GE Aviation poised to announce major Indiana plant
Gov. Mike Pence and GE Aviation CEO David Joyce will be on hand Wednesday morning for the announcement at the Purdue University Airport.
Manufacturing
Articles
City considers whether to revoke 3M tax break
Minneapolis-based 3M spent nearly $16 million in 2008 on local buildings and equipment for Aearo Technologies, but hasn’t hit hiring targets set out in a seven-year tax-abatement agreement.
U.S. agrees to $1.2B settlement with Toyota
U.S. Attorney General Eric Holder said it is the largest financial penalty of its kind ever imposed on an auto company.
WTHR last of local affiliates to roll out robotic cameras
Several production staffers at WTHR-TV Channel 13 could wind up looking for work in the months ahead as the NBC affiliate becomes the last of the local stations to extensively automate studio functions.
University Loft’s founder now building electric cars
The founder of University Loft Co., one of the nation’s biggest suppliers of college dorm room and military base furniture, is now venturing into the world of alternative transportation.
Foreign trade zone status easier to come by
Shielding items from customs duties has become cheaper, quicker.
Angie’s List hires former Travelocity tech chief
Robert Wiseman has experience in “high-volume, consumer-centric e-commerce” after working for Orbitz Inc., Travelocity and Sabre Travel Network.
Hurco beats expectations with higher sales, profit
Hurco Cos. Inc. saw slightly higher profit in the first quarter on a 16-percent jump in sales and service fees, the Indianapolis-based industrial technology company reported Friday morning.
Dow AgroSciences nears jackpot from genetic engineering
Dow AgroSciences LLC is spending millions of dollars and racking up hundreds of patents as its expands ever deeper in the burgeoning global market for genetically modified crops and pesticides.
Auto auctioneer invests big in tech as sales go online
KAR Auction Services Inc. expects to spend as much as $125 million on technology this year as its focus continues to shift to the Web and apps.
Hurco’s longtime CFO resigns
John G. Oblazney, chief financial officer at Hurco Cos. Inc. since 2006, has left the Indianapolis-based company to “pursue other interests,” Hurco announced Monday.
Cummins recalling 25,013 engines over possible fire risk
The engines can be found in a variety of commercial vehicles including school and transit buses as well as fire trucks.
ExactTarget revenue climbs, beats expectations
ExactTarget has produced $194 million in sales since Salesforce.com closed on its $2.5 billion acquisition in July.
Tech startup plans 150 local jobs by 2018
Gusto LLC, a tech startup founded by former ChaCha and Overstock.com executive Shawn Schwegman, said it will invest $975,000 to launch the company and its debut product.
Tech firms dangle amenities to lure sought-after workers
Industry goliaths in Silicon Valley have thrown lavish perks at employees for years. As employment in Indianapolis tech firms has skyrocketed in recent years, a lot more companies are looking for workers, heating up competition.
Notre Dame, Purdue, IU to help with manufacturing institutes
The University of Notre Dame, Purdue University and Indiana University have been selected as research partners for two institutes backed by the federal government.
Subaru continues Lafayette factory plans with far fewer jobs
Subaru is moving ahead with its plans for spending more than $400 million to expand and upgrade its Lafayette factory while significantly scaling back the expectations for new jobs.
Bluelock adds former ExactTarget exec, plans to hire 20
Joe Kuntz will help the cloud-services firm explore new markets. Its recent move into data recovery has sparked plans to increase headcount by about 50 percent.
New owner to spend $51M firing up Noblesville foundry site
ID Castings LLC plans to resurrect the property on South Eighth Street, an eyesore that has been underused for years. The company is asking the city for a $1.3 million tax break.
Anthem seeking OK to test online physician visits
House Bill 1258 would allow the large health insurer Anthem Blue Cross and Blue Shield to launch a pilot program using the Live Health Online technology it has developed with Massachusetts-based software firm American Well Corp.