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Manufacturing & Technology
nFrame plans multi-million-dollar expansion of data center
June 7, 2012
Chris O'MalleyCarmel-based nFrame plans a multimillion-dollar expansion of its high-tech data center near Pennsylvania and 116th Streets,
the company disclosed Wednesday.
MoreCalumet buying Royal Purple for about $335 million
June 6, 2012
Associated PressIndianapolis-based Petroleum refiner Calumet Specialty Products Partners LP is buying high-performance lubricants maker Royal
Purple Inc. of Porter, Texas, for about $335 million, the companies announced Wednesday morning.
MoreJackson Systems plans expansion, 32 jobs
June 5, 2012
IBJ StaffEnvironmental control maker Jackson Systems LLC plans to expand its Beech Grove operations, almost doubling its work force
and the size of its headquarters by 2014.
MoreRolls-Royce must face whistle-blowers’ lawsuit
June 4, 2012
Bloomberg NewsRolls-Royce Corp. lost a bid Monday for dismissal of a whistle-blower lawsuit pressed by two former quality-control officers
claiming the company cheated the United States by failing to report defense-contract product defects.
MoreEnerDel hires first post-bankruptcy chief executive
June 4, 2012
Kathleen McLaughlinDavid Roberts, the company's intellectual property lawyer since January 2011, is the new CEO. Richard Quirin, who was
chief financial officer at IMMI, a seatbelt maker based in Westfield, is the new CFO.
MoreTechnical engineering firm bought for $12 million
June 4, 2012
IBJ StaffIndianapolis-based Productive Resources LLC, a privately held technical engineering firm, has been acquired for $12 million
by Waltham, Mass.-based Lionbridge Technologies Inc., the companies announced Monday.
MoreLocal company part of $470 million paper mill deal
June 4, 2012
IBJ Staff and Associated PressIndianapolis-based holding company Schwarz Partners LP has formed a joint venture with The Kraft Group LLC to buy two major
paper mills from industry giant International Paper Co. The mills are part of a three-mill sale worth $470 million.
MoreCharter schools in pipeline to be heavy on technology
June 2, 2012
J.K. WallThree "blended learning" educational organizations have been approved to open 19 charter schools here that combine online
technology and face-to-face instruction. The strategy allows schools to save money by employing fewer teachers, yet also can
produce impressive student results.
MoreChaCha joins list of elite startups
June 2, 2012
Red Herring magazine's annual list of top tech startups previously included the likes of Facebook, Google and Yahoo.
MoreTaxing career path ultimately appeals to entrepreneur
June 2, 2012
Chris O'MalleyAccounting, church jobs lead to software firm that helps tax accountants manage property tax disputes.
MoreSPECIAL REPORT: Stock-based pay builds wealth for Indiana execs
June 2, 2012
Greg AndrewsIBJ's annual review of proxy statements for Indiana public companies found senior executives' median compensation
rose 14 percent in 2011. But that analysis uses the fair market value of stock and options awards on the date they were granted.
If a company's stock price surges, executives can make out far better. (with searchable
database)
MoreE&A buttered by $125M sale of Udi's to Smart Balance
June 1, 2012
Chris O'MalleyIndianapolis investment firm E&A Industries is cashing out of its majority stake in Udi’s Healthy Foods LLC by selling
the Denver-based food company to margarine maker Smart Balance Inc. for $125 million.
MorePolice car maker not giving up on Indiana plans
June 1, 2012
Associated PressA company with plans for building high-tech police cars at an eastern Indiana factory has added a venture capitalist on board
as it tries to raise millions of dollars to get off the ground.
MoreReally Cool Foods plant on auction block
June 1, 2012
Scott OlsonReally Cool Foods closed the 78,000-square-foot facility in November and is searching for a buyer to help repay creditors.
One potential suitor is Sugar Creek Packing Co. of Ohio, which has offered $13 million, according to a bankruptcy filing.
MoreStruggling BlackBerry maker could be drag on BrightPoint
May 31, 2012
Kathleen McLaughlinBlackBerry maker Research In Motion Ltd., which said it wouldn't turn a profit this quarter, accounts for about 10 percent
of BrightPoint's distribution business.
MoreCalumet plans to add 48 jobs at Indianapolis headquarters
May 25, 2012
IBJ StaffThe oil refiner, which currently has 75 full-time Indiana employees, has begun hiring management, accounting, sales, human
resources and information technology workers.
MoreBiz boosters embrace One Click, but it's no sure thing
May 19, 2012
Cory SchoutenHusband-and-wife entrepreneurs Randy and Angie Stocklin started Greenwood-based One Click Ventures out of their home with
$20,000 in 2005. They now own a portfolio of niche retail websites, including SunglassWarehouse.com, HandbagHeaven.com and
Scarves.net, which brought $5.3 million in revenue last year.
MoreState's chilly recycling climate means higher costs for container makers
May 19, 2012
Chris O'MalleySome manufacturers favor legislation that would encourage consumers to return their empties.
MoreHerff Jones goes digital to invigorate yearbook sales
May 19, 2012
Anthony SchoettleLocal firm hired Carmel-based MediaSauce two years ago to help design, develop and market Stitch, a platform for schools to
create an online version of their yearbook. The product, tested at 54 schools, is expected to roll out nationally in July.
MoreShares of Facebook stall after company's record IPO
May 18, 2012
Bloomberg NewsFacebook sold 421million shares to raise $16 billion, giving the company a $104 billion market value. After the debut, underwriters
bought the stock to keep it from falling below the IPO price.
MoreCummins hires ex-Indianapolis mayoral candidate
May 16, 2012
Melina Kennedy has joined the diesel engine maker's corporate communications team and will be responsible for executive communications,
research and speechwriting for CEO Tom Linebarger.
MoreSubaru to add 100 jobs as part of $75 million expansion
May 16, 2012
IBJ StaffSubaru already employs 3,600 at its Lafayette facility, with 600 workers added in the past three years. The expansion will
ramp up production from nearly 171,000 cars a year to at least 180,000.
MoreKlipsch helps parent firm double cash flow
May 15, 2012
J.K. WallIndianapolis-based speaker maker now owned by Voxx International posted year-end sales of $169.5 million, which appeared to
be flat compared with prior periods.
MoreUniversity Loft adding jobs as it recovers from credit crunch, probe
May 12, 2012
Hayleigh ColomboNearly two years after federal agents raided furniture maker University Loft Co.’s Hancock County plant, the once-fast-growing
firm is seeing business bounce back.
MoreOil refiner Calumet unleashes $150M stock offering
May 12, 2012
Kathleen McLaughlinWith its shares trading up more than 60 percent from the doldrums of last fall, Calumet Specialty Products Partners rolled
out plans to sell another 6 million shares of stock, raising more than $150 million.
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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.