Trump threatens payback for U.S. companies that move abroad
President-elect Donald Trump is threatening to impose heavy taxes on U.S. companies that move jobs overseas and still try to sell their products to Americans.
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International Center promotes vice president to top job
The International Center has looked within to find its first new leader in more than a decade.
Indianapolis airport tries ‘long-term strategy’ to land nonstop London flights
An Indianapolis Airport Authority official told board members Friday that the airport is working to land nonstop London service, but its efforts could take years to see results.
Local exporters wary of Trump policies
Hoosier businesses hope negative campaign talk about nation’s trade deals won’t restrict free flow of Indiana goods outside U.S. borders.
Rexnord definitely moving Indy operations to Mexico, union says
Rexnord Corp. plans to proceed with the closure of its Indianapolis bearings plant, according to the union that represents most of the plant’s approximately 350 employees.
China approves law to tighten control on internet usage
China’s legislature approved a cybersecurity law Monday that human rights activists warn will tighten political controls and foreign companies say might hamper access to Chinese technology markets.
Cummins CEO: Companies need to stand up for free trade, TPP
Tom Linebarger points to the company’s Seymour plant where 800 employees produce high-speed diesel engines—70 percent of which are exported globally—as a key reason he believes free trade is good for the Hoosier worker.
Indy cloud-consulting firm Appirio to be acquired for $500M
An India-based infotech company plans to buy Appirio Inc., which moved its corporate headquarters from San Francisco to Indianapolis last year.
U.S. trade deficit hits widest point in 10 months
The deficit rose to $44.5 billion in June, 8.7 percent higher than in May. It was the biggest gap between what America sells abroad and what the country imports since last August.
One more ‘big project’ lures Thomas away from International Center
Joerg Schreiber, who is leading the search for a new president and CEO at The International Center, said Diane Thomas’ reputation and connections in Indianapolis will be difficult to replace.
Thomas to step down after 10 years at International Center
President and CEO Diane Thomas said she accepted a 27-month assignment to serve with the Peace Corps in the Ukraine starting in March. The center said it will try to find a successor by December.
Indy to host aerospace conference in 2018
The Aerospace Industries Association plans to host its Supplier Management Council conference in Indianapolis in the spring of 2018, state officials announced Tuesday from a prestigious airshow in England.
Pence asks feds to investigate China steelmakers’ actions
Indiana Gov. Mike Pence is urging the federal government to investigate complaints by U.S. Steel that China is violating international trade laws.
Zika virus fear fuels demand for local DEET manufacturer
Indianapolis-based chemical manufacturer Vertellus Specialties Inc. has expanded its production capacity by 80 percent to keep up with customer demand for DEET, a common active ingredient in mosquito and tick repellents.
Highly skilled manufacturing likely to stay in U.S. but other jobs less safe
Proprietary manufacturing jobs—such as those in the aerospace, automotive and life sciences sectors—are likely to even grow as employers seek talent and quality control. But lower-skilled basic production work is on its way out to international markets like China, India and Mexico, where wages are a fraction as expensive.
Indy Chamber, Chase collaborate on grants for new export efforts
JPMorgan Chase provided $200,000 to fund the chamber’s GoGlobal Export Acceleration Grant program, which will target smaller companies and provide up to $5,000 in matching funds to cover business and marketing costs associated with new export activity.
Factory employing 700 workers to get reprieve
An auto parts factory near Muncie that was slated to close later this year won’t be shutting its doors after all.
Trade deficit unexpectedly widens on drop in U.S. exports
A strong dollar and weaker global growth caused exports to slump to the lowest level in three years, one reason why American manufacturers are struggling.
PETERSON: Indiana, China inextricably linked
China matters very much to Indiana’s economy, and its significance will only grow.
Obama travels narrow road toward trade-pact approval
President Barack Obama needs to hold together a razor-thin majority of pro-trade lawmakers in the U.S. Congress to win approval of his huge Asia-Pacific trade deal.