Purdue expands partnerships with Chinese schools
Purdue President France Cordova arrived Tuesday in Beijing for four days of meetings with officials from Tsinghua University
and China Agricultural University.
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Two Indiana hospitals repay feds over $1M each
Ball Memorial Hospital in Muncie and Bloomington Hospital were among nine U.S. hospitals that had been charged with submitting
false claims to the Medicare program.
Bioanalytical Systems reports loss in second quarter
Bioanalytical Systems Inc. narrowed its losses in the second fiscal quarter despite a 2 percent drop in revenue, the West
Lafayette-based contract research firm said late last week.
Work on northern Indiana hospital could start June 1
Community Health Systems plans to build a five-story, 250-bed hospital at the corner of U.S. 6 and Indiana 49 in Vaparaiso.
Construction is expected to cost about $225 million.
Dalai Lama’s Indiana visit brings economic impact
Bloomington visitors bureau director Mike McAfee says each visitor will spend an estimated $175 a day during the Buddhist
leader's sixth visit to Indiana.
Group prepares to take over Indiana chemical depot
A local group expects to take control of the Army's Newport Chemical Depot by the end of this year and plans improvements
to help attract businesses to the western Indiana site.
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.
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.
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.
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.
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.
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.
Marion mayor making China trip for business deal
Marion Mayor Wayne Seybold told the City Council on Tuesday that he and the city's development director would be traveling
to China with plans to complete a deal bringing a furniture maker to the city.
Heralded BioTown project a shadow of its goal
The tiny town of Reynolds had big plans when Gov. Mitch Daniels touted it in 2005 as the location of BioTown USA, the state's
first project to make a community produce enough energy to become self-sufficient.
Edy’s ice cream plant to expand its work force
Edy's Grand Ice Cream expects to fill 120 full-time production positions — paying about $13 an hour — at its
Fort Wayne plant in the next three months because of demand for its popular Nestle Drumsticks.
Tokusen USA planning 135 jobs at new Scottsburg plant
Arkansas wire-maker Tokusen USA Inc. plans to establish a manufacturing plant in Scottsburg, state economic development officials
said Wednesday, touting the nearly 135 jobs expected over the next two years.
Cummins cuts CEO’s pay by nearly one-quarter
Columbus-based engine maker Cummins trimmed Solso’s total compensation by $2.3 million last year; remainder of management
team took
similar pay cuts.
Cummins expects profit to grow 10 percent a year
Columbus-based Cummins Inc., North America’s largest maker of heavy-duty diesel truck engines, expects pretax profit
to increase 10 percent a year and sales to grow 13 percent annually over the next five years.
Ford supplier Lear to add 200-plus jobs in Hammond
Michigan-based auto components maker Lear Operations Corp. plans to invest more than $2.2 million to expand and upgrade its
manufacturing facility in Hammond, adding more than 285 jobs this year.
IU names basketball center after billionaire Cooks
Indiana University's new basketball training complex will be named after billionaire entrepreneur Bill Cook and his wife.
IU athletic director Fred Glass says the Cooks gave $15 million—the single largest gift in IU athletics history—toward
the nearly $20 million basketball training center.