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Manufacturing & Technology
Cummins to cut as many as 1,500 jobs; Indiana impact unclear
October 9, 2012
IBJ Staff and Bloomberg NewsResponding to a sputtering global economy, Columbus-based Cummins Inc. said late Tuesday afternoon that it expects to cut
1,000 to 1,500 jobs by the end of 2012. The diesel engine manufacturer also cut its forecast for full-year revenue to about
$17 billion from $18 billion.
MoreMembers sue consumer ratings site Angie's List over fees
October 9, 2012
Chris O'MalleyA federal lawsuit seeking class-action status alleges that Angie’s List automatically renews members' subscriptions
at a higher rate than they’re led to believe, under what it calls a “systematic and repeated breach of its membership
agreement.”
MoreLocal furniture maker acquires northern Indiana company
October 9, 2012
Facility Concepts Inc.'s purchase of Classico Seating in Peru, Ind., gives the manufacturer of restaurant furniture about
100 employees and 250,000 square feet of manufacturing space.
MoreT2 Systems might tap cash hoard for acquisitions
October 6, 2012
Chris O'MalleyFast-growing T2 Systems has been biding its time since scoring a $28 million equity infusion a year ago, but the maker of
parking management software could soon be towing competitors out of its space.
MoreChrysler drives off with $2.5M refund from Duke Energy
October 5, 2012
Chris O'MalleyThe automaker had claimed in a complaint to the state that Duke acted in "draconian" fashion by holding onto the
seven-figure deposit for service at its Kokomo plant since 2009.
MoreCummins shortens work week at Columbus factory
October 5, 2012
Associated PressThe engine maker says that slowing demand led to the decision to scale back hours for the 350 workers at its Columbus Fuel
Systems Plant. The new four-day workweek will continue indefinitely.
MoreHostess to cut wages for Indiana bakers in labor deal
October 4, 2012
IBJ StaffHostess Brands Inc., the maker of Twinkies and Wonderbread, has received the go-ahead from a U.S. bankruptcy court judge to
lower wages for thousands of bakery workers, affecting more than 400 employees in Indiana.
MorePrecision Cutoff closing Franklin metal-tube plant
October 4, 2012
Dan HumanThe Franklin metal-tube factory with 39 employees plans to close early next year, less than five years the $2 million plant
opened.
MoreLocal software developer plans to add 25 jobs
October 2, 2012
Connect Think LLC said it will add the jobs by 2016 and will invest $244,000 in equipment to continue its focus on mobile
application development.
MoreCummins gets EPA approval for key engine
October 1, 2012
Dan HumanCummins Inc. has received the Environmental Protection Agency’s blessing on a redesigned engine that will meet the first-ever
set of federal standards for heavy-duty truck emissions.
MoreU.S. Department of Commerce recognizes Indianapolis exporter
September 29, 2012
IBJ StaffHoosier Gasket Corp. received the Export Achievement Award for its recent success in Eastern Europe and China.
MoreSale of signature game Phase 10 sent Fundex into ditch
September 29, 2012
Greg AndrewsThe nightmare that culminated with the Plainfield-based company’s recent Chapter 11 bankruptcy filing began in the depths
of the financial crisis, when the company’s lender yanked its more-than-$10-million line of credit.
MoreJudge dismisses whistleblower suit against Rolls-Royce
September 27, 2012
Scott OlsonA former senior project engineer at Rolls-Royce's Indianapolis plant accused the company of selling parts to the government
that it knew did not meet contractual specifications.
MoreRemy International getting prepared for another attempt at IPO
September 27, 2012
Scott OlsonThe Pendleton-based auto-parts manufacturer is offering 40,000 shares to employees and immediate family members to boost its
number of stockholders before a broader public offering.
More$1B fertilizer plant proposed for southwest Indiana
September 27, 2012
Associated PressA $1 billion nitrogen fertilizer plant proposed for southern Indiana's Spencer County would create 1,200 construction
jobs over three years and about 80 full-time jobs.
MoreWhirlpool readies shutdown of 220-worker Evansville center
September 26, 2012
Associated PressThe company said it would try to relocate as many employees as possible to Michigan, though 30 percent are eligible for retirement
in 2014.
MoreSun King brewing another round of growth
September 22, 2012
Greg AndrewsAfter just three years in business, Sun King finds itself the second-largest brewer in Indiana, behind only Three Floyds Brewing
Co. in Munster, which produces about 23,000 barrels and also is growing quickly.
MoreStartup aims to take business cards into digital age
September 22, 2012
Andrea Muirragui DavisIndianapolis entrepreneur Nick Carter thinks he’s found a way to eliminate the “black hole” of marketing
data: smart business cards that track how recipients use them.
MoreiPhone 5 launch draws Apple fans worldwide
September 21, 2012
Associated PressIn a now familiar global ritual, Apple fans jammed shops from Sydney to Paris to pick up the tech juggernaut's latest
iPhone. Analysts estimate Apple will ship as many as 10 million of the new iPhones by the end of September.
MoreCity lands grant to study reuse of old automotive sites
September 19, 2012
Kathleen McLaughlinFederal and local funds will be used in the effort to reposition manufacturing sites abandoned by GM, Ford, Chrysler and Navistar.
MoreState's largest private company on verge of IPO
September 19, 2012
IBJ Staff and Bloomberg NewsBerry Plastics Group Inc., the largest private company in Indiana, may set terms for its initial public offering as soon as
this week, said two people with knowledge of the matter.
MoreExactTarget's stock price falls as insiders unload shares
September 18, 2012
Scott OlsonThe stock fell more than 7 percent Tuesday after company insiders shed more than 7.5 million shares of the Indianapolis-based
marketing software firm. The selloff follows the expiration Monday of the company's lock-up agreement.
MoreChinese PC giant to buy Carmel software firm Stoneware
September 18, 2012
IBJ Staff and Associated Press, Bloomberg NewsLenovo Group said the purchase of the 67-employee company would "enhance and expand" its cloud computing business.
MoreIndiana auto-parts supplier set to add jobs
September 18, 2012
Associated PressAn auto-parts supplier in northeastern Indiana plans to expand its operations and create as many as 95 new jobs.
MoreTippecanoe Co. to put crime info at public's fingertips
September 16, 2012
Associated PressCrime activity and information on people taken to jail or being released will soon be available to the public through a new
app being developed for the Tippecanoe County sheriff's office.
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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.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.