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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Indiana Live to get federal hearing on tax matter
Shelbyville racetrack and casino could save millions if it successfully contests the way Indiana interprets state tax law.
Civic debuts to new but eager audience in Carmel
The not-for-profit musical theater company has grown its subscriber base and raised $2.6 million toward a $10 million goal, Executive Director Cheri Dick said.
Anderson’s GM culture, poor health blamed for high medical costs
Residents of the Anderson area—when they paid with health insurance provided by an employer—spent 76 percent more on health care in 2009 than the average American with employer health insurance, highest among all metropolitan areas in the nation.
ChaCha broadens business strategy
Mobile-phone-answers service ChaCha Search has dialed up its largest expansion yet—entering the United Kingdom and contracting with New York City’s “311” municipal information service.
Johnson County still dealing with 2008 flood
Johnson County officials have been working to buy about 40 flooded properties in an area a few miles west of Greenwood, so they can be demolished.
Former real estate exec to plead guilty to wire fraud
Kim Hutchinson, former treasurer of J. Greg Allen Builders and Princeton Homes, agreed to plead guilty to stealing $446,419. Her cooperation likely will result in a lighter sentence of 30 to 40 months.
Tax bills spur eBay listing for Anderson office buildings
Two investors stung by soaring property taxes have listed three Anderson office buildings on eBay in hopes of drumming up interest in the $4.5 million package deal.
Marsh plans to spend $60M to build and remodel stores
The Fishers-based supermarket chain is shifting into expansion mode with a mission to construct up to 10 new stores and revamp or rebuild several more over the next three years.
Lauth’s Eaglepoint fattens up on racing teams
David Powers Motorsports, John Force Racing, Don Prudhomme Racing and Vance & Hines together occupy roughly 320,000 square feet of space at the park.
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.
Defense contractor adding 60 jobs in Bloomington
Next Wave Systems LLC will add the jobs by 2014 as part of a $330,000 expansion at its Bloomington facility.
Economy still tough, but a few Hoosier industries on upswing
Two years into the economic recovery, bright spots in the Indiana job market are still hard to find. The insurance industry is one of the few glimmers of light on Indiana’s horizon. Others include engine makers, nursing homes and temp agencies.
Mobile video game trailer rolls into central Indiana
Startup Game Guru 2 U is providing entertainment for about 10 events a month, but hopes to triple its business.
Probe: Investment adviser Hauke masked huge loss
Fishers investment manager Keenan Hauke suffered massive losses in his hedge fund seven years ago. Then, rather than fess up, he generated fake account statements for clients that showed money they didn’t really have and returns they hadn’t earned, state investigators allege.
Crooked Stick golf pro hits links every day, rain or shine
Crooked Stick Golf Club pro Patrick White works 90 or more hours a week and loves every minute of it.
Racinos ask federal court to lower their tax liability
If Indiana Live and Hoosier Park prevail, the racetrack-casinos may cut they could cut their combined tax bill by $30 million a year.
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.
Private funds may kick-start rail-transit plan
An innovative private financing deal struck last year to expand Denver’s rail transit system could be used to expedite construction of the first line in central Indiana.
Colts to keep camp in Anderson for 5 more years
The Indianapolis Colts announced Tuesday they had agreed to a five-year deal that will keep training camp at the Division III school northeast of Indianapolis through 2016.