Old National to close nine branches in Indianapolis area
Evansville-based Old National Bank will close nine Indianapolis-area branches near the end of the year and consolidate them into nearby branches in a move to streamline its operations.
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Hamilton County hotels report stronger occupancy
Helped in part by the Super Bowl, the county’s occupancy rate increased 8.4 percent, to 63 percent, compared with the first six months of 2011, according to a report by Tennessee-based Smith Travel Research.
New student-loan effort adding to ITT backlash
For-profit school operator ITT Educational Services Inc. told investors late last month that it had worked out a tentative deal with an outside party that would provide $100 million in loans to its students.
Extra money for Carmel arts groups on hold
Carmel Mayor James Brainard's request for an additional $1.36 million in arts funding is lingering in a city council committee.
Carmel looks at $195 million refinancing package
The Carmel City Council will consider backing a $195 million debt re-issue, which would free up millions of dollars for further development of the massive City Center project.
Caterpillar laying off 167 workers in Lafayette
Caterpillar Inc. says it's laying off nearly 170 workers at its Lafayette Large Engine Center in response to a drop in demand.
Biz interests shy from gubernatorial hopeful Gregg
Technically, the Indiana governor’s race is wide open, but some deep-pocketed donors see Democrat John Gregg as a long shot. Gregg tripled his fundraising pace in the second quarter, but much of that was fueled by unions, rather than business groups and executives who’ve supported Democrats in the past.
Anderson using Colts training camp in year-round tourism effort
With a new Indianapolis Colts coach and quarterback on the field, Anderson officials expect to see an increase in training camp attendance this season that will help boost tourism in Madison County all year.
Cummins tops expectations despite lower profit, sales
Engine manufacturer Cummins Inc. on Tuesday reported lower profit and revenue in the second quarter, but the results exceeded Wall Street expectations.
Sallie Mae plans to add 200 jobs in Muncie
The jobs are part of a $5 million expansion in which the company will add 20,200 square feet of space to its offices in Muncie. When finished next summer, the 75,000-square-foot facility will house 900 employees.
Firm gives college kids the opportunity to run a painting business
Student Development Co. helps college students run Textbook Painting businesses, to learn the ins and outs of entrepreneurship. Thirty students in seven states are participating this summer, including 10 student entrepreneurs in Indiana.
Water utility exploring drastic options to satisfy long-term demand
Citizens Water engineers are considering various methods, both short-term and long-term, to meet increasing demand on the water supply of Indiana’s largest metro area, which might need 50 million gallons more water per day as early as five years from now.
Mega-warehouse technology subject of Aug. 1 expo
The Indy Warehouse Automation Expo will showcase new generation of scanners, cameras and radio frequency ID technology.
Auto parts manufacturer plans 325 jobs in Anderson
Automobile parts supplier Greenville Technology Inc. plans to open a $21.4 million plant in Anderson, creating 325 jobs by 2016, economic development officials announced Tuesday morning.
Positron moving $65M project from Noblesville to Gary
A troubled central Indiana nuclear medicine company is dropping plans to build a multimillion-dollar facility in Noblesville after reaching a better deal with the city of Gary.
Report: Purdue ex-president Cordova to get $500K bonus
Former Purdue University President France Cordova is getting nearly $500,000 and reaping other financial benefits under a separation agreement approved by the school's board of trustees.
Mudathlon makes a splash as obstacle course races grow
A 3-year-old Westfield has taken advantage of the adventure-race trend by staging Mudathlons–obstacle courses conducted in the mud. More than 12,000 people were expected to participate in Mudathlon’s four races this summer, up from about 2,000 at the company’s first two races in 2010.
Six banks that owe Treasury walk TARP tightrope
Six of the 17 Indiana banks that relied on the federal government to shore up their balance sheets in the recession have yet to repay, and the U.S. Treasury isn’t going to wait forever.
Chrysler seeks $2.5M utility deposit from Duke Energy Indiana
The automaker is asking the Indiana Utility Regulatory Commission to look into its dispute with Duke Energy—and order the utility to return a deposit it required to keep the power on at Chrysler's Kokomo plants.
Manufacturer growing Shelby County plant
California-based manufacturer DrillingWorld plans to expand its operations in Shelbyville, adding as many as 30 jobs by 2015.