Cummins sells exhaust business to Global Tube
Cummins Inc. will sell its exhaust business, which includes several plants in Wisconsin, to Global Tube, a portfolio company of the Chicago-based private equity firm Wind Point Partners.
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Life sciences to drive Purdue’s next decade of building
Over the past 10 years, Purdue University has built Discovery Park into a thriving research and business incubation center, launching more than 30 companies and hosting dozens more. Now Purdue will spend more than $164 million to construct a Life and Health Sciences Quadrangle next to Discovery Park.
Steel Dynamics profit drops, but outlook brightens
Fort Wayne-based Steel Dynamics' fourth-quarter profit tumbled 71 percent, but shares rose Monday after the company predicted that the economic recovery would fuel greater industrial demand.
Purdue planning new campus residence hall
Purdue University officials are pushing ahead with plans for a new campus residence hall that would house between 200 and 300 students and include a cafe and retail space.
Aircraft maintenance firm plans Grissom site, 200 jobs
Officials of Texas-based Dean Baldwin Painting signed a 29-year lease deal last week with Miami County officials for hangar space in the Grissom Aeroplex near the city of Peru.
Kokomo plant closure affects 75 workers
Kansas City-based Milbank Manufacturing Co. said it will close its Howard County plant sometime between March 8 and March 22. Milbank makes electric meter sockets.
Marsh in Shelbyville among latest stores to close
The supermarket chain has closed a store in Rushville and will shut others in Shelbyville and Connersville by the end of February. The closures will leave Marsh with 97 stores, about half of which are in Indianapolis.
Latest iPhone app: Baby EKG
Mobile medicine has arrived. Decatur County Memorial Hospital in Greensburg became the first hospital in Indiana to start using AirStrip OB, a patient-monitoring system that sends things like the heartbeat waves of patients directly to physicians’ iPhones, BlackBerrys or other mobile devices.
Old National Bancorp completes Monroe Bancorp buyout
Evansville-based Old National Bancorp on Monday said it completed its previously announced takeover of Monroe Bancorp of Bloomington, a deal worth about $90.1 million.
Muncie locomotive plant looking for new hires
A division of Caterpillar that plans to employ 650 people at a diesel-electric railroad locomotive plant in Muncie is looking for workers.
Southern Indiana ethanol plant starts after long halt on work
Aventine Renewable Energy is ramping up production at an ethanol plant in southwestern Indiana that is now operating after construction work was halted for more than a year.
Ivy Tech gaining closed Indiana State Police post
Ivy Tech officials say the state is in the final steps of transferring the Terre Haute property’s title to the statewide college system. The no-cost transaction is expected to be completed after Jan. 1.
Group questions growth of pharmacy schools
Two weeks before Manchester College announced a $35 million gift to help open a pharmacy school, a national trade group suggested there are too many pharmacy schools already.
Sound Mind launches its third mutual fund
The Securities and Exchange Commission on Thursday approved the Sound Mind Balanced Fund, a Columbus, Ind.-based mutual fund that aims to cater to conservative investors.
Ivy Tech poised to take over Kokomo event center
Ivy Tech Community College is planning to take over a Kokomo event center and possibly use the site for future expansion of its neighboring campus.
Zimmer looks to China to reignite growth
Zimmer Holdings Inc. completed an acquisition in China on Tuesday, but recession hangovers in the United States and Europe are trumping all other factors and keeping the company’s growth bottled up for now.
Parts supplier NTN adding 115 jobs at Columbus plant
The Columbus-based company says the added work comes as sales have gone up for models it supplies. Ford, Toyota and Honda are NTN's three primary customers.
Wayne County couple gives millions to area charities
Marlowe and Patricia Kluter of Richmond designated 13 churches, schools and charities to share more than $6 million from their estate.
IU locating art and design center in Columbus
IU President Michael McRobbie says the school wanted to locate the center in Columbus to take advantage of the Indiana city's unique architecture and commitment to the arts.
Lilly Endowment awards Purdue center $6.3M
A Purdue University-based institute that aids military families whose lives have been disrupted by a relative's deployment overseas has won a $6.3 million grant from the Lilly Endowment to boost its mission.