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Medical device manufacturer seeks abatement
Indianapolis-based Medivative Technologies plans to build a 9,000-square-foot addition to its east-side facility and spend $2.5 million to equip it. The expansion should create 15 jobs.
House panel moves to revive alternate jet engine
A U.S. House panel on Wednesday took a step toward reviving the alternate engine for the next-generation F-35 fighter plane that the Indianapolis operations of Rolls-Royce Corp. had been working on until a month ago.
Calumet turns profit on higher product demand
The Indianapolis-based company reported first-quarter profit of $4.2 million after posting a loss in the year-ago period.
LEADING QUESTIONS: Fast-growing firm handles ascent
Michele Meyer, a former Air Force brat, piloted CSCI Consulting to 850 percent revenue growth over four years. So, why is her advice to "start small"? What obstacles await when a firm takes off?
Verizon retirees coming to city to protest executive pay
The Association of BellTel Retirees Inc. will press the board of Verizon Communications Inc. to tighten standards for executive pay when the New York company holds its annual meeting in Indianapolis this week.
Honda to cut production of new Civic, other models
Honda Motor Co. warned U.S. dealers Monday that it will run short of popular models such as the Civic compact later this summer because of parts shortages caused by Japan's earthquake.
Delta unit Brizo partners with fashion designer Jason Wu
Luxury faucet brand and designer started working together in 2006.
Allison Transmission prepares to enter nascent hybrid market
The industry is waiting for the magic combination of high fuel prices and government-backed incentives to turn potential into profit.
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.
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.