Cummins posts strong 4Q results to boost slower year
The Columbus-based engine maker recorded a 7-percent increase in profit, but full results for 2013 lagged behind 2012.
IBJ Staff
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Auto supplier plans 220-worker plant in Indiana
Switzerland-based Autoneum Holding AG said it will lease 300,000 square feet on a 23-acre site at the River Ridge Commerce Center in Jeffersonville.
Purdue, Cook create $12M fund for life-science startups
The Foundry Investment Fund will join with other investors to provide funding for companies that use Purdue-licensed technology or expertise in human and animal health and plant sciences.
Indy political, business leader Beurt SerVaas dies at 94
SerVaas was elected to the City-County Council in 1962 and served for more than 40 years, including 27 as council president. He was one of the architects of Unigov, the consolidated city-county government plan credited with revitalizing Indianapolis.
Longtime Simon Property CFO stepping down
Stephen Sterrett joined the predecessor to Simon Property Group Inc. in 1989, before the retailing giant went public in 1993 and eventually became the world’s largest mall developer.
Hendricks County man sentenced for Ponzi scheme
A Brownsburg businessman will serve two years in prison and 14 years on probation for his role in stealing $1.5 million from 24 investors in Johnson and Hendricks Counties, as well as Colorado.
EDITORIAL: Commuter tax needs fences
Indy Chamber might incite a little road rage by proposing a commuter tax that would allow Indianapolis to collect revenue from those who work in the city but live outside county lines.
PROXY CORNER: Hurco Cos. Inc.
Indianapolis-based Hurco Cos. Inc. designs and produces interactive computer controls for the metal cutting and metal forming industry.
Duke Realty reports strong quarterly, annual results
The Indianapolis-based real estate developer said it earned a profit in both the fourth quarter and entire year after reporting losses in 2012.
State unemployment rate shrinks to 6.9 percent
The improvement came despite a small decline in private-sector employment of 4,800 jobs during the month.
Cold prompts shutdown of local government Tuesday
Indianapolis Mayor Greg Ballard said City-County government will be closed Tuesday due to the forecast of “dangerously cold temperatures.” He also imposed a two-hour delay for local government on Wednesday.
Former Indy Chamber leader joins Hagerman
Scott Miller, who stepped down May 31 as president of the Indy Chamber, has been hired as president of The Hagerman Group, one of the state’s largest construction contractors.
NFP of NOTE: Concord Neighborhood Center
Concord Neighborhood Center offers a variety of educational, health, social and recreational activities to neighborhood residents of all ages and collaborates with other agencies to provide special services for the community.
BidPal pushing beyond mobile bidding
The company’s new fundraising suite offers an array of services not-for-profits can use throughout the year, versus the one-time event help BidPal began offering in 2008.
Westfield center brings nearly $3.6M
Marcus & Millichap listed the property at 701 E. Main St., which brought nearly $3.6 million, or 95 percent of the asking price.
Ballard, Curry split on gun-violence bill
Marion County Prosecutor Terry Curry opposes a measure that would create a 20-year mandatory minimum sentence for crimes committed with a firearm. Mayor Greg Ballard and his public safety director support it.
Upstate bank expands central Indiana presence
Warsaw-based Lake City Bank has opened a 3,700-square-foot branch on the northeast corner of State Road 37 and 131st Street.