ExactTarget reports record annual results
Locally based e-mail marketing firm opens London office, adds big-name clients and secures $145 million in venture capital.
Manufacturing
Articles
Production resumes at Indiana Toyota plant
After a week-long shutdown for the company to repair defective gas pedals, the factory near Princeton was back to “business
as usual” when its lines restarted on Monday.
Shareholders in bankrupt Accuride pursuing loan
Accuride shareholders are trying to arrange a $400 million loan to fund the Evansville company’s exit from bankruptcy.
Calumet Specialty investigating cause of Louisiana explosion
Indianapolis-based Calumet Specialty Products Partners LP is investigating the cause of a Friday blast at its refinery in
Shreveport, La., that damaged some nearby properties.
Super bummer: Indy plant churns out Saints T-shirts
The Colts’ Super Bowl loss saddened employees at a local plant that makes NFL gear, but the Saints’
win will give the bottom line a bigger boost.
Connersville eager for Carbon Motors to rev up
The jobs can’t come soon enough for Connersville, where unemployment is at 13.8 percent.
Toyota to announce Prius action plan soon
Toyota said Sunday it will soon announce a plan for dealing with braking problems in its Prius hybrid amid reports that the
world’s largest automaker plans to issue a recall for the latest model of the vehicle in Japan.
Shelbyville tech park keeps tax incentives
State officials are giving Shelbyville’s struggling Intelliplex business park another chance to use tax incentives to land
new companies
and high-paying jobs.
Underrated entrepreneurs
The Indianapolis area is home to myriad unsung entrepreneurs who run interesting companies, make money and create good jobs.
Here are some of them.
Scale Computing succeeds quickly after co-founder moves it to Indiana
Not even a year has passed since Scale Computing launched its first product, yet CEO Jeff Ready forecasts 2010 revenue
with the confidence of a meteorologist giving the three-day outlook.
Demand for smart-phone applications spawns opportunities
Smart-phone fever is heating up the climate for innovation in the local tech community, as firms new and old try to cash
in on the demand for applications that can be used on the iPhone, BlackBerry and other gadgets from the likes of Palm and
Google.
Sigma Micro becomes Fifth Gear LLC
The name change reflects the completion of the company’s integration with Missouri-based Stark
Brothers Fulfillment, which Sigma Holdings acquired in 2007.
Brightpoint profit up despite declining revenue
Wireless device distributor Brightpoint Inc. saw revenue decline in the fourth quarter, but the Indianapolis-based company
still managed to bounce back from $346 million year-ago loss with an $18.3 million quarterly profit.
U.S. car sales: Toyota tanks, others take flight
Beyond the expected plunge for troubled Toyota, U.S. car sales sailed along nicely in January, including a 24 percent surge
for Ford and 14 percent gain for GM.
Indy without Lilly, the 500?
An Indiana University prof thinks Indianapolis should anticipate a future without Indianapolis Motor Speedway, and a potentially
reduced Eli Lilly and Co.
New emissions standards drive up Cummins profit
Columbus-based diesel engine maker Cummins Inc. posted its most profitable fourth quarter in company history, thanks to a
rush on engines that won’t have to conform to new emission standards.
Enzon Pharmaceuticals sells Indy drug plant; 100 local jobs safe
New Jersey-based Enzon Pharmaceuticals Inc. has sold its Indianapolis plant that manufactures specialty drugs in a deal that
could top $300 million. The buyer says that the operations, which employ about 100, will remain in the city.
Toyota: Parts on way to fix faulty gas pedals
Toyota Motor Corp. is telling dealers that they should get parts to fix sticky gas pedals later this week. But the 4.2 million
customers affected by a large recall may have to wait a while for repairs.
Haynes pays CEO almost twice as much as predecessor
CEO Mark Comerford’s $1.46 million in total compensation in fiscal 2009 was nearly double Francis Petro’s pay the previous
year—even though the company’s revenue dropped 31 percent in the same period.
Analyst: Recalled Toyotas likely won’t face long-term resale hit
Recalled Toyotas have been yanked from used-vehicle auction blocks, but resale values should be protected if Toyota handles
the
recall with “transparency,” according to a local analyst.