ELKHART – The Elkhart-based company Patrick Industries Inc. (Nasdaq: PATK) is reporting second quarter 2016 net income of $16.7 million, which is up from $12.1 million during the same quarter last year. Chief Executive Officer Todd Cleveland says the 38 percent increase reflects positive momentum at both the wholesale and retail levels. Cleveland says the impact of recent […]
MUNCIE and MICHIGAN CITY – Two Indiana banks are reporting record profits for the second quarter. Muncie-based First Merchants Corp. (Nasdaq: FRME) is reporting net income of $20 million, compared to $18 million in the same quarter last year. Michigan City-based Horizon Bancorp (Nasdaq: HBNC) is reporting net income of $6.3 million, up from $4.7 million
WEST LAFAYETTE and BLOOMINGTON – Purdue University has been recognized as one of the top institutions in the world for the number of U.S. utility patents granted in 2015. A report from the National Academy of Inventors and the Intellectual Property Owners Association determined Purdue patents rank among top universities as 15th worldwide. The report says Purdue was issued
INDIANAPOLIS – An annual business climate report brings mixed news for Indiana. The state ranks 16th overall in CNBC’s “America’s Top States For Business: 2016,” down three spots from last year. However, Indiana is ranked first in the nation in cost of doing business and infrastructure. The state lagged in areas including quality of life and
HAMMOND – Purdue University Northwest’s Center for Innovation through Visualization and Simulation (CIVS) has been selected to become part of a national manufacturing network designed to fuel industry growth and innovation. As part of the new Smart Manufacturing Innovation Institute (SMII), recently announced by President Obama, the Purdue Northwest CIVS research center joins nearly 200
BURNS HARBOR – Burns Harbor may total just about 7 square miles with roughly 1,400 residents. But tucked inside this small, charming town stands a leading-edge company transporting more than 223 million pounds annually throughout the world. For more than 50 years, Trans-United, Inc. has focused on freight transportation, moving specialized or oversized loads in
INDIANAPOLIS – Governor Mike Pence announced plans to invest $1 billion over the next 10 years to advance innovation and entrepreneurship in Indiana. During remarks at the eighth annual Innovation Showcase in Indianapolis, Governor Pence outlined a proposal to strengthen and accelerate Hoosier innovation through strategic partnerships, ensuring that Indiana plays a leading role in
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MICHIGAN CITY — Ivy Tech Community College has named Dr. Peter Linden as the new president of its Michigan City campus. He will assume his new role Aug. 1. Dr. Linden’s most recent position was as Senior Academic Dean of Career & Technical Education at Joliet Junior College. He succeeds Rick Soria, who left Ivy
