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Manufacturing & Technology
Subaru targets more growth at Indiana plant
January 15, 2013
IBJ Staff and Bloomberg NewsThe 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.
MoreMuncie-based glass maker to be sold for $1.6B
January 14, 2013
Bloomberg NewsArdagh 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.
MoreNew ChaCha unit to pair celebrities, advertisers
January 12, 2013
Chris O'MalleyThe 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.
MoreExactTarget stock finishes year in positive territory
January 12, 2013
The marketing software maker that went public in March is ahead of its offering price even as it suffers because of some competitors'
woes.
MoreAnalyst cuts Cummins rating, citing rise in shares
January 11, 2013
Associated PressAnalyst Stephen Volkmann lowered his rating on the engine maker's stock to "Hold" from "Buy," noting
that the shares have risen 30 percent from their October lows and are now just 10 percent below all-time highs.
MoreHurco reports increase in quarterly, annual profit
January 11, 2013
The Indianapolis-based maker of computer-controlled machining tools attributed much of the increase to higher demand for its
products in North America and Europe.
MoreSprint first carrier to sign on to FM radio service
January 8, 2013
IBJ StaffSprint on Tuesday announced a preliminary agreement with radio industry representatives that will enable customers to listen
to local FM radio stations on their mobile phones. Emmis CEO Jeff Smulyan was a key negotiator in making the deal.
MoreAuto makers, including those in Indiana, enjoy big year
January 3, 2013
IBJ Staff and Associated PressStrong U.S. sales in December capped a remarkable year for the auto industry. U.S. sales of models manufactured in Indiana
in 2012 by General Motors, Toyota, Honda and Subaru outpaced the national rate, rising 17 percent.
MoreTipton manufacturer with 173 workers says its closing
January 3, 2013
IBJ StaffSteel Parts Manufacturing Inc. says it plans to close its plant in Tipton, ending employment for 173 workers. The company
told the state the closure and layoffs will begin Feb. 28 and end by March 14.
MoreReport: Plug-in vehicles slow to spark interest in Indy
January 2, 2013
Dan HumanPlug-in electric vehicles, which are struggling to gain traction nationwide, have even less appeal in central Indiana than
they do in most areas of the country, a new study says.
MoreLegal fight fuels tensions in tight-knit tech world
December 29, 2012
Chris O'MalleyA trademark-infringement case brought against App Press LLC threatens to smother the tech startup in legal fees before it
reaches its potential.
MoreSensient settles over use of 'popcorn lung' chemical
December 26, 2012
Scott OlsonThe locally based flavor maker has agreed to reduce its usage of diacetyl, which had prompted fines from the state. The deal
significantly reduces the amount of the penalty—from $325,500 to $99,000.
MoreChrysler expansion fueled by optimistic sales outlook
December 22, 2012
Dan HumanChrysler Group LLC is betting on huge sales gains to justify the more than $374 million it is considering investing in Kokomo
and Tipton to make a new line of nine-speed transmissions.
MoreFinish Line pulls plug on new website
December 22, 2012
Cory SchoutenThe Indianapolis-based chain rolled out a new FinishLine.com four days before Black Friday. But glitches and customer complaints
forced it to revert to the legacy version Dec. 6.
MoreSlinky maker’s owner buys bankrupt Fundex for $1.7M
December 20, 2012
Scott OlsonPrivate equity firm Propel Equity Partners is acquiring Fundex following a court-ordered auction in which a surprise bidder
surfaced, driving up the price of the company.
MoreDigital marketer Raidious to add up to 75 downtown jobs
December 20, 2012
IBJ StaffThe company, which currently has 20 Indianapolis employees, began its expansion this fall by leasing 2,800 square feet of
office space in the Morrison Opera House, 47 S. Meridian St.
MoreGM to buy back 200M shares as part of government exit
December 19, 2012
Associated PressThe Treasury plans to sell its remaining stake in General Motors over the next 15 months, allowing the automaker to shed the
stigma of being partly owned by the U.S. government.
MoreChrysler plans 400 more jobs, $212M expansion in Kokomo
December 17, 2012
Dan HumanChrysler Group LLC on Monday night said it was planning to spend as much $212 million on another expansion in Kokomo that
could add more than 400 jobs.
MoreCarbon Motors plans to build different vehicle in Indiana
December 17, 2012
Associated PressA company planning to one day build high-tech police cars in a vacant eastern Indiana auto parts factory says it has a second
vehicle that it plans to produce in Indiana.
MoreBuyer of vacant Connersville factory gets more time
December 17, 2012
Associated PressOfficials of an eastern Indiana city are giving the potential buyer of a large vacant auto parts factory more time to close
on the purchase.
MoreChrysler plans $162 million plant, 850 jobs in Tipton
December 17, 2012
Dan HumanTipton officials approved a 10-year tax abatement worth $2.5 million to help the company launch production in a nearly 800,000-square-foot
plant at U.S. 31 and State Road 28, about 25 miles north of Carmel.
MoreStartup's stuffed toys help kids do good
December 15, 2012
Andrea Muirragui DavisIndianapolis-based Promise Monsters makes and sell plush toys that promote kindness through secret “missions”
kids are asked to complete.
MoreCarmel poised to gain HQ of new public company
December 14, 2012
Scott OlsonIngersoll-Rand PLC said it plans to spin off its commercial and residential security unit, which is headquartered in Carmel,
into a separate public company. The security division has $2 billion in annual revenue and 1,300 employees in the Indianapolis
area.
More400 workers to be laid off at Indiana Humvee plant
December 14, 2012
Associated PressAM General says it plans to lay off 400 employees at its military assembly plant in northern Indiana beginning Jan. 1.
MoreChrysler seeks tax incentives on Kokomo plant
December 14, 2012
Associated PressChrysler Group LLC is seeking tax incentives for its transmission plant in Kokomo at the same time it's asking Tipton
County officials for similar incentives on a vacant plant.
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You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.
For those who let this information strike a nerve, remember that this is still the America that allows the freedom to achieve dreams and goals. Should you really chastise those who are given a perk on a deal that is supported by the consumer (that is until they don't like the deal anymore due to envy) or should the dream of rewards for working be looked at a little closer? I say lets stick to the deal, go to work,earn our keep, shoot for dreams, change our jobs to have that dream or shut up about others achievements ..............while we are still afforded this liberty of America !
Three Magi
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.