Chemical maker Vertellus to close portion of Indy plant
Currently working its way through Chapter 11 bankruptcy, the firm expects the closure at its Tibbs Avenue plant to affect dozens of employees.
Manufacturing
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UPDATE: GM expected to invest $90 million in Indiana plant
General Motors officials are set to announce what is expected to be a major investment at an Indiana factory that will allow it to retain more than 1,400 jobs.
Geofeedia cuts Indy marketing operations in reorganization, loses local leader
The Chicago-based tech firm, which planned to hire hundreds in Indianapolis and considered moving its headquarters here, has streamlined local operations. Meanwhile, top local exec R.J. Talyor has parted ways with the company.
CountryMark revenue drops 40 percent as oil prices plunge in last two years
After a six-year run-up for the Indianapolis-based oil refiner that saw its revenue nearly double, the company has eliminated about 25 jobs, 2 percent of its workforce, in recent months.
Cummins to receive $20M in ‘SuperTruck’ funds
The Columbus-based engine maker will be part of a federal program aiming to more than double the freight efficiency of 18-wheelers.
File-management software firm grabs $1.1 million in first VC haul
SmartFile Inc. secured the investment from Vision Tech Angels and Elevate Ventures. It plans to use a majority of the cash on sales and marketing.
U.S. factory output jumps 0.5 percent for biggest gain in year
U.S. factories cranked out more autos, machinery and chemicals in July. But even as And even as output ticks up, manufacturers aren’t adding many jobs.
Ivy Tech welding program offers more than just certification
Welding, cutting, soldering and brazing are lumped together and rank high on the Hoosier Hot Jobs list.
GE Appliances confirms closing date for refrigerator plant
The company on Thursday said the plant would close Aug. 26. The closure will put more than 300 people out of work.
Radio fighting to be heard among multiple car-dashboard options
The car dashboard, once the exclusive infotainment domain of traditional radio, is becoming a battleground where divergent companies fight for the attention of drivers and passengers.
FOCUS: More kids take vocational classes but challenges remain
In the school year that ended in May, nearly 175,000 students were enrolled in more than 235,000 career and technical classes. That’s an 11 percent increase since the 2012-2013 school year, when Gov. Mike Pence challenged schools to serve students going to work as well as students going to college.
Business groups see ‘home run’ with Trump’s lower corporate tax
Small-business and manufacturers’ groups praised a proposal by Republican presidential candidate Donald Trump to take the U.S. federal corporate tax from the highest to one of the lowest among developed nations.
Egg producer Rose Acre Farms plans new $5M Indiana headquarters
Rose Acre Farms was founded in 1939 and is among the country's largest egg producers, with 17 facilities and about 1,900 employees in six states.
Software firms transition from methodical to ‘agile’
Agrowing number of central Indiana tech firms use a software-development process called agile, which is characterized by quick production cycles, flexibility and simultaneous feedback.
Kellogg closing 150-worker snack plant in Indiana
The Battle Creek, Michigan-based company determined its U.S. cracker manufacturing network had more production capacity than needed to meet demand.
Interactive files federal patent suit against competitor
Indianapolis-based Interactive Intelligence Inc. has filed a federal patent lawsuit against Avaya Inc., a competitor with which Interactive Intelligence also had a long-standing patent license agreement.
Cummins lowers guidance after profit, sales slip in 2nd quarter
Cummins Inc. was able to top analyst expectations with its second-quarter performance despite a slowdown in sales and profit.
Brown avoids sale talk as Interactive tops estimates
With shares riding a two-year high and quarterly earnings beating estimates, Interactive Intelligence CEO Don Brown joshed around with analysts a bit Monday about acquisition rumors.
Salesforce poised to receive city tax break on tower expansion
Salesforce would save about $3 million on the tax exemption, if the City-County Council designates a downtown office tower as a high-tech. The tax break would come on top of major incentives deal already promised by the state.
New venture firm Charmides off to blazing start
Charmides, one of the area’s newest venture capital funds—was launched in June 2015 by a 27-year-old basketball player from Carmel and his father.