Cummins profit jumps on demand from emerging markets
The Columbus-based engine maker sees sales increase in developing countries such as China, India and Brazil.
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Old National improves first-quarter performance
Evansville-based Old National Bancorp on Monday reported a first-quarter profit of $10.1 million, up
84 percent from the prior-year period and a big improvement from the fourth quarter of 2009, when the company posted a loss
of $9.3 million.
Ivy Tech to offer classes in Avon shopping mall
The town will spend $250,000 to turn a vacant 15,000 square foot space in the Beechwood Centre into 12 classrooms and a computer
lab.
Franklin residents still struggle with solution for flooded land
Crews will begin in late April demolishing the first of 74 homes south of downtown Franklin damaged by massive flooding in
June 2008. Officials still haven’t decided how to reuse the land, and residents are torn.
Anderson tech firm One Number files patent suit against Google
An Anderson firm that provides a “one number” service that rings all of a client’s phones has filed suit
against Web giant Google, alleging Google Voice infringes on two of its patents.
Tipton County works on deal to fill empty Getrag factory
A central Indiana county is nearing approval of more than $13 million in incentives in hopes of attracting a company to take
over a sprawling factory that a Chrysler supplier stopped building in 2008.
Carmel City Center gaining momentum
Thirteen years after Mayor Jim Brainard first described his vision for a new downtown along Range Line Road, Carmel City Center
is starting to look like a city.
Health care tech firm Gemms adding 69 jobs
Carmel-based electronic medical records developer Gemms Inc. plans to invest $2.1 million to expand its headquarters and software
development operations here, more than doubling its staff in the next five years.
Marsh renews effort to sublease headquarters
Most of the 148,000-square-foot building just north and east of the 96th Street/Interstate 69 interchange is empty.
Arts Commission to share duties with regional groups
The Indiana Arts Commission revamped the way it allocates money out of concern about future state budget cuts, which would
further reduce grants available to arts organizations.
MZD lands tourism account for Hendricks County
Seventeen agencies submitted proposals for the account.
Hendricks County scales back hospitality plan
The convention bureau has shelved its plan to attract a full-service hotel and instead will boost spending on tourism marketing.
Expansion set for Camp Atterbury training site
The proposed plan will expand the Indiana National Guard's Camp Atterbury, bring economic development to south-central
Indiana, and open a new fish and wildlife area in Putnam County in western Indiana.
Carbon Motors’ prototype cop car is crammed with technology
The specialized vehicle can read license plates, sniff for weapons of mass destruction and see people and animals in
the dark.
Judge OKs sale of cemetery, funeral home company
Pennsylvania company is one step closer to purchasing the Indianapolis-based Memory Gardens Management Corp., whose former
owner pleaded guilty to theft and securities fraud.
Indiana Design Center lines up tenants
The $25 million project, which is the cornerstone of Carmel’s Arts & Design District, has signed 11 interior design-related tenants
and a restaurant.
AIG’s American General unit said to be seeking $3B term loan
Bank of America Corp. is arranging a five-year loan that will be sold at a discount of 98 cents to 98.5 cents on the dollar,
according to a source who declined to be identified because the discussions are private.
Noblesville company has high hopes for pomegranate
Verdure Sciences, a botanical-extract distributor, has invested more than $1 million in marketing and research,
and hopes to see its product in more
foods and drinks, perhaps even mouthwash.
$15M loan brings EnerDel closer to launching production
The locally based battery maker serves as collateral on the financing lined up by its New York-based parent, Ener1.
Dawn Food closing 160-worker bakery in Crown Point
Dawn Food Products Inc. says the northwest Indiana bakery will close in phases until being shut down by the end of August.
The Jackson, Mich.-based company says it decided to close the bakery to increase efficiency and that it would expand operations
elsewhere.