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Lilly to expand partnership with diagnostic firm
Diagnostic products maker Qiagen NV said Wednesday that it will work with Eli Lilly and Co. to develop new tests that could identify patients who could be helped by Lilly’s drugs.
UPDATE: Sensient to cut 125 jobs due to Chicago move
Sensient Technologies Corp. has alerted state officials that it will lay off 125 workers from its Indianapolis operations. That follows the company’s announcement that it plans to move its local Flavors & Fragrances Group headquarters to suburban Chicago.
Angie’s List turns corner on profitability
Indianapolis-based Angie's List on Wednesday reported fourth-quarter profit of $2.4 million—the consumer-ratings service's first profitable period since its 1995 founding.
Calumet’s 2012 profit rockets to $205.7 million
An acquisition spree helped oil refiner Calumet Specialty Products increase profit almost five-fold in 2012, the Indianapolis-based company reported Wednesday morning.
Greensburg auto-parts plant plans expansion, 200-plus hires
Automotive supplier Valeo expects to invest $15.5 million in new machinery for its Greensburg facility as part of its plans to expand operations in the plant and bring more than 200 workers onto the company payroll by 2014.
Sensient plans to move Indy headquarters to Chicago
Milwaukee-based Sensient Technologies Corp. said Friday it plans to move its Indianapolis-based Flavors & Fragrances Group corporate headquarters to Chicago before mid-2014.
Calumet jumps into $300 million refinery joint venture
Calumet Specialty Products Partners LP plans to build a $300 million diesel refinery in North Dakota as part of a joint venture with energy company MDU Resources Group Inc., the firms announced after markets closed Thursday.
Firm’s Klipsch purchase hasn’t rocked Wall Street
Voxx International Corp.’s $166 million buyout of Indianapolis-based speaker maker Klipsch Group two years ago so far hasn’t generated the excitement on Wall Street that Voxx wants.
Cummins’ earnings, revenue fall on weaker demand
Engine maker Cummins Inc. saw profit sink 30 percent in the fourth quarter as demand for its products fell in both domestic and international markets. Full-year profit and revenue also fell.
Purdue lands $14.5M to expand nanotechnology portal
Purdue University announced Tuesday that some of its researchers won a five-year, $14.5 million grant from the National Science Foundation to expand the school’s online gateway for instruction, research and simulations in nanotechnology.
Local tool supplier plans to expand, add 20 jobs
Indianapolis-based Hahn Systems LLC said it will add 20 jobs by 2016 as part of a $900,000 expansion that includes purchasing and equipping a 27,000-square-foot facility.
Remy International CEO Weber stepping down
Remy International Inc. President and CEO John Weber will resign at the end of February after leading the company for seven years, the Pendleton-based automotive supplier announced Friday.
Health care startups hungry for funds
Frustrated by up-and-down state funding for startup life sciences companies, industry leaders are talking up a plan to create a dedicated funding stream that could total $30 million a year.
Emmis executive a technology pioneer
Paul Brenner, chief technology officer for Emmis Communications Corp., is largely credited with pioneering two recent technological breakthroughs that could pump badly needed revenue into the radio industry.
GM moving 80 jobs from Castleton to Michigan
General Motors on Wednesday said it plans to move 80 jobs from Indianapolis to Pontiac, Mich., as part of a plan to expand its engine and transmission development headquarters.
Division of Carmel firm plans 300 jobs in Fort Wayne
Accelerated Tanks and Trailers, a division of a Carmel-based company, plans to open a Fort Wayne manufacturing plant that could bring about 300 new jobs to northeast Indiana by 2016.
Sale of family-owned business leads to lawsuit
Deborah Ecksten, a former shareholder of Indianapolis-based Createc Corp., is suing her brother and mother, claiming they earned multimillion-dollar profits at her expense by selling the company without her knowledge.
ChaCha secures $14M investment to expand services
The latest round of funding will enable ChaCha to make “significant” investments in new products to expand both mobile and online services, CEO Scott Jones said. Internally, the project is dubbed “Go Big.”
Rolls-Royce cutting production jobs in Indy
Rolls-Royce has offered buyouts and early retirement to 28 union production workers because of decreased product demand. The company declined to say whether any non-union workers were being cut.