Profit, revenue up for Cummins in latest quarter
Cummins Inc. said Monday that second-quarter profit jumped 7.7 percent on strong sales in North America. The results exceeded analyst expectations.
Regional News
Articles
Square Donuts signs lease in Carmel
Indianapolis’ Square Donuts franchise is growing, with plans to open a Carmel location within weeks. Plus: McDonald’s eyes The Bridges.
Sheridan OKs rezoning to recruit growing business
A divided Sheridan Town Council agreed Thursday to rezone about 50 acres of land along State Road 47 to allow for industrial uses—clearing the way for a multimillion-dollar business expansion.
Carmel budget hawks want harder line on deals with developers
The Carmel Redevelopment Commission’s 2014 revenue is estimated to exceed expenses by less than $100,000—a narrow margin for an agency with annual debt payments totaling $17.5 million.
Indiana Limestone Co. digs out of deep hole
In February, Indiana Limestone Co. filed for bankruptcy. But two months later, Chicago-based Wynnchurch Capital Ltd. bought the quarry company out of bankruptcy. ILC is now digging out and looking at a brighter horizon.
Blood tests for DWI cases costing Hancock County
In drunken-driving cases, the same tests prosecutors say have become necessary to successfully convict are also draining an important county budget.
Roundup: Aurelio’s Pizza, ice cream ’emporium’ and Dottie Couture in Fishers
Chicagoland favorite Aurelio’s Pizza is extending its reach into central Indiana, with plans for a restaurant in Fishers. Plus: ice cream, sushi, and more Dottie Couture.
Fishers conference center property owner files bankruptcy
Fishers Banquet & Conference Center’s owners insist business is booming despite a recent bankruptcy filing by the entity that owns the property at 9779 North by Northeast Blvd.
Byrd’s flying north to renovated Fountains facility
The Carmel banquet center formerly known as The Fountains is being remodeled to accommodate new tenant Jonathan Byrd’s Catering.
Developer seeks $11.5M subsidy for Carmel project
Edward Rose Development Group is asking the city to issue tax-increment financing bonds to help pay for a parking garage and infrastructure in an $80 million project it’s planning.
Clock ticks on Wigwam’s fate
Anderson officials say the city will take ownership of the iconic gym, but only if it has a binding agreement by Sept. 2 with a group to reopen the Wigwam.
Spec distribution center fully leased in Anson
A joint venture between developers Browning Investments Inc. and Duke Realty Corp. announced July 15 that Chattanoogo Tenn.-based Kenco, a third-party logistics provider, has taken the remaining 257,000 square feet.
Hospitals’ occupancy declining over long term
Advances in non-invasive surgeries, changes in health care financing and now increasingly price-sensitive patients accelerate what has been a 40-year decline in the number of patients spending the night in hospitals.
Report: Carmel panel may face TIF shortfall but can pay debts
New financial projections suggest the Carmel Redevelopment Commission will have enough annual revenue to pay its debts for the next 15 years before dipping into reserves. But property taxes from the city’s two-dozen TIF districts could fall more than $1 million short as soon as next year.
Indy home sales likely slowing to ‘new normal’
Home-sale agreements tumbled 14.9 percent in the nine-county Indianapolis area in June, the tenth straight month deals have decreased, according to F.C. Tucker Co.
Noblesville OKs apartments despite concerns
Noblesville Common Council signed off Tuesday on three apartment projects that will add almost 850 units to the city’s housing inventory, then agreed to talk about when to say when.
GM planning $27M investment in Bedford plant
The automaker filed a tax abatement request for the Bedford factory project, saying it would add about 40 jobs and raise the plant’s employment to some 650 workers.
Tower maker gets OK for factory, plans to hire 600
Nello Corp., a South Bend firm that manufactures steel towers, plans to sink about $60 million into the project.
Westfield council will wait to decide on landmark towers
Westfield City Council is delaying a decision on a $3 million plan to erect two concrete-and-steel towers at a prominent U.S. 31 intersection.
Carmel cancels pharmaceutical firm’s tax break
Carmel City Council voted 6-0 Monday to terminate a tax abatement for Pharmakon LTC Pharmacy, which relocated its drug-repackaging operation to Noblesville last year.