Cummins shares fall after quarterly report
Cummins Inc. reported $283 million in third quarter profit, a three-fold increase from the year-ago period, but the performance missed analyst expectations.
IBJ Staff and Associated Press
Articles
State getting $25M to clean up old GM sites
Indiana will benefit from a $25.2 million environmental trust established to clean up and redevelop eight former General Motors plants throughout the state, officials said Wednesday.
New Purdue smoking policy sparks complaints
The policy limits smoking to 22 designated areas across campus, where on at least a couple occasions overfilled receptacles have caught fire.
BMV commissioner resigns following arrest
State Bureau of Motor Vehicles Commissioner Andrew J. Miller resigned Thursday, the day after he was arrested for allegedly exposing himself in a public restroom in downtown Indianapolis.
Children’s Museum to revamp area for preschoolers
The Children's Museum of Indianapolis has received a three-year, $700,000 grant from the PNC Foundation to renovate its early childhood exhibit, Playscape. It is the first major gift the foundation has made in Indianapolis.
Marian joins Bush initiative to train school principals
Marian University in Indianapolis is one of six schools or school districts signed up with the George W. Bush Institute to train school principals in business-like management techniques.
Indiana University aims to raise $5B in a decade
Indiana University President Michael McRobbie says the university is in "constant campaign mode," and private philanthropy is vital for enhancing student financial aid, endowed faculty chairs, specialized buildings and academic initiatives.
Southwest Airlines to buy AirTran for $1.4B
Dallas-based Southwest Airlines would bump Delta Air Lines from top carrier spot at Indianapolis International Airport when it acquires Orlando-based-based AirTran in a deal announced Monday. Southwest/AirTran would have about 33 percent of the Indianapolis market, airport officials said.
Reopening set for Moscow covered bridge
Organizers are planning a weekend ceremony to dedicate a rebuilt covered bridge in central Indiana that was destroyed by a tornado more than two years ago.
Finish Line’s second-quarter profit jumps to $16.8M
Indianapolis-based The Finish Line Inc. said Thursday that its second-quarter profit rose as it rebounded from a messy quarter a year earlier after the athletic shoe retailer sold its unsuccessful Man Alive hip-hop stores.
Daniels picks Boone County judge for Supreme Court
Gov. Mitch Daniels has appointed Boone Circuit Court Judge Steven David to the Indiana Supreme Court.
Defendant pleads guilty in $880M fraud case
A Florida man with ties to the founder of Indianapolis-based Williams Realty Group
pleaded guilty Wednesday to running a multistate Ponzi scheme that prosecutors say left investors with up to $100 million in losses.
UPDATE: Schrenker pleads guilty to securities fraud
Former money manager admits to bilking friends, family members and other investors out of millions of dollars before trying to fake his own death. He’ll be sentenced Oct. 7.
Lab used by Lilly, peers accused of animal cruelty
An investigation found that lab employees kicked, threw, and dragged dogs; lifted rabbits by their ears and puppies by their throats; violently slammed cats into cages; and exposed animals to toxic chemicals.
Local developer planning Indiana wind farm
Carmel-based Performance Services Inc. plans a 25-turbine wind farm in a rural area north of Lafayette, across about 2,500 acres in northern Tippecanoe County.
New Jersey fines Carmel company over dangerous toy
Indiana Novelty International, which does business as Kipp Brothers, was ordered to pay a $54,300 fine and reimburse the state’s investigative costs.
New IU program lets students invest $100,000
Kelley School of Business Dean Dan Smith said a $100,000 donation from two IU alumni will provide a hands-on learning opportunity
for students.
Would-be buyer urging GM workers to vote on pay cuts
A businessman seeking to buy General Motors Co.'s Indianapolis metal-stamping plant met with workers Sunday at Lucas Oil
Stadium to urge them to accept pay cuts allowing the sale.
Police lock down Circle Centre area after gunman commits suicide
A lone gunman atop a South Meridian Street parking garage fired "indiscriminate" shots into the air Thursday afternoon
before shooting himself and falling to the sidewalk below, police spokesman Lt. Jeff Duhamel said.
Lilly halts development of Alzheimer’s drug
Studies showed that the treatment did not slow the disease's progression. It's just the latest setback for the pharmaceutical
giant, which lost a patent lawsuit over a major drug last week and faces an unprecedented number of patent expirations through
2014.