Slinky maker’s owner buys bankrupt Fundex for $1.7M
Private equity firm Propel Equity Partners is acquiring Fundex following a court-ordered auction in which a surprise bidder surfaced, driving up the price of the company.
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Digital marketer Raidious to add up to 75 downtown jobs
The company, which currently has 20 Indianapolis employees, began its expansion this fall by leasing 2,800 square feet of office space in the Morrison Opera House, 47 S. Meridian St.
GM to buy back 200M shares as part of government exit
The Treasury plans to sell its remaining stake in General Motors over the next 15 months, allowing the automaker to shed the stigma of being partly owned by the U.S. government.
Carbon Motors plans to build different vehicle in Indiana
A company planning to one day build high-tech police cars in a vacant eastern Indiana auto parts factory says it has a second vehicle that it plans to produce in Indiana.
Chrysler plans 400 more jobs, $212M expansion in Kokomo
Chrysler Group LLC on Monday night said it was planning to spend as much $212 million on another expansion in Kokomo that could add more than 400 jobs.
Buyer of vacant Connersville factory gets more time
Officials of an eastern Indiana city are giving the potential buyer of a large vacant auto parts factory more time to close on the purchase.
Chrysler plans $162 million plant, 850 jobs in Tipton
Tipton officials approved a 10-year tax abatement worth $2.5 million to help the company launch production in a nearly 800,000-square-foot plant at U.S. 31 and State Road 28, about 25 miles north of Carmel.
400 workers to be laid off at Indiana Humvee plant
AM General says it plans to lay off 400 employees at its military assembly plant in northern Indiana beginning Jan. 1.
Carmel poised to gain HQ of new public company
Ingersoll-Rand PLC said it plans to spin off its commercial and residential security unit, which is headquartered in Carmel, into a separate public company. The security division has $2 billion in annual revenue and 1,300 employees in the Indianapolis area.
Chrysler seeks tax incentives on Kokomo plant
Chrysler Group LLC is seeking tax incentives for its transmission plant in Kokomo at the same time it's asking Tipton County officials for similar incentives on a vacant plant.
Startup’s stuffed toys help kids do good
Indianapolis-based Promise Monsters makes and sell plush toys that promote kindness through secret “missions” kids are asked to complete.
Remy rises in first day of trading on NASDAQ exchange
Shares of the Pendleton-based company opened Thursday at $15.85 each and climbed to $16.50 by the end of the day. The stock had previously been listed on the thinly traded pink sheets.
Cummins to buy back up to $1B in stock
Cummins Inc. said Tuesday that its board approved the repurchase of up to $1 billion in stock. The Columbus-based engine maker said it has nearly completed its previous $1 billion buyback plan authorized in February 2011.
Cheerleading CEO to become chief at Herff Jones
The founder of a cheerleading-supply company will become the next CEO of Indianapolis-based Herff Jones Inc., one of the city's largest private companies.
UPDATE: Chrysler may find use for vacant Tipton plant
The automaker has requested incentives to launch production in a nearly 800,000-square-foot plant that's been vacant since being built four years ago.
Elkhart County getting nearly 400 new jobs
The Elkhart County Council on Saturday approved tax incentives for four companies seeking to expand in the county where the jobless rate topped out at nearly 19 percent in March 2009.
Japanese automakers help drive economy
A deal struck 25 years ago brought Subaru-Isuzu to Indiana. Toyota followed in 1996, and Honda came in 2008. The three Japanese automakers now collectively employ 10,000 and support thousands more jobs at suppliers across the state.
Tax software upstart proves appeal to major companies
AppealTrack’s simplicity gains attention in growing market for firms managing property tax appeals.
Honda unveils 2013 Civic
Compact car made in Greensburg usually gets rave reviews from critics, but last year’s model was slammed for poor handling and a ‘cheap’ interior.
Yogurt bares all, but container is recyclable
Company descended from Ball Corp. making recyclable glass packaging for product typically found in plastic.