Local paperboard plant with 161 workers to close in March
The plant, located at 620 S. Belmont Ave., southwest of downtown, has been making paperboard packaging since the early 1970s.
Manufacturing
Articles
Website operator for cities expanding
An Indianapolis company that manages websites and processes payments for dozens of cities and towns plans to raise $2 million to grow.
Indy-based website for coaches scores key VC investment
The startup operating from SoBro plans to expand its market with the cash infusion, connecting athletes and teams to qualified coaches.
Emmis fine-tuning FM radio app for automobiles
The Indianapolis broadcasting company is in talks with automakers to marry its NextRadio app to car dashboards, creating a two-way conversation between listeners and stations.
Software firm seeks tax breaks for HQ move, expansion
The Consultants Consortium Inc., which does business as TCC Software Solutions, said it plans to spend about $1.3 million to renovate two buildings on a 3.6-acre property at the northeast corner of Winthrop Avenue and East 52nd Street.
Man charged with trying to send Iran fighter-jet documents
Mozaffar Khazaee, a native of Iran who became a naturalized U.S. citizen in 1991 and recently moved to Indianapolis, was arrested before he was able to board a connecting flight to Frankfurt.
Berry Plastics to spend $31M on expansion, hire 336 workers
The Evansville-based manufacturing giant intends to consolidate some operations from out of state into existing Indiana facilities.
Baggott leaves Compendium, goes whole-hog on food industry
The local tech titan and co-founder of ExactTarget has cut ties with his latest software venture to concentrate on his livestock and corn operations, plus a restaurant he just purchased in Greenfield.
Fishers weighing deal to land high-potential startup
A Colorado-based startup is poised to move its headquarters to Fishers, where it plans to open a lighting-production facility in the former Diamond Foods plant on Exit 5 Parkway near Interstate 69.
Union vote to keep Boeing plant out of Indiana, other states
Production workers for the aerospace giant voted narrowly to accept benefit cuts in order to assure the plant would be built in the Seattle area.
State lags city with science, tech jobs
Careers in science, technology, engineering and math—typically referred to as STEM fields—have surged in growth compared to other careers in Marion and Hamilton counties. But the rest of Indiana has barely budged from the early 2000s.
Investment manager sees good growth prospects for 2014
Tom Pence predicts change for U.S. manufacturing.
Two plead guilty to Purdue computer hacking
The former engineering students were charged with hacking into their professors’ accounts to boost their grades.
Better homes and gadgets: Household power use falls
Even though our lives are more wired than ever, power usage is on track to decline for the third year in a row due to more energy-efficient housing, appliances and consumer-friendly devices.
Company aims to open $350M plant next year
Magnetation Inc. already has started construction on several large buildings in the town of Reynolds, and intends to start producing iron ore pellets by the second half of 2014.
Target says customers’ encrypted PINs were stolen
The retailer claims the PIN numbers of some 40 million customers are safe and secure, but a security consultant counsels changing the access codes.
Websites try to nix nasty comments
After years of encouraging anything-goes online discussion, a growing number of websites are trying to rein in the mean-spirited outliers.
Flexsteel settles Elkhart contamination suit for $6.25M
The Iowa-based furniture maker was accused of polluting the water wells of nine homes in the northern Indiana community.
Young CEO has big plans for employee-training software firm
Upstart Lesson.ly, an Indy-based developer of training software, is run by a 25-year-old and is trying to cut into a $42 billion market dominated by titans such as IBM and Oracle.
Cummins sues T-shirt sellers for logo infringement
Cummins Inc., the Indiana-based maker of truck engines, has sued three named and 10 unnamed defendants for trademark infringement. The company claims the defendants are making and selling T-shirts bearing its trademarks without permission.