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.
Cummins Inc.’s stock jumped more than 6 percent in morning trading after its quarterly results
beat analyst estimates.
Baldwin & Lyons Inc. said today that its profit last quarter was the second-highest in company
history, as investment gains from recovering equity markets helped boost performance.
Indianapolis-based Duke Realty Corp. late yesterday posted a 32-percent drop in its second-quarter funds from operations, a key performance measure for real estate investment trusts. The office, industrial and health care developer reported FFO of $61.6 million, or 29 cents per share, compared with $91.1 million, or 59 cents a share, from the same time […]
Cummins Inc. today reported dramatically lower revenue and profit in the second quarter compared to the same period a year ago. Quarterly revenue at the Columbus-based engine maker fell 37 percent, from $3.9 billion a year ago to $2.4 billion this year. Profit was $56 million, or 28 cents a share, down from $293 million, […]
Indianapolis-based Finish Line Inc. has signed a multi-year agreement to extend its title sponsorship
of the 500 Festival’s 5K race held each May, officials announced today.
Carbon Motors this morning officially selected Connersville for its proposed headquarters and manufacturing operations.
Carbon Motors this morning officially selected Connersville for its proposed headquarters and
manufacturing operations.
Gov. Mitch Daniels is going to China. This afternoon, Daniels announced he’ll lead his first-ever trade delegation to the Asian nation. He’ll be joined on the Sept.5-16 trip by Hoosier business leaders and Indiana Secretary of Commerce Mitch Roob. An Indiana governor hasn’t visited China in more than a decade. Daniels will visit Shanghai as […]
Stant Corp., a 111-year-old manufacturing firm based in Connersville, filed for Chapter 11 bankruptcy protection yesterday, according to Bloomberg News. Stant, the world’s top maker of automotive fuel, oil and radiator caps, was one of Indiana’s 20 largest public companies in the mid-1990s, with annual sales exceeding $600 million, before it was acquired by United […]
Jasper-based German American Bancorp this morning reported second quarter profit of $2.8 million on $19.7 million in revenue. That compares to a profit of $3.1 million on $21.3 million in revenue during the same period a year ago. German American Bancorp CEO Mark Schroeder attributed most of the decline in profit to increased deposit insurance […]
Rieter Automotive North America Inc. plans to close its manufacturing plant in Lowell by the end of the year, leaving 130 employees jobless. The Farmington Hills, Mich.-based company informed the Indiana Department of Workforce Development on July 23 of its intentions to close the factory in Lake County in northwest Indiana. Rieter Automotive, a subsidiary […]
Cost management was the operative phrase in the introduction this month of a highway executive to manage the Interstate
69 extension to Evansville.
Hotel sales and marketing executive Michelle Travis is joining the Indianapolis Convention & Visitors Association
as vice president of sales.
The owner of the popular Broad Ripple Italian restaurant Ambrosia plans to open a location downtown on the first floor of the Hampton Inn along Maryland Street.
Second Helpings has moved its fundraiser to its near east-side food pantry and slashed prices in recognition of the economic
climate.
A growing number of Indianapolis residents are making the most of their public library system. The Indianapolis-Marion
County Public Library system says it’s on pace for a record year in terms of use by patrons and items circulated.
Indianapolis-based White River Capital Inc. has quietly called off its merger with Itasca, Ill.-based
First Chicago Bancorp.
Even after a string of acquisitions, Dow AgroSciences is a bit player in the seed business. But the new genetically
modified corn it developed with St. Louis-based giant Monsanto Co. finally provides the breakthrough product that could grow
its seed sales substantially.
A referendum this fall on Wishard Health Services’ plans to build a $754 million hospital will tell a lot about the
mood—and savvy—of Marion County voters. In this economy, and with government at all levels strapped
for cash, the knee-jerk reaction might be to reject such a proposal.
