Steak n Shake opening in United Arab Emirates
The Indianapolis-based restaurant chain struck a deal to open 40 locations starting next year in the Middle Eastern country, its first venture outside the United States.
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U.S. Department of Commerce recognizes Indianapolis exporter
Hoosier Gasket Corp. received the Export Achievement Award for its recent success in Eastern Europe and China.
Pence seeks affordable college; Gregg after more trade
The two leading candidates for governor offered starkly different plans for improving the state's economy Thursday. Democrat John Gregg wants the state to increase exports by 50 percent. Mike Pence pushed for programs to help students graduate from college within four years.
Indiana University planning global studies school
Indiana University is planning a School of Global and International Studies in an effort to draw more attention to its international programs.
Cummins cools off, but Seymour expansion still in works
Cummins Inc.—a company that quadrupled its profits in two years—has shifted to cost-cutting mode amid a drop in global sales, but the Columbus-based engine manufacturer says it’s still on track to increase sales from $18 billion in 2011 to $30 billion in 2015.
Lilly braces for decline in Europe
Austerity and upheaval in Europe have not hurt Eli Lilly and Co.’s $4 billion-a-year drug business there, but the company is moving forward with plans to survive a coming swoon anyway.
Chinese business advisers set to scout Indiana sites
A group of 20 advisers to Chinese businesses looking to expand in the United States plan to visit several Indiana sites starting Wednesday.
State exports face drop in 2012, after 2011 record
Indiana’s exports are going strong this year but may not be enough to break a record of $32 billion in exports set last year.
Indiana city sees many high-skilled immigrants
Companies based in a central Indiana city are hiring a greater percentage of people with visas for high-skilled foreign workers than any place in the U.S. other than California's Silicon Valley, according to a new study.
Abound failure raises questions anew about Obama policies
The failure of a second solar manufacturer that received loan guarantees from the U.S. Energy Department adds to pressure on President Barack Obama to justify incentives for the clean-energy industry that’s being undercut by Chinese competition.
Lt. Gov. Skillman leads trade mission to China
Indiana Lt. Governor Becky Skillman has embarked on her second trade mission to China in hopes of boosting the market for Indiana-made goods.
U.S. losing drug-research jobs to other countries
Eli Lilly and other big pharmaceutical companies are creating thousands of research jobs overseas as countries led by Singapore, Ireland and South Africa boost incentives.
Promised tariff cuts could spur Indiana exports to China
Indiana logistics firms and their manufacturing clients could gain new export opportunities to China if the country follows through on plans to reduce taxes on imported goods.
Lilly to focus on cancer, diabetes in China, CEO says
Indianapolis-based Eli Lilly and Co. will introduce “over a dozen” new products in China in the next five years, focusing on “unmet needs” such as cancer and diabetes, CEO John Lechleiter said this week.
Lilly plans 200 jobs at new $440M Ireland plant
Eli Lilly and Co. plans to invest about $440 million in a new pharmaceutical plant at an existing company site in County Cork in southern Ireland. The facility in Kinsale will require as many as 200 skilled employees when fully operational.
Local manufacturer tapped for trade mission to Russia
Hoosier Gasket Corp. hopes to land more business in Russia, where a growing middle class and new financing options are fueling the automotive market.
Indiana deals ranged upward of $800 million
Mergers and acquisitions in 2011 ranged from WellPoint’s acquisition of CareMore to a trucking company merger.
Software executive teaching intercontinental collaboration
Weary of having to teach new hires how to work on teams with people halfway around the globe,
ocal software development firm CEO Chris Riester has begun teaching a college class that gives students international experience at home.
Is China headed for ‘soft-landing slowdown’
An oasis of growth for some Hoosier manufacturers, China’s economy is headed for a slowdown. That affects both Indiana companies that have outposts in China, and the firms that export to the Asian powerhouse.
Overseas rules change could pave way for Simon deals
New rules proposed for real estate investment trusts in the United Kingdom could help Indianapolis-based Simon Property Group Inc. as it seeks to expand its shopping mall dominance outside the United States.