ArcelorMittal

ArcelorMittal, United Steelworkers reach tentative deal on new four-year contract

ArcelorMittal announced Nov. 2 it reached a tentative agreement with the United Steelworkers on a new, four-year labor contract covering approximately 12,000 USW-represented employees at 11 of ArcelorMittal USA’s operations in Indiana, Illinois, Minnesota, Ohio, Pennsylvania and West Virginia. “We are pleased to have a new, tentative agreement with our partners at the USW and […]

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South Bend’s AM General strengthens partnership with artillery specialist Mandus Group

AM General of South Bend, a manufacturer and developer of specialized military and commercial vehicles, has strengthened its partnership with artillery specialist Mandus Group of Rock Island, Ill. AM General announced Nov. 1 it had made an investment in Mandus Group, an innovator of artillery solutions based on soft recoil technology. AM General said the

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New home construction

Indiana Builders Association says builder confidence remains strong despite drop in building permits for new homes in September

Building permits for new homes dropped dramatically in September from August. The Indiana Builders Association, citing U.S. Census Bureau data, said 1,277 building permits for new homes were recorded in the state in September, which is nearly the same number pulled in September 2017, when 1,275 permits were logged. The September total fell from August,

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MakerMinded LIFT STEM program

STEM-focued MakerMinded manufacturing learning platform launched in Indiana

Indiana middle school and high school students interested in learning more about how science, technology, engineering and math (STEM) can lead to a career in advanced manufacturing have a new path to get there. Detroit-based Lightweight Innovations for Tomorrow (LIFT), a Manufacturing USA institute, and the Indiana Manufacturing Competitiveness Center (In-MaC)—an initiative of Purdue University

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Economy general

South Bend/Elkhart area economic index declines for second straight quarter

The third quarter 2018 Michiana Benchmark Business Index, compiled by the certified public accounting and consulting firm of Kruggel Lawton CPAs in South Bend, declined for the second straight quarter. The third quarter index was 55.59 out of 100, down more than 6 percent from the second quarter of 2018. The second quarter index was

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Horizon Bancorp, Salin Bancshares Inc. merging operations

Michigan City-based Horizon Bancorp Inc., operator of Horizon Bank, has signed a definitive agreement to combine operations with Salin Bankshares Inc. of Indianapolis. Salin Bancshares operates Salin Bank and Trust Co., which had $918.4 million in assets as of Sept. 30 and 20 banking locations in 10 Indiana counties serving Columbus, Delphi, Edinburgh, Fishers, Flora,

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