Articles

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.

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Rolls-Royce tax-incentives deal set for hearing

A plan to offer a 10-year tax abatement worth $23 million for Rolls-Royce Corp. to redevelop two plants on the west side and move thousands of office workers into downtown’s Faris campus is scheduled for an initial hearing Wednesday.

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Food company closing in Indiana has unpaid bills

An organic food company that is closing its eastern Indiana preparation center was offered up to $3.5 million in state tax credits to open its plant, but it owes more than $31,000 in property taxes and sewer bills.

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Military contractor cutting 200 jobs in Fort Wayne

Military contractor ITT Exelis is cutting about 200 jobs from its operations in Fort Wayne. The move comes as the company is winding down work on a multiyear contract to make sophisticated radios for use by combat troops.

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EnerDel parent dismantles executive team

Ener1 Inc., the struggling parent company of Indianapolis-based advanced-battery maker EnerDel, continued its tumultuous year by naming a new CEO, president and chief financial officer.

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