Gas grill maker to employ 300
HUNTINGTON — A Canadian company is locating its first U.S. grill production facility in Huntington.
Onward Manufacturing Co. says it plans to create 300 jobs by 2011. The company produces gas grills for retail sale and will invest several million dollars to upgrade an existing building that used to house a fireplace manufacturer. Onward has already started hiring personnel in Huntington.
More counties pool economic resources
LAFAYETTE — A nine-county region including communities such as Lafayette, Logansport and Crawfordsville has formed a regional economic development organization.
Lt. Gov. Becky Skillman announced the MidWest Indiana Economic Development organization at Ivy Tech Community College’s Lafayette campus. She says the counties will pool resources to better sell the region to growing companies.
Cummins’ quarterly profit declines
COLUMBUS — Columbus-based Cummins Inc. says third-quarter net income dropped 59 percent compared to a year ago.
The engine maker is reporting earnings of $95 million, or 48 cents per share, down from $229 million, or $1.17 per share. The third quarter results include $22 million of restructuring and other charges associated with the cost of job-reduction actions.
Lilly opens new facility in California
INDIANAPOLIS — Eli Lilly and Co. has announced the opening of a new biotechnology center in San Diego.
The Lilly Biotechnology Center-San Diego will serve as the work base for more than 100 scientists. The center will primarily focus on discovering, engineering and conducting clinical trials on potential biologic medicines.
The opening follows Lilly’s announcements that its ImClone research headquarters was being moved into a new biopharmaceutical research cluster in New York.
Leading index flat in September
BLOOMINGTON — The September Leading Index for Indiana (LII) was unchanged from August due to a slight dip in the auto sector.
Three of the five components that make up the LII edged up in September, but the auto sector decline resulted in the composite index remaining flat.
The Indiana Business Research Center at Indiana University’s Kelley School of Business says the stable LII in September and the recent announcement of new manufacturing jobs in Indiana present a mixed economic picture.
Old Carco returns $5.5m in bonds
TIPTON — Old Carco LLC, formerly know as Chrysler LLC, has returned $5.5 million in bonds to Tipton County related to the failed Getrag Transmission venture.
In exchange, Indiana Secretary of State Todd Rokita says his securities division has agreed to dismiss a violations complaint against the company. Tipton County issued the bonds to Chrysler to finance the transmission plant project. The joint venture with Getrag Transmission Manufacturing fell through after Chrysler revealed it could not make the necessary guarantees to allow the German company to secure funding.
Gerry Dick’s Inside Indiana Business briefs appear Wednesdays, Fridays and Sundays in The Herald Bulletin. For more on these stories and more Indiana business news, visit Insideindianabusiness.com.
Local Business
Oct. 31: Gerry Dick Business Items
- Local Business
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Anderson hires consultant to assess software
The city has hired a consultant to help the controller’s office assess financial software that Anderson has used for many years, but typically has not been effective.
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Bedbugs found at Indianapolis children's hospital
An infestation of bedbugs discovered in a room at the Riley Hospital for Children has been contained, a spokeswoman for the Indiana University Health said Monday.
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Emmett Dulaney: When Twitter backfires
Twitter, that innocuous social media tool that lets users send out 140 character snippets to their followers, is being used more and more as a marketing tool.
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Speedway will acquire 88 GasAmerica stores
Nine area GasAmerica stores will be sold to Speedway LLC of Enon, Ohio, as part of a larger acquisition of Gas America Services Inc., company officials said Monday.
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First Merchants says Shelbyville acquisition will aid bottom line
First Merchants Bank believes its weekend acquisition of a failing Shelbyville bank will immediately add to the financial institution’s bottom line.
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Retirement party Feb. 18 for Dr. William Anderson
A retirement party for William Stafford Anderson, M.D., will be held from 1 to 5 p.m. on Saturday, Feb. 18, at Community Hospital, Anderson, Conference Rooms 6 and 7.
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Local Facebook user organizes online rummage sale group
Accustomed to participating in a neighborhood rummage sale, Lori Baker Penticuff stockpiled all her gently used items that were no longer needed.
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John Williams: Valentine tip from Social Security
Valentine’s Day is a popular time of year for proclamations of love. Such displays of affection can be as simple and sweet as a heart with a “be mine” message, or as life altering as a vow before the altar.
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Got flowers for Valentine's Day?
If you’re a wife or girlfriend reading this story, avert your eyes. This one’s for the men in your life.
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Gerry Dick Business Briefs: Feb. 12
A compilation of business news items of local and statewide interest, provided by writer Gerry Dick.
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Anderson hires consultant to assess software
