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Columbus diesel engine maker Cummins Inc. today said the slowing economy has forced it to revise its 2008 outlook downward. Sales will rise 9 percent rather than the previous guidance of 12 percent, and profit will increase 9 percent instead of 10 percent. Most of the declines are coming in its engine and components businesses, […]
Profit plummeted 40 percent for Hurco Cos. Inc. in its fourth fiscal quarter, the Indianapolis machine tool maker reported today. The decline to $3.4 million in the period ended Oct. 31 was caused by the slumping global economy, Hurco said. Sales edged up slightly in Europe, but fell in North America and dropped by more […]
Daphne Clark, whose roles at WellPoint Inc. have included serving as chief of staff to CEO Angela Braly, has been tapped to direct the Medical Technology Leadership Forum. The forum is the not-for-profit think tank that’s moving this month from Minneapolis to the Indiana University Research and Technology Corp. campus on Indianapolis’ downtown canal. From […]
Last Saturday’s Indiana Author Fair at the Indiana Historical Society not only brought to town a lot of Indiana authors. It also brought to town some of the bravest Indiana authors. A few slid there way from “the region,” sharing…
Truck trailer manufacturer Wabash National Corp. announced today that it will lay off 800 employees at its Lafayette plant with the intent of calling them back to work in the second quarter. The layoff begins Dec. 22. Other workers will have an extended holiday shutdown lasting from Dec. 22 to Jan. 6. Lafayette-based Wabash didn’t […]
St. Vincent Indianapolis Hospital is cutting about 50 jobs to reduce costs in the face of declining patient volume and rising numbers of unpaid bills. The people being laid off are spread throughout the hospital, including human resources, facilities and management, said St. Vincent spokesman Johnny Smith. He said St. Vincent has made no job cuts […]
Robert Enlow is replacing Gordon St. Angelo as president of the Friedman Foundation for Educational Choice on Jan. 1, the Indianapolis-based not-for-profit announced yesterday. Enlow has been executive director of the group, started by legendary economist Milton Friedman and his wife, Rose, since late 2004. St. Angelo, a pioneer in the school-choice movement, had led […]
Dalton Corp., a foundry headquartered in the northern Indiana city of Warsaw, has filed for Chapter 11 bankruptcy protection from creditors. Dalton has about 1,500 workers at gray iron foundries in Warsaw and Kendallville, and a machining facility in Stryker, Ohio. The company supplies castings for air-conditioning, engines, transmissions and other uses. The bankruptcy was […]
The Indy Racing League today announced an extension of its long-time association with ESPN International for worldwide (excluding the United States and Brazil) distribution of IRL broadcast rights until 2010, with a further…
Lilly Endowment has committed $300,000 to the International Center of Indianapolis for the 10th year in a row. The funds will be used for programs including cross-cultural training for employees and helping families relocate from other countries. The not-for-profit focuses on connecting people from various cultures in the city.
A study released today by the Democratic-leaning Economic Policy Institute estimates 40,700 to 147,300 Hoosiers would be thrown out of jobs if one or more of the three Detroit automakers were to shut down. The figures equate to 3 percent to 5 percent of the state’s 2.9 million workers. Only Michigan would be hit harder, […]
Ivy Tech Community College has grown to become the largest post-secondary institution in the state, and it probably will get a lot bigger. Ivy Tech said today its enrollment of 120,447 in the 2007-08 academic year topped the 118,952 students in the Indiana University system. Purdue had 39,102 students. Ivy Tech attributed the growth to […]
A plant in Fremont that makes enclosures for electronics, computers and telecommunications equipment will close by Aug. 1, throwing 114 out of work, according to The Journal Gazette of Fort Wayne. The work is being consolidated at a plant in Urbana, Ohio. Both sites are owned by Rittal Corp., which is headquartered in Springfield, Ohio, […]
There’s a new reality in professional sports. Slowly, but surely the people who run sports operations in central Indiana are waking up as the sun rises on a new day. Here’s some news that should help all of us understand…
Yet another Illinois governor is going down in legal flames, as Rod Blagojevich struggles to extricate himself
from federal accusations that he brazenly tried to peddle Barack Obamaâ??s Senate seat to the highest bidder.
So, weâ??re reminded again that power corrupts….
DHL Express’ exit from the package delivery business in the United States will result in 323 workers losing their jobs in Indiana. Most of the jobs, 189, are in Indianapolis, according to the Indiana Department of Workforce Development. The rest are in Lafayette, Bloomington and South Bend. The layoffs will be finished by Jan. 23, […]
Fifty of ImClone Systems Inc.’s 1,280 employees have been laid off just two weeks after Eli Lilly and Co. closed its acquisition of the New York cancer drug developer, according to New Jersey Business. Nearly half of ImClone’s 70 sales people were eliminated. Most were focused on ImClone’s main drug, Erbitux. Indianapolis-based Lilly paid $70 […]
Ball State University, thanks to its football team, is flying high. The school has received more television exposure in the last 60 days than it has gotten in the last decade as its football team rattled…
Apartment developer Christopher Piazza has closed on financing for a $1.2-million renovation of a 1914 apartment building in Irvington. The 31-unit…
A $100 million office park in Fishers that has been a dream of an Indianapolis developer for a decade will be anchored by USA Funds. Edgeworth Laskey Properties LLC plans to announce today that USA Funds will lease 30,000 square feet in one of five buildings designed for the 26-acre site, which is west of […]
