Local tech company supports education
ExactTarget plans to start a private foundation in 2012 that will support charities working on childhood hunger, education and entrepreneurship.
Manufacturing
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Manufacturing bellwether Hurco turns profitable
The company’s third-quarter profit was $4.6 million on sales of $50.6 million, compared with a year-ago loss of $1.2 million on sales of $26.5 million.
Fish farming could become $1B industry in Indiana
Current estimates place annual revenue for Indiana fish farming at just a few million dollars. But some believe the state’s central location, abundant land and water supplies, and relatively benign regulatory environment could foster a $1 billion industry in the next 10 years.
Chemical maker Vertellus settles case with feds
The U.S. Drug Enforcement Agency complained that local chemical plant Vertellus Specialties sold a chemical used in making PCP to a suspicious company.
Trailer manufacturer cutting 106 jobs in Indiana
Pace American Enterprises in Middlebury is eliminating the jobs as part of a company-wide layoff that so far has affected 250 employees in five locations.
GAO finds cost estimates for F136 engine outdated
Some members of Congress hope to revive work on the alternate engine for the F-35 Joint Strike Fighter, which Rolls-Royce in Indianapolis worked on for nine years before the project was halted in April.
Japanese auto parts maker adding 50 jobs in Franklin
KYB Manufacturing North America Inc. expects to invest $6.4 million to add warehouse and distribution facilities to its existing 51-acre campus in Johnson County.
Indianapolis tech companies seeded by big ’90s success
Money and experience have flowed to a number of firms from Software Artistry executives.
Auto parts manufacturer to open plant in Steuben County
Michigan-based CTA Acoustics Inc. plans to add 140 jobs by 2014 as part of a $9 million plan to open a plant in the town of Orland in northeastern Indiana.
UAW says deal with GM creates or keeps 6,400 jobs
A new four-year contract deal between the United Auto Workers and General Motors Co. will add or keep 6,400 jobs in the U.S. with a $2.5 billion investment, the union said Tuesday. In Fort Wayne, 150 jobs would be created or retained.
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.
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.