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Improved sales through specialty retailers and dealers helped lift third-quarter profit for Escalade Inc., the Evansville sporting good maker reported today. The $3.1 million in earnings for the quarter ended Oct. 6 was a 4.6-percent increase from a year earlier. The improvement came despite what Escalade described as eroding sales of soccer and hockey game […]

Cummins Inc. snagged a couple of ratings upgrades today from investment firms that follow the Columbus-based diesel engine maker. Citigroup recommends holding the stock rather than selling and Credit Suisse rated Cummins “outperform” instead of “neutral.” The changes follow a dip in Cummins’ stock price yesterday after its third-quarter earnings missed analyst expectations. The shares […]

Barry-Wehmiller Design Group Inc., a St. Louis company focusing on manufacturing automation and engineering consulting, has opened an engineering consulting office in Indianapolis. The location, the 10th for Barry-Wehmiller, will serve Indiana, Michigan, Ohio and Kentucky, and will be staffed with 30 professionals. The region had been served from its offices in Chicago, St. Louis […]

Ball State University has created a position to oversee its Building Better Communities economic-development outreach efforts. Frank Sabatine, dean of the School of Extended Education, has been appointed to the new position of associate vice president of economic development and community engagement. Before joining Ball State, Sabatine was liaison to the Community College of Indiana […]

Simon Property Group CEO David Simon has been named chairman, the Indianapolis-based shopping mall giant announced today. He will remain CEO. Former co-chairmen Melvin Simon and Herbert Simon, who founded the former Melvin Simon & Associates Inc. in 1960, have become chairmen emeriti effective today, and will focus on the company’s international expansion, the announcement […]

An investor that holds 5.7 percent of Emmis Communications Corp. said today that the stock has performed so poorly that the board should allow the company to be taken private. New York-based Arnhold and S. Bleichroeder Advisers LLC made the request to directors Peter Lund and Susan Bayh, the wife of U.S. Sen. Evan Bayh, […]

Economic recovery in Brazil helped drive third-quarter sales for Indianapolis-based Dow AgroSciences to $788 million, a 19-percent increase from the same period last year, its parent, Midland, Mich.-based Dow Chemical Co. Inc., reported yesterday. In Brazil, more sugar cane acres and a good season for growing corn sparked strong demand for Dow AgroSciences’ commodity herbicides. […]

Share prices of Indianapolis-based Celadon Group Inc. fell 15 percent this morning after it reported late yesterday that soft demand for its services caused profit to plunge in its first fiscal quarter. The stock fell to $8.16 from its close yesterday of $9.65, then bounced back to $8.35. The long-haul trucking service reported that it […]

Cummins Inc.’s stock price slid this morning after the Columbus diesel engine maker reported earnings that fell short of analysts’ expectations. Shares dipped to $119 from yesterday’s close of $133, but have rebounded slightly to trade near $121, a 9-percent decline from yesterday. Earlier this morning, Cummins reported that third-quarter profit was up 7.6 percent […]

It isn’t often managers of manufacturing plants earn an affectionate editorial in the local newspaper when they move on to their next job, but that’s what Steve Brock received from the Chronicle-Tribune in Marion this morning. Brock, who managed General Motors Corp.’s stamping plant in the city between Indianapolis and Fort Wayne, not only helped […]