Indiana-based steel firm to spend more than $230M on Mississippi plant
Steel Dynamics plans to upgrade its northeast Mississippi steel mill and add 45 jobs at the plant.
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UPDATE: Cummins loses out on GE’s industrial-engine business
General Electric Co. has agreed to sell its industrial gas engine business to a private equity for $3.25 billion, passing over interest in the acquisition from Columbus-based Cummins Inc.
Rolls-Royce preparing to cut 4,600 jobs across the world
About 3,000 of the cuts will affect United Kingdom employees. The company has about 4,000 employees in Indianapolis.
LETTER: Fight against opioids boosts manufacturers
It is evident that the opioid epidemic is pushing a record number of Hoosiers to the sidelines of society and out of the workforce.
Indiana cabinet maker closes Alabama plant with 445 workers
Employees and officials criticized the abrupt closure, which came without prior public notice and was announced to employees at 10 a.m. Tuesday.
Cummins a finalist to make $3.5B acquisition from General Electric
GE is moving closer to a sale of its industrial gas-engine business for more than $3.5 billion after narrowing the list of bidders to a short list that includes Cummins, sources say.
2018 Innovation Issue: Is virtual reality already dead? Or just getting started?
Quietly—as consumers turned their attention elsewhere—virtual reality has been finding its place in business operations, particularly to make education and training more accessible and less expensive.
Distilling company plans $66M bottling plant in Indiana
The project from Louisiana-based Sazerac Co. is expected to create up to 110 jobs by 2021.
Electric car maker targets Indiana for $160M plant, 467 jobs
SF Motors Inc., a Silicon Valley-based electric vehicle developer and manufacturer, said it could hire as many as 200 workers at the Indiana plant by the end of the year.
Trump launches probe into auto imports, possible tariffs
The Trump administration on Wednesday launched an investigation into whether tariffs are needed on the imports of automobiles into the United States, moving swiftly as talks over the North American Free Trade Agreement have stalled.
Caterpillar plans $73.6 million Indiana expansion, 125 jobs
Heavy equipment and machinery maker Caterpillar plans to make the investment in building improvements, information technology, software and equipment.
Chevy hoping it finally has edge on Honda in Indy 500
As dominant as Chevy has been in racing over the years, Honda continues to have the upper hand in the Indy 500.
Hybrid pioneer Allison sees long road toward electric big rigs
Allison Transmission Holdings’ incoming CEO sees development of fully electric heavy trucks as a longer-term project.
U.S. factory production sees healthy jump on consumer spending
U.S. factories cranked out more appliances, computers and aircraft last month, lifting manufacturing production for only the second time in five months.
Calumet Specialty shows improvement in delayed quarterly report
The Indianapolis-based fuel products refiner again lost money, but the loss was smaller than a year ago and indicated that cost-cutting efforts at the company are having an impact on the bottom line.
Trump health secretary: Drugmakers must help cut prices, or else
Alex Azar, secretary of Health and Human Services and a former executive of Eli Lilly and Co., said Monday that the Trump administration plans to turn up the heat on uncooperative pharma firms.
Allison veteran to ascend to CFO spot in global transmission firm
G. Frederick Bohley, a 27-year veteran of Allison Transmission Holdings Inc., has been named chief financial officer of the Indianapolis-based public company.
Cummins’ shares tumble despite better-than-expected quarter
The Indiana-based engine manufacturer reported a 21 percent jump in revenue, to $5.57 billion.
Allison Transmission beats expectations in first quarter
The Indianapolis-based transmission manufacturer reported higher-than-expected revenue and profit in the latest period.
Cummins considering $3B deal for GE engine business, sources say
A sale of Jenbacher, which makes engines that generate power and heat for industrial facilities, is poised to be GE’s biggest to date in CEO John Flannery’s plan to reshape the company.