Cummins to sell light-duty filtration business
Engine-maker Cummins Inc. said Thursday that it will sell its light-duty filtration operations to Industrial Opportunity Partners LLC, a private equity firm run by one of its executives.
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Articles
Ball State geothermal plant powers economic engine
Ball State University leaders hope the school’s $87 million geothermal plant paves the way for others like it—as an economic-development opportunity as much as an environmental effort.
Veteran banker Alley found Integra too sick to save
With reluctance, Mike Alley, a veteran Indianapolis banker, joined the board of Evansville-based Integra Bank in April 2009. A month later, he found himself CEO—the beginning of a 26-month odyssey that ended July 29 with banking regulators seizing and shutting down the 160-year-old institution.
Firm makes splash retrieving golf balls
Mark Schmitt, president of Rawhide Golf Ball Co., runs a business that recovers dimpled pills from golf course water hazards, buffs them up, and resells them. (With photo gallery)
Chinese firm aims to hire thousands at Indiana facility
A Chinese entrepreneur intends to open his first U.S. tire-recycling facility in Indiana. Good Time Technology Development is considering vacant industrial sites in Connersville, Kokomo and Muncie.
Mine operator to expand Gibson County operation
The new operation should be running in 2014 and will produce up to 3.3 million tons of coal a year. The mine is expected to employ 310 miners when it opens.
Cummins profit soars on increased sales
Cummins Inc.'s second-quarter profit more than doubled on a steep increase in sales and a gain on the sale of its exhaust business, the Columbus, Ind.-based engine maker said Tuesday.
Manufacturer plans 400 jobs in Allen County
Iowa-based R3 Composites Corp. plans to establish a manufacturing center in the northeast Indiana town of Grabill, creating as many as 400 jobs by 2014.
Grant to fund economic reports for Wabash County
Manchester College students and two recent graduates will create economic reports designed to help northern Indiana's Wabash County attract new business and industry.
Panel named to search for new Purdue president
The committee announced Thursday will be looking to replace Purdue President France Cordova, who said last week she would step down next summer when her contract expires.
Matriarch’s work ethic inspires Holiday World staff
Pat Koch, whose official title at her family-owned Holiday World theme park is director of values, sets a high bar for hard work and dedication.
Rural broadband provider Omnicity racks up legal bills tied to acquisitions
The latest of at least five suits filed since early last year involves Columbus, Ohio-based SZD Whiteboard, a consulting firm the company used to identify acquisition targets.
Purdue president to step down next summer
Purdue University President France Cordova says she'll step down when her contract expires in 2012. She succeeded Martin Jischke at the helm of the public university in 2007.
Future uncertain for occupant of Marion factory
The TriEnda facility opened in late 2008 in part of Marion's closed 1 million-square-foot Thomson television picture tube plant.
Q&A
Jim Alender has been CEO of Howard Regional Health System in Kokomo since 1997. He recently negotiated a letter of intent to merge the hospital with Indianapolis-based Indiana University Health. He spoke about the major factors that led to that decision, and the benefits he hopes to come from it. The deal, which still requires approval from Howard County officials, could close before the end of this year.
Lafayette, Logansport groups want China trade
Greater Lafayette Commerce and the Logansport-Cass County Economic Development Foundation will work with Purdue University to develop strategic plans designed to expand trade and investment with China.
Solar power company moving headquarters to Portage
Fronius USA will relocate to Portage, where it plans to lease 400,000 square feet of manufacturing space and create up to 512 jobs by 2016.
Berry Plastics adding 120 jobs in Evansville
Berry Plastics Corp. plans to add 120 office jobs at its Evansville headquarters as it consolidates operations there.
Congressmen back Carbon Motors’ loan request
Most of Indiana's congressional delegation is supporting an Indiana company's request for a federal loan they say would help create perhaps 1,500 jobs building high-tech police vehicles in Connersville.
Troubled economy fueling hospital deals
Battered by stagnant population growth and blue-collar job loss, Howard Regional Health is merging with Indiana University Health—a deal that reflects the challenges faced by hospitals in Indiana’s outlying cities.