Cummins Inc. this morning reported its fifth consecutive year of record sales and profits, then promptly lowered its expectations for 2009. The Columbus engine maker expects sales this year to be about 20 percent lower than the $14.3 billion recorded in 2008; it said earnings before interest and income tax expenses should amount to about […]
Indianapolis-based Dow AgroSciences was a bright spot in an otherwise gloomy fourth quarter for parent Dow Chemical Co. Although Dow today reported a fourth-quarter loss of $1.6 billion on sales of $10.9 billion – down from a $472 million profit and $14.2 billion in sales the prior year – its agricultural sciences segment posted record […]
The Baskin-Robbins ice cream chain hopes to add more than 50 new franchise locations in the Indianapolis area as part of a nationwide expansion. The Massachusetts company today announced plans to sell new franchises in major cities including Indianapolis, Houston and Atlanta. Only 10 of its 2,700 locations worldwide are in Indiana. The privately held company […]
Enrollment at Indiana University’s eight campuses for the spring semester reached a record of 97,155 students, an increase of 3,754, or 4 percent, from last spring’s total, the university announced today. IU East in Richmond showed an almost a 10-percent increase over the previous spring semester. IU Bloomington’s enrollment increased 3.3 percent and IUPUI’s rose […]
More than 600 people who work for two recreational vehicle companies in northern Indiana’s Elkhart County are being laid off because of the troubled economy. Keystone RV Company in Goshen announced it is consolidating operations and downsizing its work force by about 350 employees through April. Keystone plans to close several of its plants, including […]
Indianapolis police are still looking for a man who opened fire in a nightclub parking lot early yesterday, injuring five people. The incident happened at about 2:30 a.m. at King of Clubs near Ritter Avenue and Brookville Road. Officers say some patrons were gathering for a birthday party when a fight broke out. According to […]
NBC sold out its 69-spot advertising inventory for yesterday’s Super Bowl, pushing total ad revenue for the event to a record $206 million – not bad in the middle of a recession. The Super Bowl is a premier advertising event with an U.S. audience of 100 million viewers, many of whom watch closely during game […]
Two unemployed Hoosiers have earned $1 million for creating the Super Bowl’s top-ranked commercial. Joe and Dave Herbert of Batesville won the third-annual Doritos “Crash the Super Bowl” challenge and earned high marks from viewers. Their ad features a man predicting free Doritos for his co-workers, then breaking a vending machine with a crystal ball. […]
Thousands of southern Indiana residents are still without power following last week’s winter storm. Vectren reports 20,000 outages as of last night, mostly in the Evansville area. More than 100,000 customers were left without electricity as a result of the storm. Vectren officials say most power should be restored by Thursday, though isolated outages could […]
Gov. Mitch Daniels today recognized three Indiana Department of Transportation workers who found more than $100,000 in an old tire along Interstate 70. The workers were picking up trash east of Indianapolis two weeks ago and found a wad of bills in an abandoned tire. They reported the discovery to state police, who believe the […]
Home sales in central Indiana continue to slide, declining 18 percent in the fourth quarter compared to the same period the previous year, the Metropolitan Indianapolis Board of Realtors reported today. Units sold in the 13 counties tracked by the trade group dropped to 4,966 in the three months ended Dec. 31. All counties showed […]
Columbus engine maker Cummins Inc. said today that it has offered voluntary retirement packages to about 700 hourly employees in southern Indiana. The company will accept as many as 350 voluntary retirement applications, and most of the affected employees are expected to leave their jobs by March 1. “The demand for our engines and related […]
A top administrator at the University of Southern Indiana has been picked as the school’s new president. The university Board of Trustees on Saturday appointed Linda L.M. Bennett to replace school President H. Ray Hoops on July 1. Hoops is retiring after 15 years as president of the nearly 10,000-student school in Evansville. Bennett has […]
Despite year-over-year revenue gains and robust earnings, the economic downturn has finally caught up with the Indianapolis Indians.
The state’s technology initiative, TechPoint, is adding two categories to its annual Mira awards: health care IT and corporate
IT.
Indiana has its share of renowned dead writers, but the Indianapolis-Marion County Library Foundation is planning to recognize modern-day Hoosier scribes with a new and quite hefty prize.
Jim Tellus has been promoted to president and general manager of WTHR-TV Channel 13.
The not-for-profit Indianapolis Historical and Educational Foundation is planning a police museum in the first floor of an old warehouse along Pennsylvania Street across from Conseco Fieldhouse.
A group of volunteers who hope to open a home for pregnant teens will soon hire an executive director, thanks to a $25,000
grant from Women’s Fund of Central Indiana.
One locally owned retailer aiming for a New York City vibe was set to close and another has opened along Massachusetts Avenue
downtown.
