Haynes reports quarterly, fiscal-year losses
Kokomo-based Haynes International Inc.’s efforts to consolidate operations and reduce inventory could not keep it from losing $3 million in its fiscal fourth quarter, the company announced Monday.
Manufacturing
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Wind turbine maker adding 260 jobs in New Albany
California-based WindStream Technologies Inc. plans to locate a development and production facility at Purdue Research Park
of Southeast Indiana, creating more than 260 jobs by 2012.
Kentucky governor thinks chances slim for Harley plant
Earlier this year, the company eliminated Shelby County in Indiana from contention for the manufacturing facility.
Westfield’s Truss Manufacturing Co. changes name, expands product line
Truss Manufacturing Co., a fixture along U.S. 31 in Westfield since 1959, in October changed its name to TMC Building Products
to emphasize its expansion into other supplies.
ALTOM: Is Facebook folly or a fantastic marketing tool?
Companies are using Facebook as an alternative way of reaching a vast audience, not as a replacement for their own Web sites.
State lands $4 million grant to aid autoworkers
The U.S. Department of Labor awarded the Indiana Department of Workforce Development a $4 million grant on Wednesday to help
autoworkers transition into alternate careers.
Analyst: No trucking U-turn till late 2010
FTR Associates analyst Jon Starks says truck manufacturers won’t feel an improved economy until at least late 2010.
Electric car maker plans Indiana manufacturing plant
Norwegian electric car maker Think Global will locate its U.S. manufacturing facility in Indiana, Reuters reported Tuesday,
citing information from a major investor in the company.
Heartland RV plans hiring 400 in northern Indiana
Recreational vehicle company says orders for its towable recreational vehicles have increased since Oct. 1.
Cutbacks help Remy improve quarterly profit
Auto parts maker Remy International Inc. said Monday that profit rose to $16.5 million in the third quarter, up from $4.3 million in the same quarter a year ago, as the company cut staff and pay to compensate for lagging sales.
Vonage to settle investigation involving 32 states
Internet phone service provider Vonage Holdings Corp. will pay $3 million to 32 states, including Indiana, and provide refunds
to affected customers.
GM reports $1.2B loss, says it shows progress
General Motors Co. said Monday it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better
than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business.
CTI reports quarterly loss on lower revenue
Indianapolis-based CTI Group Holdings Inc. lost $337,549 in the third quarter on significantly declining revenue.
Rolls-Royce scores $11M military helicopter contract
The good news continues for Rolls-Royce Corp.’s Indianapolis operations, which this week received an $11.1 million contract
to make gas turbine engines for the Army’s OH-58D Kiowa reconnaissance helicopters.
Hill-Rom’s fourth quarter profit exceeds expectations
The Batesville-based maker of hospital equipment reported profit of $26.4 million, or 42 cents per share, in the period ended
Sept. 30.
Is China a ‘paper dragon’?
For various reasons, more experts are doubting China’s underlying strength.
Losses grow for EnerDel parent, but sales rise
New York-based Ener1 reported late Monday that it suffered a third quarter loss of $15.8 million.
Air Force awards Rolls-Royce $8.5 million contract
Rolls-Royce Corp. said Monday that the U.S. Air Force has awarded its Indianapolis operations an $8.5 million contract to
provide spare engine parts for the C-130J military transport aircraft.
Frozen-food firm plans to add 350 jobs at New Albany plant
New Albany-based Kemper Foods International LLC announced Tuesday morning that it will expand its food-production center in
southeast Indiana, creating more than 350 new jobs by 2012.
Wal-Mart gets into the casket business
Batesville Casket Co., the world’s largest manufacturer, says it’s watching, but isn’t worried.