Hurco profit inches higher on stronger European sales
The Indianapolis-based maker of equipment for cutting and forming metal beat the weakened economy in Europe, but saw a sales drop in the recessionary Asia Pacific market.
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U.S. unemployment rate rises despite jobs increase
Employment increased in May for retailers, construction companies, education and health services, leisure and hospitality businesses, and temporary-help agencies. Manufacturers, however, cut jobs for a third straight month.
IU Health agrees to sell occupational health clinics
US HealthWorks Medical Group, which specializes in workers’ compensation cases, agreed in May to acquire the eight clinics. The deal is expected to close before the end of June.
Bank gives Indy $1.4M to settle discrimination complaint
The settlement results from a complaint that alleged Wells Fargo's properties in white neighborhoods were much better maintained and marketed than properties in minority areas.
Ball State trustees OK 2-percent tuition hike
The 20,000-student school says the increase approved Thursday is the lowest at Ball State in 37 years.
Ivy Tech increases tuition more than 8 percent
The trustees of financially strapped Ivy Tech Community College have approved raising tuition by $5 per credit hour each semester for the next two years amid efforts to close a $68 million budget shortfall.
Indiana court wades into coal gas plant dispute
The state Supreme Court agreed Thursday to step into a legal fight between backers and opponents of a proposed $2.8 billion coal-gasification plant in southwestern Indiana.
Indy gets $1.6M from EPA to address brownfields
Indianapolis is launching a new strategy devoted to cleaning up abandoned industrial sites and sparking development in some of the capital city's most blighted neighborhoods.
Center Township trustee to list Mass Ave building
The township board in late May gave Trustee Eugene Akers permission to list the property, which has a five-story office building on 1-1/3 acres of land.
Glick’s all-in style leaves mark throughout philanthropy
Marianne Glick’s community commitment has earned her the distinction of being named the 20th recipient of IBJ’s Michael A. Carroll Award, given annually to someone who has demonstrated the former deputy mayor’s qualities of determination, humility and devotion to the community.
Locally produced laundry additive taking on skin cancer
In a nondescript manufacturing plant on Indianapolis’ east side, a manufacturer is producing one of the most unique weapons in the war on skin cancer. Called SunGuard, the laundry additive is being called by some dermatologists a potential life saver.
ExactTarget option gains approach $300M
xactTarget Inc.’s sale will swell the value of employee stock options to nearly $300 million—a windfall local tech experts expect will launch a wave of entrepreneurship over the next several years.
LOU’S VIEWS: In with the old as Conner Prairie adds to its offerings
At the living history museum, new activities are mixed with old favorites—including the grand game of Rounders
Construction
-Charles C Brandt Construction has completed a 15,000-square-foot demolition and renovation for Northern Indiana Public Service Co. at 150 W. Ohio St.
-Mattingly Construction was awarded and has begun construction of a 2,000-square-foot build-out for Dr. Pavel Svilenov and Promise Road Dental, 12574 Promise Creek Lane, Fishers.
-Charles C Brandt Construction has completed a 5,000-square-foot demolition and renovation for the CHUBB Group on the 26th floor of the One America Building at Ohio and Illinois streets.
People
Michael Cook has joined the local office of CBRE Group Inc. as a senior vice president with an emphasis on corporate services and advisory of multi-market industrial and manufacturing clients.
Former TV news king WRTV seeking comeback under new owner
WRTV-TV Channel 6 is making big changes, many tailored to capturing viewers through digital outlets, in an effort to stage a comeback after a two-decade slide.
Residential
The average rate for 30-year mortgages rose from 3.99 percent to 4.1 percent for the week ended June 5, according to Bankrate.com. The rate for 15-year mortgages rose from 3.21 percent to 3.28 percent.
Crew making quick progress on Citizens Energy sewage tunnel
The Deep Rock Tunnel is the largest public-works project in the city’s history, and Citizens customers are already paying for the first phase, which cost $444 million.