Shoe Carnival promotes Jackson to CFO

Evansville-based Shoe Carnival Inc. has promoted Kerry Jackson to executive vice president and chief financial officer. Jackson succeeds Patrick Edwards, who is remaining with the footwear retailer as senior vice president and treasurer.... Read More

WaterFurnace cuts ribbon on Fort Wayne HQ expansion

After more than a year of construction, Fort Wayne-based WaterFurnace International has cut the ribbon on its $14 million headquarters expansion. The 173,000-square-foot addition nearly triples the amount of space for the geothermal HVAC manufacturer.... Read More

IURC approves plan for NIPSCO subsidiary

The Indiana Utility Regulatory Commission has given the green light for Merrillville-based Northern Indiana Public Service Co. to establish a new subsidiary, GenCo, designed to provide power to data centers.... Read More

U.S. Steel details next investment at Gary plant

The latest approval by the U.S. Steel board is for $200 million to improve the hot strip mill at Gary Works. The steelmaker said the move will optimize production costs and expand premium product offerings, including heavy gauge line pipe and automotive steel.... Read More

State pension obligation nearing funded status

The executive director of Indiana’s public retirement system cautioned lawmakers Wednesday that an effort to aggressively pay down unfunded liabilities won’t immediately free up more dollars — instead saying further analysis would be needed.... Read More