Manufacturing & Technology

Cummins' earnings, revenue fall on weaker demand

February 6, 2013
 IBJ Staff
Engine maker Cummins Inc. saw profit sink 30 percent in the fourth quarter as demand for its products fell in both domestic and international markets. Full-year profit and revenue also fell.
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Purdue lands $14.5M to expand nanotechnology portal

February 5, 2013
J.K. Wall
Purdue University announced Tuesday that some of its researchers won a five-year, $14.5 million grant from the National Science Foundation to expand the school’s online gateway for instruction, research and simulations in nanotechnology.
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Local tool supplier plans to expand, add 20 jobs

February 5, 2013
Indianapolis-based Hahn Systems LLC said it will add 20 jobs by 2016 as part of a $900,000 expansion that includes purchasing and equipping a 27,000-square-foot facility.
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Health care startups hungry for fundsRestricted Content

February 2, 2013
J.K. Wall
Frustrated by up-and-down state funding for startup life sciences companies, industry leaders are talking up a plan to create a dedicated funding stream that could total $30 million a year.
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Emmis executive a technology pioneerRestricted Content

February 2, 2013
Anthony Schoettle
Paul Brenner, chief technology officer for Emmis Communications Corp., is largely credited with pioneering two recent technological breakthroughs that could pump badly needed revenue into the radio industry.
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Remy International CEO Weber stepping down

February 1, 2013
Dan Human
Remy International Inc. President and CEO John Weber will resign at the end of February after leading the company for seven years, the Pendleton-based automotive supplier announced Friday.
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GM moving 80 jobs from Castleton to Michigan

January 30, 2013
Associated Press
General Motors on Wednesday said it plans to move 80 jobs from Indianapolis to Pontiac, Mich., as part of a plan to expand its engine and transmission development headquarters.
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Division of Carmel firm plans 300 jobs in Fort Wayne

January 29, 2013
Associated Press
Accelerated Tanks and Trailers, a division of a Carmel-based company, plans to open a Fort Wayne manufacturing plant that could bring about 300 new jobs to northeast Indiana by 2016.
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Sale of family-owned business leads to lawsuit

January 28, 2013
Scott Olson
Deborah Ecksten, a former shareholder of Indianapolis-based Createc Corp., is suing her brother and mother, claiming they earned multimillion-dollar profits at her expense by selling the company without her knowledge.
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ChaCha secures $14M investment to expand services

January 28, 2013
Scott Olson
The latest round of funding will enable ChaCha to make "significant" investments in new products to expand both mobile and online services, CEO Scott Jones said. Internally, the project is dubbed "Go Big."
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Hillenbrand diversifies by growing whole new businessRestricted Content

January 26, 2013
Kathleen McLaughlin
Casket company turns heads with aggressive foray into equipment manufacturing.
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Marketer SmallBox helping clients improve their culturesRestricted Content

January 26, 2013
Andrea Muirragui Davis
In mid-2011, the staff of local Web marketing firm SmallBox began a period of self-reflection that allowed the team to identify its “North Star,” the purpose, mission and vision that keeps a company headed in the right direction. It's now spreading the word.
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Tool-maker Hurco makes headway after tough stretchRestricted Content

January 26, 2013
Dan Human
The company, which develops computer-controlled equipment for cutting and forming metal, made progress in fiscal 2012 toward restoring profitability to pre-recession levels.
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Maker of app that helps not-for-profits gets seed fundingRestricted Content

January 26, 2013
 IBJ Staff
Cause.it, founded by students from I.U. and Purdue, was awarded $500,000 by Innovate Indiana.
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Rolls-Royce cutting production jobs in Indy

January 25, 2013
Dan Human
Rolls-Royce has offered buyouts and early retirement to 28 union production workers because of decreased product demand. The company declined to say whether any non-union workers were being cut.
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Carmel tech consultant plans expansion, 36 jobs

January 24, 2013
Allegient LLC said it will add the jobs by 2017 and expand its Carmel headquarters by 4,000 square feet.
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Local tooling manufacturer acquired by private-equity firm

January 21, 2013
Techniks Inc., a designer and distributor of industrial cutting tools, has been acquired by Tenex Capital Management. Tenex, in turn, merged Techniks into another of its companies, Jasper-based Nap Gladu, to form a new holding company.
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Trafalgar company bringing reflective technology to consumer marketRestricted Content

January 19, 2013
Chris O'Malley
Halo Coatings, founded in 2007, spent its early years licensing its proprietary reflective technology for powder-coating applications to companies involved in highway infrastructure, such as guardrails. But it's now shifting its focus to the big players in the apparel, medical and consumer-product fields.
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Former BrightPoint exec joins Angie’s List as COO

January 17, 2013
Scott Olson
J. Mark Howell will join the Indianapolis-based public company March 1. Howell previously spent 18 years as an executive with BrightPoint Inc., which was acquired in October by California-based Ingram Micro Inc.
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Fishers auto supplier moving to Anderson

January 16, 2013
Keihin North America Inc. plans to relocate between 130 and 175 management, engineering and development jobs to the Flagship Enterprise Center.
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Sun King brewery lands tax breaks for expansion

January 16, 2013
Scott Olson
The downtown brewery plans to spend $2.1 million on additional equipment and add 20 jobs by 2016 in exchange for a tax abatement from the city.
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Foul odor spurs Oliver Winery hard-cider lawsuit

January 15, 2013
Scott Olson
The Bloomington-based winery claims in a federal lawsuit that it was forced to recall its hard apple cider due to defective cans provided by Ball Metal Beverage Container Corp.
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Subaru targets more growth at Indiana plant

January 15, 2013
 IBJ Staff and Bloomberg News
The maker of Subaru cars is targeting a 6-percent increase in global sales this year, spurred by the introduction of a new Forester SUV model. The company will use its plant in Lafayette to increase output.
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Muncie-based glass maker to be sold for $1.6B

January 14, 2013
Bloomberg News
Ardagh Group said it has agreed to buy Indiana-based glass bottle and jar manufacturer Verallia North America, which has about 4,400 employees at 13 manufacturing plants in the United States, including more than 650 workers in Indiana.
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New ChaCha unit to pair celebrities, advertisers

January 12, 2013
Chris O'Malley
The ever-evolving information/answers service ChaCha Search has launched a startup within the 7-year-old company. Social Reactor will match advertisers with participating celebrities and other “social influencers,” who will use social media tools such as Twitter to drive fans to advertisers. Verge founder Matt Hunckler was tapped to get it rolling.
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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

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