North American growth propels Cummins’ profit
Cummins Inc.'s profit jumped 33 percent in the first quarter due to strong demand for its engines in the North American market, the Columbus-based manufacturer said Tuesday morning.
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Power-grid software maker lands $7M in venture capital
Indianapolis-based Blue Pillar Inc., which makes software to manage electrical grids, has closed on $7 million in funding from four venture capital firms, it said Monday.
BrightPoint stock sinks on lower earnings report
BrightPoint Inc. stock fell as much as 12 percent early Friday morning following disappointing first-quarter earnings that prompted the company to lower its 2012 financial forecast.
Growth pushes Bluelock into black
The growing popularity of cloud computing is sending sales skyward for Bluelock, a 6-year-old firm that is turning a profit and garnering national attention.
Angie’s List posts larger loss, but higher revenue
The Indianapolis-based company reported a first-quarter loss of nearly $13.5 million on revenue of $31.1 million. Paid memberships topped 1.2 million, an 81-percent increase from the same period a year earlier.
Interactive Intelligence shares fall on smaller profit
Shares of Interactive Intelligence fell as much 10 percent in early trading Thursday after the Indianapolis-based software maker reported lower earnings.
Illinois furniture manufacturer moving to Indiana
Chicago-based Selected Furniture LLC is planning to move its operations to Indiana, the manufacturer said Tuesday, creating up to 100 new jobs by 2014.
Old Richmond bus plant eyed as manufacturing hub
A Richmond businessman has big plans for the former Carpenter bus plant and property that sits along Interstate 70 on Richmond’s far northwest side.
Cummins plans $219 million expansion at Seymour plant
The Columbus-based manufacturer of diesel engines said it will add 290 jobs in Seymour as part of a major expansion that will include new warehouses, additional engineering, production and testing facilities, and a new office building.
Allison earnings rise on surging sales
Allison Transmission Holdings Inc. saw profits rise 57 percent, to $58 million, in the first quarter, the Indianapolis-based manufacturer announced Monday. The earnings announcement was Allison’s first since it went public in March.
Indiana auto-parts maker plans to add 120 jobs
ThyssenKrupp Presta Terre Haute LLC plans to spend $22 million to add three assembly lines and expand its manufacturing facility in Vigo County by nearly 70,000 square feet.
Honda starts building new Acura hybrid at Greensburg plant
Production of the new Acura hybrid comes after the factory started last year building another alternative-fuel vehicle, the Civic Natural Gas.
Law change allows entrepreneurs to market homemade food
Many Indiana home-based food businesses owe their existence to a law enacted in 2009 that allows them to sell certain types of foods at farmers’ markets and their own roadside stands with minimal state oversight.
Startup wants to make pouring beer from the top passe
Josh Springer has moved to Indianapolis his company that designs and sells draft beer dispensers that fill specially designed cups from the bottom up, speeding the process and cutting down on foam.
Angel Learning’s founder thinking big again
IT professor Ali Jafari, who netted Indiana University $23 million on its $130,000 investment in his Angel Learning when it sold three years ago, recently launched CourseNetworking, which allows learners across the globe to connect and chat around shared interests and class subjects.
Mansfield-King lands state incentives for expansion plan
The Indianapolis-based manufacturer and distributor of personal care products plans to add the 144 jobs by 2016 as part of a $3.4 million expansion.
Rolls Royce locks in work on key military program
The British engine maker received a $151 million contract to continue making engines for the V-22 Osprey.
Engine test facility planned for West Lafayette
Automotive Robotics Proving Labs of Peoria, Ill., plans to construct a $10 million, 50,000-square-foot building that is expected to create 30 jobs.
Central Indiana biodiesel producer files for bankruptcy
E-biofuels LLC in Middletown has fallen into liquidation, listing debts of $17.3 million. The closing of the plant leaves four remaining facilities in the state capable of producing biodiesel fuel.
Australian Gold sues to protect product name
Australian Gold LLC, the tanning salon products company led by Steve and Tomisue Hilbert, is in a trademark dispute with a Boston-based online retailer over the trade name Rue La La.