A $70 million expansion of Columbus Regional Hospital will result in 60 new rooms and a new emergency department, the hospital said today. The project is intended to alleviate overcrowding and create private rooms, which patients are beginning to expect. BSA LifeStructures of Indianapolis and Robert A.M. Stern Architects LLP of New York wrote the […]
Shares of Interactive Intelligence Inc. are up 16.1 percent, to $17.75, this morning after reporting yesterday that first-quarter profit increased to nearly $1.7 million from $1 million a year earlier. The Indianapolis software developer, which has launched an expansion that will add ? workers to its northwest-side offices, attributed the boost to strong sales of […]
Bernardin, Lochmueller & Associates Inc., a civil engineering firm in Evansville, is adding 20 employees to the 22 already at its 6125 S. East St. branch office, Indy Partnership announced this morning. The jobs will pay about $30 an hour. Bernardin has 100 workers at its headquarters and 20 at a St. Louis branch. Chief […]
Bernardin, Lochmueller & Associates Inc., a civil engineering firm in Evansville, is adding 20 employees to the 22 already at its 6125 S. East St. branch office, Indy Partnership announced this morning. The jobs will pay about $30 an hour. Bernardin has 100 workers at its headquarters and 20 at a St. Louis branch. […]
Indiana was among the top 10-hardest hit states due to China’s entry into the World Trade Organization, a move that caused a displacement of production that otherwise would have remained in the United States, according to a report issued by the Economic Policy Institute in Washington, D.C. Indiana lost 45,200 jobs, or 1.5 percent of […]
Obelisk Federal Credit Union in New Albany was taken over by the National Credit Union Administration last month, but the federal agency isn’t saying why. However, the agency assured members that operations would continue as usual, according to The Courier-Journal of Louisville. Members of the southern Indiana institution work at hospitals, local governments and companies.
Intelliplex Park, Shelbyville’s state certified technology park, needs time to attract more companies and fulfill its potential for creating jobs, Major Hospital officials told a crowd of about 100 on Monday. In early April the hospital, which founded the park in 2003 along with the city and Shelby County, answered 180 questions from the community. […]
Dow Jones & Co., which publishes The Wall Street Journal, has been offered $60 per share by News Corp., the company controlled by media baron Rupert Murdoch, according to CNBC. News Corp. is planning a business news channel to compete with other broadcasters. Dow Jones shares almost tripled this morning on the news, rising from […]
Dow AgroSciences, the Indianapolis-based agricultural arm of Dow Chemical Co., has bought some assets of Maize Technologies International of Neusiedl am See, Austria, for an undisclosed price. Dow AgroSciences anticipates using Maize Technologies’ genetics to improve corn grown in short seasons in Europe and the United States. Local employment will not be affected by the […]
A deal that fell through a year ago is back on the table for Standard Management Corp. The Indianapolis company, which sells pharmaceuticals to nursing homes, said today it has agreed to buy In-House Pharmacies Inc. of San Diego—this time through its newly formed unit Universal Healthcare Co. LLC. Terms were not disclosed today or […]
Eli Lilly and Co. became the first drug company to make public its grants to U.S. organizations by posting the records on its Web site today. Most of the grants focus on endocrinology, neurosciences, oncology and other areas where Lilly develops drugs. The largest in the first quarter was to Massachusetts General Hospital’s Department of […]
Zimmer Holdings Inc. has named David Dvorak as CEO to replace Ray Elliott, who is retiring in the first half of this year but will remain as chairman. Dvorak, 43, was group president of the Warsaw orthopedics company’s global businesses and chief legal officer. He has been with Zimmer for six years.
Wabash National Corp., the Lafayette-based manufacturer of semi-truck trailers, said profit in the first quarter slid to $1 million from $4.3 million a year earlier. Customers still seek quotes, but they follow through by placing orders less frequently because they’re “monitoring economic conditions,” Wabash said.
Stock in Cummins Inc. shot up as much as 24.7 percent this morning following a positive first-quarter earnings report. At noon, the shares had settled retreated from a peak of $107 to near $100—still a huge run-up compared to yesterday’s closing price of $85.99.. The Columbus, Ind., diesel engine maker said profit rose 5.9 percent, […]
Chicago south-siders are riled that the discounts they enjoy driving the Indiana Toll Road are scheduled to vanish in June, while discounts Indiana residents receive for driving on the Illinois leg of the highway will continue. The General Assembly last year gave holders of Indiana’s I-Zoom passes a 40-percent discount until 2016 when it approved […]
Pernod Ricard USA, the French owner of a 150-year-old distillery and bottling plant in the southeast Indiana city of Lawrenceburg, has notified the state that it will lay off 405 workers by June 26. Details were not immediately available. Dearborn County Commissioner Jeff Hughes said he had not heard about the layoff. The plant distills […]
Alliance for Cooperative Energy Services announced today that it will add 25 jobs to the 113 employed at its Carmel headquarters and spend $4 million to update equipment. Fifteen electric power cooperatives own the wholesale energy risk management and transaction executive firm, which was founded in 1999. The state is giving ACES up to $188,000 […]
First-quarter profit fell nearly 8 percent, to $113 million, for Indianapolis-based Simon Property Group because it no longer derives income from Mall of America, the Minnesota location it sold last year. However, funds from operations, a common measure of real estate investment trusts like Simon, increased 9.3 percent to $392.4 million.
Columbus diesel engine maker Cummins Inc. today reported a 5.9-percent increase in first-quarter profit from the same period a year ago. The $143 million in net income was driven mostly by its electrical power generation and distribution business. Sales of engines for heavy trucks declined due to trucking firms’ stocking up on trucks before new […]
