Manufacturing plant closing in northwest Indiana
Newnan, Ga.-based Bon L. Manufacturing Co. is set to close its facility in Kentland by mid-June, throwing 146 employees out of work.
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Purdue eyes millions in revenue from tech licenses
Companies looking to license and crunch massive amounts of data as part of their product development are turning to Purdue University for help.
DeveloperTown sees sale of first company it helped fund, coach
Daily Lunch Deal sold last month after just a year in business, marking a milestone for its venture-firm mentor.
Techies aim to make money from memories
Two DePauw University graduates are launching a website they hope will preserve the world’s memories, through a virtual bank of shared experiences.
Stout’s Shoes expects website to become its largest ‘store’
After years of failed attempts to create a viable Web presence, Stout’s Shoes has finally plunged into cyberspace using the route experts say many small companies follow: giving the job to a young, tech-savvy family member with an aptitude for social media.
Speedway oil re-refinery begins production
Illinois-based Heritage-Crystal Clean says its refinery here is the second largest in the U.S.
Mini Thin maker agrees to $1M bankruptcy settlement
Carmel resident Richard Deer, who built a business around Mini Thin dietary supplements, has agreed to pay $1 million in his company’s bankruptcy case.
Cummins posts record results for quarter, 2011
Columbus-based diesel engine maker Cummins Inc. reported record results for 2011, earning $1.85 billion on revenue of $18 billion.
Brightpoint posts record revenue for 2011
The Indianapolis-based provider of logistics services to the wireless-phone industry said it earned $48.8 million on revenue of $5.24 billion last year.
Lotion maker relocating operations to Indianapolis
Indianapolis-based New Sunshine, which is owned by a group led by former Conseco Inc. CEO Stephen Hilbert, said it will add 180 jobs by moving a manufacturing facility from Tempe, Ariz.
Purdue’s tech transfer office ranks No. 6 nationally
Purdue tied with Johns Hopkins and ahead of Cal Tech, Carnegie Mellon University and the University of Michigan.
Mira Awards adds category to recognize IT services firms
Nominations for the awards program, which is a program of TechPoint, are due Feb. 21.
ExactTarget’s IPO plan could draw out suitors
Firms pursuing IPOs simultaneously investigate the possibility of a sale as a matter of course, in part because doing so helps investment bankers assess how they should price shares if they pull the trigger on an offering.
Social media to play big role in Super Bowl
A social media command center will monitor the digital fan conversation via Facebook, Twitter and other platforms, and respond to visitors who need assistance.
Bill aims to lift upside for 21st Century fund
Republican State Sen. Brent Waltz has filed a bill that would require the Indiana Economic Development Corp. and businesses seeking awards from the 21st Century fund to match the state’s money with outside capital at a four-to-one ratio.
Toyota’s Columbus plant named among magazine’s top 10
Industry Week will honor the Indiana factory and others from across the country at an April conference in Indianapolis.
French breast-implant recall could sway U.S. device debate
U.S. medical device makers have spent the last year urging government officials to approve high-risk products faster, like their European counterparts. A scandal over leaking breast implants made in France, however, may make the argument more difficult.
Indianapolis-area mergers and acquisitions in 2011
A number of acquisitions last year disclosed no sale price. In the Indianapolis area, those deals ranged from MacAllister Machinery’s purchase of a Caterpillar dealership in Michigan to Herff Jones’ acquisition of a Memphis, Tenn.-headquartered maker of cheerleading uniforms.
Indiana deals ranged upward of $800 million
Mergers and acquisitions in 2011 ranged from WellPoint’s acquisition of CareMore to a trucking company merger.
Southwest Indiana Toyota plant produces 3 millionth vehicle
Workers at a Toyota Motor Corp. plant in southwestern Indiana are celebrating the plant's production of its 3 millionth vehicle.