Manufacturing & Technology

World Media Group to expand Indianapolis operations

February 11, 2010
 IBJ Staff
Multimedia products maker World Media Group Inc. will invest more than $2 million to expand its manufacturing operations on the east side of Indianapolis, increasing its workforce by 20 percent.
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Governors ask Congress to go easy on Toyota

February 10, 2010
 IBJ Staff and Associated Press
Indiana Gov. Mitch Daniels and three other governors of states with Toyota plants are calling on Congress to be fair to the automaker in hearings concerning safety recalls.
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ExactTarget reports record annual results

February 9, 2010
Anthony Schoettle
Locally based e-mail marketing firm opens London office, adds big-name clients and secures $145 million in venture capital.
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Shareholders in bankrupt Accuride pursuing loan

February 9, 2010
Bloomberg News
Accuride shareholders are trying to arrange a $400 million loan to fund the Evansville company’s exit from bankruptcy.
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Calumet Specialty investigating cause of Louisiana explosion

February 8, 2010
Bloomberg News
Indianapolis-based Calumet Specialty Products Partners LP is investigating the cause of a Friday blast at its refinery in Shreveport, La., that damaged some nearby properties.
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Super bummer: Indy plant churns out Saints T-shirts

February 8, 2010
Mason King
The Colts' Super Bowl loss saddened employees at a local plant that makes NFL gear, but the Saints' win will give the bottom line a bigger boost.
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Demand for smart-phone applications spawns opportunitiesRestricted Content

February 6, 2010
Chris O'Malley
Smart-phone fever is heating up the climate for innovation in the local tech community, as firms new and old try to cash in on the demand for applications that can be used on the iPhone, BlackBerry and other gadgets from the likes of Palm and Google.
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Sigma Micro becomes Fifth Gear LLC

February 6, 2010
 IBJ Staff
The name change reflects the completion of the company’s integration with Missouri-based Stark Brothers Fulfillment, which Sigma Holdings acquired in 2007.
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Scale Computing succeeds quickly after co-founder moves it to IndianaRestricted Content

February 6, 2010
Chris O'Malley
Not even a year has passed since Scale Computing launched its first product, yet CEO Jeff Ready forecasts 2010 revenue with the confidence of a meteorologist giving the three-day outlook.
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Shelbyville tech park keeps tax incentives

February 5, 2010
Kathleen McLaughlin
State officials are giving Shelbyville's struggling Intelliplex business park another chance to use tax incentives to land new companies and high-paying jobs.
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Brightpoint profit up despite declining revenue

February 4, 2010
 IBJ Staff
Wireless device distributor Brightpoint Inc. saw revenue decline in the fourth quarter, but the Indianapolis-based company still managed to bounce back from $346 million year-ago loss with an $18.3 million quarterly profit.
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New emissions standards drive up Cummins profit

February 2, 2010
Kathleen McLaughlin
Columbus-based diesel engine maker Cummins Inc. posted its most profitable fourth quarter in company history, thanks to a rush on engines that won't have to conform to new emission standards.
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Enzon Pharmaceuticals sells Indy drug plant; 100 local jobs safe

February 1, 2010
New Jersey-based Enzon Pharmaceuticals Inc. has sold its Indianapolis plant that manufactures specialty drugs in a deal that could top $300 million. The buyer says that the operations, which employ about 100, will remain in the city.
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Litigation slows entrepreneur behind laser weapons, flying scooterRestricted Content

January 30, 2010
Chris O'Malley
Anderson entrepreneur Pete Bitar has been slowed by litigation but still plans to spearhead a team in the competition to put a rover on the moon.
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ALTOM: Does instant messaging make business sense?Restricted Content

January 30, 2010
Tim Altom
An instant messenger is one of those technologies that seems silly until you start using it.
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Trade group TechPoint calls for Mira Awards nominations

