KAR Auction Services riding the wave of auto recovery
Early investors in KAR Auction Services are looking savvy. Since November 2012, KAR shares have marched steadily higher, rising from $12.25 to nearly $29.
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Digital archivist’s lab will document Indy’s mayoral history
History IT plans to hire 20 people for its Indianapolis office, which will focus on documenting Indianapolis' mayoral history.
IU lands $6M contract to manage data network
IU’s Global Research Network Operations Center now handles N-Wave, a nationwide computer network used for transporting research data.
Furniture maker Chromcraft Revington to sell for $3.45M
Denver-based Sport-Haley would pay $2.7 million when the deal closes. It would pay another $750,000 when Chromcraft's plant in Delphi is sold or mortgaged, or 180 days after the merger is complete, whichever is earlier.
Data startup snags $2.1 million venture investment
Perceivant, on the receiving end of a venture capital infusion, was founded in 2012 by veterans of iGoDigital and ExactTarget.
Auto parts supplier expanding Indiana factory
Heartland Automotive plans to spend $38 million on a factory expansion that could add up to 220 jobs in the next two years.
GE workers protest Bloomington factory job cuts
Workers say the company isn’t following through on an investment announced three years ago.
Eco-friendly lighting firm gains wattage after recession
Eco Lighting Solutions in Fishers designs and sells induction lighting, which costs less to install than LED and requires less energy than fluorescent. Induction lights work a lot like cheaper fluorescent ones, but don’t burn out as quickly.
Old-line manufacturer poised to close for good
A manufacturer that has roots in Indianapolis dating to 1924 plans to permanently cease operations in late November unless it can find a buyer for the business.
RV exec seeking new start in Indy
A member of one of the recreational vehicle industry’s elite families hopes to get a fresh start in Indianapolis by launching a manufacturer of super-high-end RVs.
Noblesville company taking on industry giants with healthier snacks
The Darlington snack company for 30 years peddled sweet treats to large institutional users—think schools, hospitals and nursing homes. But growing concerns over America’s obesity epidemic have the small Noblesville company hanging its hopes on healthier fare: all-natural, whole-grain-rich snacks.
Cummins keeping HQ in Columbus, but considering Indy project
Cummins spokesman Jon Mills said the company wants to consolidate its two offices in downtown Indianapolis where about 100 employees work in areas such as communications, information technology and investor relations.
Local manufacturer with 100 workers set to close
CMW International LLC, which has roots in Indianapolis dating to 1924, said all 100 of its employees would lose their jobs if a buyer wasn’t found before Nov. 23.
Auto parts supplier hiring 100 for Indiana plant
Tenneco Inc. officials say the factory in the Noble County city of Ligonier is increasing production to make parts on a new line for Chrysler.
Nestle picks Anderson for $72M plant expansion
Nestle USA plans to invest $72 million to add a seventh production line to its plant in Anderson, the beverage maker announced Tuesday.
Tech firm plans to axe 54 workers in Carmel
Stamford, Conn.-based Frontier Communications Corp. said it has automated a number of systems at its collection center at 11799 N. College Ave. and will no longer need the workers.
GE dropped planned investment in Bloomington factory
A GE Appliances spokeswoman says a $161 million investment announced three years ago was never made at a southern Indiana refrigerator factory where 160 jobs are now being cut.
State loses jobs; unemployment rate declines to 8.1 percent
The state saw sizable job increases in manufacturing, health services and educational sectors, but that was offset by decreases in trade, transportation, utilities and construction.
Central Indiana mayor traveling to Italy to lure business
Anderson Mayor Kevin Smith said he'll meet with executives from five manufacturing companies near the city of Milan during the trip that starts Saturday.
RCA brand lives on, sans Nipper and Chipper
In a plot right out of Jurassic Park, Thomson Consumer Electronics’ old brands such as RCA and Proscan have been revived from old DNA. They’ve been licensed to companies around the world including Indianapolis-based company that operates as RCA Commercial Electronics.