Chrysler plans to spend $300M retooling Kokomo plants
Investment in transmission and casting plants, however, hinges on city’s ability to offer tax abatement.
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Packaging manufacturer plans 22 jobs in Westfield
Carmel-based CPS Inc. is moving into an existing 64,800-square-foot building and will begin hiring in July.
Allison Transmission, supplier feuding in court
A dispute between Allison and a major supplier over allegations of defective parts has grown so contentious that
the supplier is threatening to halt shipments—a move Allison says could force it to shut down.
Knauf Insulation sues NatCity over $8M investment loss
One of Shelby County’s largest employers is suing NatCity Investments Inc. to try to recover nearly $8 million in losses on
auction-rate securities. Knauf Insulation filed suit in Shelby Superior Court in March, saying NatCity should repay the money
in accordance with a settlement the bank reached with federal regulators in March 2009.
Brightpoint reports higher revenue, earnings
Brightpoint handled 22.5 million units in the first quarter, a jump of 21 percent compared to the first quarter of 2009.
Subaru adding production at Lafayette plant
Japanese automaker has boosted employment by 200 since August to meet demand for its Outback and Legacy models.
Vontoo CEO to receive TechPoint Trailblazer Award
Robert Compton will receive the honor for his contributions to the state’s high-tech sector at the Mira Awards program May
15.
ExactTarget reports record quarterly revenue
The Indianapolis-based e-mail marketing firm posted revenue of $29 million in the first three months of the year, a 37-percent
increase from the same period last year.
Sale of GM plant could come as soon as June
UAW official says General Motors and prospective buyer are working on a “real aggressive” schedule to have the acquisition
completed by the end of June.
GM in talks to sell Indianapolis stamping plant
City and union officials say General Motors has found a potential buyer for an Indianapolis stamping plant that it has planned
to shut down: JD Norman Industries of suburban Chicago.
Navistar finalizes foundry closing
Navistar Inc. has notified state leaders that its Indianapolis Casting Corp. foundry at 5565 Brookville Road will close in
July, costing about 220 employees their jobs.
Interactive Intelligence reports strong profit, revenue
Interactive Intelligence’s quarterly profit rises to $1.9 million, a 58-percent improvement over the first three months of
last year.
Cummins profit jumps on demand from emerging markets
The Columbus-based engine maker sees sales increase in developing countries such as China, India and Brazil.
Calumet wins $132M federal defense contract
The one-year agreement calls for the Indianapolis-based company to supply aviation fuel to the Defense Energy Support Center
in Virginia.
UPDATE: GM fuel-efficiency push means jobs in Bedford
General Motors plans to invest $111 million and add 245 new jobs at a plant in Bedford as part of a larger effort to make
its fleet more fuel-efficient.
Anderson tech firm One Number files patent suit against Google
An Anderson firm that provides a “one number” service that rings all of a client’s phones has filed suit
against Web giant Google, alleging Google Voice infringes on two of its patents.
Tipton County works on deal to fill empty Getrag factory
A central Indiana county is nearing approval of more than $13 million in incentives in hopes of attracting a company to take
over a sprawling factory that a Chrysler supplier stopped building in 2008.
Chrysler’s old assets in bankruptcy can be liquidated, court rules
Investors who had challenged the bankruptcy sale, including the Indiana State Police Pension Trust, had argued that Treasury
Secretary Timothy Geithner violated the Constitution by using TARP money to finance the sale, and had their arguments overruled
in the appeals court.
Indiana’s place in a globalized economy
How will the state stand up against booming—and highly innovative—emerging nations?
Health care tech firm Gemms adding 69 jobs
Carmel-based electronic medical records developer Gemms Inc. plans to invest $2.1 million to expand its headquarters and software
development operations here, more than doubling its staff in the next five years.