Ruling could expose GM to large verdicts in ignition cases
A federal bankruptcy judge has ruled that people suing General Motors over faulty ignition switches can seek punitive damages that could cost the company millions of dollars or more.
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Teradata to sell software unit formerly known as Aprimo
Dayton, Ohio-based Teradata bought Indianapolis-based Aprimo five years ago for $525 million, but has decided to go in a different direction with the business unit. It didn’t say whether it had a buyer lined up.
‘Collaborative economy’ startup links clients with marketers
Startups that tap the so-called gig economy, including ride-hailing powerhouse Uber Technologies Inc., have mostly targeted consumers. But a former Salesforce.com employee has launched one aimed at businesses—and she’s off to a solid start.
Angie’s List seeks to capitalize on ‘free users’
Monetizing free users is just part of the vision that new CEO Scott Durchslag, who took the helm of Angie’s List in September, is laying out to reinvigorate the struggling home-services company, which has seen revenue growth slow notably since last year.
Pressure grows on Volkswagen as bad news piles up
The fallout from Volkswagen's emissions-cheating scandal intensified Wednesday, as the company halted sales of seven models in the Unted States that allegedly were part of the cheating.
Calumet Specialty takes loss on lower revenue
Calumet Specialty Products Partners LP took a loss of nearly $49 million in the third quarter as sales fell 32 percent from the same quarter of 2014.
West-side IT firm plans to add 89 jobs by 2019
Kinney Group, which currently has 41 full-time workers in Indiana, said it will invest $5.8 million to renovate 10,000 square feet of space at 2425 W. Michigan St.
Aluminum extrusion plant plans $8.5M expansion
Alexandria Extrusion MidAmerica LLC is planning an expansion at the aging Indianapolis plant it bought in 2012, helping it create 30 jobs and retain 60 workers.
Automakers have big October; record year in sight
Sales of new cars and trucks rose by double-digit percentages at most major automakers in October, and companies are raising their expectations for the rest of the year.
U.S. factory orders fall for second straight month
The September result was led by a big 36 percent fall in the volatile category of commercial aircraft. But the weakness was widespread across other categories including primary metals, machinery and computers.
Federal jury to settle bitter battle between sweeteners
Big Sugar and Big Corn face off in court this week in a bitter, multibillion-dollar battle of sweeteners that boils down to a mix of science, semantics and marketing.
Interactive tops Wall Street forecasts despite third quarter loss
Indianapolis-based software firm Interactive Intelligence lost $9.8 million on $97.4 million in revenue in the third period, surpassing analysts’ expectations.
Northern suburbs investing in new websites
City, town and county officials are investing tens of thousands of dollars to revamp their dated municipal websites and make information easier for residents to obtain.
UAW leaders approve proposed labor contract with GM
United Auto Workers leaders have approved a proposed contract with General Motors Co. that promises raises, improvements in health care and a hefty signing bonus.
UPDATE: Cummins plans 2,000 job cuts after disappointing quarter
The Columbus-based engine maker said it would lay off about 500 people in Indiana. Shares fell nearly 10 percent Tuesday after third-quarter profit trailed analyst estimates and the company reduced its annual sales forecast due to weakening demand for its heavy-duty engines.
Allison tops expectations with quarterly results
Allison Transmission Holdings Inc. on Monday reported shrinking revenue and profit in the third quarter, but the results still topped analyst predictions.
UAW, General Motors reach contract agreement
The United Auto Workers union and General Motors Co. have reached a last-minute tentative agreement on a new four-year contract, avoiding a strike for now.
Local tech firm planning another expansion, 69 jobs
Locally-based technology consulting firm Allegient LLC on Friday morning announced plans to spend $1.3 million to renovate and equip unused office space in its headquarters near North Meridian Street and Interstate 465.
UPDATE: UAW passes new labor contract with Fiat Chrysler
Workers overwhelmingly approved a new four-year contract in voting that ended Wednesday night. UAW represents more than 7,000 Fiat Chrysler workers in central Indiana.
Ontario firm to acquire CTI Group for $22.5 million
A Canadian software firm has signed an agreement to acquire CTI Group Holdings Inc., one of the smallest publicly traded companies based in Indianapolis.