Life sciences finance pro heading to startup
If a biotech startup were akin to a rock band, Kristin Sherman might be the keyboardist. She’s not front-and-center on the stage, but the ballad wouldn’t be as dynamic without her pounding the chords.
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Gilchrist & Soames enjoying sweet smell of success
Plainfield-based company provides its soaps and shampoos to world’s most prestigious hotels.
Suzuki files bankruptcy, leaving U.S. market
The decision will affect two dealerships in the Indianapolis area: Bob Rohrman’s Indy Suzuki and Used Car Superstore and the Ray Skillman Westside Auto Mall, both of which sell new Suzuki vehicles.
FacadeTek eliminating 72 jobs in Whitestown
Glass fabricator FacadeTek Inc. has notified state officials that it will eliminate 72 jobs at its Whitestown facility in January.
ADM planning $29M expansion on city’s southeast side
Decatur, Ill.-based ADM Milling Co. is seeking tax incentives related to its plans to construct a six-story building to increase its milling capacity. The expansion will help it retain 53 workers.
Speech recognition technology firm gets cash infusion
Waveform Communications LLC got its second round of funding for research and development.
Production of Inc. 500 firms ranks city sixth nationally
The Indianapolis area produced more Inc. 500 companies per person from 2001 to 2010 than all but five other U.S. metro areas with more than 1 million residents, according to a recent study by the Kansas City-based Kauffman Foundation.
Defense contractors play wait and see on budget cuts
Indiana’s largest military contractors are questioning their future operations as they await word on whether the U.S. Department of Defense will lose up to $1 trillion in funding in the next decade.
Lilly to spend $140M on new insulin cartridge plant
About 100 workers will staff the new plant, which will be constructed by spring 2014 and ready for operations in 2015. But only “some” of that number will be new hires.
Calumet’s sales, profit boom after acquisitions
Calumet Specialty Products Partners LP’s profit more than doubled in the third quarter, helped by huge gains in the fuel-products side of its business following several acquisitions.
Cummins posts lower quarterly profit, revenue
The Columbus-based manufacturer of diesel engines reported profit of $352 million, or $1.86 per share, compared with $452 million, or $2.35 per share, in the year-ago period.
Japanese car supplier plans to add 60 workers in Greensburg
Hitachi Powdered Metals (USA) Inc.said it will invest $38.4 million to build and equip a second facility on its 30-acre campus in Decatur County.
Diamond Foods closing Fishers plant with 100 employees
The maker of snack foods such as Pop Secret popcorn and Emerald nuts said it will close its Fishers plant, which it purchased in 2006 from Harmony Foods Corp., on Jan. 31.
Allison lowers outlook after profit slides 17 percent
Allison Transmission Holdings Inc.’s profit dropped 17 percent in the third quarter after sales slid 14 percent.
ExactTarget eyed as attractive takeover target
Indianapolis-based ExactTarget Inc., the fast-growing e-mail marketer that went public in March, is likely being looked at as a possible takeover target by software giants including Microsoft, Oracle and SAP, according to industry experts.
Indiana manufacturers see momentum vanish
The state lost an estimated 1,400 manufacturing jobs in September, the U.S. Bureau of Labor Statistics reported, and a wave of layoff announcements in recent weeks suggests steeper declines are coming in the year’s final quarter.
Container makers want to restore fizz to state’s recycling fund
The money, long ago diverted by Gov. Daniels to the state’s general fund, would help reduce landfill waste and lower manufacturing costs.
Rapid rise of ExactTarget uplifting for young techies
In just over a decade, the interactive marketer has rocketed from bootstrapped startup to New York Stock Exchange-listed company with a market value of $1.5 billion.
Company plans to close 450-worker Indiana factory
Michigan-based Cequent Performance Products factory is planning to close a 450-worker factory in Goshen where it makes trailer hitches.
Filtration manufacturer moving from Fishers to Anderson
Hy-Pro Filtration plans a $10.5 million construction project for its new facility and will move more than 100 employees from Fishers to Anderson next year.