U.S. factory orders drop as military spending plunges
Orders at U.S. factories dipped in May, dragged down by less demand for steel, aluminum, furniture, electrical appliances and military aircraft.
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Hostess Brands, four years after bankruptcy, planning IPO
The maker of Twinkies and Ding Dongs, which operates a major plant in Indianapolis, has been reborn under new ownership after crashing in 2012 under a barrage of labor issues and rapidly changing appetites.
Indiana RV maker pays $576M for fellow Hoosier firm
Thor Industries Inc. has purchased privately held Jayco Corp. in hopes that it will help attract younger customers looking for more modest travel abodes.
U.S. auto sales expected to hit record in first six months
However, after six straight years of growth—and record sales of 17.5 million last year—U.S. sales are beginning to plateau.
Indy groups reap $5.8M in workforce training grants
The awards from the White House’s TechHire initiative are earmarked to help workers with limited English skills and disadvantaged young people prepare for technology and manufacturing jobs.
Calumet Specialty Products sells off money-losing refinery
Struggling Indianapolis-based oil company Calumet Specialty Products Partners announced Tuesday that it has sold its interest in a $430 million refinery that it co-developed in North Dakota.
UPDATE: Volkswagen reaches $15B emissions-cheating settlement
The figure would be the largest auto scandal settlement in U.S. history. An estimated 6,638 Volkswagen customers in Indiana could be eligible for estimated compensation of $66 million, Indiana’s attorney general said.
Plastics manufacturer plans $6M expansion in Noblesville
Metro Plastics Technologies Inc. plans to leave the plant where it’s been housed for 35 years to move into a newly built facility.
Local hackers team up to tackle transit issues
In a contest, college students created tools to find links between crime and mass transit and to encourage use of both IndyGo and the Indiana Pacers Bikeshare service.
New state law allows distilleries to sell carryout 7 days a week
The new law lifts the ban on carryout sales for artisan distilleries, putting the businesses on par with wineries and craft breweries, which already sell alcohol on Sundays.
With new Carmel HQ, tech firm aims to move beyond rocky past
Publicly traded Determine Inc. generated fanfare when it announced it was moving its headquarters here and adding 24 jobs to the 35 already here. But many investors have been betting against it for years.
Japanese manufacturer plans $50M plant, 70 jobs in Indiana
Japan’s largest steel producer announced plans Tuesday to open a subsidiary in Shelbyville in a plant that is expected to be fully operational by spring 2018.
Subaru of Indiana recruits soldiers from Kentucky
An Indiana auto assembly plant and economic development officials have turned to Fort Campbell, Kentucky, to find employees.
Regulators test emissions at Kokomo glass company
The Indiana Department of Environmental Management has begun testing around Kokomo Opalescent Glass to determine if the art-glass manufacturer is emitting hazardous amounts of potentially toxic materials.
E-cigarette players fume over favored security firm
The state has effectively put a single private firm in charge of deciding which companies can seek a permit to manufacture e-cigarette liquids sold in Indiana.
GE plans to close Bloomington refrigerator plant, end 329 jobs
The company announced the planned closing Wednesday, citing falling demand for the side-by-side refrigerators manufactured at the plant.
U.S. industrial output declines on falling auto production
Falling auto production fueled a broader decline in U.S. industrial output in May, a potentially worrying sign that manufacturers face economic challenges.
Indiana gains ground in Fortune 500 amid shuffle among elite
Indianapolis-based Simon Property Group Inc. and Warsaw’s Zimmer Biomet Holdings vaulted back among the top 500 this year, while local oil refiner Calumet Specialty Products Partners plummeted.
Tech firm moving HQ from Silicon Valley to Carmel
A publicly traded Silicon Valley-based technology company is moving its headquarters to Carmel, where it plans to add 24 “high-wage” employees by the end of 2019, state and local officials announced Monday afternoon.
High Alpha Studio launches education-tech startup
ClearScholar Inc. is the first portfolio company High Alpha built from scratch. It plans to make student-engagement software for colleges and universities, starting with Butler University this fall.