January 30, 2010
 IBJ Staff
TechPoint is now accepting nominations for its 2010 Mira Awards.
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Wireless bidding system BidPal drives charity auction offers higherRestricted Content

January 30, 2010
Chris O'Malley
Tech executive Scott Webber and a local entrepreneur are out to revolutionize benefit auctions, which, despite their importance in raising an estimated $16 billion a year for not-for-profits, can be remarkably primitive.
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Cantaloupe unveils newest e-mail marketing product

January 30, 2010
 IBJ Staff
Local technology firm's VideoHere system allows companies to embed videos in their marketing e-mails.
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Haynes pays CEO almost twice as much as predecessor

January 29, 2010
Peter Schnitzler
CEO Mark Comerford's $1.46 million in total compensation in fiscal 2009 was nearly double Francis Petro's pay the previous year—even though the company's revenue dropped 31 percent in the same period.
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Analyst: Recalled Toyotas likely won't face long-term resale hit

January 29, 2010
Chris O'Malley
Recalled Toyotas have been yanked from used-vehicle auction blocks, but resale values should be protected if Toyota handles the recall with "transparency," according to a local analyst.
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Job cuts begin at east-side steering parts plant

January 29, 2010
Fifteen employees at an east-side automotive plant operated by a Ford subsidiary will lose their jobs on March 31. More job cuts are expected, as the factory prepares to close by the end of 2011.
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Mobile lab maker Biologics to create 50 jobs in Brownsburg

January 29, 2010
 IBJ Staff
A startup that makes mobile laboratory and manufacturing facilities will locate its headquarters, design and manufacturing operations in Brownsburg, creating at least 50 jobs by 2013.
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Interactive Intelligence fourth-quarter profit up 74 percent

January 29, 2010
 IBJ Staff
Record product orders spur sales at Indianapolis-based software maker Interactive Intelligence, propelling profits to $2.5 million.
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Bicycle-components manufacturer adding 105 jobs

January 27, 2010
Zipp Speed Weaponry said it will create 105 jobs by 2013 and invest $12.4 million in a new manufacturing plant in Indianapolis to make its high-end bicycle components.
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Bluefish Wireless set to announce up to 150 new local jobs

January 27, 2010
Chris O'Malley
A Zionsville firm that manages employers' wireless devices plans expansion, new jobs. Clients include such Fortune 500 companies as Intel, Oracle, Ford Motor Co.
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  1. Choice between a democrat and a question mark? Take the question mark. We have all seen what the democrats will do.

  2. Its easy to blame workers. What about the Management of the Mill. Its not smart in business to not have a back up plan. Workers are afforded sick days in most cases. Union or not. Whether drunk partying, or a real sickness. Why would you as a businessman/woman not have a rotation of workers incase this happens. This is not an exclusive union protection. If the company can prove bad intentions on the part of any union employee. They can take action. Most CBA's have a 3 strike policy. Just like most Non-union company policies. You should read a CBA sometime. There are protections for companies too. Unions understand that businesses need to make money. If they don't, the union's member won't have a place to work.

  3. My kids play hockey on the North side and we have been very happy with the youth program. More Ice would create more opportunity for kids to pay this great sport. With 3 rinks that would also create more figure skating opportunities. What better gift to give your kids than a sport they will love!

  4. Naah, only Indy place fans were robbed of seeing Zanardi race. CART fans saw his amazing talents just about every weekend. And F1 fans saw him too. Zanardi didn't care he wasn't at Indy, neither do 99.18% of other race fans world wide. And CART fans are quite pleased of the domination of their drivers and owners have had at Indy, in the IRL, and in the current Indycar series....almost 99.18% of the time since 2000 Indy 500. I respect Zanardi, but his life goes on without Indy. Sucks to be you Capt.

  5. So let me get this right: gun permits online are fraud proof, but voting is as easy as 1-2-3.--But at least we agree that someone without a photo ID cannot be trusted with a gun.

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