Broadband provider Omnicity files for bankruptcy
The company, which had big plans to snap up rural broadband systems through the Midwest, has been in a financial slide for months.
Manufacturing
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In ‘jobs’ elections, foreign goods cause trouble
In an election cycle focused on jobs, campaign material made by foreign workers tends to become political kryptonite.
T2 Systems receives $28 million infusion
The Indianapolis-based company that makes software to manage fee collections and enforcement for parking violations said it will use the funds to expand.
Rolls-Royce labor deal lures jobs
Rolls-Royce Corp.’s Indianapolis plant is preparing to become the global manufacturing site for a large jet-engine component, the banded stator. Rolls-Royce will shift production from an outside supplier, creating 100 jobs.
Lucas Oil beefs up bandwidth to prep for Super Bowl
Wireless providers are picking up the cost of a multimillion-dollar bandwidth upgrade in and around Lucas Oil Stadium.
Incentives flow to tech firm Positron, despite red ink
The molecular-imaging company is trying to transition its business model and get beyond a going-concern warning.
EnerDel parent shakes up management ranks
Battery maker Ener1 Inc., which has almost 400 employees in the Indianapolis area, has replaced its chief executive and appointed Ivy Tech President Thomas J. Snyder as non-executive chairman of the board.
Federal judge limits Indiana ban on robo-calls
Indiana's attorney general says he'll fight a federal judge's ruling limiting Indiana's ban on political robo-calls to in-state phone calls only.
Brightpoint opens logistics facility in Plainfield
The 200,000-square-foot center is Brightpoint’s third “reverse logistics” and repair facility. The others are in Puerto Rico and Fort Worth, Texas.
Indianapolis tech firm BidPal receives $5.6M infusion
The investment from Allos Ventures in Carmel and MK Capital in Northbrook, Ill., will help the company expand into more cities. BidPal uses wireless handheld devices to automate charitable auction bidding.
Chinese aluminum firm gives Purdue $10 million grant
The grant from Nanshan Group Co. Ltd. will provide $2 million each year for the next five years.
IBM adds 175 jobs at Delaware County call center
The new employees are located at the company’s Heartland Business Center in Daleville, where IBM already has about 500 employees.
Interactive Intelligence hits 1,000-employee mark
The Indianapolis-based software firm said it has added 190 jobs in Indiana since the beginning of 2010—a 46-percent growth rate in its state employment.
Steering parts manufacturer plans local expansion
Bishop Steering Technology Inc., an Indianapolis company specializing in designing rack-and-pinion steering gear, plans to expand, creating 25 additional jobs by 2014, the Indiana Economic Development Corp. said Friday.
Local tech company supports education
ExactTarget plans to start a private foundation in 2012 that will support charities working on childhood hunger, education and entrepreneurship.
Manufacturing bellwether Hurco turns profitable
The company’s third-quarter profit was $4.6 million on sales of $50.6 million, compared with a year-ago loss of $1.2 million on sales of $26.5 million.
Fish farming could become $1B industry in Indiana
Current estimates place annual revenue for Indiana fish farming at just a few million dollars. But some believe the state’s central location, abundant land and water supplies, and relatively benign regulatory environment could foster a $1 billion industry in the next 10 years.
Chemical maker Vertellus settles case with feds
The U.S. Drug Enforcement Agency complained that local chemical plant Vertellus Specialties sold a chemical used in making PCP to a suspicious company.
Trailer manufacturer cutting 106 jobs in Indiana
Pace American Enterprises in Middlebury is eliminating the jobs as part of a company-wide layoff that so far has affected 250 employees in five locations.
GAO finds cost estimates for F136 engine outdated
Some members of Congress hope to revive work on the alternate engine for the F-35 Joint Strike Fighter, which Rolls-Royce in Indianapolis worked on for nine years before the project was halted in April.