Delta Faucet yet to bounce back from housing crash
Employment has held up at the company's Indianapolis headquarters. But the work force at its Greensburg factory has been decimated.
Dan Human
Articles
New CEO of disability-services group to tackle red ink
Easter Seals Crossroads has promoted its No. 2 leader to take the top post—a challenging assignment at a time the organization is weathering annual deficits of almost $1 million and facing uncertainty over future government funding.
Ballard plans new redevelopment effort for Market Square site
Mayor Greg Ballard, in his annual State of the City speech scheduled for Friday, plans to call for new proposals for the downtown site that previously was home to Market Square Arena. The city expects the proposals to include a high-rise building with a major retail component.
Hurco sees smaller profit on drop in sales
Machine-tool manufacturer Hurco Cos. Inc. saw earnings drop 51 percent in its latest fiscal quarter on falling revenue, the Indianapolis-based company announced Wednesday.
Group eyes vacant Illinois Street building for charter school
An educational group is planning to spend about $4 million to renovate an Indianapolis warehouse to open its first charter school in what it hopes will become a statewide network.
Interim CEO leaving Indianapolis Symphony Orchestra
The interim president and CEO of the Indianapolis Symphony Orchestra plans to leave the organization when her permanent replacement takes over later this month.
Art museum cutting more than 20 employees
The museum said 19 full-time employees and two part-time employees will complete their employment Monday. Eight additional vacant positions will not be filled.
Power networker Murtlow to head United Way
Ann Murtlow has no experience running a not-for-profit. Yet she is charging into the top job at one of the city’s largest charitable groups. Murtlow “For a leader to be highly effective, it takes two common things: passion and discipline,” she said. And the people who hired Murtlow say her connections to the Indianapolis business […]
One gift boosted major donations in Indiana in 2012
An Indiana-born entrepreneur gave $125 million. Just five others gave $1 million or more.
Chrysler confirms state investment of $374 million
Chrysler Group LLC plans to invest a total $374 million and add 1,250 jobs in Kokomo and Tipton, the company confirmed Thursday.
United Way sees promise in new CEO’s connections
Ann Murtlow has no experience running a not-for-profit, yet she is charging into the top job at one of the city’s largest charitable groups. The people who hired the former Indianapolis Power & Light Co. CEO say her connections to the Indianapolis business community are a big plus in her new role at United Way of Central Indiana.
Ex-IPL chief Murtlow picked to lead United Way
Former Indianapolis Power & Light Co. CEO Ann Murtlow will take the helm of the United Way of Central Indiana on April 1, the organization announced Wednesday afternoon. She’ll be the first new chief at the local not-for-profit since 1998.
Factory workers struggling to bounce back
Thousands of Indiana’s rank-and-file factory workers have seen their earnings lose ground to that of white-collar workers. The gap has grown even as manufacturers expect their assembly-line workers to have more skills and more advanced education.
City reports rise in parking meter profit, revenue
Indianapolis estimates it earned about $1 million more from parking meters in 2012, with meter revenue almost doubling from the previous year, the Department of Public Works announced Thursday.
Cummins lowers previously reported earnings
Columbus-based diesel engine manufacturer Cummins Inc. lowered its previously reported quarterly profit by $12 million, or 3.1 percent, after discovering legal fees that the company initially missed.
Allison Transmission cuts 2013 sales outlook
Allison Transmission Inc. predicted 2013 sales declines after it closed 2012 with an inflated $514.2 million annual profit and a massive slide in sales for a key market during the fourth quarter.
Remy International reports $138M annual profit
A one-time tax benefit more than doubled Remy International Inc.’s annual profit to $138.6 million, the Pendleton-based manufacturer reported late Monday.
Purdue hopes huge donation first of many under Daniels
Purdue University has high hopes that former Gov. Mitch Daniels’ new role as president and donation pitchman eventually will help double charitable contributions to the school.
WFYI adds art show to television lineup
Indianapolis public broadcaster WFYI aims will expose its popular “The Art of the Matter” radio show to television audiences beginning Tuesday. WFYI is scheduled to produce 20 episodes of the weekly TV show during its pilot season.
Drywall contractor charged with underpaying employees
An Indianapolis drywall contractor faces criminal charges that he underpaid his employees working on a government housing project, and then falsified documents to cover it up, the Marion County Prosecutor’s Office announced Friday.