Casket competitors settle lawsuit for $17M, fees
An Indiana-based casket manufacturer has agreed to pay a Pittsburgh-based competitor to settle claims it stole customers and employees, and interfered with business operations.
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Indiana office furniture maker to shut down plant
A southern Indiana company that makes wooden office furniture is closing its doors after more than six decades, costing more than 80 workers their jobs.
Lawmakers recommend cutting equipment tax
A panel of Indiana lawmakers is recommending the state eliminate the business equipment tax for small businesses.
Bridgestone’s consolidation plan to cost Carmel 400 jobs
Bridgestone Americas Inc. plans to relocate three business units, including Firestone Building Products and Firestone Industrial Products in Carmel, into a new headquarters in Nashville, Tennessee.
Georgia-based wire maker plans Indiana expansion
The country's largest wire and cable manufacturer says it will expand its northern Indiana operations and add as many as 100 workers by the end of 2016.
Refinery co-owned by Calumet to start producing next month
Indianapolis-based Calumet Specialty Products Partners and Bismarck-based MDU Resources Group Inc. are building the $350 million Dakota Prairie Refinery, the first greenfield refinery built in the U.S. since 1976.
Kimball to move plant to Indiana, plans 160 new jobs
Office furniture maker Kimball International Inc. plans to sell its metal-fabrication facility in Post Falls, Idaho, and move the plant's operations to Indiana, creating up to 160 jobs by the end of 2016, the company announced Wednesday.
Auto part manufacturer to open Evansville plant
Fisher Dynamics said Wednesday that it will create 169 jobs within two years of the opening of a 113,000-square-foot manufacturing facility in Evansville.
Job cuts to hit Rolls-Royce operations in Indianapolis
The global firm is planning 2,600 job cuts over 18 months, primarily in its aerospace division. Its Indianapolis operations, which employ about 4,500 people, are devoted mostly to civil and defense aerospace work.
Indiana injection molding plant plans expansion
Carrera Manufacturing Inc. will invest about $1.3 million to improve its 80,000-square-foot manufacturing facility, adding as many as 102 jobs by 2018.
Indy-based Vertellus acquires chemical maker in U.K.
The addition of Pentagon Chemicals UK Ltd. could add at least $75 million in revenue to the top line of Vertellus Speciaties Inc., one of the largest private firms in Indianapolis.
Cummins nears finish of new Indiana warehouse
The company plans to consolidate 80 employees from distribution sites in Seymour, Jonesville and Greenwood at the new $15 million warehouse and distribution center.
Pace of U.S. factory activity shows October improvement
The Institute for Supply Management, a trade group of purchasing managers, reported Monday that its manufacturing index rose to 59 last month, from 56.6 in September. Any reading above 50 signals expansion.
Report: Herff Jones set to be sold for $1.5 billion
Class ring maker Herff Jones is set to be acquired by a private-equity group for about $1.5 billion, Reuters reported, citing people familiar with the deal.
Remy suffers quarterly loss despite improving sales
Pendleton-based manufacturer Remy International Inc. saw a big bump in sales in its latest quarter but took a sizable loss after paying part of a legal settlement and dealing with costs associated with its recent acquisition of USA Industries.
Upstart local casket company about to go under
Genesis Casket Co., a locally based manufacturer that appeared to be on the fast track just a few years ago, has notified the state that it plans to close its Indianapolis headquarters, ending employment for 56 workers.
Eli Lilly donates $12.7 million to United Way
The donation represents the giving of employees and retirees of Lilly and Elanco Animal Health in the U.S. and Puerto Rico, plus a matching contribution from the Lilly Foundation.
Cummins shares get spark from strong third quarter
The Columbus-based manufacturer of heavy-duty engines saw profit jump 19 percent on stronger sales in North America and abroad.
Allison exceeds expectations with quarterly report
The Indianapolis-based manufacturer had sales of $553 million in the quarter ended Sept. 30, a 19-percent increase over the same period of 2013. Profit rose to $68.8 million, up from $44.5 million.
Maker of class rings may fetch $1 billion
Herff Jones might be on the verge of a sale for as much as $1 billion. The 94-year-old maker of class rings and yearbooks, quietly renamed Varsity Brands Inc. in June, has hired the investment banking firm Jefferies to explore a sale, unidentified sources told Reuters.