News

The president of DePauw University says the new School of Business and Leadership on the Greencastle campus formalizes what the university has done for years. Dr. Lori White cites DePauw graduates who have gone on to become major leaders, including General Mills Inc. (NYSE: GIS) Chief Executive Officer Jeff Harmening, New York Giants General Manager Joe Schoen, and Teach for America CEO Elisa Villanueva Beard. The university announced the new school last week as part of its five-year strategic plan.... Read More

Indianapolis-based Corteva Agriscience (NYSE: CTVA) says it will implement a global business unit organization model in an effort to support its long-term operating performance. As part of the move, the company has named Robert King executive vice president of its crop protection business unit, which is based in Indy.... Read More

Workers at the BP Whiting Refinery have approved a new four-year contract that includes a pay increase and no concession on the issue of providing months of advance notice if workers intend to go on strike. Our partners at The Times of Northwest Indiana report the deal includes an overall 12% pay increase with a 2.5% raise this year.... Read More

An Indianapolis-based printing services company has laid off 114 employees. In a notice to the state, Little Raymond's Print Shop says the layoffs are due to "unforeseen business circumstances."... Read More

University of Notre Dame electrical engineering doctoral students Roy Stillwell and Vince Kitsmiller are developing a handheld imaging device that uses near-infrared spectroscopy, or laser lights, instead of X-rays to detect breast cancer. The university says prototypes of the NearWave Imager will be used in clinical settings at a nearby hospital later this month.... Read More

The United Health Foundation has awarded a $2 million, three-year grant to Indianapolis-based nonprofit healthcare provider HealthNet Inc. The foundation says the funding will expand access to primary and behavioral healthcare in Morgan and Monroe counties, as well as high-poverty areas in Indy.... Read More

While Hoosiers are feeling the impact of surging inflation from the gas pump to the grocery store, Ball State economist Mike Hicks says there is evidence things might not be as devastating as some originally thought in Indiana. Hicks believes plans by the Federal Reserve to aggressively increase interest rates throughout 2022 will stave off an economic downturn or recession. ... Read More

Indianapolis-based Jefferson Electric is launching a new division focused on providing more options for people to go solar. The company says Jefferson Electric Off-Grid will design and install off-grid solar systems for homes, recreational vehicles, and agricultural settings.... Read More

President Joe Biden has announced his intent to nominate Nasser Paydar for Assistant Secretary for Postsecondary Education in the Department of Education. Paydar recently retired as chancellor of IUPUI.... Read More

Seattle-based Porch Group Inc. (Nasdaq: PRCH), a provider of software for the home services and insurance industries, has announced plans to acquire the home warranty and home inspector software and services business of Residential Warranty Services Inc. in Carmel. The deal is valued at $33 million in cash and stock.... Read More

Governor Eric Holcomb will lead an economic development trip to Slovakia and Israel later this month. Holcomb's office says the trip will focus on increasing Indiana’s international engagement and cultivating new business relationships in central Europe and the Middle East.... Read More

The AWS Foundation in Fort Wayne is awarding a second round of Vantage Grants totaling more than $3.2 million to four nonprofit disability service providers in northeast Indiana. The foundation says the Arc of Wabash County, Life Adult Day Academy, The League, and The Arc of LaGrange will each receive a portion of the funding.... Read More

New Hampshire-based Senet Inc., a provider of cloud-based software and services, and GRiT Technologies LLC, located in the Gibson County town of Haubstadt, are forming a partnership to deliver carrier-grade LoRaWAN connectivity to the Ohio River Valley and surrounding areas. GRiT Technologies says the partnership enables its service provider partners to easily add new services, such as Internet of Things, to their businesses.... Read More

The Muncie Redevelopment Commission will fund a study to determine the viability of building a hotel on the east side of the city. According to reporting from The Star Press, Mayor Dan Ridenour says a developer has expressed interest in bringing a new inn to the city.... Read More

The board of directors for Columbus-based Cummins Inc. (NYSE: CMI) has suspended all commercial operations in Russia as a result of the country's invasion of Ukraine. The company says it is currently taking steps to "wind down operations expeditiously." ... Read More

A real estate developer from New York City is looking to revamp the former First Savings building in Anderson as a business hub. Our partners at The Herald Bulletin report Mariusz Kurylo wants to open the 10-story building to smaller businesses and startups as opposed to big-name companies.... Read More

United Way of Allen County has announced that Matthew Purkey is resigning as president and chief executive officer. The nonprofit says Chief Financial Officer Greg Johnson will become interim CEO until a permanent successor is named.... Read More

The Indiana Department of Transportation announced $162 million in federal transportation funding is being awarded to 50 cities, towns, and counties in rural Indiana. INDOT says the funding will help the communities invest in local road and bridge improvements, as well as sidewalk projects for improved pedestrian access.... Read More

A synthetic lumber manufacturer is growing operations in Grant County. Earthwise Plastics Inc. says it will add a production line at its Gas City facility to manufacture walls and doors for semi-trailers and add a small number of jobs.... Read More

The University of Evansville has hired TurnkeyZRG in New Jersey to assist in a national search for its next director of athletics. UE says it has also formed a nine-person advisory committee made up of current and former student-athletes, faculty, coaches, administrators, and trustees to assist in the search.... Read More