Indiana-based Vera Bradley says China tariffs will derail its recovery
Purse maker Vera Bradley has been moving production out of China, but says about 21 percent of the company’s products can’t viably be sourced elsewhere.
Manufacturing
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U.S. factories continue to report solid growth
The Institute for Supply Management said U.S. factories grew at a faster pace in August as American industry continued to show robust health.
U.S.-China trade talks end with no breakthrough
U.S. and Chinese negotiators ended two days of meetings Thursday without breaking a deadlock over trade that has unnerved financial markets and disrupted global commerce.
Mike Braun’s ties to outsourcing magnified politically under Trump
Donald Trump's election in 2016 shifted the political dynamic for Republican business people like Mike Braun seeking public office.
West Fork Whiskey plans to increase distribution to Midwest
The Indianapolis-based craft distillery plans to expand distribution to states outside of Indiana by boosting production and storage capacity.
Calumet Specialty’s new CEO giving it second lease on life
Calumet shares now trade around $6.65, nearly double their October 2016 low but way down from October 2015, when they fetched around $27.
After 10 years, Greensburg’s Honda plant has had broad but sometimes subtle impact
The plant employs 2,500 people—plus another 500 in a pool of temporary production workers whose numbers fluctuate depending on the company’s needs—and pays millions in taxes annually to state and local government.
Trump orders doubling of steel, aluminum tariffs for Turkey
The clash between the NATO allies reverberated across global markets Friday as an economic crisis in Turkey threatened to spread. The S&P 500 Index erased its gain for the week.
Braun owns auto-parts brand that sells foreign parts
Senate candidate Mike Braun has downplayed his company’s use of foreign-made goods, but his parts brand, Promaxx Automotive, includes products that were manufactured abroad, according to a review by The Associated Press.
These are boom times for Cummins, but will they last?
A BMO Capital Markets analyst forecasts the engine manufacturer iwill see 16.9 percent revenue growth this year and 5.8 percent growth in 2019 before seeing a 2.9 percent decline in 2020.
Testing finds flaws with car electronic safety systems
Cars and trucks with electronic driver assist systems may not see stopped vehicles and could even steer you into a crash if you’re not paying attention, an insurance industry group warns.
Cummins rakes in record revenue, exceeds Wall Street expectations
The Columbus-based engine manufacturer posted revenue of $6.13 billion in the second quarter, up 21 percent from the same period of 2017.
Allison Transmission beats forecasts with record quarterly revenue
The Indianapolis-based manufacturer of automatic transmissions saw sales growth in all of its market segments.
U.S. firms seeking tariff waivers accuse steel makers of false information
Companies seeking waivers fear the Commerce Department will be swayed by opposition from U.S. Steel, Nucor and other domestic steel suppliers.
After manufacturing for others, Foamcraft rolls out own mattress line
The prosperous family-run company is hoping for ieven greater success with its newer, direct-to-consumer line, including its latest product: custom-made mattresses.
Frito-Lay plans $159M snack-food expansion in Indiana
The nation’s largest snack food company is adding two production lines and about 50 employees to its already-sizable operations about 45 miles northwest of Indianapolis.
Subaru seeing big demand for new super-sized SUV model
The Indiana-made sport-utility vehicle—which has 19 cupholders—has proven to be Subaru’s biggest product launch in more than two decades.
Purdue to lead innovation hub focused on autonomous vehicles
Much of the research at the hub—located at Purdue’s Research Park—will be done in partnership with government agencies, including the Indiana Department of Transportation, and private-sector companies.
Q&A: Allegion Ventures president focuses on fostering innovation
Rob Martens oversees a new $50 million venture capital fund, investing in early-stage companies focused on innovative technologies and products in the security field.
Local distillery raises $2M, beefs up exec team for expansion plan
Hotel Tango Artisan Distillery said the investment funds will be used for a multistate distribution expansion and strategic brand-marketing support.