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Manufacturing & Technology
Angie's List shares plunge after wider quarterly loss
July 26, 2012
IBJ StaffAngie's List Inc. saw revenue jump 74 percent in the second quarter, but the Indianapolis-based contractor-ratings service
continued to see growing losses as the result of higher marketing expenses. The company's stock fell more than 10 percent
Thursday.
MoreElkhart factory to close by 2013, costing 210 jobs
July 26, 2012
Associated PressAuto-parts maker Gunite Corp. plans to move its manufacturing operations to Rockford, Ill., phasing out Elkhart workers beginning
in late September.
MoreAuto parts manufacturer plans 325 jobs in Anderson
July 24, 2012
Automobile parts supplier Greenville Technology Inc. plans to open a $21.4 million plant in Anderson, creating 325 jobs by
2016, economic development officials announced Tuesday morning.
MoreScale Computing new storage unit with server could play in $5B market
July 21, 2012
Chris O'MalleyLocal firm's new data center is seen as an alternative to so-called "virtualization" trend.
MoreDuo introduces app for hairstylists
July 21, 2012
Founders of MyBestFriendsHair.com aim to help professionals manage client information.
MoreHonda investing $40M in Greensburg, adding 300 jobs
July 18, 2012
Honda Manufacturing of Indiana LLC, a division of Japan-based Honda Motor Co., said on Wednesday that it will invest $40 million
in its Greensburg plant and hire 300 employees later this year as it ramps up production of its compact cars.
MoreIndiana can't collect on IBM welfare lawsuit, judge rules
July 18, 2012
Associated PressIndiana cannot collect millions of dollars it claims IBM owed after its efforts to overhaul the state's welfare system failed,
and the computer giant is entitled to payment for equipment the state kept, a judge said in a Wednesday ruling that condemned
both sides.
MoreWestfield health IT firm sold for $473 million
July 18, 2012
J.K. WallMaxIT’s 1,300 employees, who provide information technology services to hospitals and physician practices, will join
Virginia-based Science Applications International Corp.
MoreHoosier economic engine poised to downshift
July 14, 2012
J.K. WallHoosier employers added jobs faster than those in all U.S. states except two through the end of May, according to federal
estimates.
MoreFinish Line's high-tech store prototype still has kinks
July 14, 2012
Cory SchoutenA prototype store launched by athletic shoe and apparel retailer The Finish Line Inc. on May 25 aims to use technology to
marry brick-and-mortar to the company’s online operation. But interactive tablets that are a centerpiece of the so-called
omnichannel strategy are not yet up and running.
MoreBrightPoint settles two suits against rival Brightstar
July 13, 2012
Scott OlsonBoth lawsuits involved former BrightPoint executives hired by Brightstar who had access to the local firm’s innermost workings
and strategies. The suits, filed in Marion Superior Court, were dismissed Wednesday.
MoreChrysler seeks $2.5M utility deposit from Duke Energy Indiana
July 13, 2012
Chris O'MalleyThe automaker is asking the Indiana Utility Regulatory Commission to look into its dispute with Duke Energy—and order
the utility to return a deposit it required to keep the power on at Chrysler's Kokomo plants.
MoreManufacturer growing Shelby County plant
July 13, 2012
IBJ StaffCalifornia-based manufacturer DrillingWorld plans to expand its operations in Shelbyville, adding as many as 30 jobs by 2015.
MoreMassive unused Tipton plant goes back on the market
July 11, 2012
Scott OlsonThe never-occupied 781,500-square-foot facility is on the market for $39.5 million, a steep discount from the original cost
of roughly $100 million. The plant was built to manufacture auto transmissions. A plan to make solar panels at the site also
collapsed.
MoreRolls-Royce wins $183M Army contract
July 9, 2012
Dan HumanThe British manufacturer, which produces aircraft engines in Indianapolis, has scored a $183 million contract to service engines
for the U.S. Army’s OH-58D Kiowa Warrior scout helicopters, the company announced Monday morning.
MoreBrightPoint's $840M sale ends wild ride for CEO Laikin
July 7, 2012
Greg AndrewsBob Laikin started BrightPoint in 1989, when cellular phones were clunky and brick-like and were mostly for the wealthy.
MoreManufacturers help schools fill training void
July 7, 2012
Dan HumanManufacturers—bedeviled by an underskilled labor force—seek highly trained graduates. Career centers—struggling
with funding cuts—seek support from companies so classes can keep operating.
MoreDrought deals blow to ethanol industry
July 7, 2012
Chris O'MalleyIndiana’s 13 plants distilling the automotive fuel ethanol could soon be sputtering as drought dries up the supply and
boosts the price of corn, their main ingredient.
MoreCarmakers report strong June sales after May slowdown
July 3, 2012
Associated PressFrom mini cars to monster pickups, sales of vehicles charged higher in June and eased concerns that Americans would be turned
off by slower hiring and other scary headlines.
MoreBus seat maker to start production in Indiana
July 3, 2012
Associated PressA German company that makes passenger seats for buses and trains plans to start its first U.S. manufacturing facility in northern
Indiana, creating up to 62 jobs.
MoreUPDATE: BrightPoint sale follows tough stretch for firm
July 2, 2012
Scott OlsonGiven the soft cell phone market and Brightpoint's recent struggles, a sale to California-based Ingram Micro for about $840
million makes sense, analysts say. The two companies announced the acquisition early Monday morning.
MoreUPDATE: Brightpoint's planned sale spawns uncertainty
July 2, 2012
IBJ StaffThe $840M deal, which would eliminate one of Indiana’s six Fortune 500 companies, is casting uncertainty over Hendricks
County, where the company is one of the largest employers.
MoreBrightPoint to be acquired for $840M by California firm
July 2, 2012
IBJ StaffIndianapolis-based BrightPoint Inc. has agreed to be acquired by California-based Ingram Micro Inc. for about $840 million,
the two companies said early Monday morning.
MoreCo-working spaces multiply, giving independent workers options
June 30, 2012
Ellen KobeCo-working sites—shared office spaces designed to give entrepreneurs, free-lancers and consultants the tools they need
to get the job done as well as the chance to interact with other professionals, sans cubicle—are gaining popularity
nationally and, finally, in Indianapolis.
MoreIndianapolis area needs more black engineers, architects
June 30, 2012
Scott OlsonAmong major occupational groups, only farming has a smaller share of African-Americans, government figures show.
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Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.