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.
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.
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.
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.
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.
The Columbus-based manufacturer of heavy-duty engines saw profit jump 19 percent on stronger sales in North America and abroad.
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.
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.
The Indianapolis company said it is closing its Guayama facility because the patents on some of the drugs made there have expired.
The Federal Reserve said Thursday that factory production rose 0.5 percent in September after falling 0.5 percent in August. The continued pace of manufacturing output will likely be a bellwether for the broader economy.
LureCraft Fisherman's Shop Inc. said the expansion will triple its current space in LaGrange and allow it to add 91 workers before the end of 2017.
Alcoa said the $90 million plant in Lafayette is the biggest of its kind and will create 75 jobs.
The pace of U.S. manufacturing growth slowed in September, as expectations for hiring and new orders slipped from their August levels.
RV shipments for the first eight months of 2014 have reached about 246,000 units, a gain of 9 percent from 2013.
Apple says it sold more than 10 million iPhone 6 and 6 Plus models in the three days after the phones went on sale.
The firm has chosen New York-based Deborah Berke Partners to design its $30 million global distribution headquarters that will be built on part of the site where Market Square Arena once stood.
Pendleton-based Remy International Inc. has agreed to pay $32 million to settle a patent lawsuit with an Italian manufacturer that was filed in 2008, the company announced late Thursday.
Eli Lilly and Co. executives on Friday repeated their plea to local businesses to support early childhood education, highlighting the work force development and crime-reduction benefits associated with the effort.
A Japanese auto-parts supplier plans to invest $73.5 million to build and equip a 151,000-square-foot manufacturing facility in the community of Jamestown, adding up to 195 jobs by 2017.
Wabash National announced Friday that its new manufacturing complex in Frankfort, about 45 miles northwest of Indianapolis, will expand its Wabash Composites business.
