Cummins sees 14-percent jump in quarterly profit
Revenue from overseas markets declined 6 percent from a year ago, but revenue from North America increased 17 percent as strong demand continued for commercial truck engines.
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NFL relinquishing long-held tax-exempt status
In a letter to team owners, Commissioner Roger Goodell said the league office and its management council will file returns as taxable entities for the 2015 fiscal year. Goodell said the NFL has been tax-exempt since 1942, though all 32 teams pay taxes on their income.
Allison Transmission beats expectations with higher profit
Allison Transmission Holdings Inc. on Monday reported a first-quarter profit that exceeded analyst expectations, but fell short of revenue predictions.
Pulte to buy remaining land in Village of WestClay, Lochaven
Between the two high-end communities in Carmel and Noblesville, Pulte Homes expects to be able to build on more than 200 home sites.
Indianapolis Museum of Art to launch preschool in fall
In a partnership between St. Mary’s Child Center and the Indianapolis Museum of Art, 16 slots are available for students to enroll in a new museum-housed preschool, with classes beginning in August.
Former Lilly partner set to pay $2.3B to settle Actos cases
Takeda Pharmaceutical Co. executives have agreed to pay more than $2.3 billion to resolve lawsuits accusing the company of hiding its Actos diabetes medicine’s cancer risks, three people familiar with the accord said.
For-profit college operator Corinthian calls it quits
Corinthian Colleges Inc.—which once competed with the country’s biggest for-profit education companies, including Carmel-based ITT Educational Services—shut down its remaining 28 schools Monday, essentially completing the biggest collapse in U.S. higher education.
Eight applicants seek vacancy on Indiana Court of Appeals
Applicants seeking the soon-to-be-open seat seat include Marion Superior Court Judges Robert Altice and Gary Miller. Several Indianapolis attorneys also are interested.
PNC Center pitching backside as restaurant site
Retail brokers say the location, at Illinois and Maryland streets in the heart of downtown’s dining district, is sure to generate plenty of interest.
Indiana lawmakers send tougher ethics bill to Pence
Indiana legislators gave final approval Monday to a state ethics law overhaul that requires greater financial disclosure by lawmakers and expressly prohibits elected officials from using state resources for political purposes.
Lebanon power tool company plans $6.8M expansion
Lebanon-based tool manufacturing Festool USA on Monday announced plans to add 55 workers as part of a $6.8 million expansion.
First Internet Bancorp reports record quarterly profit
It was the fourth straight quarter of earnings growth for First Internet, which passed the $1 billion mark in assets during the quarter.
Health Department report: Nurse staffing was short at IU Health Methodist
A Health Department audit found nurse staffing routinely short on two patient units at IU Health’s Methodist hospital, where nurses are trying to organize a union.
Company news
In a bid to make itself more efficient, Indiana University Health announced Friday that it will spend roughly $1 billion to expand its Methodist and Riley campuses, then close its University facility. During the five- to seven-year process, University Hospital will remain open to patients, just as it is now, according to IU Health officials. […]
People
Managed Health Services promoted Stefone Binns to manager of customer service for its Medicaid and Healthy Indiana health plans and its Ambetter plans sold on the Obamacare exchange in Indiana. Binns was previously a customer service supervisor at Managed Health Services, a subsidiary of St. Louis-based Centene Corp. Before working for MHS, Binns was a […]
Proposed change to education bill would allow Ritz to keep chair
Senate Republicans unveiled a proposal Monday to allow the Indiana State Board of Education to choose its own leader, but not until Superintendent of Public Instruction Glenda Ritz, a Democrat, completes her first term in office.
Indiana lawmakers enter final 3 days with unsettled issues
Indiana lawmakers are entering the final three days of this year’s legislative session with final decisions looming on the new state budget and some other difficult issues.
Pence planning May trade mission to China
Pence will travel with a delegation of Hoosier business leaders to Beijing, Shanghai and Hangzhou, the capital city of Zhejiang Province, Indiana’s Chinese sister-state. The delegation plans to leave May 9 and return May 16.
GreatLand Connections doomed by failed cable merger
GreatLand Connections would have been the fifth largest cable company in the United States, with more than 2.5 million subscribers, including 344,400 in the Indianapolis area.
Priority list include dining at the Speedway, an auto show at the IMA, more
Plus a John Lennon celebration from Encore Vocal Arts and a trio of choices for starting your First Friday trek.