Pendleton-based auto parts manufacturer Remy International Inc. plans to buy out a partner’s share in a Chinese joint venture, potentially paving the way for a greater share of the growing Asian market.
Anderson Elks Lodge 209 wants to auction off its building at 1803 Broadway St. The lodge has about 260 members, a sharp decline from the nearly 2,000 members it boasted in the 1970s.
Shares of the California-based cloud computing giant continue to lag after last week’s announcement of its $2.5 billion offer for Indy-based marketing powerhouse ExactTarget.
NSK Corp. and NSK Precision America Inc. said the project will allow them to hire 46 additional workers by 2016 at their 63-acre corporate campus.
The 2.1 million-square-foot plant, which sits on 102 acres near downtown, opened in 1930 and employed more than 5,000 at its peak. That number was fewer than 700 when it closed two years ago.
The Indianapolis-based maker of equipment for cutting and forming metal beat the weakened economy in Europe, but saw a sales drop in the recessionary Asia Pacific market.
In a nondescript manufacturing plant on Indianapolis’ east side, a manufacturer is producing one of the most unique weapons in the war on skin cancer. Called SunGuard, the laundry additive is being called by some dermatologists a potential life saver.
xactTarget Inc.’s sale will swell the value of employee stock options to nearly $300 million—a windfall local tech experts expect will launch a wave of entrepreneurship over the next several years.
Cummins Inc. wants to expand its downtown Indianapolis presence and is searching for land to construct an office building that would double the space the Fortune 500 company occupies in the city, several local office brokers said.
In a company memo, ExactTarget CEO Scott Dorsey assures employees of their importance after announcing deal to sell the company for $2.5 billion.
Toyota says it is hiring slightly more new workers than first expected as it increases production at its southwestern Indiana factory.
ExactTarget CEO Scott Dorsey said the company will remain “very committed to Indianapolis” after its $2.5 billion buyout by tech giant Salesforce.com, but he would not comment on potential changes to the local work force of more than 1,000 employees.
ExactTarget, an Indianapolis-based digital marketing company, is fetching $33.75 per share—a whopping 53-percent premium to where its stock closed Monday.
Scott Miller, who resigned from the chamber post after less than two years to follow his entrepreneurial bent, will help two local startups get off the ground.
Manufacturing has struggled this year as weak economies abroad have slowed U.S. exports. U.S. businesses have also reduced their pace of investment in areas such as equipment and computer software.
The Indianapolis-based company will invest $2.8 million to expand its downtown headquarters and open a data center in Columbus, Ind.
Launched in January, 3D Parts Manufacturing joined a recent surge in rapid prototyping and additive manufacturing operations known as 3D printers. Rather than screwing and gluing parts together, operators plug digital designs into machines that shape plastic and metal powders from the bottom up, one microscopic level at a time.
Executive vice presidents of a company that planned to build high-tech police cars at an eastern Indiana factory are seeking more than $600,000 in deferred wages.
The decision to close the Elkhart factory comes two weeks after Allied Specialty Vehicles bought SJC Industries. Production will be moved to a Florida factory in the coming months.
Greenwood officials three years ago approved $8.4 million of incentives for the Elona Biotechnologies project, including the construction loan.
