Steel Dynamics profit drops, but outlook brightens
Fort Wayne-based Steel Dynamics' fourth-quarter profit tumbled 71 percent, but shares rose Monday after the company predicted that the economic recovery would fuel greater industrial demand.
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Remy International considering stock offering, CEO says
Pendleton-based Remy International Inc., the former General Motors Co. unit that exited bankruptcy in 2007, is considering a public offering of its stock this year, CEO John Weber says.
Michigan City snack-food baker adding up to 100 jobs
Hearthside Food Solutions says it will invest $3.8 million to expand its operations and hire new workers. The company bakes snack foods for such brands as Keebler, Nabisco and Kraft.
Unions looking to make Hoosier comeback
Indiana could be on the front line in the United Auto Workers’ campaign to unionize foreign-owned plants.
Indiana mergers and acquisition ranged upward of $2.3 billion
Simon Property Group’s acquisition of Prime Outlets was the largest by an Indiana company in 2010.
Uptick in M&A activity suggests a turnaround
Fourth quarter helps to bolster 2010 deal-making.
Former Allison exec settles suit alleging bribery
A former China-based executive of Allison Transmission has agreed to drop a lawsuit that claimed the company won business by bribing foreign officials. But it's likely that the firm still must deal with scrutiny from the Department of Justice, according to one legal expert.
ChaCha lands $3M investment
The Carmel-based company said the latest round of financing extends a $20 million investment it received in October to fund an expansion of its signature mobile service.
Brightpoint to re-enter the Polish market
Indianapolis-based Brightpoint Inc., which helps cell phone makers manage their supply chains, said Wednesday that it is re-entering Poland, a market it exited two years ago at the height of the global downturn.
UPDATE: Biden touts advanced vehicles in Greenfield
Vice President Joe Biden was in Greenfield, about 25 miles east of Indianapolis, on Wednesday morning to visit an EnerDel plant that received a $118.5 million Recovery Act grant in 2009 to expand its lithium-ion battery production.
Brightpoint exec Fivel leaving for Simon Property Group
One of the top executives at Brightpoint Inc. is leaving the Indianapolis-based cell phone distributor to take a similar position at Simon Property Group.
Humvee maker cutting 300 jobs at Indiana factory
AM General plans to lay off 300 workers from the Mishawaka factory that makes Humvees for the military.
Ambulance manufacturing plant in northern Indiana closing
Medtec Ambulance Corp. has notified state officials it will close its plant in Goshen on March 31 as part of a reorganization that will move operations to Bradenton, Fla., costing 150 workers their jobs.
RV makers are optimistic industry will rebound in 2011
A University of Michigan survey found that recreational vehicle companies are expecting a nearly 4 percent increase in sales this year.
Rising industrial production gives economy momentum
Factories started producing more as U.S. companies placed more orders to replenish stockpiles that they slashed during the downturn. Then in the final months of 2010, consumers and businesses showed a bigger appetite to spend, encouraged in part by the improving economy.
Parking key issue in Rolls-Royce’s possible downtown move
Rolls-Royce Corp.’s decision whether to move about 2,500 office employees to a former Eli Lilly and Co. downtown campus could hinge on three critical factors—parking, incentives and lease terms for the space.
Honda’s Civic becomes ‘athletic’
Honda unveiled the concept design for its 2012 Civic at the North American International Auto Show in Detroit last week.
Brizzi filed for OmniSource forfeiture
Former Marion County Prosecutor Carl Brizzi blasted metal-recycling giant OmniSource in a court filing in his last week in office, asking a judge to force the company to forfeit all five of its Indianapolis scrap yards and a foundry facility in Hendricks County.
Hurco reports fourth quarter, annual losses
Indianapolis-based machine tool maker lost $1.1 million in the fourth quarter and $5.7 million in fiscal 2010.
Local tech consultant to expand, add 60 jobs
Indianapolis technology firm MMY Consulting Inc. will spent $700,000 to expand its local operations, economic development officials said early Wednesday, nearly doubling its staff over the next four years.