City set to cancel tax abatement for medical device firm
Polymer Technology Systems said in 2007 that it would make a $3 million investment at its operation on Zionsville Road and create 110 jobs.
Manufacturing
Articles
Hurco reports fourth straight quarterly profit
Strong sales in North America and Europe helped the Indianapolis-based machine-tool maker.
Angie’s List sues rival, accuses it of stealing data
The Indianapolis-based ratings service alleges that principals of Click and Improve Inc. secretly joined Angie’s List then illegally harvested more than 24,000 proprietary files.
Indiana county leaders worried over 911 funding
County officials across Indiana scrambling to find money to pay for 911 emergency services say they aren't confident of getting help from state legislators, who might be leery of boosting cellphone fees during an election year.
Software executive teaching intercontinental collaboration
Weary of having to teach new hires how to work on teams with people halfway around the globe,
ocal software development firm CEO Chris Riester has begun teaching a college class that gives students international experience at home.
Flavor-maker under siege fights back in court
Locally based Sensient Flavors LLC is fighting back with a fury in federal court, following months of intense federal and state scrutiny of the health risks at its Indianapolis plant.
Calumet Specialty Products buys synthetic lubricant business
The purchase included 22 acres of land and a factory in Louisiana, Mo.
Klipsch wins restraining order vs. alleged counterfeiters
The order enables the Indianapolis speaker maker to disable the websites where the suspected knockoffs are sold and allows it to restrain the funds of the accused.
Drugmaker plans 234 Terre Haute jobs by 2016
A California-based pharmaceutical company says it expects to hire 234 people by 2016 at a new operation on the site of a former Pfizer Inc. drug plant near Terre Haute.
Honda to build new Acura model in Indiana
Honda Motor Co. unveiled a trio of new vehicles Monday, including an entry-level car for the Acura brand that will be built in Greensburg.
Ex-Peterbilt dealer hauls trailer manufacturer to court
A longtime Indianapolis-based Peterbilt dealer is suing California-based Utility Trailer Manufacturing Co. for allegedly blocking the sale of the dealership’s trailer sales arm.
Klipsch pushes up earnings for parent company
Klipsch Group parent company Voxx International Corp. said its earnings nearly doubled in its fiscal third quarter, thanks in part to the Indianapolis-based speaker maker it acquired last year.
IT upgrade for state dogged by delays
The state missed a Dec. 15 deadline to complete a complicated technology overhaul of its unemployment insurance system—the latest in a series of delays that have added years to the project and led to more than $18 million in cost overruns.
Great-grandson of LDI’s founder prepares to take reins
In a world that likes to see businesses grow by leaps and bounds, LDI Ltd. is a tortoise. The family-owned holding company typically hangs onto firms in its portfolio for 15 years or more. It might take more than two years to zero in on an acquisition target. And it’s putting its next CEO, J.A. Lacy, through a year-long apprenticeship.
Boone County officials ‘surprised’ by ASI closing
ASI Limited informed an estimated 250 employees by letter that the company was no longer profitable. The manufacturer’s high-profile projects include Lucas Oil Stadium and the JW Marriott hotel.
Columbia City company plans to add 106 jobs
Impact CNC, a production machining company, plans to add the jobs in northeastern Indiana as part of a $12.8 million expansion.
New venue will give startup crowd a place to socialize, share ideas
A group of angel investors, entrepreneurs and high-tech aficionados on Jan. 18 will launch the Speak Easy, a 5,750-square-foot space on the southern edge of Broad Ripple that will serve as a gathering place for those active in the startup community.
State supreme court upholds Indiana robocall law
The Indiana Supreme Court has upheld a state law restricting automated robocalls. In a 4-1 decision Thursday, the court held the state law that requires a live operator on the phone before a recorded message doesn't violate the right to free speech.
Battle between phone rivals spills into the courtroom
Brightpoint sues Miami rival Brightstar twice in one week over its hiring of two former executives of the local wireless-phone distributor.
Northern Indiana RV maker to add up to 250 jobs
The company plans to invest $3.9 million to buy land and construct a 93,000-square-foot facility adjacent to its existing 45-acre campus in the town of Topeka.