Weak market could derail Allison’s planned IPO
Indianapolis-based Allison Transmission in March said it planned to raise $750 million through a public stock sale, but the economic outlook has darkened since then.
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Westfield company wants to add 178 jobs in Jeffersonville
A subsidiary of Westfield-based Revere Industries LLC could add 178 jobs in Jeffersonville in southern Indiana if it wins approval of a property tax abatement.
EnerDel parent says quarterly report will be late
New York-based Ener1 Inc., which engineers and makes batteries in the Indianapolis area at its EnerDel subsidiary, announced Tuesday that it won't file its second-quarter 2011 financial report on time.
Rolls-Royce looks to expand test sites
Rolls-Royce Group, one of the largest employers in Indianapolis, is studying sites in the United States and Germany for new engine test sites.
Slingshot SEO names tech veteran its CEO
Jay Love, who co-founded and sold software maker eTapestry for $24.8 million in 2007, will return to Indianapolis to lead the growing search engine optimization firm.
Hillenbrand to buy Cincinnati business for $240M
Batesville-based company expects to close on its purchase of Cincinnati-based Rotex Global LLC later this month. Rotex makes dry material separation machines.
Franklin Electric moving HQ, 220 jobs to Fort Wayne
Franklin Electric Co. Inc. says it will move its corporate headquarters from Bluffton to a $25 million development in Fort Wayne by 2013. The company has 220 employees and expects to add 35 more by 2014.
Firm helping others create ‘an app for that’
A two-man Indianapolis firm is making a splash in the graphic design industry with a Web-based tool that allows designers unfamiliar with Apple Inc. software code to build applications for iPads and iPhones.
Smarter product mix boosting Brightpoint
Mobile-phone distributor Brightpoint Inc. is a wireless industry middleman, constantly trying to strike deals with competing manufacturers and carriers, to gain market share in distributing the world’s high-priced smartphones and tablets.
Ingersoll-Rand to halt production of SecureKey
Elimination of product is part of settlement with rival manufacturer.
Navistar adding, eliminating factory jobs in Indiana
Navistar International Corp. announced plans Tuesday to create up to 400 factory jobs in northern Indiana while eliminating 250 manufacturing positions in the eastern part of the state.
Democrat Gregg wants to improve manufacturing base
Former Indiana House Speaker John Gregg said Tuesday he would focus on rejuvenating the state's manufacturing base if he is elected governor next November.
Packaging manufacturer plans to expand, add 80 jobs
Indianapolis-based DGP Intelsius LLC, a manufacturer and distributor of temperature-controlled packaging, announced on Tuesday morning that it plans to add 80 jobs by 2014 as part of an $870,000 expansion.
Herff Jones completes Varsity Brands acquisition
The Indianapolis-based class ring and yearbook maker has completed its acquisition of Memphis-based Varsity Brands, which manufactures and distributes apparel for cheerleading and dance activities.
Northeastern Indiana auto parts maker laying off 175
Ficosa North America will sideline workers beginning in September as the company consolidates mirror production and prepares the plant to make other products.
Chinese firm aims to hire thousands at Indiana facility
A Chinese entrepreneur intends to open his first U.S. tire-recycling facility in Indiana. Good Time Technology Development is considering vacant industrial sites in Connersville, Kokomo and Muncie.
Proliferation of smartphones fuels big jump in Brightpoint profit
Second-quarter revenue was $1.23 billion, well ahead of the consensus estimate of $1.09 billion and 57 percent ahead of the same quarter a year earlier.
Tech startup Tinderbox picks up more funding, industry veteran
A former executive vice president at Indianapolis-based e-mail marketing firm Exact Target will lead the firm’s effort to sell to bigger companies.
Work starting on $8.8M center at Crane tech park
Gov. Mitch Daniels joined local officials for a groundbreaking ceremony Wednesday for the $8.8 million center for the WestGate at Crane Technology Park. The 64,000 square-foot, two-story building will include training classrooms and office space.
Cummins profit soars on increased sales
Cummins Inc.'s second-quarter profit more than doubled on a steep increase in sales and a gain on the sale of its exhaust business, the Columbus, Ind.-based engine maker said Tuesday.