Stonegate Mortgage to be Acquired
Indianapolis-based Stonegate Mortgage (NYSE: SGM) will soon have a new owner. Michigan-based Home Point Financial Corp. has announced plans to acquire Stonegate in a $211 million cash transaction, ...... Read More
Alex Brown
Radius Looks to Windy City For Business
Representatives from Bedford-based Radius Indiana have begun meetings in Chicago in an effort to drive new economic development to the region. The organization says this is the first of several out...... Read More
Rolls-Royce Scores Military Contract Boost
The U.S. Department of Defense has awarded a major contract boost to Rolls-Royce Corp. in Indianapolis. The more than $73 million order calls for sustainment work on the C-130J aircraft for the U.S...... Read More
Ivy Tech, USI Launch Reverse Transfer Program
The University of Southern Indiana is the latest institution to establish a reverse transfer agreement with Ivy Tech Community College. It allows students who have transferred to USI after...... Read More
First Merchants Touts Record Year
Muncie-based First Merchants Corp. (Nasdaq: FRME) is reporting record full-year net income of $81.1 million in 2016, up from $65.4 million the previous year. Chief Executive Officer Michael Rechin...... Read More
Purdue Hyperloop Team Heads to Pod Competition
A team of Purdue University students is heading to California this weekend to complete in the SpaceX Hyperloop Pod Competition. The team will compete against 30 others to demonstrate its Hyperloop ...... Read More
Acquisitions Drive Record Year For Horizon
Michigan City-based Horizon Bancorp (Nasdaq: HBNC) is reporting full-year net income of $23.9 million in 2016, up from $20.4 million the previous year. Chief Executive Officer Craig Dwight says the...... Read More
Newspaper Moving Printing Operations
The Evansville Courier & Press has announced plans to cease printing operations in the Vanderburgh County city. The publication reports employees were informed Wednesday that the move, which will t...... Read More
hhgregg Loss Deepens
Indianapolis-based hhgregg Inc. (NYSE: HGG) is reporting a fiscal third quarter net loss of $58.3 million, compared to a loss of $26.9 million during the same period the previous year. Chief Execut...... Read More
Road Funding Bill Passes Committee
The House Roads and Transportation Committee has approved a long-term infrastructure spending proposal. House Bill 1002 calls for an immediate 10-cent increase in the gas tax, as part of a package...... Read More