Lafayette manufacturing plant laying off 150 workers
Oerlikon Fairfield officials announced Wednesday that the indefinite layoffs will take effect March 4.
Manufacturing
Articles
Chrysler set to announce big Kokomo-area investments
CEO Sergio Marchionne will be on hand to announce the automaker will create 850 jobs at a vacant factory in Tipton and another 400 jobs at three other plants.
LANGFORD: Banks must move toward greater access, flexibility
Consumers want more than ‘one message fits all.’
Senate OKs bill to stop undercover video at farms, plants
The Indiana Senate passed a bill Tuesday that would make it illegal to take unauthorized pictures or video of operations at a manufacturing or farming business.
Indiana auto parts supplier lays off 130 workers
A Contech Castings spokesman said the company’s Auburn plant laid off about half of its work force Friday after losing a contract last week.
City mulls creation of ‘high tech district’ for ExactTarget
ExactTarget Inc. could get a 10-year tax break on an unspecified investment in new equipment if the City-County Council agrees to designate several parcels tied to the Indianapolis-based company as a "high technology district."
Union workers at Goshen’s Cequent plant take severance deal
The trailer-hitch manufacturer plans to close the 450-employee plant and move operations to Mexico. Union workers voted Friday to forego arbitration and accept a severance agreement that will pay the most senior employees $36,000.
Factory workers struggling to bounce back
Thousands of Indiana’s rank-and-file factory workers have seen their earnings lose ground to that of white-collar workers. The gap has grown even as manufacturers expect their assembly-line workers to have more skills and more advanced education.
New microbrewer embraces history of near-east-side headquarters
A bottling house, which is all that’s left of a brewing campus closed by Prohibition, will be home to two partners’ startup this spring.
IU professor patents tweet-analyzing software
Researchers have found that when people get more anxious, there is a good chance of the market dropping three or four days later.
Cummins lowers previously reported earnings
Columbus-based diesel engine manufacturer Cummins Inc. lowered its previously reported quarterly profit by $12 million, or 3.1 percent, after discovering legal fees that the company initially missed.
Allison Transmission cuts 2013 sales outlook
Allison Transmission Inc. predicted 2013 sales declines after it closed 2012 with an inflated $514.2 million annual profit and a massive slide in sales for a key market during the fourth quarter.
Remy International reports $138M annual profit
A one-time tax benefit more than doubled Remy International Inc.’s annual profit to $138.6 million, the Pendleton-based manufacturer reported late Monday.
Allos Ventures raises $40 million for early-stage tech firms
Allos Ventures has raised $40 million from local tech industry luminaries and others to invest in early-stage tech companies in the Midwest, a segment that has seen funding dry up. The fund, Allos II, aims to invest $3 million to $7 million each in about a dozen early-stage companies—not upstarts but those already generating solid revenue streams.
Even salvage auto buyers now have an app to make purchases easier
Bids have been taken via smart-phone applications for more than a year. Now a unit of Carmel-based KAR Auction Services has introduced an app to make paying easier.
Does hybrid-tech startup have investors too revved up?
Echo Automotive trades on the OTC Bulletin Board, the Wild West of investing—where cheap stock prices and low trading volumes can translate into wild swings in stock price.
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.