PITTSBURGH, Pa. – U.S. Steel Corp. reported a first quarter loss of $219 million, compared with a first quarter loss last year of $86 million. The company said the loss was due to a $399 million charge for the sale of its Serbian manufacturing plant. U.S. Steel operates mills in Gary, East Chicago and Portage […]
GARY – Former Indianapolis Airport Authority CEO John Clark has been hired by the Gary/Chicago International Airport as a business development consultant. J. Clark Aviation Group received a six-month contract at $350 an hour, but not to exceed $5,000 a month. The firm will review the Gary airport’s business plans. Clark left the Indianapolis airport
LAPORTE – Linda Satkoski has been named chief operating officer for the IU Health LaPorte Hospital system. Satkoski currently is CEO of IU Health Starke Hospital and will now oversee IU Health LaPorte and Starke hospitals, LaPorte Physicians and Lakeshore Surgicare. Dave Hyatte, vice president of operations at IU Health Starke Hospital, is interim president
MICHIGAN CITY – The Unity Foundation of LaPorte County has announced two recipients of Lilly Endowment Community Scholarships. The scholarships provide full tuition to an Indiana college or university of their choice along with an annual $900 stipend for books and equipment. Recipients are Brittany Belkiewitz of LaPorte High School and Mitchell Orzech of Michigan
GARY – Mereivelyn Stuber has been named president of the Northwest Indiana Patient Safety Coalition. She currently is patient safety officer for Methodist Hospitals in Gary. Stuber has been with Methodist for 23 years. The coalition is made up of representatives of area health care systems and academic institutions and provides a forum for area
MUNSTER – Peoples Bank reported first quarter net income of $1.4 million, up 15.5 percent from $1.2 million one year ago. Earnings were 48 cents per share, up from 41 cents last year. While net income was down to $5.9 million, income from fees and services rose to $1.6 million. Peoples has $668.5 million in
MICHIGAN CITY – Horizon Bancorp, the parent company for Horizon Bank, announced a record quarterly profit of $4.6 million, up 79 percent from one year ago. President and CEO Craig Dwight said the bank had $988.6 million in loans at the end of March, up from $179 million the previous year. Dwight said Horizon purchased
KNOX – Selected Furniture LLC will open a distribution and manufacturing plant in Knox. The company announced it was closing is distribution center in Chicago and manufacturing operation in China and combining both into an operation in Knox. Selected Furniture will spend $1 million to buy, renovate and equip a 201,000 square foot building. The
The economy is coming back to life. Is the region’s workforce prepared to cash in on the opportunities? by Shari Held With the negative press the economy has generated over the last few years, it’s easy to overlook the positives Northwest Indiana has to offer – the Dunes, the casinos, the steel mills, a great
SOUTH BEND – 1st Source Corp. has announced that its first quarter income was $11.72 million, up by more than 10 percent from $10.61 million one year ago. Chairman and CEO Christopher Murphy said that expenses were down in the quarter while loan loss provisions for unchanged for the quarter. He said 1st Source Bank’s
