The locally based flavor maker has agreed to reduce its usage of diacetyl, which had prompted fines from the state. The deal significantly reduces the amount of the penalty—from $325,500 to $99,000.
The Indianapolis-based chain rolled out a new FinishLine.com four days before Black Friday. But glitches and customer complaints forced it to revert to the legacy version Dec. 6.
Chrysler Group LLC is betting on huge sales gains to justify the more than $374 million it is considering investing in Kokomo and Tipton to make a new line of nine-speed transmissions.
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.
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.
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.
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 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.
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.
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.
AM General says it plans to lay off 400 employees at its military assembly plant in northern Indiana beginning Jan. 1.
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 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.
Indianapolis-based Promise Monsters makes and sell plush toys that promote kindness through secret “missions” kids are asked to complete.
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 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.
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.
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.
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.
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.
