South Bend-based 1st Source Corp. (Nasdaq: SRCE) is reporting record, full-year net income of $120.5 million, compared to $118.5 million the previous year. The parent of 1st Source Bank is also reporting fourth quarter net income of $31 million, compared to $27.7 million during the same period a year ago.... Read More
Walmart said U.S. workers will get pay raises next month, increasing starting wages to between $14 and $19 an hour. CEO John Furner told employees in a memo that the raises will come through a combination of targeted and regular annual pay increases.... Read More
Indianapolis-based Eli Lilly and Co. (NYSE: LLY) said Tuesday it plans to invest another $450 million at a factory in North Carolina that makes diabetes medicines and devices.... Read More
The Crown Point Sportsplex is getting almost a million dollars in upgrades as it prepares for the spring baseball season. Our partners at Lakeshore Public Radio report work is underway to replace the existing infields at six softball fields with turf.... Read More
A precision fermentation manufacturer is planning to develop its first biomanufacturing facility in east central Indiana. Liberation Labs said Tuesday it will invest $115 million to build the commercial-scale facility in Richmond and add 45 jobs.... Read More
Indiana's unemployment rate in December rose slightly to 3.1%, up from 3% the previous month. The Indiana Department of Workforce Development said Tuesday private sector employment decreased by 4,600 jobs last month.... Read More
Be Nimble Foundation, which focuses on creating a diverse and inclusive tech ecosystem, has entered into a partnership with Indianapolis-based Eli Lilly and Co. (NYSE: LLY) to help recruit and train candidates. The foundation will serve as a talent source for the pharmaceutical company’s Skills First @ Lilly program.... Read More
The Pokagon Band of Potawatomi Indians, which operates Four Winds Casino in South Bend, says its new 23-story hotel and event center will open March 1. Construction crews have spent two and a half years building the venue.... Read More
An Indianapolis City-County Council committee passed a group of proposals to set the stage for the $180 million City Market East project. A proposal to provide the project $18.8 million in tax increment financing bonds passed, pending full council approval.... Read More
A national pet brand chain is a driving force behind two Indiana bills that would block local communities from enforcing outright bans on the retail sale of pets, drawing pushback from animal advocates. ... Read More
A New York City-based nonprofit has launched a chapter in Indianapolis with the goal of supporting women in the sports and events industry. Women in Sports and Events, or WISE, hosted its first event Monday at Gainbridge Fieldhouse.... Read More
Elevance Health said Monday it has agreed to buy Blue Cross and Blue Shield of Louisiana for an undisclosed sum. The deal will expand the Indianapolis-based health insurer, formerly known as Anthem, into the 15th state where it can sell its health plans.... Read More
California-based aerospace company Stratolaunch LLC and Purdue University have established a partnership to accelerate the process to design, build, test and fly hypersonic vehicles. The company says it will establish the Stratolaunch Advanced Programs Office at the Convergence Center in Purdue’s Discovery Park District in West Lafayette.... Read More
Columbus-based Cummins Inc. (NYSE: CMI) announced that after four decades with the company, Vice President and General Manager – North America On-Highway Amy Boerger will retire at the end of March.... Read More
Indianapolis-based Ren, a philanthropic services and technology company, has acquired Stellar Technology Solutions, a software company based in Stroudsburg, Pennsylvania. Terms of the deal were not disclosed.... Read More
Indiana’s healthcare and life sciences sector, often hailed as a key driver of the state’s economy, landed a record $619.8 million in venture funding last year, a hefty increase over the previous record, set a year earlier.... Read More
The town of Schererville is hoping more liquor licenses will help spur development downtown by creating a new riverfront district. Our partners at Lakeshore Public Radio report the town council has voted to establish the district in an area adjacent to the Schererville Ditch.... Read More
Shortly after Benjamin Harrison received word in June of 1888 that he had been nominated for the presidency, he stepped outside to speak to the crowd of 8,000 people who had converged on his lawn and told them that his home would remain a welcoming place.... Read More
Columbus-based Cummins has opened its first Technical Education for Communities location at Arsenal Technical High School in Indianapolis. The global program targets technical skills gaps through local vocational educational training.... Read More
Ivy Tech Community College on Monday announced Amanda Harsin as the next chancellor of its campus in Madison. Harsin, who previously served as vice chancellor of academic affairs, has held the role on an interim basis since August.... Read More
