Vera Bradley shares soar after it boosts outlook
The Indiana-based seller of handbags surprised Wall Street with better-than-expected financial results for its fiscal second-quarter and boosted its earnings outlook for the year.
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Remy buyer played hardball leading up to $950M deal
Pendleton-based auto-parts maker Remy International Inc. did squeeze some extra cash out of its acquirer, Auburn Hills, Michigan-based BorgWarner Inc.—but not a lot.
Downtown Cummins building to be 9 stories instead of 10
The city’s Regional Center Hearing Examiner approved the reduction Thursday. Cummins officials said the change will make the layout of the building more efficient.
Carmel-based Heartland acquires Splenda, plans expansion
Heartland Food Products Group announced Tuesday that it plans to acquire low-calorie sweetener brand Splenda, creating the need for a major expansion at its Indianapolis-area operations.
Allegion adds technology, products, jobs through acquisitions
The company makes entry doors and security products that almost everyone has used but the company remains not that well known.
New Indiana Manufacturing president to focus on training issues
Brian Burton says government spends too much time trying to sell training ideas it has developed rather than involving employers in the process early on.
Steelmakers seek protection from hot-rolled imports
U.S. Steel, Nucor are among the companies that say steel imports are sold at unfairly low prices that make it difficult to compete.
Illinois company to expand into Indiana, create 500 jobs
Hoist Liftruck Mfg. Inc., which is based in the Chicago suburb of Bedford Park, plans to spend more than $40 million to set up manufacturing operations in East Chicago.
Calumet reports profitable quarter on higher sales
Calumet Specialty Products Partners LP turned in a moneymaking second quarter, rebounding from a loss in the same period of 2014, the company reported Wednesday morning.
Remy International takes quarterly loss on lower sales
The Pendleton-based manufacturer of electric motors on Monday reported revenue of $272 million in the period, down from $302.9 million last year.
Hurco plans to add manufacturing workers at local HQ
Hurco Cos. Inc. plans to move some of its manufacturing operations from Italy to Indianapolis, creating 35 local jobs by the end of 2017, the company disclosed in a tax-abatement request with the city.
U.S. manufacturing index shows July slowdown
Exports are contracting, partly because a strong dollar makes U.S. goods more expensive.
Cummins’ shares jump on strong quarterly performance
Shares in Cummins Inc. had their biggest intraday rise in nine months Tuesday morning after the Columbus-based maker of heavy-duty engines reported second-quarter profit and revenue that beat analyst estimates.
Allison’s sales, profit fall on lower global demand
Allison Transmission Holdings Inc. saw revenue and sales slip in the second quarter as global demand for its products waned, the Indianapolis-based manufacturer announced late Monday.
Volkswagen tops Toyota in first-half global sales
Volkswagen overtook Toyota in global vehicle sales for the January-through-June period, the first time the German automaker has come out top in the intensely competitive tallies.
Manufacturers see rebound in orders for durable goods
Orders to U.S. factories for big-ticket manufactured goods posted a sizable gain in June, while business investment rebounded after two months of declines.
Deal crowns Klipsch ‘Cadillac’ of headphones
The Indianapolis-based manufacturer will supply Klipsch Image One headphones to be part of a rear-seat DVD entertainment system for Cadillac’s 2015 and 2016 Escalade Platinum edition.
Hurco acquires two companies in deals worth nearly $20M
Hurco closed on the purchase of Wisconsin-based machine maker Milltronics Manufacturing on Tuesday for about $13.3 million. On Wednesday, it entered into an agreement to acquire Taiwanese manufacturer Takumi Machinery for about $6.5 million.
FAST 25: Skjodt-Barrett Contract Packaging LLC
Skjodt-Barrett started 30 years ago in Toronto, Canada, making pastry fillings and jams for the food-service industry, and as recently as 2010 had only 50 employees.
BorgWarner to acquire Remy International for $950M
Auburn Hills, Michigan-based BorgWarner Inc. announced plans Monday to buy Pendleton-based auto parts maker Remy International Inc.—the 12th largest public company in the Indianapolis area and the 25th largest in Indiana.