INSIDE INDIANA BUSINESS: AT&T touts major investment

2014-03-07T12:20:00Z 2014-03-07T20:12:27Z INSIDE INDIANA BUSINESS: AT&T touts major investmentGerry Dick Inside Indiana Business
March 07, 2014 12:20 pm  • 

AT&T Indiana says it invested nearly $1.75 billion in Indiana network upgrades from 2011-2013. President Bill Soards says wireless infrastructure improvements include new cell sites, upgraded antennas and increased capacity. He says the company also expanded fiber-optic connections in hopes of growing its broadband footprint.

Biomet Planning IPO

The parent company of Warsaw-based Biomet Inc. is seeking approval for an initial public offering. In a filing with the U.S. Securities and Exchange Commission, LVB Acquisition Inc. says it plans to change its name to Biomet Group Inc. and use proceeds to pay down debt.

Ivy Tech Names Campus Presidents

Ivy Tech Community College has named campus presidents at 11 locations. The announcement follows the school's restructuring, which includes consolidation of administrative and regional operations.

INDYCAR Details Indy 500 Qualifications Changes

More details have been released about big changes to qualifications for this year's Indianapolis 500. The adjustments will culminate with a "Fast Nine Shootout" to determine the front three rows. Hulman & Co. Chief Executive Officer Mark Miles first unveiled the changes during a Studio(i) interview in November.

Hicks: U.S. Growth Remains Slow

Ball State University economist Michael Hicks says the February jobs report continues a "sluggish" pattern for the national economy. He says wages and hours worked decreased "almost certainly" because of weather-related work stoppages. The U.S. unemployment rate rose to 6.7 percent in February, up from 6.6 percent the previous month.

Vertellus Expands in India

An Indianapolis-based specialty chemical company has opened a second operation in India. Vertellus Specialties Inc. says the Mumbai location is primarily a business office. The company has a manufacturing facility in Vapi.

Lineup Set For Purdue Road School

Governor Mike Pence is scheduled to deliver the keynote address next week at the 100th Purdue Road School. This year's event will also feature remarks from Indiana Department of Transportation Commissioner Karl Browning and Delphi Mayor Randy Strasser.

Company Shows Off RV Technology

A Speedway-based manufacturer has unveiled what it describes as the world's first all-carbon fiber luxury recreational vehicle. Global Caravan Technologies Inc. plans to market the prototype internationally, including a strong push in China.

USI Announces Honorary Degree Recipients

The University of Southern Indiana plans to award two honorary degrees during spring commencement ceremonies. A provost emeritus, who helped shape the school's academic policy, along with the curator of textiles at the Art Institute of Chicago will be presented the degrees in May.

Fort Wayne Names Human Resources Director

The City of Fort Wayne has appointed Carolyn Ovitt director of human resources. She had been serving in an interim role since last month.

Thor Profit Slips

Elkhart-based Thor Industries Inc. is reporting fiscal second quarter net income of $16.2 million, compared to $19.9 million during the same period the previous year. Chief Executive Officer Bob Martin says he expects the company to make up for the negative impact of recent severe winter weather throughout the rest of the fiscal year.

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