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.
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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.
Herff Jones sells photography division
Indianapolis-based class ring and yearbook maker Herff Jones will sell its photography division to Lifetouch Inc., the company announced Monday.
Toyota in Indiana to work through production slowdowns
Toyota Motor Corp. announced Friday that its Indiana plant in Princeton will operate on a reduced production schedule in the coming weeks, but employees will not lose work because of it.
ALTOM: Maybe laptops should come with safety warnings
My laptop has been my willing companion when putting numbers through the centrifuge or springboarding me out into cyberspace.
Wishard gives IT firms in health and life sciences a place to test products
TechPoint-led initiative is meant to help bring inventions to market by giving them a trial in real-world setting.
Cummins spurs launch of mechanical engineering program
This fall, Indiana University-Purdue University at Columbus will roll out its first four-year mechanical engineering program.
Six faces behind Indianapolis business Twitter handles
Meet the people who tweet for Indianapolis Symphony Orchestra, AAA, Butler University and other local businesses.
Cummins Inc. plans to add 2,500 new jobs in U.S.
The Columbus-based engine manufacturer says it is hiring across the board to meet strong demand worldwide and in anticipation of an economic recovery.
Tax breaks for Rolls-Royce hinge on investment, not jobs
City officials’ fear that Rolls-Royce Corp. might pull thousands of jobs out of Indianapolis drove the negotiations that culminated last month with the company’s committing to move 2,500 of its local office employees to the south side of downtown.
Ener1 picks CEO for Indianapolis-based battery unit
Christopher Cowger joins Ener1 from California-based Advanced Micro Devices, where he was corporate vice president and general manager.
Trucking industry upswing may draw investors to Allison IPO
Allison Transmission is not a household name like Google or General Motors, but it won’t lack an audience for its planned $750 million initial public offering.
Call center orders boost Interactive Intelligence shares
Shares of the call center software firm Interactive Intelligence have nearly tripled, to around $38 from a 52-week low of $14, last August, thanks to a string of larger orders, and to its anticipation of the rise of “communications as a service,” or CaaS.