VALPARAISO – IVDiagnostics Inc., a biomedical technology company focused on research on the early detection of cancer, has been selected as a Top 50 Innovator at the New York Venture Summit. The summit was presented by youngStartup Ventures, which brings cutting edge startups together with venture capitalists and angel investors. “IVDiagnostics exemplifies a biomedical technology […]
GARY – Canadian National Railway has announced plans to move a portion of its operations to Gary’s Kirk Yard from Markham, Ill. The shift could bring more than 250 jobs to the region. CN said it expects to invest more than $160 million in Gary to expand the rail yard and construction of a locomotive
CROWN POINT – Lake Superior Court Judge John Pera has issued a foreclosure order for $3.66 million against White Hawk Country Club. The golf course and clubhouse is scheduled for a sheriff’s sale on Oct. 7. Owner Paul Switzer said he is trying to work out a new financial package with First Midwest Bank. The
MICHIGAN CITY – Horizon Bancorp, the parent company of Horizon Bank of Michigan City, has announced a second quarter profit of $3.1 million, up from $2.5 million one year ago. Craig Dwight, president and CEO, said the profit in the first six months of the year was the highest in the bank’s history. At the
GRIFFITH – United Federal Credit Union of St. Joseph, Mich., has acquired Griffith Savings Bank’s assets, including its deposits and liabilities valued at $81 million. Griffith Savings will retain some assets to fund employee benefit plans, which will not be taken over by United Federal. The deal is expected to be completed in the third
MUNSTER – CFS Bancorp Inc., the parent company for Citizens Financial Bank, has announced net second quarter income of $1.2 million, up from $981,000 one year ago. Per share earnings rose from 9 cents last year to 11 cents. Chairman and CEO Thomas Prisby said the bank is well on its way to diversifying its
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SOUTH BEND – CB Richard Ellis/Bradley and Real Estate Management Corp. have named Kyle Chamberlin a contract administration for the commercial real estate services and property management team. Most recently, Chamberlin was with Barnes & Thornburg LLP and the office of the Elkhart County Prosecuting Attorney. He will provide in-house legal counsel on contract law
CROWN POINT – A problem plaguing the refrigerated trucking business has been addressed by a Crown Point entrepreneur. Russ Edwards of Coolway Refrigeration took on the safety issue of truck driver pulling their cabs away from the trailer without unplugging the electrical power source. Edwards created the patent-approved Electrical Power Interruption Control (EPIC) device. So
LONDON – BP, which operates a massive refinery in Whiting, has announced a net second quarter profit of $5.6 billion, down 11 percent from pre-Gulf oil spill levels. One year ago, BP announced a loss of $17.2 billion. Earnings one year ago also included a $32 billion charge associated with clean up in the Gulf
Northwest Indiana emerging as a great place to turn research into products. by Rick A. Richards The buckle of the nation’s industrial belt is firmly cinched in Northwest Indiana. Steel and its affiliated suppliers and businesses have been a part of the region’s landscape for generations. And just a few miles south, Indiana’s cornbelt begins.
