Manufacturing & Technology

Cummins reports plunge in profit, revenue

October 30, 2009
 IBJ Staff
Cummins Inc. said profit for its fiscal third quarter fell 59 percent and sales dropped by 31 percent compared to the same period last year, though the company said its profitability and cash position improved from the second quarter.
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GM to draw government funds for Delphi costs, source says

October 28, 2009
Associated Press
General Motors Co. will announce later this week that it will draw from its government funding to pay the cost of buying a chunk of troubled parts supplier Delphi Corp., a person briefed on the company's finances said Wednesday.
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Grill maker to locate HQ in Indiana, hire 300

October 28, 2009
 IBJ Staff
Waterloo, Ontario-based Onward Manufacturing Co. Ltd. announced Wednesday afternoon that it would locate its first U.S. grill production center in northeast Indiana, creating more than 300 jobs in Huntington by 2011.
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King Systems, Steel Dynamics fined over safety violations

October 28, 2009
Cory Schouten
The Indiana Department of Labor has slapped two Indiana companies with fines of about $200,000 each for repeated safety violations that put workers at risk.
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New IT firm to create 400 jobs in Kokomo

October 28, 2009
 IBJ Staff
Zuna Infotech will locate in Kokomo's Inventrek Technology Park, a high-tech business incubator and state-certified technology park.
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Revenue, profit on rise for Interactive Intelligence

October 26, 2009
 IBJ Staff
Indianapolis-based business software firm Interactive Intelligence on Monday reported higher third-quarter profit on record revenue of $33.2 million.
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Carmel entrepreneurs with ties to ExactTarget hope SmartFile outshines competitorsRestricted Content

October 17, 2009
Chris O'Malley
File-hosting firm is launching new security software that could set it apart in a crowded field.
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Survey: Manufacturers optimistic about economic recovery

October 13, 2009
Scott Olson
Indiana manufacturers, many of which have suffered major job losses, are optimistic the economy will rebound next year, according to an annual survey commissioned by Katz Sapper & Miller LLP.
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ALTOM: Is it worth tracking employees and their vehicles?Restricted Content

October 10, 2009
Tim Altom
Employees often react badly to, as they see it, being followed around. There are even privacy laws to consider.
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Accuride restructuring under Chapter 11 bankruptcy

October 8, 2009
Evansville-based Accuride Corp. filed for Chapter 11 bankruptcy protection Thursday as part of a restructuring of debt.
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Senate bill doesn't fund Rolls-Royce jet engine

October 7, 2009
 IBJ Staff and Associated Press
The measure holds potential bad news for Indianapolis engine maker Rolls-Royce because it does not contain funding for a key jet engine the company produces, but lawmakers are expected to restore funding when the Senate and House combine bills into a final version.
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Cummins recalling more workers to Indiana engine plant

October 7, 2009
Andrea Muirragui Davis
Enginemaker Cummins Inc. is temporarily adding a second production shift at its MidRange Engine Plant south of Columbus, recalling as many as 270 workers who had been laid off or transferred to other facilities when it was idled in May.
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IT consultant up for tax abatement

October 6, 2009
Cory Schoute
A city board this week will consider tax abatements worth about $47,000 over six years for Indianapolis-based IT consultant Apparatus Inc., which is moving its headquarters to the former WFYI building at 1401 N. Meridian St.
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Carmel man's coupon app for iPhone grabbing Yowza responseRestricted Content

October 3, 2009
Marc D. Allan
A Carmel software developer's app has gotten a lift from a Hollywood actor's unrelenting promotion.
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Local technology firm gets federal praise

October 3, 2009
 IBJ Staff
Data management firm Perpetual Technologies was one of 15 firms nationwide to get Secretary of Defense award.
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Connersville progresses on Carbon Motors deal

October 2, 2009
Kathleen McLaughlin
Connersville Mayor Leonard Urban says the city soon will clear legal and environmental hurdles that stand in the way of Carbon Motors’ launching its operations in the former Visteon plant.
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UPDATE: Hurco exec getting $500,000 exit package

October 2, 2009
 IBJ Staff and Associated Press
James D. Fabris, who is leaving Hurco Cos. Inc. at the end of the month following a long management tenure, will receive an exit package worth more than $500,000.
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Hurco president Fabris to resign

October 1, 2009
 IBJ Staff and Associated Press
Indianapolis-based Hurco Companies Inc., a computer control and software maker, said Thursday that James D. Fabris will resign as president and chief operating officer as of Oct. 31.
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Whirlpool agrees to maintain Evansville operations

September 30, 2009
Whirlpool Corp. has notified state officials that it will continue to operate its refrigeration product development center in Evansville that employs nearly 300 people.
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London hedge fund sues Brightpoint over failed acquisition

September 30, 2009
Peter Schnitzler
A London-based hedge fund has sued Brightpoint Inc. over a $10 million loan it alleges the Indianapolis-based cell phone distributor fraudulently brokered in anticipation of an acquisition in France that never materialized.
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Renewable-energy firm eyeing Tipton County plant

September 28, 2009
A renewable-energy firm is considering manufacturing solar panels in an empty Tipton County plant where transmissions were to be built for Chrysler automobiles, according to the Kokomo Tribune.
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Pennsylvania city not giving up Harley without a fightRestricted Content

September 26, 2009
Kathleen McLaughlin
The motorcycle manufacturer is considering a Shelby County site at the same time that it's pushing for concessions from the union in York, Pa.
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ALTOM: Take the time to set up smartphone securityRestricted Content

September 26, 2009
Tim Altom
It’s remarkable how many people don’t bother setting security features on their expensive smartphones. Because they keep the phone somewhere close to them most of the time, they believe it’s secure, but that’s not true.
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New technology sparks growth for plastics welder

September 26, 2009
 IBJ Staff
Genesis Plastics Welding plans to double the size of its Fortville facilities to 50,000 square feet and add to its staff of 49 people
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Indy Audio Labs wiring for relaunch of high-end home theater brands

September 23, 2009
Chris O'Malley
Two former Klipsch Group engineers plan to return to the market a brand of amplifiers famous among audio enthusiasts. Indy Audio Labs, owned by Rick Santiago and Ted Moore, bought the Aragon and Acurus brands of amps, pre-amps and sound processors from Klipsch and are planning a 2010 launch.
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  1. Yes sir keep cashing those 300K a year checks direct to IMS, while millions disappear from the teams like Rahal's. Guess there wasn't enough ka- ching going around to keep Sarah Fisher in business without their "merger". LOL._____.Meanwhile back in Realville the series with the "best racing in the world" drew what appeared to be about 5000 live spectators ( and probably 1500 of those Target "freebies", and was beaten in the ratings by a series that reportedly consists of "parades" and aired while most people are still sleeping. That will generate those big ka-chings for sure. :-). But, hey, as long as the Speedway gets the cash who gives a damn about the teams?

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  3. If I could actually get the prices...I would do this on my own. We need laws that force provides to publish the costs they will charge. Everyone else gives you the price in advance...except hospitals.

  4. I was under the impression that fencing is not allowed on a front yard and that on a corner, both sides are considered "front" yards, therefore can't be fenced without a variance. Also impedes the visibility for drivers at the intersection. Am I understanding this correctly? Might be why a fence was not included in the plans and a request for a variance will have to be made?.

  5. I was a big fan of Cowards and Carrots, which I got a chance to see at the show. It's currently on Kickstarter, but the designer also put out What's He Building in There last year, which got a fair amount of buzz.

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