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Manufacturing & Technology
Calumet's sales, profit boom after acquisitions
October 31, 2012
IBJ StaffCalumet Specialty Products Partners LP’s profit more than doubled in the third quarter, helped by huge gains in the
fuel-products side of its business following several acquisitions.
MoreCummins posts lower quarterly profit, revenue
October 31, 2012
The Columbus-based manufacturer of diesel engines reported profit of $352 million, or $1.86 per share, compared with $452
million, or $2.35 per share, in the year-ago period.
MoreDiamond Foods closing Fishers plant with 100 employees
October 30, 2012
Scott OlsonThe maker of snack foods such as Pop Secret popcorn and Emerald nuts said it will close its Fishers plant, which it purchased
in 2006 from Harmony Foods Corp., on Jan. 31.
MoreAllison lowers outlook after profit slides 17 percent
October 29, 2012
IBJ StaffAllison Transmission Holdings Inc.’s profit dropped 17 percent in the third quarter after sales slid 14 percent.
MoreContainer makers want to restore fizz to state's recycling fund
October 27, 2012
IBJ StaffThe money, long ago diverted by Gov. Daniels to the state's general fund, would help reduce landfill waste and lower manufacturing
costs.
MoreRapid rise of ExactTarget uplifting for young techies
October 27, 2012
Greg AndrewsIn just over a decade, the interactive marketer has rocketed from bootstrapped startup to New York Stock Exchange-listed company
with a market value of $1.5 billion.
MoreIndiana manufacturers see momentum vanish
October 27, 2012
Dan HumanThe state lost an estimated 1,400 manufacturing jobs in September, the U.S. Bureau of Labor Statistics reported, and a wave
of layoff announcements in recent weeks suggests steeper declines are coming in the year’s final quarter.
MoreExactTarget eyed as attractive takeover target
October 26, 2012
Bloomberg NewsIndianapolis-based ExactTarget Inc., the fast-growing e-mail marketer that went public in March, is likely being looked at
as a possible takeover target by software giants including Microsoft, Oracle and SAP, according to industry experts.
MoreCompany plans to close 450-worker Indiana factory
October 25, 2012
Associated PressMichigan-based Cequent Performance Products factory is planning to close a 450-worker factory in Goshen where it makes trailer
hitches.
MoreFiltration manufacturer moving from Fishers to Anderson
October 23, 2012
Associated PressHy-Pro Filtration plans a $10.5 million construction project for its new facility and will move more than 100 employees from
Fishers to Anderson next year.
MoreNavistar reaches engine deal with Cummins
October 22, 2012
Associated PressNavistar International Corp. said Monday that it reached long-term supply agreements that will allow the company to put Cummins
Inc. engines in some of its largest trucks, as well as use its emissions-reducing technology.
MoreDANZ: Indianapolis tech community should build momentum
October 20, 2012
Kristine Danz / Special to IBJMore money, mentoring would add fuel to lively industry.
MoreUPS Foundation providing $50,000 for technology program
October 20, 2012
IBJ StaffThe Hire Technology manufacturing-logistics curriculum was developed by Conexus in partnership with Ivy Tech Community College.
MoreVIDEO: 12 startup pitches distilled to 3 minutes
October 19, 2012
Mason King
Boiling down the dozen pitches from budding entrepreneurs at Thursday's
Startup Bowl reveals vital themes: the mammoth influence of mobile, an intense craving for consumer data, and the relentless
pursuit of revenue.
Cummins to lay off at least 150 from Indiana plants
October 18, 2012
Associated PressEngine maker Cummins Inc. says it will lay off at least 150 workers from its southern Indiana factories as it carries out
its plan to cut up to 1,500 jobs worldwide by year's end.
MoreUnion: Indiana tech jobs at Cummins expected safe
October 17, 2012
Associated PressA union president says no layoffs are planned among the research, technical and support employees at Indiana operations as
engine maker Cummins Inc. makes cutbacks.
