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Category: News
Portage trying for Ultimate Fishing Town
PORTAGE – The City of Portage is in the running for a $25,000 price and a chance to be featured on the World Fishing Network if residents and supporters vote for it as the Ultimate Fishing Town.
Indiana Dunes Tourism nominated Portage.
“Portage has marina access to sport fishing on Lake Michigan, as well as a park featuring pier and riverwalk fishing on Lake Michigan,” …
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Posted in Business News Bits, Government, Promotion, Recognition, Regional News, Tourism
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Braun to provide taxis for New York City
WINAMAC – BraunTaxi has entered the taxi market and will be able to serve the handicap-accessible market across the country.
The Braun Corp. is adapting the Chrysler Town & Country and Dodge Grand Caravan as well as the Toyota Sienna for taxi use.
Soon, the company will be retrofitting the Nissan NV200, which will be available in New York City by late 2013.
“Leading the …
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Posted in Business News Bits, Expansion, Government, Jobs, Regional News, Transportation
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Refueling complete at Cook reactor
BRIDGMAN, Mich. – The Unit 2 reactor at the Donald C. Cook Nuclear Plant has been returned to service following a refueling process that began in March.
During the shutdown, American Electric Power Co., which operates the nuclear facility on Lake Michigan, installed new transformers and conducted routine maintenance.
The Cook Nuclear Plant is just 25 miles north of the Indiana state line.
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Posted in Business News Bits, Energy, Regional News, Utilities
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Warm weather cuts into NiSource profits
MERRILLVILLE – NiSource Inc., the parent company for Northern Indiana Public Service Co., has announced first quarter net income of $193.4 million, down 7.7 percent from $209.5 million last year.
The decline was attributed to unseasonably warm weather during the first quarter.
Residential gas use was down 23.5 percent, corresponding to 23 percent warmer than normal temperature in the quarter.
At NIPSCO, net …
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Posted in Business News Bits, Earnings, Energy, NIPSCO, Regional News, Utilities
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Centier’s 1st quarter profit doubles
MERRILLVILLE – Centier Bank has announced net income in the first quarter of $5.7 million, up from $2.8 million one year ago.
The bank reported $2.15 billion in assets, up 4.4 percent from last year.
Centier also announced $2 million was set aside in the first quarter to cover loan losses, compared with $6 million one year ago.
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Posted in Banking, Business News Bits, Earnings, Regional News
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Korellis Roofing honored by Firestone
HAMMOND – Firestone Building Products has named Korellis Roofing Inc. of Hammond as the 2012 winner of its Master Contractor Award.
Korellis ranks among the top 256 commercial roofing contractors of more than 3,000 licensed by Firestone. In addition, Korellis is among 170 to receive Firestone’s Inner Circle of Quality Award.
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Read Full ArticleArcelor Mittal completes $60 million project
BURNS HARBOR – Arcelor Mittal has completed a $60 million upgrade of its 160-inch plate mill at Burns Harbor. The new heat-treat line will help make the mill a leader in steel production, said John Mengel, chief operating officer.
With the upgrade, steel can be produced quicker and with higher quality, said Mengel. The project included a new level, which will reduce the stress on …
Read Full ArticleMCEDC honors companies for investment
MICHIGAN CITY – The Michigan City Economic Development Corp. held its 2012 Business Investment Awards Celebration recently at Blue Chip Casino Hotel and Spa. The event is held every two years to recognize local companies who have made substantial financial investments the previous two years.
“Staying in business is one of the greatest accomplishments most companies can claim and we wanted to recognize those …
Read Full ArticleNew Carbon sold to PNC Riverarch Capital
SOUTH BEND – New Carbon Inc., which provides waffle and pancake mix to restaurants and hotels across the country, has sold a controlling interest of the business to PNC Riverarch Capital of Pittsburgh.
New Carbon was founded in 1937 and serves more than 40,000 customers in North America. Last year, the company has $30 million in sales.
PNC Riverarch Capital is part of PNC …
Read Full ArticleIV Diagnostics promotes region innovation
HAMMOND – The Pride and Pedestal event at the Indiana Welcome Center recognized innovation in Northwest Indiana. The event was hosted by IV Diagnostics Inc. of Valparaiso and the Society of Innovators of Northwest Indiana.
IV Diagnostics CEO Frank Szczepanski said there is opportunity to make the region a center for advanced cancer research. The company is supporting the non-profit group The Foundation for …
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