Hillenbrand profit falls on acquisition costs
Excluding acquisition costs, the Batesville-based maker of caskets exceeded Wall Street forecasts with earnings of $28.1 million.
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Calumet see smaller loss in second quarter
The Indianapolis-based owner of oil refineries lost $907,000 in the three months ended June 30. In the same quarter last year,
the company lost $26 million.
Delta Faucet parent lowers forecast for housing starts
The Carmel-based company backed off earlier predictions after a mid-year slow-down that could affect its sales.
Cummins’ profit rises on strong overseas sales
Columbus-based diesel engine manufacturer raised its full-year earnings forecast after second quarter profit rose to $246
million.
Federal agents’ raid hits University Loft at tough time
Military contracts have helped shore up sagging sales at University Loft Co., the furniture maker federal agents raided two
weeks ago. Still, University
Loft’s work force is almost 50 percent off its recent peak.
Gas City close to deal with furniture maker
The Gas City council has approved granting up to $2.5 million in economic revenue bonds for Echelon Furniture Inc. to locate
in a plant that Amcast Automotive shut down in 2006.
Rolls-Royce snags $70M contract to service Canadian fleet
British firm’s Indianapolis manufacturing facility will provide engine management and repair services, as well as logistics
and on-site technical support for Canadian military transport aircraft.
Angola manufacturers plan nearly 180 new jobs
Fuel Systems of Angola and Steffy Wood Products say they will invest a total of $4.8 million on their production facilities
in northeast Indiana, creating 178 jobs by 2013.
Cummins gets upgrade from Moody’s
The company’s rating rose one notch because it has taken steps to insulate itself from economic downturns.
Cummins moving 100 jobs from Memphis to Mexico
The moves will leave about 1,400 employees of Cummins and its contract workers in the Memphis area.
Federal agents raid University Loft headquarters
Agents descended on the contract-furniture maker to execute a sealed search warrant. A spokeswoman for U.S. Attorney Tim Morrison said no arrests were made.
Calumet Specialty plans to sell $450 million of debt
The Indianapolis-based refiner of specialty hydrocarbon products plans to sell $450 million of senior notes. Proceeds will
be used to repay bank debt.
Herff Jones closing plant in eastern Pennsylvania
Indianapolis-based Herff Jones Inc. said it will close the printing plant in eastern Pennsylvania this fall, laying off 107
workers.
Cummins to expand Seymour plant, add 200 jobs
Cummins said it will invest $100 million in the Seymour plant as it rolls out a new, larger-displacement engine.
Indiana officials excited about solar company’s plan
Tipton County officials had been working for months to attract Abound Solar to the 800,000-square-foot factory along U.S.
31, where it might employ as many as 850 workers.
Solar firm investing $500M in unused Getrag plant; 850 jobs planned
A Colorado-based Abound Solar will get federal help taking over the empty Getrag plant on U.S. 31 near Kokomo,
creating as many as
850 jobs in the next three years and establishing what it says will be the largest such facility in the United States.
Delta Faucet adaps to new normal in homebuilding
The company's total employment is 1,345, down 43 percent from 2007.
Vera Bradley files for $175M IPO
The 28-year-old company reported profit in its latest fiscal year of $43.2 million on $288.9 million in sales.
Local union boss on GM talks: ‘They’re forcing this upon us’
Negotiations for wage cuts meant to grease the sale of a General Motors stamping plant slated for closure will proceed over
public protest of 650 local union
workers.
Alcoa cutting 65 jobs at Lafayette plant
United Steelworkers local president Jerry Misner says the layoffs at the Lafayette plant are effective Monday.