UPDATE: Skjodt-Barrett Foods bringing 300 jobs to Lebanon
The newest tenant in Lebanon Business Park will occupy 214,000 square feet and make a $20 million investment to build out the space and install equipment.
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Bell Industries turns annual profit
The holding company for Bell Techlogix and the Recreational Products Group earned a profit of $300,000 in 2010 after losing $1.9 million the previous year.
Think hopes to boost sales through Indiana rebate
Electric car maker Think hopes to kick-start sluggish sales through a rebate program available only to Indiana residents.
Rolls-Royce, union strike deal as competition looms
Competition from a new, state-of-the-art Rolls-Royce factory in Virginia drove contract talks in Indianapolis between the company and a union representing 1,700 of its workers here.
Ivy Tech says it’ll save $18M with IU computer pact
Indiana University agrees to let Ivy Tech store computer records on its system, an agreement that help Ivy Tech avoid building its own data center.
Cummins’ profit more than doubles in first quarter
The Columbus, Ind.-based engine maker reported first-quarter profit of $343 million amid continued strength in key international markets and a recovery in the North American truck market.
Pentagon pulls plug on Rolls-Royce engine project
Congress and the General Electric/Rolls-Royce group that was developing the engine were notified of the termination decision Monday. Rolls-Royce had about 130 people, mostly engineers, working on the F-35 project in Plainfield and Indianapolis.
Profit, revenue up at Interactive Intelligence
The Indianapolis business-communications software firm on Monday reported revenue of $47.7 million in the quarter ended March 31, up 36 percent from the same period last year. Profit was $3.1 million.
ExactTarget attracts another $30M in venture capital
The Indianapolis tech company said it will use the funding to make key acquisitions, expand in new and existing markets, and accelerate development of its interactive marketing technology.
Navistar recalling workers at Indianapolis plant
Navistar has recalled 120 workers who were laid off when Indianapolis Casting Corp. stopped production at the facility in late 2010 and plans to recall 30 more of those workers by June.
Toyota extends North American production cuts
Toyota Motor Corp. has extended production cuts at its North American factories into early June as it struggles to deal with parts shortages caused by the earthquake that hit Japan.
Allison to add 200-plus jobs over next two years
Allison Transmission plans to invest $89 million to grow its headquarters and manufacturing operations, creating as many as 205 jobs by 2013.
Steel Dynamics’ quarterly profit jumps 63 percent
Steel Dynamics earned $105.9 million, compared with $65 million in the year-ago quarter. Revenue rose 30 percent, to $2 billion. Analysts were looking for $1.91 billion.
West 10th Street to be rerouted in Speedway
The town of Speedway will reroute West 10th Street to help Allison Transmission consolidate its parking lots and accommodate new employees tied to a hybrid transmission the company is developing.
Battery maker drops Indianapolis president
Battery maker Ener1 Inc. has fired Chief Operating Officer Rick Stanley, who was also president of the company's Indianapolis-based operation, EnerDel Inc.
Shelbyville uses new incubator to lure tech firm Tyros
A company that will soon become Shelbyville’s newest corporate resident has a nifty, high-tech idea to help schools, leagues and sports associations connect with sports referees and officials.
Federal budget could create headaches for Rolls-Royce
The federal budget crunch already has halted work on a second engine for the F-35 Joint Strike Fighter being developed by General Electric and Rolls-Royce—putting thousands of jobs in jeopardy—and it's not the only aerospace program facing an uncertain future.
Subaru plant plans 4-day production halt on one line
Subaru of America is halting production on one of its Lafayette plant's production lines for four days due to a parts shortage caused by Japan's devastating earthquake and tsunami.
Calumet Specialty hopes to raise $375M to pay off debt
Indianapolis oil-refiner Calumet Specialty Products Partners LP intends to sell $375 million in senior notes to pay off existing debt.
Software firm seeks to reorganize as holding company
Interactive Intelligence Inc. will ask shareholders at its next annual meeting to vote on a proposal to reorganize the software firm under a new holding company called Interactive Intelligence Group Inc.