Ford surprises with $1B quarterly profit
Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, surprised investors with a profit of
nearly $1 billion in the third quarter.
Manufacturing
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Cummins reports plunge in profit, revenue
Cummins Inc. said profit for its fiscal third quarter fell 59 percent and sales dropped by 31 percent compared to the same
period last year, though the company said its profitability and cash position improved from the second quarter.
Local tech duo connects to embed video product into e-mail marketing
Cantaloupe.TV, known for
its video marketing expertise, has been working closely with locally based ExactTarget, the well-known e-mail marketing firm,
to give ExactTarget’s clients an easier way of embedding video into e-mails.
TechPoint to focus on IT firms specializing in medical, life sciences sectors
Long tracking the emergence of information technology firms involved in the health and life sciences sector, the state’s
IT trade group, TechPoint, is undergoing a mitosis of sorts to help fuel the trend. It has created Advancing
Life Science & Health Care Information Technology, or ALHIT, which will focus on growing this subset of the IT realm.
Chrysler returns $5.5M in bonds to Tipton County
Chrysler has returned $5.5 million in bonds to an Indiana county to settle a dispute over millions of dollars the county spent
toward a transmission plant that a Chrysler supplier stopped building last year.
GM to draw government funds for Delphi costs, source says
General Motors Co. will announce later this week that it will draw from its government funding to pay the cost of buying a
chunk of troubled parts supplier Delphi Corp., a person briefed on the company’s finances said Wednesday.
Grill maker to locate HQ in Indiana, hire 300
Waterloo, Ontario-based Onward Manufacturing Co. Ltd. announced Wednesday afternoon that it would locate its first U.S. grill
production center in northeast Indiana, creating more than 300 jobs in Huntington by 2011.
King Systems, Steel Dynamics fined over safety violations
The Indiana Department of Labor has slapped two Indiana companies with fines of about $200,000 each for repeated safety violations
that put workers at risk.
New IT firm to create 400 jobs in Kokomo
Zuna Infotech will locate in Kokomo’s Inventrek Technology Park, a high-tech business incubator and state-certified technology
park.
Revenue, profit on rise for Interactive Intelligence
Indianapolis-based business software firm Interactive Intelligence on Monday reported higher third-quarter profit on
record revenue of $33.2 million.
A harrowing tale of decline
Telling a story about a company and a union that both feared the future, and fought to a bitter draw.
Vincennes plant hiring 150 to make glass for military
Schott North America plans additional production at its southern Indiana factory after winning a contract to make specialty
glass for military vehicles.
Steel Dynamics third-quarter profit falls 64 percent
Steel Dynamics Inc. posted a third-quarter profit of $69 million, its first gain after three straight quarterly losses.
GM invests $364M, adding 230 jobs in Marion
General Motors Co. says it’s investing $364 million in its Marion Metal Center in Indiana and will employ about 230 workers
transferring from plants in Michigan and Ohio.
Carmel entrepreneurs with ties to ExactTarget hope SmartFile outshines competitors
File-hosting firm is launching new security software that could set it apart in a crowded field.
Survey: Manufacturers optimistic about economic recovery
Indiana manufacturers, many of which have suffered major job losses, are optimistic the economy will rebound next year,
according to an annual survey commissioned by Katz Sapper & Miller LLP.
Interactive Intelligence expects 3Q profit, revenue growth
Communication software maker Interactive Intelligence Inc. said Monday that, based on preliminary results, it expects to report
that third-quarter earnings rose as product and services revenue climbed.
Iconic Hummer brand sold to Chinese manufacturer
Hummer, the off-road vehicle that once epitomized America’s love for hulking trucks, is now in the hands of a Chinese heavy
equipment maker.
House OKs defense bill that funds Rolls Royce engine
Despite a vaguely worded veto threat by President Barack Obama, the House on Thursday easily adopted a major defense
policy bill that calls for continued development of a costly alternative engine for the Pentagon’s next-generation fighter
jet.
ALTOM: Is it worth tracking employees and their vehicles?
Employees often react badly to, as they see it, being followed around. There are even privacy laws to consider.