Category: Statewide News

Horizon acquires bank in Franklin, Ind.

MICHIGAN CITY – Horizon Bancorp, the parent company for Horizon Bank in Michigan City, has acquired Heartland Bancshares Inc. in Franklin. It operates Heartland Community Bank.

The agreement calls for Horizon to issue 0.54 shares of common stock for each share of Heartland common stock. Horizon’s price per share is $18 and Heartlands was $9.72.

“Heartland, which has the No. 1 deposit share in …

Read Full Article
Posted in Banking, Business News Bits, Corporate Transactions, Expansion, Statewide News | Leave a comment

Purdue professor named to academy

WEST LAFAYETTE – Supriyo Datta, the Thomas Duncan Distinguished Professor of Electrical and Computer Engineering at Purdue University, has been named one of 66 new members and 10 foreign associates named to the National Academy of Engineering.

He has been at Purdue since 1981 and since 1985 he has focused on current flow in nanoscale electronic devices and is known for his contributions …

Read Full Article
Posted in Business News Bits, Education, Innovation, International, Promotion, Purdue, Recognition, Statewide News | Leave a comment

Innovators honor two Michigan City companies

MICHIGAN CITY – Winn Machine and MCTD Inc. of Michigan City has been named Team Innovator of the Month by The Society of Innovators of Northwest Indiana.

The two companies have developed a mobile “green” solar-powered generator designed to operate equipment in disaster zones as well as construction sites in domestic and world markets.

The generator features 18 panels that tilt skywards on an …

Read Full Article
Posted in Business News Bits, Entrepreneurship, Environment, Innovation, Recognition, Renewable Energy, Statewide News | Leave a comment

Merrillville hosts Department of Energy meeting

MERRILLVILLE – Northern Indiana organizations that are promoting clean vehicle technologies and alternative fuels will be featured during the 2012 annual meeting of South Shore Clean Cities Inc., a nonprofit organization sponsored through a U.S. Department of Energy program.

South Shore Clean Cities Inc. officials have invited business owners, nonprofit organization leaders and community members to join them in speaking about the benefits of …

Read Full Article
Posted in Business News Bits, Energy, Government, NIPSCO, Region Events, Renewable Energy, Research, Statewide News, Technology | 1 Comment

Purdue Cal now a StormReady university

HAMMOND – Purdue University Calumet has been certified as a StormReady University. The designation means PUC has increased preparedness for extreme weather, improved safety programs and strong line of communication between the university and the National Weather Service.

The certification also included training for university staff as basic storm spotters.

“Becoming a StormReady University increases our value to the university community and increases the …

Read Full Article
Posted in Business News Bits, Education, Government, Purdue, Statewide News, Valparaiso University | Leave a comment

St. Lawrence Seaway concludes 53rd season

WASHINGTON, D.C. – The St. Lawrence Seaway closed for the 2011 shipping season on Dec. 30 when the westbound vessel Algona Spirit reached Lake Ontario at 7:54 a.m. after leaving the locks on the St. Lawrence River.

It was open for 284 days in 2011, beating the record set in 2006 by one day.

Tonnage was up 2.5 percent to 37.5 million tons with iron …

Read Full Article
Posted in Business News Bits, Government, International, Statewide News, Transportation | Leave a comment

Purdue Cal students tops in business game

HAMMOND – A team of five Purdue University Calumet management students tied for the top ranking in a world-wide, online, simulated business competition involving 4,247 teams from 288 colleges and universities.

Team members were Mary A. Gross of Valparaiso, Sarah Moen of Hobart, David Ramsey of Hammond, Aaron Schultz of St. John and Allauddin Abdulghani of Glendale Heights, Ill. They took part in The Business

Read Full Article
Posted in Business News Bits, Education, Purdue, Recognition, Statewide News | Leave a comment

Purdue research examines pill for food illness

WEST LAFAYETTE – Modified probiotics, the beneficial bacteria in digestive health, could one day decrease the risk of Listeria infection in people susceptible immune systems, according to Purdue University research.

Researcher Arun Bhunia, Mary Anne Amalaradjou and Ok Kyung Koo, found that the same Listeria protein that allows bacteria to pass through intestinal cells and into bloodstreams can help block those same paths when added …

Read Full Article
Posted in Business News Bits, Education, Research, Statewide News | Leave a comment

Bankers Association names board members

MICHIGAN CITY – The Indiana Bankers Association has named 20 members to its board of directors during its annual meeting recently at the Blue Chip Casino Convention Center.

Chairman if Patrick J .Glotzbach of the New Washington State Bank in Charlestown; first vice president is James C. Marcuccilli of STAR Financial Bank in Fort Wayne; second vice chairman is David W. Heeter of Mutual

Read Full Article
Posted in Banking, Business News Bits, Corporate Leadership, Statewide News | Leave a comment

New York law firm opens Indianapolis office

INDIANAPOLIS – The New York law firm of Epstein Becker Green has expanded its operation by opening an office in Indianapolis to represent health care and life science clients.

EBG said Indiana is home to some of the biggest names in health care and life sciences, adding 8,800 jobs to the state in recent years and home to 825 medical device companies, drug manufacturers and …

Read Full Article
Posted in Business News Bits, Butler University, Expansion, Indiana University, Law, Statewide News | Leave a comment