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.
Manufacturing
Articles
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.
Toyota accepted record $16.4 million fine
Toyota Motor Corp. agreed Monday to pay a record $16.4 million fine for failing to properly notify federal authorities about
a dangerous accelerator pedal defect. The automaker still denies the government's
allegation that it violated the law.
Steel company reaches settlement with EPA
Alro Steel Corp., which has plants in Indianapolis and Fort Wayne, paid a $120,000 fine over hazardous chemical reporting
violations.
AP source: Toyota set to agree on record fine
Toyota Motor Corp. is expected to agree to a fine of more than $16 million on for failing to promptly report to the government
problems with sticking gas pedals on its vehicles, a Transportation Department official said.
Interactive Intelligence performance lifts CEO’s pay
CEO Donald Brown saw a 32.4-percent increase in total compensation last year as the software-maker's shares soared 169
percent.
California brewer to open Franklin plant, hire up to 150
TailGate Beer said it will invest millions of dollars in machinery, equipment and energy-efficiency upgrades to establish
operations in an existing 48,000-square-foot building in Franklin Business Park.
Carbon Motors’ prototype cop car is crammed with technology
The specialized vehicle can read license plates, sniff for weapons of mass destruction and see people and animals in
the dark.