Articles

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.

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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.

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Toyota suspending production at two Indiana plants

Toyota is halting production at six North American car-assembly plants—including Indiana facilities in Princeton and
Lafayette—beginning the week of Feb. 1 to fix gas pedals that could stick and cause acceleration without warning.

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Trailer maker plans to add 100 jobs in Peru

Peru recreational vehicle maker Riverside Travel Trailer Inc. will expand its Miami County operations, creating 100 new jobs
by 2011, the Indiana Economic Development Corp. announced Wednesday morning.

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Cummins reports plunge in profit, revenue

Cummins Inc. said profit for its fiscal third quarter fell 59 percent and sales dropped by 31 percent compared to the same
period last year, though the company said its profitability and cash position improved from the second quarter.

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