After quietly producing hovercraft for more than three decades, Terre Haute-based Neoteric Hovercraft has gained global attention thanks to a viral video of golfer Bubba Watson using one of the vehicles. President Chris Fitzgerald says the company is moving forward with plans to sell to the public and will likely produce approximately 100 golf cart hovercraft this year. He discussed the technology and the company's future on this weekend's edition of Inside INdiana Business Television.
Hostess to Re-open Indianapolis Bakery
Hostess Brands Inc. has announced plans to re-open several bakeries, including one in Indianapolis. The company hopes to have products back on shelves by the end of July.
Employer Warns of Closing
An automotive parts manufacturer in Jay County is planning to close later this year, leaving dozens without work. In a notice to the state, Michigan-based Blissfield Manufacturing Co. says it plans to cease operations at its Jay Products Co. facility in Portland.
Health Care Leader Announces Retirement Plans
The president of St. Mary's Health in Evansville plans to retire next year. Tim Flesch has led the health care system for eight years. The board of directors plans to start the process of selecting a new president next month.
IU Remembers 'Artistic Giant'
A Grammy Award-winning music professor at Indiana University has died. IU President Michael McRobbie calls cellist Janos Starker "one of the university's true artistic giants." He was 88.
Superintendent Requests Millions in Repairs
The superintendent of schools in Mishawaka is outlining the need for nearly $30 million in repairs. The South Bend Tribune reports Terry Barker's list includes upgrades to flooring, heating and stadium lighting.
Village Post Office to Open in Greene County
A village post office is set to open this afternoon in a southern Indiana town. The Worthington location will be the 40th VPO in the United States Postal Service's Greater Indiana District.
Ball State Announces Commencement Speaker
Ball State University says United Nations Undersecretary General For Political Affairs Jeffrey Feltman will deliver its commencement address Saturday. He is the former U.S ambassador to Lebanon and graduated from Ball State in 1981.
Huntington Moving Ahead With First Doctorate
Huntington University could begin its first doctorate program next year. The board of trustees has approved graduate-level occupational therapy programs that will be located at the Parkview Randallia campus in Fort Wayne.
Organization to Present Public Service Awards
The Indiana Chapter of the American Society for Public Administration will hold its annual public service awards next week. The organization will honor professionals in the government and nonprofit sectors.
Old National Posts Profit Increase
Evansville-based Old National Bancorp is reporting fiscal first quarter 2013 net income of $23.9 million, compared to $21.7 million for the same period a year earlier. Chief Executive Officer Bob Jones says performance was boosted by a "strong" increase in commercial real estate loan originations.
Hill-Rom Reports Revenue Decline
Batesville-based Hill-Rom Holdings Inc. is reporting fiscal second quarter net income of $22.3 million, compared to $25.3 million for the same period the previous year. Chief Executive Officer John Greisch says despite the decline, the company's earnings were "in line" with expectations.
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