Groundbreaking set for Marion’s River Rock Lofts

Officials in Marion will break ground Tuesday on a $10.8 million mixed-use development in the city’s downtown riverfront district. River Rock Lofts will feature 44 apartments, 3,300 square feet of commercial space, and a public plaza for community events.... Read More

U.S. extends deadline on Nippon’s bid for U.S. Steel

The bid by Japan's Nippon Steel to buy U.S. Steel may have a new lease on life after the Biden Administration extended a deadline for the Japanese steelmaker to abandon plans to acquire the storied Pittsburgh company after President Joe Biden blocked the deal.... Read More

Gas City industrial maintenance company acquired

Industrial Maintenance Specialists Inc., a millwright and rigging contractor headquartered in Gas City, is under new ownership. Michigan-based Commercial Contracting Corp. has acquired the Indiana company, though financial terms are not being disclosed.... Read More

Muncie Power Products names new CEO

Muncie Power Products has promoted Scott Huntsman to CEO, the company announced this month. Huntsman has been with the company since 2016 and most recently served as chief commercial officer.... Read More

Hurco swings to fiscal full-year loss

Indianapolis-based Hurco Companies is reporting a fiscal full-year net loss of $16.6 million, compared to income of $4.4 million the previous year. CEO Greg Volovic said the company hoped for more of a recovery in the machine tools market, which was down 19%.... Read More

State revenues outpace projections in December

Indiana's revenue collections last month exceeded the most recent projections. The Indiana State Budget Agency said Friday that General Fund revenues in December totaled nearly $2.2 billion, which was $17 million higher than the December 2024 forecast.... Read More