Speedway oil re-refinery begins production
Illinois-based Heritage-Crystal Clean says its refinery here is the second largest in the U.S.
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Mini Thin maker agrees to $1M bankruptcy settlement
Carmel resident Richard Deer, who built a business around Mini Thin dietary supplements, has agreed to pay $1 million in his company’s bankruptcy case.
Cummins posts record results for quarter, 2011
Columbus-based diesel engine maker Cummins Inc. reported record results for 2011, earning $1.85 billion on revenue of $18 billion.
Brightpoint posts record revenue for 2011
The Indianapolis-based provider of logistics services to the wireless-phone industry said it earned $48.8 million on revenue of $5.24 billion last year.
Lotion maker relocating operations to Indianapolis
Indianapolis-based New Sunshine, which is owned by a group led by former Conseco Inc. CEO Stephen Hilbert, said it will add 180 jobs by moving a manufacturing facility from Tempe, Ariz.
Purdue’s tech transfer office ranks No. 6 nationally
Purdue tied with Johns Hopkins and ahead of Cal Tech, Carnegie Mellon University and the University of Michigan.
Mira Awards adds category to recognize IT services firms
Nominations for the awards program, which is a program of TechPoint, are due Feb. 21.
ExactTarget’s IPO plan could draw out suitors
Firms pursuing IPOs simultaneously investigate the possibility of a sale as a matter of course, in part because doing so helps investment bankers assess how they should price shares if they pull the trigger on an offering.
Social media to play big role in Super Bowl
A social media command center will monitor the digital fan conversation via Facebook, Twitter and other platforms, and respond to visitors who need assistance.
Bill aims to lift upside for 21st Century fund
Republican State Sen. Brent Waltz has filed a bill that would require the Indiana Economic Development Corp. and businesses seeking awards from the 21st Century fund to match the state’s money with outside capital at a four-to-one ratio.
Toyota’s Columbus plant named among magazine’s top 10
Industry Week will honor the Indiana factory and others from across the country at an April conference in Indianapolis.
French breast-implant recall could sway U.S. device debate
U.S. medical device makers have spent the last year urging government officials to approve high-risk products faster, like their European counterparts. A scandal over leaking breast implants made in France, however, may make the argument more difficult.
Indianapolis-area mergers and acquisitions in 2011
A number of acquisitions last year disclosed no sale price. In the Indianapolis area, those deals ranged from MacAllister Machinery’s purchase of a Caterpillar dealership in Michigan to Herff Jones’ acquisition of a Memphis, Tenn.-headquartered maker of cheerleading uniforms.
Indiana deals ranged upward of $800 million
Mergers and acquisitions in 2011 ranged from WellPoint’s acquisition of CareMore to a trucking company merger.
Southwest Indiana Toyota plant produces 3 millionth vehicle
Workers at a Toyota Motor Corp. plant in southwestern Indiana are celebrating the plant's production of its 3 millionth vehicle.
City set to cancel tax abatement for medical device firm
Polymer Technology Systems said in 2007 that it would make a $3 million investment at its operation on Zionsville Road and create 110 jobs.
Hurco reports fourth straight quarterly profit
Strong sales in North America and Europe helped the Indianapolis-based machine-tool maker.
Angie’s List sues rival, accuses it of stealing data
The Indianapolis-based ratings service alleges that principals of Click and Improve Inc. secretly joined Angie’s List then illegally harvested more than 24,000 proprietary files.
Indiana county leaders worried over 911 funding
County officials across Indiana scrambling to find money to pay for 911 emergency services say they aren't confident of getting help from state legislators, who might be leery of boosting cellphone fees during an election year.
Software executive teaching intercontinental collaboration
Weary of having to teach new hires how to work on teams with people halfway around the globe,
ocal software development firm CEO Chris Riester has begun teaching a college class that gives students international experience at home.