BWI Group—also known as BeijingWest Industries Co.—said the layoffs are necessary because Gov. Eric Holcomb ordered all non-essential businesses closed and because the Ford plants it supplies have shut down their production lines.
The Commerce Department said Wednesday durable goods orders rose 1.2% last month, rebounding from January when orders had shown a tiny 0.1% gain.
General Motors—which hopes to make ventilators in Kokomo—and Ford Motor Co. are among automakers that are throwing their design and production prowess behind two other manufacturers’ efforts to build more ventilators and respirators for health care workers and first responders.
In a snapshot of the state’s workforce from January, private employment grew in the transportation, hospitality, education and health sectors while declining in manufacturing.
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The study looked at the common artificial sweetener used in Splenda, which is owned and made by Carmel-based Heartland Food Products Group.
Since breaking out of China, the coronavirus has had a chilling effect on companies related to manufacturing, travel and tourism, which then hampers other industries and weakens consumer confidence.
Calumet CEO Tim Go, who has spearheaded turnaround efforts at the Indianapolis-based oil refiner and maker of specialty petroleum products, will leave his post at the end of May.
The long-term employee was sentenced to 27 months in prison after she admitted to stealing from the Indianapolis-based company, which makes the famous Bar Keepers Friend line of cleaning products.
Orders to U.S. factories for big-ticket manufactured goods were pulled down by decreased demand for cars, auto parts and military aircraft, but the category that tracks business investment rose significantly.
Longtime local candy company The Best Chocolate in Town has been acquired by Indianapolis-based Newfangled Confections, which is known for it popular signature Frittle candy.
Goods affected by the latest reduction include industrial components and medical and factory equipment.
Indianapolis-based Allison Transmission Holdings Inc. on Wednesday reported lower fourth quarter revenue and earnings than a year ago, but the results beat Wall Street predictions.
Local officials have orders from the ruling Communist Party to get businesses functioning again while still enforcing anti-disease curbs that have shut down much of the world’s second-largest economy.
A United Auto Workers union member said the threat of parts shortages at GM facilities is growing, but the automaker doesn’t expect to have to pause production at plants in Indiana, Michigan and Texas, according to spokesman.
The planned closing of the 102-year-old factory in the southwestern corner of downtown likely will throw into play a nearly 18-acre site that real estate experts say would be attractive for myriad uses.
The new agreement isn’t vastly different from NAFTA, observers say, but does contain new provisions automakers will be paying attention to—even if the impact of these provisions isn’t yet entirely clear.
Hemp-processing companies are investing millions of dollars into refineries across Hamilton County to close a gap in the state’s CBD supply chain.
A Carmel-based company is suing the Jelly Belly Candy Co. because it says the jelly bean maker’s packaging is too similar to its own and could cause customer confusion.
