USI awarded $2M grant for Historic New Harmony

Lilly Endowment Inc. has awarded a more than $2 million grant to the Historic New Harmony program at the University of Southern Indiana. The funding is earmarked for several projects, including the restoration and renovation of two historic buildings.... Read More

Ball State names Entrepreneurship Center director

Ball State University has appointed Kimberly Howe Ferguson as director of its Entrepreneurship Center. Ferguson, who is the owner of Patterson Block Muncie, will also serve as an assistant lecturer of management in the Miller College of Business.... Read More

IU Health adds Fort Wayne neurology practice

Indiana University Health has added Fort Wayne Neurological Center to its ranks. The specialty practice, which has more than 100 employees, focuses on the study and treatment of conditions such as multiple sclerosis, Alzheimer's disease, and more.... Read More

Tempur Sealy to buy Mattress Firm in $4 billion deal

Bedding provider Tempur Sealy, which has a growing presence in Indiana, has agreed to acquire Mattress Firm in a cash-and stock-transaction valued at about $4 billion. Mattress Firm operates more than 2,300 retail locations and an e-commerce platform. ... Read More

Bloomington operation part of $4.2B divestiture

Illinois-based Baxter International Inc. this week announced plans divest its BioPharma Solutions business to Advent International and Warburg Pincus, private equity firms headquartered in Boston and New York, respectively, in a $4.25 billion deal. ... Read More

Escalade swings to Q1 loss

Evansville-based Escalade is reporting a first quarter net loss of $952,000, compared to net income of $6.7 million during the same period last year. The sporting goods and recreational equipment manufacturer said sales declined 21.3% to nearly $57 million.... Read More

Machining startup to open in Knox Industrial Park

A veteran tool and die maker in Starke County is venturing out on his own with a new machine shop in the Knox Industrial Park. Wakal Machining broke ground on a new facility, which co-founder Bill Wakal says will fill a gap for machining services in the area.... Read More