Manufacturing & Technology

State loses jobs; unemployment rate declines to 8.1 percent

September 20, 2013
 IBJ Staff
The state saw sizable job increases in manufacturing, health services and educational sectors, but that was offset by decreases in trade, transportation, utilities and construction.
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Central Indiana mayor traveling to Italy to lure business

September 20, 2013
Associated Press
Anderson Mayor Kevin Smith said he'll meet with executives from five manufacturing companies near the city of Milan during the trip that starts Saturday.
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Recycled paper mill plans 137 jobs in Indiana

September 17, 2013
Associated Press
The Indiana Economic Development Corp. said Tuesday that Pratt Industries will invest $260 million to build the recycling plant next to its existing box-making plant in Valparaiso.
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Entrepreneur not sold on flight times between Indy, San FranciscoRestricted Content

September 14, 2013
Kathleen McLaughlin
The nonstop connection to Silicon Valley that Indianapolis' tech community has been clamoring for is here, but a leading advocate for the service said it doesn’t meet his industry’s needs.
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Gmail’s new 'Promotions' tab creates hurdle for email marketersRestricted Content

September 14, 2013
Dan Human
The change led to an immediate drop in email open rates, from about 13 percent to 12.5 percent, according to MailChimp, an Atlanta-based email marketer, which analyzed 1.5 billion emails it sent around the time Gmail changed.
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New gadget revives waterlogged cellphonesRestricted Content

September 14, 2013
Anthony Schoettle
Joel Trusty realized that if he could remove all the atmospheric pressure from a chamber, he could turn liquid—even liquid inside a cell phone—into a gas at a much lower temperature than otherwise possible.
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AT&T Indiana president Fleetwood leaves company

September 13, 2013
Dan Human
George Fleetwood, the head of AT&T's Indiana operations for more than 13 years, has quietly stepped down "to pursue other interests."
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Tesla luxury electric car seeking outpost at Fashion MallRestricted Content

September 7, 2013
Scott Olson
Tesla Motors Inc. is eyeing space in the Fashion Mall at Keystone and is seeking a zoning variance to sell cars there and to install charging stations within the parking garage.
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Hurco profit plummets on lower revenue

September 6, 2013
 IBJ Staff
Sales for the Indianapolis-based manufacturer decreased across all regions during the quarter, including in its biggest market, Europe, where they fell 11 percent.
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Asian automakers dominate in good month for car sales

September 5, 2013
Bloomberg News, Associated Press
Honda and Subaru led U.S. sales gains in August as auto demand beat projections and Asia-based carmakers, buoyed by Toyota Motor Corp., combined for their best month ever.
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Tech group to trumpet city's digital marketing niche

September 3, 2013
Dan Human
The tech community is rallying around an initiative to brand Indianapolis as the "marketing technology capital of the world," trading on the success of such firms as ExactTarget and Angie's List.
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Ford recalls 370,000 cars

September 1, 2013
Associated Press
Potential corrosion to the cars' steering shafts might result in loss of control. No incidents or injuries have been reported.
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Omnicity lured teen to invest, state saysRestricted Content

August 31, 2013
Chris O'Malley
State securities regulators allege that principals of Omnicity Corp. goaded a 19-year-old to invest $100,000 from his inheritance into the wireless broadband firm so that it could clinch the purchase of an Ohio carrier in 2010.
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Salesforce's bet on ExactTarget starts to pay off

August 30, 2013
 IBJ Staff and Bloomberg News
The $2.5 billion purchase of ExactTarget will add $140 million to $145 million in revenue this year for Salesforce.com, the firm said Thursday. Its shares soared 13 percent in Friday morning trading.
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Local manufacturer to be acquired for $41 million

August 29, 2013
 IBJ Staff
United Kingdom-based Meggitt PLC plans to acquire Piezotech LLC, a manufacturer founded in Indianapolis in 1967, for $41.2 million, the companies announced Wednesday.
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ExactTarget parent cutting 200 jobs worldwide due to merger

August 29, 2013
Dan Human
Salesforce.com confirmed Thursday that its recent buyout of Indy-based ExactTarget creates "synergy," leading to layoffs. Effects on Indianapolis employment are to be "minimal."
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United plans direct flights between San Francisco, Indianapolis

August 28, 2013
Mason King
The daily flights, which are expected to begin on Jan. 7, will fulfill a longtime wish of local tech firms eager for more direct access to the West Coast and Silicon Valley.
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Subaru considers ways to fix its supply problem

August 28, 2013
Bloomberg News
Subaru,  which employs about 3,600 people in Lafayette, is taking measured steps to expand its production capacity, but today it is worried about running out of cars.
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'Prototyper' sees business gain fizzRestricted Content

August 24, 2013
Dan Human
TWeatherford Inc. was launched in 2006 as a reseller for additive manufacturing equipment, often called 3D printers or rapid prototypers. It has done well with the machinery sales and rentals, but has begun providing actual manufacturing services on a larger scale.
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Central Indiana city yanks support from solar-panel maker

August 22, 2013
Associated Press
Columbus is shutting off some of its financial assistance to a solar panel manufacturer because the company hasn't hired enough workers.
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iGoDigital founder sues to fend off dispute over $21M sale

August 21, 2013
Dan Human
Eric Tobias' filing in federal court is intended to head off a potential challenge from a key contractor who believes he is owed more from the company's sale to ExactTarget in 2012.
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Cummins plans to add 500 jobs for Nissan engine

August 20, 2013
 IBJ Staff, Bloomberg News
Cummins said the 5-liter, V-8 turbo diesel will be built in Indiana at the company's historic plant in downtown Columbus, creating up to 500 jobs over the next several years. About 300 people currently work on the V-8 program.
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Cummins to announce engine contract, more jobs

August 20, 2013
 IBJ Staff
Columbus-based Cummins Inc. plans to announce Tuesday afternoon an agreement with Nissan Motor Co. to supply diesel engines for Titan pickup trucks.
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Spurned Indy continues to court manufacturing

August 17, 2013
Anthony Schoettle
Indianapolis is losing manufacturing jobs at a steady, some would say alarming, rate. And the Circle City is not alone, as many metro areas face serious challenges in retaining and attracting manufacturers.
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Fastenal vending machines serve up a revolutionRestricted Content

August 17, 2013
Vending machines, warehouses bristling with technology slash costs.
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