Category: Investments

BP posts $5.6 billion 2nd quarter profit

Posted on August 1, 2011 by NWIBQ.COM

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 that had a major impact on the bottom line.…

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Posted in Business News Bits, Energy, Investments | Leave a comment

Focus: Small Business

Posted on June 17, 2011 by NWIBQ.COM

The entrepreneurial spirit is alive and well in Northwest Indiana. Small business incubators dot the region’s landscape – from Valparaiso to Hammond, from Merrillville to South Bend.

As the landscape for small business changes from traditional pursuits in manufacturing to high-tech ventures, new questions arise among entrepreneurs on how to ensure success.

To help answer those questions, Northwest Indiana Business Quarterly has asked experts from …

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Posted in Advice, Banking, Business, Business Advice, Business Features, Entrepreneurship, Finance, Health Care, Investments, Professional & Legal Advice, Small Business, Special Focus, Spring 2011 | Leave a comment

1st Source donates $840,000

Posted on January 27, 2011 by NWIBQ.COM

SOUTH BEND – 1st Source Bank and its philanthropic arm, 1st Source Foundation, have donated more than $840,000 to community causes in 2010. In addition, 1st Source employees volunteers more than 25,000 hours to more than 375 non-profits.

Major donations include $100,000 to St. Mary’s College Capital Campaign; $30,000 to South Bend Area Crime Stoppers; $25,000 to …

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Posted in Banking, Business News Bits, Investments, Philanthropy | Leave a comment