U.S. factory production rises for 3rd straight month
Manufacturing output rose 0.3 percent last month, up from 0.1 percent in September, the Federal Reserve reported Friday. Overall industrial production, however, fell 0.1 percent.
Manufacturing
Articles
Tipton County won’t stop work at Chrysler plant over permits
Three residents have appealed the Tipton County planning director’s decision to extend without public notice the building permit originally given to Getrag, which stopped construction at the factory in 2008.
Toyota to quit making Camrys in Lafayette
The Japanese manufacturer plans to stop building cars at the Subaru factory after the contract between the companies ends in 2016.
Biometrics researchers see world without passwords
Some Purdue University researchers are working on technology that could see all those passwords that computer users must punch in replaced with steps such as iris and fingerprint scans.
Apparel maker plans to boost operations, hire 28
Founded in 1987, Indy-based Motionwear LLC currently employs more than 180 full-time workers and already has begun hiring new manufacturing, administrative, sales and warehouse employees.
Denver company completes Chromcraft acquisition
Apparel maker Sport-Haley Holdings Inc. has closed its $3.45 million purchase of Indiana-based furniture maker Chromcraft Revington.
Ex-Omnicity CEO blames bank for bankruptcy filing
In his complaint, Greg Jarman alleges an improper account freeze created a liquidity crisis and scuttled plans by a major investor to make a cash injection into the company.
Purdue boosting enrollment in computer science
Purdue University plans to expand undergraduate and graduate enrollment in computer science by more than a quarter to meet growing demand among employers.
Klipsch bolsters marketing with rollout of Gig mini-speaker
The homegrown speaker and headphone maker Klipsch Group in recent weeks released a bevy of new products and launched a marketing campaign headlined by high-profile athletes and a rock band.
Manufacturer to close Indiana plant with 110 workers
PolyOne’s Designed Structures and Solutions division in Warsaw will begin terminating employees Jan. 6, the company said in a filing received Thursday by the Indiana Department of Workforce Development.
Twitter soars as shares debut on stock market
The stock opened at $45.10 a share on Thursday, 73 percent above its initial offering price. Tempering expectations was a big theme leading up to the IPO, but that flew out the window with the stock’s opening surge.
U.S. economic growth perks up in third quarter
The U.S. economy expanded at a 2.8-percent annual rate from July through September, a surprising acceleration ahead of the 16-day partial government shutdown.
T2 Systems loses tax break over technicality
The software developer moved across town to a new address in 2012, which nullified its agreement with the city—although it's still on track to meet its goals for new investment and hiring.
Startup bakery seeking tax breaks on $78M project
Dallas-based Specialty Bakery LLC plans to build a 226,778-square-foot production and distribution facility in southwest Indianapolis that would create 241 jobs by 2018.
Rolls-Royce opens $42M production facility
The facility, which will make engine compressor parts known as banded stators, is expected to employ about 100 high-tech personnel by next year.
Printing facility to close, terminate 150 employees
Big changes in the media industry have dramatically lowered the amount of work available for Multi Packaging Solutions Inc.’s printing plant in Terre Haute.
Rolls-Royce contractor grows on southwest side
Belcan Corp. has hired about 20 people this year and expects to keep adding to its local work force over the next several years as it continues to provide engineering services to Rolls-Royce, its largest local customer.
GE, union talks save jobs at Bloomington plant
About 130 workers at the GE Appliances factory will no longer have jobs effective Friday, although that number is down from about 160 jobs the company announced in early September.
Remy sees lower profit, revenue in third quarter
Remy International Inc. experienced a big drop in profit in the third quarter on a 5-percent decline in revenue, the Pendleton-based manufacturer reported Tuesday.
Cummins’ stock sinks after worse-than-expected quarter
Shares in Cummins Inc. slid more than 9 percent Tuesday morning after the Columbus-based engine manufacturer reported weaker-than-expected sales and profit in the third quarter, and lowered its outlook for the rest of the year.