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Manufacturing & Technology
Hurco's quarterly profit leaps on higher sales
June 8, 2012
IBJ StaffIndianapolis-based manufacturer Hurco Cos. Inc. on Friday reported a 26-percent rise in profit in the second quarter on growing
revenue.
MoreChrysler investment paying off at Kokomo plant
June 8, 2012
Associated PressOn the cusp of realizing the end result of a historic, $1.3 billion investment in Kokomo's plants, Chrysler officials
here and in Detroit, Mich., are riding high.
MoreRolls-Royce buys out control-system joint venture
June 8, 2012
Kathleen McLaughlinRolls-Royce plc announced Friday that it will acquire the remaining half of Aero Engine Controls, which designs control systems
for aircraft.
MoreTurkey processor moving ahead with Indiana plant
June 8, 2012
Associated PressWork could start this month on a new turkey processing plant in southwestern Indiana a company expects to open with about
350 workers.
MorenFrame plans multi-million-dollar expansion of data center
June 7, 2012
Chris O'MalleyCarmel-based nFrame plans a multimillion-dollar expansion of its high-tech data center near Pennsylvania and 116th Streets,
the company disclosed Wednesday.
MoreCalumet buying Royal Purple for about $335 million
June 6, 2012
Associated PressIndianapolis-based Petroleum refiner Calumet Specialty Products Partners LP is buying high-performance lubricants maker Royal
Purple Inc. of Porter, Texas, for about $335 million, the companies announced Wednesday morning.
MoreJackson Systems plans expansion, 32 jobs
June 5, 2012
IBJ StaffEnvironmental control maker Jackson Systems LLC plans to expand its Beech Grove operations, almost doubling its work force
and the size of its headquarters by 2014.
MoreRolls-Royce must face whistle-blowers’ lawsuit
June 4, 2012
Bloomberg NewsRolls-Royce Corp. lost a bid Monday for dismissal of a whistle-blower lawsuit pressed by two former quality-control officers
claiming the company cheated the United States by failing to report defense-contract product defects.
MoreEnerDel hires first post-bankruptcy chief executive
June 4, 2012
Kathleen McLaughlinDavid Roberts, the company's intellectual property lawyer since January 2011, is the new CEO. Richard Quirin, who was
chief financial officer at IMMI, a seatbelt maker based in Westfield, is the new CFO.
MoreTechnical engineering firm bought for $12 million
June 4, 2012
IBJ StaffIndianapolis-based Productive Resources LLC, a privately held technical engineering firm, has been acquired for $12 million
by Waltham, Mass.-based Lionbridge Technologies Inc., the companies announced Monday.
MoreLocal company part of $470 million paper mill deal
June 4, 2012
IBJ Staff and Associated PressIndianapolis-based holding company Schwarz Partners LP has formed a joint venture with The Kraft Group LLC to buy two major
paper mills from industry giant International Paper Co. The mills are part of a three-mill sale worth $470 million.
MoreCharter schools in pipeline to be heavy on technology
June 2, 2012
J.K. WallThree "blended learning" educational organizations have been approved to open 19 charter schools here that combine online
technology and face-to-face instruction. The strategy allows schools to save money by employing fewer teachers, yet also can
produce impressive student results.
MoreChaCha joins list of elite startups
June 2, 2012
Red Herring magazine's annual list of top tech startups previously included the likes of Facebook, Google and Yahoo.
MoreTaxing career path ultimately appeals to entrepreneur
June 2, 2012
Chris O'MalleyAccounting, church jobs lead to software firm that helps tax accountants manage property tax disputes.
MoreSPECIAL REPORT: Stock-based pay builds wealth for Indiana execs
June 2, 2012
Greg AndrewsIBJ's annual review of proxy statements for Indiana public companies found senior executives' median compensation
rose 14 percent in 2011. But that analysis uses the fair market value of stock and options awards on the date they were granted.
If a company's stock price surges, executives can make out far better. (with searchable
database)
MoreE&A buttered by $125M sale of Udi's to Smart Balance
June 1, 2012
Chris O'MalleyIndianapolis investment firm E&A Industries is cashing out of its majority stake in Udi’s Healthy Foods LLC by selling
the Denver-based food company to margarine maker Smart Balance Inc. for $125 million.
MorePolice car maker not giving up on Indiana plans
June 1, 2012
Associated PressA company with plans for building high-tech police cars at an eastern Indiana factory has added a venture capitalist on board
as it tries to raise millions of dollars to get off the ground.
MoreReally Cool Foods plant on auction block
June 1, 2012
Scott OlsonReally Cool Foods closed the 78,000-square-foot facility in November and is searching for a buyer to help repay creditors.
One potential suitor is Sugar Creek Packing Co. of Ohio, which has offered $13 million, according to a bankruptcy filing.
MoreStruggling BlackBerry maker could be drag on BrightPoint
May 31, 2012
Kathleen McLaughlinBlackBerry maker Research In Motion Ltd., which said it wouldn't turn a profit this quarter, accounts for about 10 percent
of BrightPoint's distribution business.
MoreCalumet plans to add 48 jobs at Indianapolis headquarters
May 25, 2012
IBJ StaffThe oil refiner, which currently has 75 full-time Indiana employees, has begun hiring management, accounting, sales, human
resources and information technology workers.
MoreBiz boosters embrace One Click, but it's no sure thing
May 19, 2012
Cory SchoutenHusband-and-wife entrepreneurs Randy and Angie Stocklin started Greenwood-based One Click Ventures out of their home with
$20,000 in 2005. They now own a portfolio of niche retail websites, including SunglassWarehouse.com, HandbagHeaven.com and
Scarves.net, which brought $5.3 million in revenue last year.
MoreState's chilly recycling climate means higher costs for container makers
May 19, 2012
Chris O'MalleySome manufacturers favor legislation that would encourage consumers to return their empties.
MoreHerff Jones goes digital to invigorate yearbook sales
May 19, 2012
Anthony SchoettleLocal firm hired Carmel-based MediaSauce two years ago to help design, develop and market Stitch, a platform for schools to
create an online version of their yearbook. The product, tested at 54 schools, is expected to roll out nationally in July.
MoreShares of Facebook stall after company's record IPO
May 18, 2012
Bloomberg NewsFacebook sold 421million shares to raise $16 billion, giving the company a $104 billion market value. After the debut, underwriters
bought the stock to keep it from falling below the IPO price.
MoreCummins hires ex-Indianapolis mayoral candidate
May 16, 2012
Melina Kennedy has joined the diesel engine maker's corporate communications team and will be responsible for executive communications,
research and speechwriting for CEO Tom Linebarger.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.