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.
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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.
Candy Dynamics expands Nuclear Sludge recall
Carmel-based Candy Dynamics has expanded a voluntary recall of its Toxic Waste brand Nuclear Sludge products because they may contain too much lead.
Hartford City parts plant closing, idling 200-plus
Northville, Mich.-based Key Plastics LLC said Thursday it will move work from its Hartford City plant 15 miles north of Muncie to other North American factories.
Interactive Intelligence reports higher profit, revenue
A rise in large orders enabled the business-communications software firm to more than double profit to more than $10.4 million in the fourth quarter. Revenue leaped 41 percent, to $50.7 million.
Coupon site targets lunch-pail crowd
Robert Baer and Joel Curts spent five months and almost $15,000—mostly on programming their own coupon platform—to launch DailyLunchDeal.com, a coupon site focused solely on dining.
Molecules are moneymakers for software firm Indigo BioSystems
Eli Lilly and Co. spin-off has landed new private investment and may double its work force this year.
Aerospace firm plans to add 159 engineering jobs
Aero Engine Controls plans to invest as much as $8.5 million to expand its operations near Indianapolis International Airport, adding up to 159 jobs over the next two years.
Sony moving 150 jobs to Terre Haute plant
A plant closing in New Jersey will result in 150 jobs moving to Sony DADC's factory in Terre Haute.
Cummins sells exhaust business to Global Tube
Cummins Inc. will sell its exhaust business, which includes several plants in Wisconsin, to Global Tube, a portfolio company of the Chicago-based private equity firm Wind Point Partners.
LEADING QUESTIONS: Inside the mind of Scott Jones
Did the serial entrepreneur really "invent" voice mail? What's his tie to "Dr. Dunkenstein"? Why is lemonade so crucial? The CEO of ChaCha Search has answers.
Steel Dynamics profit drops, but outlook brightens
Fort Wayne-based Steel Dynamics' fourth-quarter profit tumbled 71 percent, but shares rose Monday after the company predicted that the economic recovery would fuel greater industrial demand.
Remy International considering stock offering, CEO says
Pendleton-based Remy International Inc., the former General Motors Co. unit that exited bankruptcy in 2007, is considering a public offering of its stock this year, CEO John Weber says.
Michigan City snack-food baker adding up to 100 jobs
Hearthside Food Solutions says it will invest $3.8 million to expand its operations and hire new workers. The company bakes snack foods for such brands as Keebler, Nabisco and Kraft.
Unions looking to make Hoosier comeback
Indiana could be on the front line in the United Auto Workers’ campaign to unionize foreign-owned plants.
Indiana mergers and acquisition ranged upward of $2.3 billion
Simon Property Group’s acquisition of Prime Outlets was the largest by an Indiana company in 2010.
Uptick in M&A activity suggests a turnaround
Fourth quarter helps to bolster 2010 deal-making.
Former Allison exec settles suit alleging bribery
A former China-based executive of Allison Transmission has agreed to drop a lawsuit that claimed the company won business by bribing foreign officials. But it's likely that the firm still must deal with scrutiny from the Department of Justice, according to one legal expert.
ChaCha lands $3M investment
The Carmel-based company said the latest round of financing extends a $20 million investment it received in October to fund an expansion of its signature mobile service.
Brightpoint to re-enter the Polish market
Indianapolis-based Brightpoint Inc., which helps cell phone makers manage their supply chains, said Wednesday that it is re-entering Poland, a market it exited two years ago at the height of the global downturn.