Otis Elevator expected to close plant with 200 workers
Bloomington city officials say it appears an Otis Elevator Co. plant with about 200 workers will be closing next year after the company opens a new plant in South Carolina.
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IU launches $250K student biz-plan competition
A group of 10 investors created a $1.1 million fund to support $250,000 in annual prize money to Indiana University students in Bloomington who submit the best business plans for an Internet or software company.
Local firm shows off for consumer-electronics buffs
Indy Audio Labs is shipping its first finished product and had it certified by THX Ltd., the gold standard in consumer electronics, in time for a major industry trade show this month.
Irsay blazing a trail through Twitter
The Indianapolis Colts’ Jim Irsay is among only a handful of NFL owners tweeting and has three times as many followers as such high-profile owners as the Dallas Cowboys’ Jerry Jones. His offbeat tweets are seen as marketing genius by some. Others wonder if they ramble a bit too far out of bounds or undermine Irsay’s staff.
UAW extends GM, Chrysler pacts after deadline passes
The decision has little impact on the thousands of Indiana GM and Chrysler workers. As part of 2009 government bailouts, the two firms and their workers had to agree not to strike over wages.
Big sales forecast by CEO boosts Cummins stock
Cummins Chairman and CEO Tim Solso said Tuesday that 2011 would be a record year for the Columbus manufacturer.
Wind-turbine company moving into Evansville plant
A company that makes wind-turbine blades says it will start its first U.S. facility at a former refrigerator plant in Evansville that Whirlpool Corp. closed last year. The business said it could employ up to 400 workers in the area by 2014.
ExactTarget preparing for another IPO attempt
ExactTarget Inc., which canceled plans for an initial public offering during the 2009 financial crisis, has hired JPMorgan Chase & Co. and Deutsche Bank AG to handle a new attempt, said sources familiar with the matter.
EnerDel parent in danger of losing NASDAQ listing
The New York-based parent of EnerDel, which has almost 400 employees in the Indianapolis area, told investors Friday that it had received written notice of its failure to comply with NASDAQ's listing requirements.
Cummins to sell light-duty filtration business
Engine-maker Cummins Inc. said Thursday that it will sell its light-duty filtration operations to Industrial Opportunity Partners LLC, a private equity firm run by one of its executives.
Rail firm says it won’t reach 650-jobs goal in Muncie
Progress Rail Services, which said last October that it would create up to 650 jobs in Muncie by 2012, now expects to employ just 250 people at the plant by the end of next year, according to a magazine.
Hurco shares jump on profitable quarter
Computerized machine tool maker Hurco Cos. Inc. on Friday announced its third consecutive quarterly profit, helped in part by its best sales performance ever in Asia.
Trailer manufacturer adding 200 jobs in northeastern Indiana
Howe-based Cruiser RV LLC will begin hiring this month as part of an $850,000 expansion to add a new production line in nearby LaGrange.
TechPoint adds to Indiana Entrepreneur Bootcamp
Annual program put on in conjunction with Ice Miller law firm will offer more workshops on business fundamentals.
Not-for-profit seeks purchase that would aid Easter Seals
Crossroads Industrial Services Chief Operating Officer Curtiss Quirin has a certain sense of urgency as he looks to buy a business to add revenue to the not-for-profit contract manufacturer, because Crossroads provides jobs for people with disabilities, and generates a surplus that feeds the revenue-starved parent organization, Easter Seals Crossroads.
Herff Jones jumps into cheerleading
Yearbook-and-class-ring maker Herff Jones on Aug. 1 bought Memphis-based Varsity Brands, the top supplier of cheerleader uniforms, as well as the force behind cheerleading’s evolution into a stand-alone sport. Varsity will bring Herff about $250 million in annual revenue through its uniform sales, training camps and competitions.
ChaCha broadens business strategy
Mobile-phone-answers service ChaCha Search has dialed up its largest expansion yet—entering the United Kingdom and contracting with New York City’s “311” municipal information service.
Abound Solar undeterred by rivals’ bankruptcies
Abound officials are quick to reassure that the company is on track with its original business plan, which calls for adding a huge amount of manufacturing capacity in Tipton in 2012 or 2013 and hiring 900 to 1,200 people.
Medical manufacturer plans Fishers expansion
Tridien Medical, a Coral Springs, Fla.-based manufacturer of therapeutic support surfaces, plans to expand its plant in Fishers, adding up to 40 new jobs by 2013, including 25 in the next year.
General Assembly considers going paperless with iPads
Indiana state lawmakers may trade in the reams of paper they use each session for sleeker iPads.