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.
Manufacturing
Articles
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.
WWII-era Navy plant modernizes, expands
The local operation of multibillion-dollar defense contractor Raytheon Co. has become the sole location for some key Raytheon programs, including modernizing outdated military vehicles.
ExactTarget alums sell software company after just 13 months
Branding Brand, a Pittsburgh-based retail software company with a few ExactTarget alums of its own, has scooped up Indy-based Waysay, founded last year by two former ET’ers.
Program donates tech to those in need in Hamilton County
A technology exchange is trying to connect low-income individuals to computers and other gear needed to apply for jobs, take online courses and create resumes.
Digital marketing startup Torchlite plans to add 140 workers
The Indianapolis-based firm, which connects client companies to freelancers, inked an incentive deal with the Indiana Economic Development Corp. that will provide up to $2.8 million in tax credits.
Former Finish Line execs help sports-software firm score $1M
Indianapolis-based Upper Hand Inc. got an assist from investors including Finish Line Inc. co-founder Larry Sablosky.
Vertellus Specialties bankruptcy sets stage for sale
The Indianapolis-based maker of Deet insect repellent and a slew of specialty chemicals already has an offer worth $453.8 million.
Hurco turns quarterly profit on higher revenue
The Indianapolis-based manufacturer received a $4.5 million bump in sales from the businesses of Milltronics Manufacturing and Takumi Machinery Co., which Hurco acquired in July 2015.
CTS to end production at Indiana HQ, cut 230 jobs
CTS said the end of Elkhart production is part of a corporate-wide simplification strategy dating to 2013.
Ardagh Group’s glass division headquarters moving to Fishers
Ardagh Group’s glass-packaging division, which employs more than 200 at its Muncie headquarters, plans to relocate most of those jobs to Fishers by the end of the year.
Industries focus on connecting with students to attract workers
While Indiana scores highly in terms of the overall health of its manufacturing and logistics sectors, a report released Thursday indicated that workforce development is still a key concern.
U.S. auto sales show signs of slowing after long run up
Sales of cars, trucks and SUVs fell 6 percent last month, to 1.54 million, according to AutoData Corp. It was the biggest monthly drop in nearly six years.
Growing Broad Ripple software firm changes name
Fathom Voice, which sells cloud-based call-center-management software, rebranded itself as Sharpen, company officials announced Wednesday.
Obama to find Indiana county still dependent on RV industry
When the president returns to the city of Elkhart on Wednesday, he will find the area remains heavily dependent on recreational vehicles and still striving to diversify its economy.
Michigan company to expand in Indiana, hire up to 147
Spartan Fleet Vehicles and Services announced the plans Tuesday to invest $10.9 million to increase production of walk-in vans, parcel delivery vans, truck bodies and other items.