Fast-growing Fishers quality-control firm bought by Japanese companies
Founded in 2009, Stratosphere Quality pushed revenues to about $122 million last year. It employs about 2,300 workers in 22 states, including about 400 in Indiana.
International Business
Articles
Trump order would target high-skilled worker visa program
The White House said the program is currently undercutting American workers by bringing in cheaper labor and said some tech companies are using it to hire large numbers of workers and drive down wages.
Indianapolis moves ahead with trade center designation bid
Indiana’s businesses and trade associations hope Indianapolis lands the designation so they can use the New York City-based association’s network to link with companies globally.
U.S. economic growth slowed in fourth quarter
The gross domestic product grew at an annual rate of just 1.9 percent in the October-December period, a slowdown from 3.5 percent growth in the third quarter, the Commerce Department reported Friday.
Zoeller seeks to establish local unit of global trade group
Departing Indiana Attorney General Greg Zoeller wants to persuade the organization to add Indianapolis to its roster of world trade centers, hooking local firms into international business networks and encouraging imports and exports.
Trump’s ‘retribution’ tax stirs questions, GOP resistance
Donald Trump’s threats to use taxes as “retribution” against U.S. companies that move jobs overseas are legally dubious, tax specialists say—and they’re prompting resistance from some Republican leaders who fear a coming era of economic protectionism.
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.
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.