TripAdvisor is new powerhouse in hospitality industry
The travel website TripAdvisor has seen such an explosion of consumer-generated reviews and page views in the last two years that local hoteliers now monitor it continually.
Manufacturing
Articles
Maker of class rings may fetch $1 billion
Herff Jones might be on the verge of a sale for as much as $1 billion. The 94-year-old maker of class rings and yearbooks, quietly renamed Varsity Brands Inc. in June, has hired the investment banking firm Jefferies to explore a sale, unidentified sources told Reuters.
There’s an app for booze delivery coming to Indy
Retailer Big Red Liquors is expected to announce a partnership Thurday with Boston-based mobile-software startup Drizly to offer alcohol delivery service to consumers in the area.
Two-week strike ends at Indiana factory
The strike at the Schneider Electric plant began Oct. 6 in a dispute between the French-based company and the International Association of Machinists and Aerospace Workers over raises and pensions.
Eli Lilly to sell Puerto Rico manufacturing facility
The Indianapolis company said it is closing its Guayama facility because the patents on some of the drugs made there have expired.
U.S. factory output on the rise again after August setback
The Federal Reserve said Thursday that factory production rose 0.5 percent in September after falling 0.5 percent in August. The continued pace of manufacturing output will likely be a bellwether for the broader economy.
Threat-detection tech firm plans to create 84 jobs
Lafayette-based Emerging Threats Pro LLC said it will invest $967,000 to open an outpost in the Parkwood Crossing office park in Carmel.
Closure of paper-converting facility to cost 55 jobs
A Montreal-based company plans to close its paper-converting facility in Indianapolis, putting 55 employees out of work, the company said Monday in a notice to the state.
Angie’s List plans big expansion with $25M in public help
The struggling consumer-review firm plans to spend some $40 million to expand its headquarters campus on the east side of downtown and create 1,000 jobs with the help of more than $25 million in state and city incentives.
RV company plans northern Indiana expansion
A company that makes towable recreational vehicles says it will spend nearly $5 million to expand its operations in northern Indiana, creating as many as 125 jobs.
Breweries test limits of craft beer boom
In the last two years, the number of microbreweries operating in Indiana has roughly doubled, to 96. But can the industry sustain such blistering growth, especially in Indianapolis, where much of the activity is occurring, without foaming over?
300 workers go on strike at Indiana factory
The strike at the Schneider Electric plant in Peru began early Monday, with members of the International Association of Machinists and Aerospace Workers picketing outside its main gates.
Salesforce drops ExactTarget name from flagship product
It’s now called Salesforce Marketing Cloud. The move underscores changes still under way since Salesforce.com acquired the local firm for $2.5 billion last year.
Food maker to spend $43.9M to re-equip Lebanon facility
Canada-based Skjodt-Barrett Foods plans to hire 97 more workers by 2017 at its Boone County operations, established in late 2011.
Fishing lure maker plans Indiana expansion
LureCraft Fisherman's Shop Inc. said the expansion will triple its current space in LaGrange and allow it to add 91 workers before the end of 2017.
Indiana teenager faces charges in hacking ring
Austin Alcala, 18, of McCordsville is one of several gaming enthusiasts accused of hacking into a U.S. Army computer network while targeting Microsoft and several video game developers.
Alcoa opens plant to make alloys for aircraft
Alcoa said the $90 million plant in Lafayette is the biggest of its kind and will create 75 jobs.
U.S. factory orders post record monthly drop
Orders declined 10.1 percent in August after a record increase of 10.5 percent in July, the Commerce Department reported Thursday. Both months were affected by swings in demand for commercial aircraft.
UPDATE: Angie’s suitors could include Amazon, Yelp, IAC
Amazon has been developing its own local services marketplace. Yelp is the leading consumer-review service in the retail space. Website Holding company IAC, meanwhile, has a big stash of cash and owns competitor HomeAdvisor.com.
Manufacturing index shows slower growth
The pace of U.S. manufacturing growth slowed in September, as expectations for hiring and new orders slipped from their August levels.