Cummins’ stock rises despite lower revenue, profit
Cummins Inc.’s stock jumped more than 6 percent in morning trading after its quarterly results
beat analyst estimates.
Manufacturing
Articles
Carbon Motors chooses Connersville
Carbon Motors this morning officially selected Connersville for its proposed headquarters and manufacturing operations.
UPDATE: Carbon Motors chooses Indiana
Carbon Motors this morning officially selected Connersville for its proposed headquarters and
manufacturing operations.
Carbon Motors has chosen Indiana, official says
A rally this morning in Connersville originally intended to help persuade a police car manufacturer
to locate a major factory there appears to be a celebration party.
125 workers at Indianapolis GM plant take buyout offer
More than 125 people at General Motors Corp.’s metal-stamping plant in Indianapolis have signed up for buyouts or early-retirement
packages that are worth as much as $115,000 in cash per worker, a union official said this morning.
Time Factory will challenge Shutterfly, Flickr for Web photo market
Indianapolis calendar publisher Time Factory Publishing is launching a Website to compete with photo sharing and publishing
sites Shutterfly and Flickr.
Battered manufacturing towns hungry for food processors
Economic development officials like the stability of the food business, though wages typically are mediocre.
Automotive industry’s fall dilutes manufacturing jobs
The fact that Indiana is shedding manufacturing jobs is well-known, but you can thank a neighbor to the north for keeping track of every last one. The Milwaukee Journal-Sentinel reported recently that Wisconsin had taken the top spot, ahead of Indiana, in terms of the portion of employment in manufacturing—15.6 percent, versus Hoosiers’ 15.4 percent.
ALTOM: Technology moves too fast for law to keep up
Technologists don’t usually give the law a basketful of respect. From our point of view, the law is struggling frantically to stay within a hundred yards of our bleeding edge. By the time the law gets around to speaking on a technical subject, the subject may not even exist anymore.
Brightpoint prices offering of 15 million shares
Wireless device distributor Brightpoint Inc. said today it has priced 15 million shares of a previously announced stock offering
at $5 each.
Health care marketers taking the pulse of consumers’ online habits
Health care marketers can adapt to, and even use to their advantage, the online search habits of consumers.
Understanding when and why people search for specific health-related terms is vital to attracting more
visitors (i.e. patients) to a Web site.
Connersville a finalist for police-cruiser plant
Connersville is among three finalists in the running to produce a new police cruiser that runs on clean diesel and biodiesel
technology.
Interactive Intelligence expects higher profit
Interactive Intelligence said yesterday it expects a profit of between $1.8 million and $2.5 million in the second quarter,
up from $845,000 the company earned in the same period last year.
Brightpoint shareholder selling shares
Brightpoint Inc. said this morning shareholder NC Telecom Holding A/S would sell 15 million common shares in a public offering.
Brightpoint’s Danish deal not so sweet two years later
The cross-continent mega deal that made Brightpoint Inc. the world’s biggest wireless phone distributor
has lost much of its sheen two years after being struck. Brightpoint Inc. in August 2007 purchased Denmark-based
Dangaard Telecom for $385 million in stock and the assumption of $350 million in Dangaard debt.
Natural-gas car proposal could boost Greensburg Honda plant
Hoping to spur alternative vehicles, lawmakers want to double the size of tax breaks on cars that run on natural gas. That
could be good news for Indiana, where Honda Motor Corp. produces the natural-gas-powered Civic GX in Greensburg.
Carmel tech firm takes coupons into digital era
Carmel-based mobile marketer Tetherball has deployed a program using
a radio frequency identification device that can measure in detail to what extent customers redeem loyalty and rewards offers.
Innovation is focus of tech summit
The high holy day of Indiana’s technology industry is getting a new theme this year. The TechPoint Tech Summit will this year be known as the TechPoint Innovation Summit, Sept. 28-29 at the Indiana Convention Center.
Alleys of devastation
Plenty of stories have been published and aired in recent days about migration…
Cummins sues insurers over $381M in flood claims
Cummins Inc. is battling its insurers in court, saying they’re refusing to pay
most of the company’s $381 million in claims stemming from the flood that immersed its southern Indiana
facilities a year ago.