Indiana’s place in a globalized economy
How will the state stand up against booming—and highly innovative—emerging nations?
Manufacturing
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Health care tech firm Gemms adding 69 jobs
Carmel-based electronic medical records developer Gemms Inc. plans to invest $2.1 million to expand its headquarters and software
development operations here, more than doubling its staff in the next five years.
Toyota accepted record $16.4 million fine
Toyota Motor Corp. agreed Monday to pay a record $16.4 million fine for failing to properly notify federal authorities about
a dangerous accelerator pedal defect. The automaker still denies the government's
allegation that it violated the law.
Steel company reaches settlement with EPA
Alro Steel Corp., which has plants in Indianapolis and Fort Wayne, paid a $120,000 fine over hazardous chemical reporting
violations.
AP source: Toyota set to agree on record fine
Toyota Motor Corp. is expected to agree to a fine of more than $16 million on for failing to promptly report to the government
problems with sticking gas pedals on its vehicles, a Transportation Department official said.
Interactive Intelligence performance lifts CEO’s pay
CEO Donald Brown saw a 32.4-percent increase in total compensation last year as the software-maker's shares soared 169
percent.
California brewer to open Franklin plant, hire up to 150
TailGate Beer said it will invest millions of dollars in machinery, equipment and energy-efficiency upgrades to establish
operations in an existing 48,000-square-foot building in Franklin Business Park.
Carbon Motors’ prototype cop car is crammed with technology
The specialized vehicle can read license plates, sniff for weapons of mass destruction and see people and animals in
the dark.
Delphi seeks $50M tax abatement for new vehicle program
The five-year tax break could help bring a new research-and-development program for electric vehicles to Kokomo, creating
118 jobs and saving 72.
Noblesville company has high hopes for pomegranate
Verdure Sciences, a botanical-extract distributor, has invested more than $1 million in marketing and research,
and hopes to see its product in more
foods and drinks, perhaps even mouthwash.
$15M loan brings EnerDel closer to launching production
The locally based battery maker serves as collateral on the financing lined up by its New York-based parent, Ener1.
Shelbyville insulation company laying off 100 workers
Knauf Insulation will idle employees in June for at least six months, as demand for its building products remains soft.
Rolls-Royce bags $51 million Marine contract
Four-year agreement to provide engines for tanker aircraft is the latest military contract snared by Rolls-Royce’s local operations.
Carbon Motors, the anti carmaker
The upstart cop car manufacturer is doing lots of things differently, including the way they track your car.
Hundreds show interest in jobs at police car maker
Company executives told those at Monday’s information sessions that many jobs will require an associate’s degree in engineering
and computer literacy to operate assembly-line machines.
Packaging company seeks abatement for expansion
Just Packaging on the east side of Indianapolis says it plans to invest in new equipment and hire 35 people by 2014.
Brightpoint cuts CEO’s pay by almost 35 percent
Robert J. Laikin earned $2.2 million in 2009, nearly 35 percent less than in 2008. Several other members of his management
team also took
substantial pay cuts.
300,000-plus consumers take shine to Apple’s iPad
The glitzy gadget maker says it sold hundreds of thousands of iPads on Saturday, the day they debuted for more than $499 a
pop.
Price of scrap metals surge upward
After plummeting along with the rest of the economy, the price of scrap metals is surging upward.