Ricks: Indiana Focus Needed on New Economy

Eli Lilly and Co. (NYSE: LLY) Chief Executive Officer Dave Ricks says while Indiana has built a low tax, business friendly environment that is attractive, there needs to be a focus on non-traditional factors if the state is going to be successful in the new economy. ... Read More

Launch Terre Haute Seeking ‘Launch P@d’ Partner

Launch Terre Haute is looking for a new partner for its Launch P@d initiative. The program provides business mentoring services and a retail location at a discounted rental rate to a new business that wins a pitch competition hosted by the coworking space.... Read More

Cleveland-Cliffs Reaches Settlement Over Discharge

Ohio-based Cleveland-Cliffs Inc. (Nasdaq: CLF) has reached a consent decree regarding a chemical discharge from the Burns Harbor Works steel mill in 2019. Our partners at The Times of Northwest Indiana report the steelmaker has agreed to pay a $3 million fine, fix equipment and donate land to the Indiana Dunes National Park.... Read More

Allegion to Acquire Stanley Access Technologies

Ireland-based Allegion plc (NYSE: ALLE), which has its Americas regional headquarters in Carmel, has announced plans to acquire Stanley Access Technologies LLC in a cash deal valued at $900 million. Access Technologies is the automatic entrance solutions business of of Stanley Black & Decker Inc. (NYSE: SWK), headquartered in Connecticut.... Read More

International School to Celebrate New Building

The International School of Indiana will Saturday celebrate the completion of the $13.5 million Chen Family Lower School building in Indianapolis. The school is the result of capital campaign to create a unified campus on the city's northwest side.... Read More

Indy IT Company Acquired

Indianapolis-based IT integration company is under new ownership. Cyberian Technologies, which provides custom IT, cloud, consulting and security services, has been acquired by Houston-based IT firm, Meriplex, though financial terms were not disclosed.... Read More

Cummins Planning Filtration Business Spin-Off

Columbus-based Cummins Inc. (NYSE: CMI) is looking to spin off its filtration business into its own publicly-held company. The manufacturer says it has confidentially filed for a proposed Initial Public Offering for the business with the U.S. Securities and Exchange Commission.... Read More