14.9 billion acquisition of Pittsburgh-based U.S. Steel by Nippon Steel in Japan. However, President Donald Trump on Monday ordered a new review of the deal.
Rose-Hulman receives $10M gift for new entrepreneurship program
The donation will be used to establish the Noblitt Entrepreneurship Program, which will provide opportunities to work with faculty on “experiences related to entrepreneurship and the principles of the free market.”
Report: GM to increase production, add jobs at Fort Wayne plant
The Fort Wayne plant produces the Chevrolet Silverado 1500 and GMC Sierra 1500 trucks, with about 1,300 units produced each day, according to the automaker’s website.
Stellantis announces temporary layoffs, production pause in response to tariffs
A spokesperson for the company said the layoffs will impact workers at three Indiana facilities.
Greenwood manufacturer to close facility, lay off 72 workers
A spokesperson said the move is a strategic adjustment to the company’s business structure as part of ongoing efforts to optimize operations.
Conexus Indiana picks advanced manufacturing veteran as CEO
Indianapolis-based Conexus Indiana focuses on supporting and promoting Indiana’s advanced manufacturing and logistics sector.
Judge slashes punitive damages awarded in case against Wabash
Judge Christopher E. McGraugh said the original $450 million amount awarded by the jury was “grossly excessive” and not in line with the company’s constitutional rights.
Indiana-based Shoe Carnival to convert more stores to Shoe Station brand
Shoe Carnival said it will transition 175 stores to the Shoe Station banner over the next two years, with the first 50 to 75 stores being completed in the first fiscal year.
California defense tech company breaks ground on Indiana facility
The Indiana Economic Development Corp. noted the company plans to invest a total of more than $456 million and create up to 628 jobs by the end of 2029.