Five Indiana counties form biz-development group
The newly formed Interstate 74 Business Corridor includes Shelby, Rush, Decatur, Ripley and Dearborn counties, as well as
the city of Batesville.
Other Counties
Articles
Cummins reports plunge in profit, revenue
Cummins Inc. said profit for its fiscal third quarter fell 59 percent and sales dropped by 31 percent compared to the same
period last year, though the company said its profitability and cash position improved from the second quarter.
Gas City dealer offers electric versions of Cadillacs, Hummers
Of all the inappropriate postmarks for the largest distributor of plug-in electric vehicles in Indiana,
Gas City, about an hour north of Indianapolis, takes the prize. But Steve Mitchell, proprietor of Electric Cars
and Carts, figures he’s in the right place as far as business prospects go. Despite a stalled economy, Mitchell’s
electric vehicle sales are up 35 percent over the same month last year.
Public transportation entities in Indianapolis region might be reorganized
The Central Indiana Regional Transportation Authority, IndyGo and other Indianapolis-area transit groups are the subject of
a study that could result in them being reorganized.
First Financial gets sweet deal on Irwin Financial’s bank assets
It’s good to be among the favored few, those blessed by the Federal Deposit Insurance Corp. to scoop up the remnants
of failed banks. Because it was on the FDIC list of approved buyers, Cincinnati-based First Financial Bancorp
was able to acquire Columbus, Ind.-based Irwin Financial Corp.’s banking operations under terms
that would make any deal-maker proud.
GM invests $364M, adding 230 jobs in Marion
General Motors Co. says it’s investing $364 million in its Marion Metal Center in Indiana and will employ about 230 workers
transferring from plants in Michigan and Ohio.
Bloomington mayor to roll out chain-store ordinance for downtown
Bloomington Mayor Mark Kruzan believes this beloved college town loses a bit of its identity every time a national chain sets up shop.
SEC fines former CFO of American Commercial Lines
Christopher A. Black, a former investment banker in Indianapolis and former chief financial officer of Jeffersonville-based
river barge transportation firm American Commercial Lines Inc., has agreed to pay a $25,000 fine to settle a Securities and
Exchange Commission investigation.
Tipton County approves perks for mystery company
A central Indiana county is trying to attract an unidentified renewable energy company to take over a sprawling factory that
a Chrysler supplier stopped building last year.
Brown County worried about impact of Opry’s loss
Business owners in southern Indiana’s Brown County are worried about a loss of visitors following the fire that destroyed
the Little Nashville Opry concert hall.
Irwin Financial admits outlook dire
Shares of Irwin Financial Corp. plummeted this morning after the banking company disclosed that regulators have ordered it
to bolster its capital by the end of the month to levels “it has no realistic prospect of achieving.”
Nucor Steel struggling to strike new power deal with Duke Energy
After two years of fruitless negotiations, the Crawfordsville steel mill has asked the Indiana Utility Regulatory Commission
to intervene. More than 700 jobs depend on Nucor and Duke striking a deal.
Delaware County joins Central Indiana Regional Transportation Authority
Delaware County’s representative on the CIRTA board will be Marta Moody, executive director of
the Delaware-Muncie Plan Commission.
Delaware County latest to join public-transportation group
Delaware County has become the 10th county to join the Central Indiana Regional Transportation Authority, the quasi-governmental
organization announced today.
Cummins moving some operations to Mexico
A filtration division of Columbus-based Cummins Inc. will move a large portion of its North American assembly operations to
a plant in Mexico to keep the business competitive, the company said today.
Beverage firm to open Columbus plant
Tipton Mills, a New York specialty beverage company, announced today it will locate a plant in Columbus, Ind., creating
more than 40 jobs.
Rushville broadband firm plans 100 jobs
Rushville-based Omnicity Corp. said this morning that it plans to create 100 jobs there within the next three years by investing
$2.5 million in wireless infrastructure and a new corporate headquarters.
Carbon Motors files for $310 million loan
Carbon Motors yesterday filed for a $310 million federal loan to help it begin producing high-tech police cars in Connersville.
Muncie manufacturer Duffy calling it quits
Duffy Tool & Stamping LLC in Muncie has notified the Indiana Department of Workforce Development
that the company will close its plant by the end of October. Roughly 130 workers will lose their jobs as a result
of the closure, Duffy said in its July 27 filing.
UPDATE: Carbon Motors chooses Indiana
Carbon Motors this morning officially selected Connersville for its proposed headquarters and
manufacturing operations.