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.
Manufacturing
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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.
Allison falls short of earnings, revenue expectations
Allison Transmission Holdings Inc. on Monday reported a jump in profit in the third quarter despite sliding revenue.
UPDATE: Report finds optimism among state manufacturers
The survey by IU's Kelley School of Business found that four out of five Indiana manufacturing companies consider their businesses healthy or stable.
Five tech firms with varied niches are on promising trajectories
Reaching the publicly traded level might not happen for anyone in the next year or two, but Indianapolis has several companies (including Jeff Ready’s Scale Computing) that have hoisted themselves out of the often-shaky startup phases and are ready to take off.
Carmel firm’s bird feeders perched in 2,700 Walmarts
Sisters Jan Long and Chris Mowery had little more than an idea in 1995 when they trekked to Kmart’s corporate headquarters to pitch a product they thought had potential: a recyclable bird feeder their father had designed to promote his plastics business. They left with their first big contract.
Tech deal escalates battle of titans
The CEOs and of four cloud marketing companies–two national and two local–might make Indianapolis into a bridge between two feuding Silicon Valley giants. Or put the city in the middle of an aggressive arms race in one of the tech industry’s hottest markets—cloud marketing.
Countertop maker plans to add 32 jobs in Zionsville
Cincinnati-based Sims-Lohman Inc. said it will invest $2 million to buy and equip a 57,000-square-foot facility in Zionsville. The firm already employs 22 full-time workers in the Boone County community.
Investors pour $5 million into beer technology firm
Carmel-based SteadyServ Technologies expects to roll out its keg-sensor system early next year and trigger an aggressive hiring phase.
Controversial TV streamer planning to launch in Indy
A digital streaming service that television broadcasters deem so threatening they recently petitioned the U.S. Supreme Court for help plans to enter Indianapolis next year.