Cummins, Eaton planning $1.2 billion joint venture
Each company is expected to have equal ownership of the joint venture, which will focus on medium- and heavy-duty automated transmissions.
IBJ Staff
Articles
Angie’s List discontinues ‘O’Reilly Factor’ advertising
The Indianapolis-based consumer-reviews service had been an outlier among major companies in sticking with the show despite a report in The New York Times that Bill O’Reilly and Fox News had settled a rash of cases accusing him of harassment and inappropriate conduct.
HHGregg shutting down after 62 years in business
An email from the Indianapolis-based company to employees on Friday afternoon said efforts to find a buyer that would keep the business running failed and that liquidation sales will start Saturday.
Three bottlenecks make list
Indianapolis is home to three of the top 100 truck traffic bottleneck sites in the nation, according to the American Transportation Research Institute’s 2017 Top Truck Bottleneck List. Interstate 65 northbound at I-70 ranked as 34th most congested. The southbound side of that same intersection ranked as 38th most congested. Also on the list was […]
Calumet board member retires
A member of Calumet Specialty Products Partners’ board retired on March 31. George C. Morris III had served on the board of the Indianapolis-based company since 2009. He has a background in investment banking with a focus on the energy sector, and has also served as president of Houston-based Morris Energy Advisors Inc. since 2009. […]
Rolls-Royce engine approaches flight-hour milestone
Rolls-Royce Holdings Plc says one of its line of Indianapolis-made engines is expected to hit a significant milestone this year. The M250 line of aircraft engines “will pass the 250 million flight hour milestone in 2017, a rare occurrence among any engine product in aviation history,” Rolls-Royce said. Rolls-Royce introduced the engine in the 1960s […]
Ivy Tech, Allison Transmission team on tuition program
Allison Transmission’s participation in Achieve Your Degree will allow its employees to further their education with minimal upfront cost. (IBJ file photo) Ivy Tech Community College and Indianapolis-based Allison Transmission have formed a partnership through the school’s Achieve Your Degree program. Companies that offer tuition reimbursement benefits can participate in Achieve Your Degree to encourage […]
EDITORIAL: City should unleash NBA all-star effort
Indianapolis and the Indiana Pacers should hold nothing back in their quest to land the next sports economic-development prize on the horizon: hosting the 2021 NBA All-Star Game.
Two Family Dollar stores in Indianapolis set for closure
Discount retail chain Dollar Express has confirmed plans to close five Family Dollar stores in Indiana, including two in Indianapolis. But it is possible the stores could emerge again with a new name under new ownership.
Fishers-based quality-control firm plans to add 250 workers
Stratosphere Quality, which inspects parts and helps manufacturers eliminate defects, said that it will invest $3.7 million to expand its headquarters at 2024 Exit Five Parkway.
Medical device software firm plans to add 120 employees
Indianapolis-based software company Greenlight.guru has moved operations from one downtown facility to another to accommodate expansion.
EDITORIAL: High bar set by scrapped 21c hotel project
We encourage the city to be picky in selecting a winning bidder for the Old City Hall, which has been without a permanent use since the Indiana State Museum moved out in 2001.
Jack in the Box shuts down half of its area locations
Jack in the Box, which operates about 2,200 restaurants in 21 states, entered the local market in 2012 with plans to open at least 10 locations.
Grand Park to host 2017 Little League regional tournaments
The tournaments had been hosted in Indianapolis for more than 25 years but they’re moving to Westfield for at least one year while Little League looks for a new Central Region headquarters.
Indy Eleven nabs new international sponsor, re-ups with Honda
Turkish Airlines’ logo debuted on the back of the club’s jerseys last Saturday, when the team kicked off its season against the expansion San Francisco Deltas.
Tech firm ClearScholar plans 31-employee expansion
The company, which develops student-engagement applications for universities, more than doubled its office space this month by moving operations across Monument Circle, from Circle Tower into the Lacy Building.
State’s unemployment rate ticks up to 4.1 percent
Indiana’s unemployment rate rose slightly in February, the state’s Department of Workforce Development said Friday, due to gains in the number of people seeking employment.
UPDATE: Finish Line’s stock price plunges on disappointing results
The locally based retailer of athletic apparel and footwear lost $9.5 million in its fiscal fourth quarter, falling short of earnings expectations and sending company shares tumbling in morning trading.
PROXY CORNER: Bioanalytical Systems Inc.
West Lafayette-based Bioanalytical Systems Inc. provides contract-research services to the pharmaceutical industry.