Latest news with #Muncie
Globe and Mail
15-07-2025
- Business
- Globe and Mail
First Merchants Corporation Announces Cash Dividend on Its Preferred Stock
MUNCIE, Ind., July 15, 2025 (GLOBE NEWSWIRE) -- First Merchants Corporation has declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A, represented by depositary shares (NASDAQ: FRMEP) each representing a 1/100th interest in a share of the Series A preferred stock. Holders of depositary shares will receive $0.4688 per depositary share. The dividend will be payable on August 15, 2025, to stockholders of record on July 30, 2025. About First Merchants Corporation: First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank. The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank). First Merchants Corporation's common stock is traded on the NASDAQ Global Select Market System under the symbol FRME. Depositary shares representing a 1/100th interest in a share of First Merchants Corporation's 7.50% Non-Cumulative Perpetual Preferred Stock, Series A are traded on the NASDAQ Global Select Market System under the symbol FRMEP. Quotations are carried in daily newspapers and can be found on the company's Internet web page ( FIRST MERCHANTS and the Shield Logo are federally registered trademarks of First Merchants Corporation. For more information, contact: Nicole M. Weaver, First Vice President and Director of Corporate Administration 765-521-7619
Yahoo
13-07-2025
- Automotive
- Yahoo
Why Was The Muncie M22 Nicknamed The Rock Crusher, And What Were Its Weak Points?
Go buy a winning lottery ticket or empty your retirement savings right now. Once you have your cash in hand, purchase a big-block GM muscle car made in the late '60s or early '70s with an M22 "Rock Crusher" four-speed manual. Yes, get the M22 Rock Crusher, don't spend millions on a 1969 ZL-1 427-powered Corvette with a sigh-inducing M40 automatic that's better for drag racing but worse for your soul. It'll be cheaper to get, say, an L72 Corvette or an LS6 Chevelle, anyway. Now head out to your nearest stretch of empty road and wind through the gears. Once you can stop yourself from giggling with glee, listen to the sounds the car is feeding you. Yes, you'll hear that wonderful high-cube V8, but you'll also hear a stupendous amount of gear whine. That's the M22 earning its "Rock Crusher" name. M22s can trace their lineage back to the four-speed BorgWarner T-10, which itself evolved from the three-speed T-85. When GM wanted stronger transmissions for its high-horse muscle machines in the early '60s, it tinkered with the T-10's design to create the wide-ratio Muncie M20 and the close-ratio M21. But as torque figures increased, so did the need for a stronger transmission. The M22 debuted in 1965, designed to take the tectonic-plate-folding torque of GM's most powerful engines without becoming a pretzel, thanks mostly to its straighter-cut gears, which are also the main source of the whine. Still, even with their higher power handling, M22s have some flaws. Aside from intense gear whine, people point out that the M22's aluminum case can flex, bend, or break, stock shift linkages often bind when running hard, and hard shifts on original-equipment shifters can even lead to broken internals. Read more: These Are The Worst Transmission Recalls Of The Last 5 Years The M22's plastic shifter bushings deteriorate over time, though steel replacements will last far longer. Gear strength isn't much of an issue with M22s unless you're going to push stupendous torque through a stock one. No, the bigger — or perhaps the biggest — issue with the M22 is the aluminum case. Aluminum, by its nature, stretches and bends more than steel or iron. This means that the transmission's internal forces will push out on the case, the gears will move farther apart, and eventually, they can break. Modern replacement Muncie SuperCases are thicker and use a much stronger 356T6 aluminum alloy to eliminate this stretching. Stock M22 shifters are mounted with a bracket to a crossmember. When the transmission twists under hard acceleration, the linkage can bind, causing a missed shift. Upgrading to an aftermarket shifter, such as a Hurst, lets the shifter mount directly to the transmission, eliminating this problem. Another huge benefit of a Hurst shifter is its adjustable stops. As expertly demonstrated by Muncie transmission builder Paul Cangialosi on his YouTube channel, GearBoxVideo, hard shifts in a Muncie with a stock shifter can break the combs that hold the forks in place. But a Hurst's adjustable stops can take this force instead, preserving the transmission's internals. It's almost like Hurst, which helped create some of the most desirable and outrageous muscle cars, from the 455 Hurst/Olds to the AMC Hurst SC/Rambler to the wheelie-popping Hemi Under Glass Barracuda, knows a thing or two about performance. Now that we've torn into the M22's problems, let's give it due praise. The 1970 LS6 454 may have been a terrifying monster with 500 lb-ft of SAE gross torque, but the M22 was a more than formidable leash to reign it in. M20s and M21s also found themselves coping with the thrust of big blocks such as the L72 427, but their gears were cut at about 30 degrees, while M22s had higher grade nickel alloy gears cut at 20 degrees to prevent shedding teeth like a dentist-averse soft-drink addict. Drag racers making dozens of consecutive runs certainly appreciate those straighter gears, even if it can make it sound like there's a roots-blower operating below the floorboard. Reducing gear angles improves strength, but it also increases noise. Case in point, earlier "black tag" ZF six-speed transmissions in the 1989 through 1993 Corvettes had straighter gears and a 450 lb-ft torque rating. Later "blue tag" transmissions in the 1993-1996 Vettes have steeper gear angles for reduced noise, but can only handle 400 lb-ft. So if you don't like gear whine, maybe consider a nice, cheap $13,500 1994 six-speed Chevy Corvette. Case stretching and shifter issues aside, the M22 was Hercules in its time. If you're a purist who wants the authentic experience of vintage muscle, do you care that the M22 has some flaws? Probably not. It may be a relic of a bygone age, but what relic it is. Want more like this? Join the Jalopnik newsletter to get the latest auto news sent straight to your inbox... Read the original article on Jalopnik.
