Responding to a sputtering global economy, Columbus-based Cummins Inc. said late Tuesday afternoon that it expects to cut 1,000 to 1,500 jobs by the end of 2012. The diesel engine manufacturer also cut its forecast for full-year revenue to about $17 billion from $18 billion.
A federal lawsuit seeking class-action status alleges that Angie’s List automatically renews members' subscriptions at a higher rate than they’re led to believe, under what it calls a “systematic and repeated breach of its membership agreement.”
Facility Concepts Inc.’s purchase of Classico Seating in Peru, Ind., gives the manufacturer of restaurant furniture about 100 employees and 250,000 square feet of manufacturing space.
The automaker had claimed in a complaint to the state that Duke acted in "draconian" fashion by holding onto the seven-figure deposit for service at its Kokomo plant since 2009.
The engine maker says that slowing demand led to the decision to scale back hours for the 350 workers at its Columbus Fuel Systems Plant. The new four-day workweek will continue indefinitely.
Hostess Brands Inc., the maker of Twinkies and Wonderbread, has received the go-ahead from a U.S. bankruptcy court judge to lower wages for thousands of bakery workers, affecting more than 400 employees in Indiana.
Fast-growing T2 Systems has been biding its time since scoring a $28 million equity infusion a year ago, but the maker of parking management software could soon be towing competitors out of its space.
The Franklin metal-tube factory with 39 employees plans to close early next year, less than five years the $2 million plant opened.
The Evansville-based packaging products maker raised $470 million by selling 29.4 million shares at $16 apiece.
Connect Think LLC said it will add the jobs by 2016 and will invest $244,000 in equipment to continue its focus on mobile application development.
Cummins Inc. has received the Environmental Protection Agency’s blessing on a redesigned engine that will meet the first-ever set of federal standards for heavy-duty truck emissions.
The nightmare that culminated with the Plainfield-based company’s recent Chapter 11 bankruptcy filing began in the depths of the financial crisis, when the company’s lender yanked its more-than-$10-million line of credit.
Hoosier Gasket Corp. received the Export Achievement Award for its recent success in Eastern Europe and China.
A former senior project engineer at Rolls-Royce’s Indianapolis plant accused the company of selling parts to the government that it knew did not meet contractual specifications.
The Pendleton-based auto-parts manufacturer is offering 40,000 shares to employees and immediate family members to boost its number of stockholders before a broader public offering.
A $1 billion nitrogen fertilizer plant proposed for southern Indiana's Spencer County would create 1,200 construction jobs over three years and about 80 full-time jobs.
The company said it would try to relocate as many employees as possible to Michigan, though 30 percent are eligible for retirement in 2014.
In a now familiar global ritual, Apple fans jammed shops from Sydney to Paris to pick up the tech juggernaut's latest iPhone. Analysts estimate Apple will ship as many as 10 million of the new iPhones by the end of September.
Indianapolis entrepreneur Nick Carter thinks he’s found a way to eliminate the “black hole” of marketing data: smart business cards that track how recipients use them.
After just three years in business, Sun King finds itself the second-largest brewer in Indiana, behind only Three Floyds Brewing Co. in Munster, which produces about 23,000 barrels and also is growing quickly.
