A recession and rising international competition kept Indianapolis-based Vertellus Specialties Inc. from soaring as quickly as its owners planned, but the company’s chief says the chemical maker—a leading manufacturer of Deet insect repellent—still will be put up for sale.
Profit shot up for some, while others fought setbacks.
Emphasis on efficiency, technology is softening job demand.
Jerry McColgin saw firsthand the power of innovation during his 15 years at Whirlpool Corp., starting on the factory floor and working up to lead an Evansville-based team of 35 people scattered across 17 countries.
The Purdue Polytechnic Institute being planned in Anderson could have programs for 500 students and hundreds of entrepreneurs.
Interns in the first Xtern program will live together at IUPUI and work at 12 of the city's tech companies, including ExactTarget, Interactive Intelligence, Apparatus, HC1, Smarter Remarketer and Tinderbox.
Engineers from several locations will be based at the $70 million center about 50 miles south of Indianapolis, and more than 600 people could be working there when it is completed next year.
Food companies and restaurants could soon face government pressure to make their foods less salty for health reasons.
Indianapolis is considering nearly $2.6 million in tax breaks over 10 years as an incentive for Interactive Intelligence’s planned $28 million investment.
Medtronic Inc., the second-largest maker of medical devices, will be based in Ireland after the acquisition for tax advantages.
The automaker is recalling nearly 512,000 Chevrolet Camaro muscle cars from 2010 to 2014 because a driver’s knee can bump the key and knock the switch out of the “run” position.
The dirt is left over from previous construction near the site at the Lafayette industrial park where GE Aviation intends to build a 225,000-square-foot plant.
Officials at BrightPoint Inc.—a company once so tied to the cell phone industry it used the ticker symbol “CELL”—today speak as fondly of athletic bands as they do Androids.
The man who steered ExactTarget Inc.’s sales as they surged from $3 million to $110 million has taken a top job at a New York document-management company.
General Motors Co.’s delayed decision to recall almost 2.6 million cars for ignition-switch defects is being investigated by Indiana Attorney General Greg Zoeller, a spokeswoman for his office said.
ConAgra Foods says it will spend nearly $9 million to expand its popcorn production operations in northwestern Indiana, where it expects to add up to 80 workers in the coming year.
Indiana’s sectors are among the strongest in the nation, according to a recent report. But challenges remain in work force education, the cost of worker benefits, and the pace of innovation.
Carmel-based Delta Faucet Co. has a new president after a pair of promotions by parent company Masco Corp., the companies announced.
Calumet Specialty Products Partners LP plans to spend $25 million acquiring a 22-percent stake in a gas-to-liquids plant in Louisiana.
A San Diego venture capital firm has made a big bet on Indigo BioSystems Inc., which just installed its founder as the new chief executive.
