Year-end growth spurt not likely to be repeated
The economy grew at 5.6-percent clip in fourth quarter, but the impressive number doesn’t indicate the recovery is strong,
economists say.
Manufacturing
Articles
Local security division of Stanley keys growth for company
Stanley Black & Decker, based in New Britain, Conn., reported 2009 profit of $224 million. Its Indianapolis-based security
division, one of three segments, accounted for more than half those earnings.
FormSpring.com changes name to eliminate confusion with social site
Since the company was founded in 2006, it has racked up customers from 110 countries, providing them numerous Web forms to
capture customer/client information.
ALTOM: Do your company data files belong in the ‘cloud’?
The “cloud” is a relatively recent word to describe the Internet, but it has a rather specific connotation. It
refers to the Internet’s ability to take individual objects and break them into pieces so they can be stored and retrieved
without your knowing exactly where they’ve been.
Tokusen USA planning 135 jobs at new Scottsburg plant
Arkansas wire-maker Tokusen USA Inc. plans to establish a manufacturing plant in Scottsburg, state economic development officials
said Wednesday, touting the nearly 135 jobs expected over the next two years.
Cummins cuts CEO’s pay by nearly one-quarter
Columbus-based engine maker Cummins trimmed Solso’s total compensation by $2.3 million last year; remainder of management
team took
similar pay cuts.
BMW, Carbon Motors ink $1.35B supply contract
BMW has won a contract from Indiana-based Carbon Motors Corp. worth more than $1.35 billion to supply engines for U.S. police
cars.
Sales slowdown prompts biz model change at Weblink
Software maker took abrupt turn into advertising for its customers when recession threatened.
Conexus says infrastructure important to Great Lakes and Ohio River commerce is at risk
Many of the locks controlling the key passageways date back 80 years and are failing.
Sales slowdown prompts biz model change at Weblink
Software maker took abrupt turn into advertising for its customers when recession threatened.
Trailer company buying closed northern Indiana factory
Executives of Novae Corp. announced plans for the company’s expansion in North Manchester, where it expects to employ perhaps
85 people by 2013.
Indiana food manufacturers ramp up safety precautions
The peanut-borne salmonella outbreak of 2009 raised awareness about the risk of illness from unlikely sources. Unfortunately,
that wasn’t the last time a seemingly innocuous ingredient made people sick, and prompted recalls.
Visteon judge won’t halt benefits termination
An attorney for a union representing some 2,100 people who worked at two Visteon plants in Indiana argued Tuesday that many
are facing hardship, and that the order should be stayed pending an appeal to a federal district court judge.
Cummins expects profit to grow 10 percent a year
Columbus-based Cummins Inc., North America’s largest maker of heavy-duty diesel truck engines, expects pretax profit
to increase 10 percent a year and sales to grow 13 percent annually over the next five years.
Web site developer Imavex gets new CEO
A former executive of Indianapolis-based engineering firm The Schneider Corp. has been named CEO of Imavex LLC, a Noblesville-based
Web site developer and Internet marketing consultant.
$18.9M Navy contract boosts Raytheon’s local facility
Raytheon Technical Services Co. LLC will make guided missile launchers for the U.S. Navy at its Indianapolis avionics development
center, the Department of Defense announced Monday.
BlueLock plans $35.6 million investment, 118 new jobs
Indianapolis-based tech firm BlueLock LLC is poised to continue its growth spurt, planning a $35.6 million investment at its
north-side facility that could create 118 jobs. City planners have recommended approval of a 10-year tax abatement.
What universities can learn from a steel mill
Steel Dynamics is highly competitive partly because employees are compensated on how much money they save. Should Purdue and
other universities take notice?
ALTOM: Who knew YouTube had potential as a free university?
As much as I love and happily use technology, I come from a different age and time when, as they say, life was simpler. I
have students who are aghast that I’d rather use a folded paper map to get around town than a GPS and Google Maps in
a smart phone.
Hurco suffers loss as sales plummet
The Indianapolis-based manufacturer’s quarterly revenue fell to $20.6 million, a 27-percent drop from the same period the
year before.