Yahoo
27-06-2025
- Business
- Yahoo
Group welcomes new downtown Muncie businesses
MUNCIE, IN — The Muncie Downtown Development Partnership is welcoming four new businesses to downtown Muncie. Parlour Salon, 109 E. Main St., offers "luxury haircare and skincare services to help clients look and feel their best," according to a news release. Hoosier Made, 108 S. Walnut St., is a "one‑of‑a‑kind boutique celebrating Indiana artisans and locally made goods." RoHo's Martini Bar, 308 S. Walnut St., is a "classy cocktail lounge" that "brings a touch of refined nightlife to downtown Muncie," the release said. The Gathering Place, 125 E. Charles St., is described as a "versatile new venue within the Historic Rose Court" that "offers 1,600 square feet of industrial‑chic event space." 'We're proud to welcome such a dynamic mix of new businesses to downtown Muncie,' said Vicki Veach, executive director of Muncie Downtown Development Partnership. For updates, follow DWNTWN on social media and visit This article originally appeared on Muncie Star Press: New businesses welcomed to downtown Muncie
Yahoo
18-06-2025
- Yahoo
Muncie police investigate man's fatal shooting; suspect in custody
MUNCIE, IN — Muncie police are investigating a local man's fatal shooting. According to Melissa Criswell, a deputy chief for the Muncie Police Department, emergency dispatchers at 7:35 a.m. on Wednesday, June 18, received a report of a shooting at a home in the 1700 block of East Centennial Avenue. Police and Muncie Fire Department emergency medical personnel found a 39-year-old man at that location who had been shot. The shooting victim was taken by ambulance to IU Health Ball Memorial Hospital, where he was pronounced dead, Criswell said. The deputy chief said a "male subject" is being held "in connection to this investigation." "There is no continued threat to the community," she said. The investigation is continuing. Delaware County Coroner Gavin Greene said an autopsy will be conducted this week at the hospital. Anyone with related information is asked to call the MPD detective division at 765-747-4867 or police dispatchers at 765-747-4838. The shooting was Delaware County's fourth homicide of 2025. The county saw a total of three homicides in 2024. Douglas Walker is a news reporter at The Star Press. Contact him at 765-213-5851 or at dwalker@ This article originally appeared on Muncie Star Press: Muncie man fatally shot; suspect in custody
Yahoo
15-05-2025
- Business
- Yahoo
Bring on the hoagies. Wawa opens to first of dozens of Indiana stores this week
Wawa opens for business in Indiana on Thursday, bringing its brand of custom hoagies to the first of dozens of stores planned for the state. Daleville gets the first of the popular Pennsylvania-based convenience store chain. Stores in Noblesville and Clarkesville will open later this month. Wawa will open at 16100 W. Commerce Rd. in Daleville at 8 a.m., with a ribbon-cutting ceremony at 9 a.m. The Noblesville store at 5890 Midland Pointe Boulevard will open at 8 a.m. on May 22. Clarksville's store at 1354 Veterans Parkway will open at 8 a.m. on May 30. All will sell fuel. Known for custom-prepared sandwiches and other fresh food and beverages, Wawa plans to open eight to 12 stores per year in Indiana, eventually getting to up to 60 stores in the state. Freshly-brewed coffee, hot breakfast sandwiches, and a dinner menu that includes burgers, soups and sides are among the food and drink offerings. The privately held company is investing about $7.5 million in Indiana, with each store employing an average of 35 people. Wawa in Indiana: Patrons of longtime Muncie restaurant don't want it replaced with Wawa convenience store The first Wawa Food Market opened there in 1964 as an outlet for a family dairy processing plant's products. Indiana is the 12th state to get a Wawa. Prior to this week, the closest Wawa to Indiana was the Liberty Township, Ohio, store opened in April. The company said it plans to announce Kentucky locations soon. The company has more than 1,100 locations in Pennsylvania, New Jersey, Delaware, Maryland, Virginia, Florida, North Carolina, Alabama, Georgia, Ohio and Washington, D.C. Contact IndyStar reporter Cheryl V. Jackson at or 317-444-6264. Follow her on or Bluesky: @ This article originally appeared on Indianapolis Star: Where to find Wawa in Indiana. Convenience store openings in May
