Fourth-quarter earnings improve at Calumet
Calumet had profit of $9.5 million in the quarter ended Dec. 31, up from $8.2 million in the same quarter of 2009.
Manufacturing
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UPDATE: House votes to kill pricey jet fighter engine
The decision on military budget cuts could have a big impact on the Indianapolis operations of Rolls-Royce Corp., the city’s second-largest manufacturer behind Eli Lilly and Co.
GM to pay more than $400 million in worker bonuses
Less than two years after entering bankruptcy, General Motors will extend millions of dollars in bonuses to most of its 48,000 hourly workers as a reward for the company's rapid turnaround after it was rescued by the government. Workers in Kokomo could get $3,000.
Budget shrinks 21st Century tech fund
Even as some of its investments bear fruit in grand fashion, the state’s principal fund for investing in high-tech companies may get even less in the next budget than it did two years ago when its funding was cut in half.
Diabetes boom sparks Roche expansion
Roche Diagnostics Corp. is expanding one of its Indianapolis manufacturing plants to keep up with growing sales of its leading brand of blood glucose monitors.
Tech networking group Hackers and Founders changes name to Verge
The new name is meant to distinguish the group from its Silicon Valley namesake.
ALTOM: High-tech crime sometimes does pay
Credit cards and ATMs are rapidly becoming lucrative targets of hackers.
Indianapolis customers line up for Verizon iPhone
Customers waiting outside the Verizon Wireless store in Castleton early Thursday wanted two things: iPhones and warmth.
Defense contractor Gryphon plans Bloomington expansion
Maryland-based defense contractor Gryphon Technologies plans to expand its operations in Bloomington, creating as many as 60 jobs by 2013.
Want to confess your sins? There’s an app for that
A South Bend firm has a bishop’s go-ahead to publish a $1.99 iPhone application to help Catholics through the process of confession.
n/Frame investing $2 million in disaster-recovery center
Carmel-based company is building the 15,000-square-foot facility at its headquarters to consolidate operations. The new center should be ready by May.
Brightpoint shares bask in afterglow of earnings report
The stock has soared more than 28 percent since Wednesday's earnings report. Growth of smart phones and European logistics prospects helped Brightpoint beat earnings estimates.
Missionary group says vendor holding website hostage
Evangelical Baptist Missions Inc. says its former IT vendor is holding its website hostage—potentially hampering the safety of people working abroad.
Klipsch selling for $166M, Audiovox says
Klipsch will become a subsidiary of Audiovox and operate as a stand-alone operation in Indianapolis under the leadership of the current management team, Audiovox said.
Software startup takes on personal finance heavyweights
MyJibe forces everyday consumers to set savings goals and plan what they will need to spend before they spend it.
PROXY CORNER: Hurco Cos.
Indianapolis-based Hurco Cos. designs and produces interactive computer controls, software and computerized machine systems for the worldwide metal-cutting and metal-forming industry.
Hillenbrand Inc.’s first-quarter profit slips on costs
Batesville-based casket manufacturer Hillenbrand Inc. said Wednesday that its fiscal first-quarter profit fell 8 percent as an increase in sales was offset by higher costs.
ExactTarget reports record annual revenue
The Indianapolis-based e-mail marketing firm said revenue in 2010 grew 41 percent, to more than $134 million. The company also marked its 40th consecutive quarter of growth.
Cummins reports record quarterly sales, profit
Sales for the fourth quarter were $4.1 billion, up 22 percent from the same period in 2009. Quarterly profit of $362 million, or $1.84 per share, exceeded analyst expectations.
Rolls-Royce wins a pair of military contracts
Indianapolis manufacturer lines up deals with the Navy and Air Force worth a total of $225 million.