Orders increased 2.1 percent following seven monthly declines, the Commerce Department reported Monday. In further good news, orders in a key category that tracks business investment plans eked out a 0.1-percent rise.
Revenue from overseas markets declined 6 percent from a year ago, but revenue from North America increased 17 percent as strong demand continued for commercial truck engines.
Allison Transmission Holdings Inc. on Monday reported a first-quarter profit that exceeded analyst expectations, but fell short of revenue predictions.
Lebanon-based tool manufacturing Festool USA on Monday announced plans to add 55 workers as part of a $6.8 million expansion.
The defense contractor is on the cusp of investing hundreds of millions of dollars to modernize its Tibbs Avenue factory, Rolls-Royce officials revealed Tuesday at IBJ's aviation and aerospace event.
The Federal Reserve said Wednesday that industrial production—which includes factories, utilities and mines—slid 0.6 percent in March, the biggest drop since a 1.1-percent drop in May 2009.
Peerless Pump Co. is in line to receive a pair of tax abatements from the city after the manufacturer spent more than $18.7 million to improve its Indianapolis plant. The deals could pave the way for an even larger expansion.
An Italian wind turbine maker is expected to pay a central Indiana county $375,000 for failing to meet a goal of hiring 200 workers by the end of 2014.
U.S. factories expanded in March at a weaker pace, with orders growing more slowly and hiring essentially flat. Meanwhile, U.S. construction spending slipped for the second month in February.
Opflex Technologies LLC, a manufacturer of specialty foam products, is in discussions with city officials to move its headquarters from St. Johnsville, New York, to the northeast side of Indianapolis.
Marc Benioff said on social media Thursday morning that he was canceling corporate programs that require travel to Indiana in response to the “religious freedom” bill signed into law by Gov. Mike Pence.
A half-mile long and more than a million square feet in size, the former BorgWarner Automotive plant is a fading landmark in Muncie where more than 5,000 used to work. Today, the building is on sale for $1.75 per square foot.
The four-story, 80,000-square-foot addition will serve as the Carmel-based firm’s public entrance and showroom, as well provide office space for future growth.
Legislation that would prevent the sale of any products containing microbeads in Indiana, is headed to the governor’s office for final approval.
A Greenwood firm that manufactures wireless monitoring and control devices plans to move operations into an abandoned plant on the south side of downtown Indianapolis, allowing it to expand and add 25 workers before the end of the decade.
The corner of Brookside Avenue and 10th Street, just off Massachusetts Avenue, could soon be the center of what city planners hope is a model to address industrial blight.
Food container manufacturer Royal Interpack North America Inc., a subsidiary of Thailand-based Royal Group, announced plans Tuesday to spend $11.9 million to open its first Midwest plant.
Metronet, a cable provider based in Evansville, has agreed to buy Inside Connect Cable and plans to spend $17 million to construct a fiber-optic network in Westfield.
U.S. factories expanded last month at their weakest pace in a year, with orders, hiring and production all growing more slowly.
Calumet Specialty Products Partners lost $63.5 million in the fourth quarter, leading to an unprofitable year.
