Price of scrap metals surge upward
After plummeting along with the rest of the economy, the price of scrap metals is surging upward.
Manufacturing
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Hillenbrand closes $435M K-Tron International purchase
K-Tron will become a unit of the Batesville company. K-Tron shareholders received about $150 per share in cash for their common
stock in the deal, which was announced in January.
Impact Racing reaches agreement over safety labels
Bill Simpson’s Impact Racing LLC reached an agreement Thursday with an industry-certification group that will allow the company
to continue selling race car safety gear made this year and last.
Interactive Intelligence taps college to connect with BlackBerry
Shortly after Interactive Intelligence Inc. decided two years ago to push beyond its roots in call centers and pitch its
communications software to more insurance agents and money managers, the company ran up against a tricky hurdle: the BlackBerry.
Raytheon lands key Navy contract
Raytheon Technical Services Co. LLC in Indianapolis will develop a new bomb rack for U.S. Navy airplanes under a recently awarded $32.4 million contract.
Box maker halting production, putting 97 out of work
Austin, Texas-based Temple-Inland Inc. has notified state officials that will stop producing boxes at its Evansville facility
on May 28.
Heartland RV to expand, add 265 new jobs in Elkhart
A northern Indiana recreational vehicle manufacturer is expanding its Elkhart operations and plans to hire up to 265 new workers
by 2013.
Edy’s ice cream plant to expand its work force
Edy's Grand Ice Cream expects to fill 120 full-time production positions — paying about $13 an hour — at its
Fort Wayne plant in the next three months because of demand for its popular Nestle Drumsticks.
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.
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.