Investment manager sees good growth prospects for 2014
Tom Pence predicts change for U.S. manufacturing.
Manufacturing
Articles
Two plead guilty to Purdue computer hacking
The former engineering students were charged with hacking into their professors’ accounts to boost their grades.
Better homes and gadgets: Household power use falls
Even though our lives are more wired than ever, power usage is on track to decline for the third year in a row due to more energy-efficient housing, appliances and consumer-friendly devices.
Company aims to open $350M plant next year
Magnetation Inc. already has started construction on several large buildings in the town of Reynolds, and intends to start producing iron ore pellets by the second half of 2014.
Target says customers’ encrypted PINs were stolen
The retailer claims the PIN numbers of some 40 million customers are safe and secure, but a security consultant counsels changing the access codes.
Websites try to nix nasty comments
After years of encouraging anything-goes online discussion, a growing number of websites are trying to rein in the mean-spirited outliers.
Flexsteel settles Elkhart contamination suit for $6.25M
The Iowa-based furniture maker was accused of polluting the water wells of nine homes in the northern Indiana community.
Young CEO has big plans for employee-training software firm
Upstart Lesson.ly, an Indy-based developer of training software, is run by a 25-year-old and is trying to cut into a $42 billion market dominated by titans such as IBM and Oracle.
Cummins sues T-shirt sellers for logo infringement
Cummins Inc., the Indiana-based maker of truck engines, has sued three named and 10 unnamed defendants for trademark infringement. The company claims the defendants are making and selling T-shirts bearing its trademarks without permission.
T-shirt printer plans 105 jobs in Lawrence
ooShirts said it will invest $1.2 million to equip a 26,000-square-foot building that will house more than 25 automatic and manual presses.
GM to invest $1.3 billion in five factories
An Indiana plant will get $29.2 million to make parts for 10-speed transmissions and for six-speed transmission components. The Bedford facility has about 600 workers.
Pence: State vying for Boeing airplane facility
Indiana is among 15 states competing for a $10 billion Boeing airplane manufacturing and assembly facility that could employ up to 8,500 workers by 2024.
Cummins plans wellness center for employees
The facility in Columbus would be the first of its kind for the company. Should the concept prove successful, Cummins will consider similar arrangements in other areas with Cummins plants, said Dr. Dexter Shurney, chief medical officer for Cummins.
Logistics call center plans to hire 40 veterans
Flagship Logistics Group has begun hiring for a customer support center it opened downtown this month, in a historic building at 429 N. Pennsylvania St.
Carmel-born Yowza!! app acquired by Arizona company
Yowza!!, a coupon phone app co-founded by a Carmel software developer, will be acquired by Arizona mobile commerce company Spindle Inc.
Unintentional entrepreneur parlayed consumer-electronics savvy into PR firm
Arland Communications, run by former Thomson Consumer Electronics spokesman Dave Arland, is the only area firm focused entirely on the $200 billion-plus annual consumer electronics market.
Interactive Intelligence’s early bet on cloud paying off
The maker of call center software has seen its stock price rocket from about $20 to $62 over the last 25 months. The runup has swelled the company’s market value from $400 million to $1.3 billion.
Car parts maker to expand operations, hire 120
Mayco International LLC will invest $2.9 million and significantly boost employment at its Hartford City plant, due to new client orders for interior sunshades.
Shoe maker targets Indiana for 184 customer-service jobs
The maker of Stride Rite, Sperry Top-Sider, Hush Puppies and Keds footwear plans to expand operations in Richmond, creating 184 jobs by 2017 and retaining 130 workers in the city about 65 miles east of Indianapolis.
Security firm’s job-creation plans draw state incentives
Allegion PLC’s plans to add employees at its North American headquarters in Carmel could earn the global security firm as much as $2 million in tax credits from the Indiana Economic Development Corp.