Steel Mills Pay Out Profit-Sharing Bonuses

Thousands of steelworkers are taking home thousands of dollars in bonuses from Pittsburgh-based U.S. Steel (NYSE: X) and Ohio-based Cleveland-Cliffs Inc. (NYSE: CLF). Our partners at The Times of Northwest Indiana report bonuses saw a major uptick at steel mills amid record profits.... Read More

Foam Supplier Expanding to Fort Wayne

An Elkhart-based foam manufacturer is expanding operations into Allen County. Vahala Foam Inc., which provides polyurethane cushion foam for RV, marine, bedding and office products, says it will invest nearly $7 million in its new location in Fort Wayne and create up to 125 jobs by the end of 2024.... Read More

IndyGo Breaks Ground on Purple Line

IndyGo broke ground Friday on its second of three bus rapid transit lines. The $187 million Purple Line is designed to connect downtown Indianapolis and Lawrence through east side neighborhoods.... Read More

Indiana Hospitals Included Among ‘Top 100’

Several Indiana hospitals are included in The Chartis Group's annual lists of the Top 100 Critical Access Hospitals and the Top 100 Rural & Community Hospitals. Chicago-based Chartis, which provides advisory services and analytics to the healthcare industry, says the program honors outstanding performance among the country's rural hospitals.... Read More

Lilly Drug Gains Additional FDA Approval

The U.S. Food and Drug Administration has awarded another approval for Jardiance developed by Indianapolis-based Eli Lilly and Co. (NYSE: LLY) and Boehringer Ingelheim in Germany. The company says Jardiance has been approved to treat adults with any type of heart failure.... Read More

Historic Gymnasium Prime for Redevelopment

County are looking for ways to revitalize a long-vacant gymnasium that has played a major part in Indiana's basketball heritage. The James M. Shields Memorial Gymnasium in Seymour was placed on Indiana Landmarks' 10 Most Endangered List for 2021.... Read More

Boone EDC Launches Digital Inclusion Effort

The Boone Economic Development Corp. is launching an initiative to address broadband access and digital skills. The Boone EDC says a $15,000 grant from Duke Energy Foundation and the Purdue Center for Regional Development will be used to pinpoint current barriers to digital inclusion.... Read More

AES to Accelerate Exit from Coal

Virginia-based AES Corp. (NYSE: AEP), the parent of AES Indiana, says it will accelerate the timeline to eliminate the use of coal at its power plants within the next three years. While not specifically mentioning Indiana in its quarterly financial report, the company said it “intends to exit coal by 2025,” creating uncertainty for the two remaining coal-fired units at the Petersburg Generating Station in Pike County.... Read More

Loss Grows for Calumet Specialty Products

Indianapolis-based Calumet Specialty Products Partners L.P. (Nasdaq: CLMT) is reporting a full-year net loss of $260 million, compared to a loss of $149 million in 2020. The report comes a day after the company announced a host of leadership changes.... Read More

Notre Dame, Carrier Partner on Next Generation HVAC

The University of Notre Dame and representatives from Carrier Global Corp. (NYSE: CARR) today celebrated the opening of a new laboratory at Ignition Park, an innovation and technology park in South Bend. The Willis Carrier Centrifugal Compressor Technology Laboratory will allow students to gain hands-on experience with Carrier’s HVAC compressor development.... Read More

Amendment Bars Russians from Buying Indiana Property

The Indiana House of Representatives has unanimously approved an amendment designed to punish Russia for its invasion of Ukraine. Our partners at WIBC report the amendment from Rep. Ryan Dvorak (D-South Bend) would bar any businesses associated with the Russian Federation from purchasing real estate in Indiana.... Read More