MoreHillenbrand paying $530M for German company
October 16, 2012
Cory SchoutenThe Batesville-based conglomerate best known for making caskets is making its biggest move yet to diversify away from the
funeral care business.
MoreHonda hopes 2013 Civic restores model's luster
October 13, 2012
Dan HumanThe next model of the Honda Civic, due out by year-end, may need hefty changes to silence critics and ensure the company’s
2,000-employee Greensburg factory has strong demand for its signature vehicle for years to come.
MoreBanks eager to loan, but small firms hold back
October 13, 2012
Kathleen McLaughlinIndiana banks can tout more success in small-business lending since the recession ended, but the success is hard-won because
the masses of entrepreneurs remain cautious about borrowing.
MoreRolls-Royce opens Indy service center
October 13, 2012
IBJ StaffThe aviation supplier's first defense operations center in the United States is at its Meridian Street complex downtown.
MoreIU’s tech chief using university's clout to save millions on software
October 13, 2012
J.K. WallUniversities are the hubs of the world’s knowledge economy, but they typically aren’t the smartest business operators
in the world. Brad Wheeler, chief information officer at Indiana University in Bloomington, is working to change that.
MoreExactTarget aims to be one-stop shop with acquisitions
October 12, 2012
J.K. WallIndianapolis-based ExactTarget Inc., which grew up as an e-mail blasting company focused on consumers, is trying to entrench
itself as a one-stop shop for smartly interacting with all manner of customers.
MoreExactTarget buys interactive marketing firms for $116M
October 12, 2012
IBJ StaffThe newly public tech company said it paid $95.5 million for Atlanta-based Pardot LLC and $21 million for Indianapolis-based
iGoDigital.
MoreToyota supplier plans 116 jobs in Hancock County
October 11, 2012
Japan-based Tsuda Industries Co. Ltd. plans to spend $56.2 million to build a facility at Mount Comfort Air Park East, which
should create 116 jobs by 2016, the company said Thursday.
MoreCummins shares slide on job cuts, lower forecast
October 10, 2012
Bloomberg NewsShares in Cummins Inc. saw their biggest one-day drop in three months Wednesday after the Columbus-based engine maker lowered
its forecasts for revenue and profit and said it expects to cut as many as 1,500 jobs by the end of the year.
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If a television station wants to improve viewership, get rid of the local blackout. I was born by the brickyard, and have attended 15 or more races. I have children now, I won't attend unless circumstances are perfect. As those with growing families know, they never are. I'm always impressed that upwards of 250,000 people attend the 500. However, as a growing, or, more apt, sprawling city, Indianapolis and its immediate suburbs count almost 2.2 million. Show the race live, let the venue get a kick-back on revenues, and open-wheel racing might have a fighting chance to be relevant again. Just in time for those tax-payer lights to make sense.
John Moore, I too have had the same issue recently. A property next to my house was on the Land Bank and I was interested in purchasing. When I tried to contact Reggie, I got back emails that had nothing to do with what I asked about. Actually my latest response from him was on this past Friday. I had asked about how to buy the property and if it was still available. His response to me was to contact the mayor's office to get the schedule of his appearances. (???) Hopefully the city is able to do something to fix what this guy has done, it would be nice if they would take the properties back and sell them properly so land owners like me and you mother would have a fair chance.
I too work in the industry, with over 25 years of experience and your political spin has probably nothing to do with any rebranding. "Let's dress it up" would have nothing to do with the government "telling us how and what to eat." Give it a political rest. And being a producer for a radio show doesn't mean you've been involved in advertising and branding for 30 years.
Ms. Morris did not understand the ways of the business world, otherwise, like the IMS, she could have petitioned the State Legislature for a handout of State Funds for her charity work. Ms. Morris should consider becoming a state lobbyist for Lemonade Stand Operators.
David Copperfield!