Goodwill Education Effort Expands
An education initiative created by Goodwill Industries of Central Indiana Inc. is expanding beyond the state. The organization plans to open an Excel Center in Austin, Texas this summer to go along with the nine operating in central Indiana. Goodwill Education Initiatives Inc. Chief Operating Officer Scott Bess says the centers are designed to give people who dropped out of high school a chance to resume their education.
Groundbreaking Set For Fiber Expansion
Groundbreaking will take place Friday for the $2.5 million Plymouth/Marshall County expansion of St. Joe Valley Metronet. The initiative extends dark fiber from South Bend, along the U.S. 31 corridor, to Plymouth.
Lilly Endowment Sells Stock
Indianapolis-based Lilly Endowment Inc. has sold 150,000 shares of Eli Lilly and Co. stock. The organization says proceeds will help fund charitable programs and operating expenses.
Indiana Utility Sells For $2M
Greenwood-based Indiana American Water has completed the acquisition of a Warrick County utility. The deal for Yankeetown Water is valued at close to $2 million and involves more than 600 customers.
Saint Joseph's Announces Commencement Speaker
A former president of Walmart China will be the featured speaker next month at the Saint Joseph's College commencement. Cassian Cheung, a 1976 graduate, has also served in leadership roles with Nestlé and Quaker Oats Asia.
Purdue Extension Celebrating Milestone
Purdue Extension will mark its 100th year next week. It provides education, outreach and assistance programs for the state's food and agriculture industry and was created by the Smith-Lever Act of 1914.
Cummins Reports Bump in Profit
Columbus-based Cummins Inc. (NYSE: CMI) is reporting first quarter net income of $338 million, compared to $282 million for the same period last year. The engine manufacturer has increased its revenue forecast and Chief Executive Officer Tom Linebarger says demand in the North American market is improving.
Wabash National CEO: 2014 Could Break Records
Lafayette-based Wabash National Corp. (NYSE: WNC) is reporting first quarter net income of $7.3 million, compared to $5.7 million for the same period a year earlier. Chief Executive Officer Dick Giromini says the company's three operating segments experienced "strong growth" and believes 2014 could be a record year.
MainSource Profit Increases
Greensburg-based MainSource Financial Group Inc. is reporting first quarter net income of $6.2 million, compared to $4 million during the same period last year. Earlier this month, MainSource announced the acquisition of MBT Bancorp in West Harrison.
Centra Credit Union Touts Growth
Columbus-based Centra Credit Union says its total assets reached more than $1.2 billion last year, up nearly 5 percent compared to 2012. At its recent annual meeting, the company also said deposit and loan balances grew in 2013 compared to the previous year.
Fifth Third Promotes Indy Exec to Regional Post
Ohio-based Fifth Third Bancorp has named Natalie Guzman group affiliate marketing director for the North Region, which includes Indiana. She previously served as senior vice president and marketing director at the bank's Indianapolis-based affiliate.