Hillenbrand buying valve-maker for $132M
Batesville-based Hillenbrand's purchase will bulk up its Process Equipment Division, which generates about $1 billion of the company's $1.6 billion in revenue.
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Renewable-energy firm to invest $180M in new facility
The operation, which is expected to employ 136 in Steuben County by 2019, will convert scrap plastic into ultra-low sulfur diesel and gasoline blendstocks.
UPDATED: University Loft reaps $3.5M from unfair-competition claims
The Greenfield-based furniture maker blew the whistle on a Dallas-based rival that failed to pay duties on furniture imported from China, the Justice Department said.
U.S. industrial production registers worst month since 2012
U.S. industrial output fell for the third straight month in November, another sign that American manufacturers are under stress.
General Electric calls off $3.3 billion sale to Electrolux
General Electric Co. has scrapped a $3.3 billion plan to sell its home appliance business to the Swedish company Electrolux, a deal opposed by U.S. regulators.
Firms start early trying to entice science-oriented students
Dozens of companies across central Indiana are using programs aimed at middle- and high-school students to develop a pool of talented kids who are interested in science, technology, engineering and math to fill the growing number of jobs for which such skills are necessary.
Indy case maker with 113-year history acquired
A local holding company that specializes in manufacturing firms has purchased C.H. Ellis Co., an Indianapolis-based maker of custom cases that has been in business since 1902.
Pressure grows on Volkswagen as bad news piles up
The fallout from Volkswagen's emissions-cheating scandal intensified Wednesday, as the company halted sales of seven models in the Unted States that allegedly were part of the cheating.
Aluminum extrusion plant plans $8.5M expansion
Alexandria Extrusion MidAmerica LLC is planning an expansion at the aging Indianapolis plant it bought in 2012, helping it create 30 jobs and retain 60 workers.
U.S. factory orders fall for second straight month
The September result was led by a big 36 percent fall in the volatile category of commercial aircraft. But the weakness was widespread across other categories including primary metals, machinery and computers.
UPDATE: Cummins plans 2,000 job cuts after disappointing quarter
The Columbus-based engine maker said it would lay off about 500 people in Indiana. Shares fell nearly 10 percent Tuesday after third-quarter profit trailed analyst estimates and the company reduced its annual sales forecast due to weakening demand for its heavy-duty engines.
Allison tops expectations with quarterly results
Allison Transmission Holdings Inc. on Monday reported shrinking revenue and profit in the third quarter, but the results still topped analyst predictions.
UPDATE: UAW passes new labor contract with Fiat Chrysler
Workers overwhelmingly approved a new four-year contract in voting that ended Wednesday night. UAW represents more than 7,000 Fiat Chrysler workers in central Indiana.
U.S. factory output drops in latest sign of weak growth
U.S. manufacturing production fell for the second straight month in September as factories cranked out fewer appliances, computers, and electronics.
Cummins completes new southern Indiana technical center
Engine maker Cummins Inc. has opened a new technical and office center in southern Indiana where engineers are to focus on improving fuel efficiency and engine endurance.
Exec’s quiet exit leaves no Klipsch atop speaker maker
Michael Klipsch, who stepped down in September as chief legal counsel and president of business development, had been with the indianapolis-based speaker maker nearly 20 years.
World’s biggest beer makers agree to join forces
The $106 billion merger would create a company that would control nearly a third of the global market and threaten to dominate the U.S. by bringing together Budweiser and Miller Genuine Draft.
Safety label company plans $2.1M headquarters in Westfield
DuraMark Technologies Inc. hopes to hire 18 more employees to work in a new 18,000-square-foot office and production facility just south of 169th Street and west of U.S. 31.
VW might compensate owners of diesel cars for loss of value
Earlier this week, Kelley Blue Book said the value of VWs with 2-liter diesel engines had fallen 13 percent since mid-September, about when the automaker’s emissions cheating scandal came to light.
Lawmakers vent as VW chief apologizes for scandal
Volkswagen’s top U.S. executive testified Thursday on Capitol Hill as the emissions-rigging scandal engulfing the automaker deepened and House members said the firm violated the public’s trust.