Shares of engine parts maker Cummins Inc., soared yesterday after Caterpillar Inc. announced a business deal with truck maker Navistar International Corp. – a move an analyst said will boost business for Cummins. Shares rose $6.25, or 9.9 percent, to $69.38. Earlier Thursday, Caterpillar, one of the world’s largest makers of heavy machinery, announced a […]
Shares of hip and knee implant maker Zimmer Holdings Inc. surged today after the company reported better fourth-quarter results than analysts expected, and forecast solid 2008 profit and sales. The Warsaw company’s profit and revenue both surpassed Wall Street estimates, as well as its own forecasts, in the fourth quarter. In 2008, Zimmer expects a […]
A state legislative commission studying Indiana’s tax woes said today that it thinks the government should trim property taxes 50 percent for most homeowners. The bipartisan commission also wants to reduce taxes by 25 percent for other residential property like apartments and second homes. It would balance these cuts with increases in local option income […]
