City tries to claw back $380,675 from exiting Rexnord Corp.
As the manufacturer prepares to move its Indianapolis operations to Mexico, city officials are demanding a refund in tax incentives received by the firm.
Manufacturing
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Subaru taking risk with introduction of new super-sized model
Subaru, a tiny, conservative Japanese brand that builds its automobiles in Indiana, is about to roll out a big, brash, American-style SUV. It’s a strategic risk for a company that has gotten in trouble before when its strays from its script.
Lilly CEO: Find overlap between corporate mission, philanthropy
John Lechleiter told local leaders Friday morning that while community engagement might not immediately impact the bottom line, it can be beneficial to a company’s ongoing mission.
Local exporters wary of Trump policies
Hoosier businesses hope negative campaign talk about nation’s trade deals won’t restrict free flow of Indiana goods outside U.S. borders.
Hair products maker Kenra leaving after 88 years in Indy
Kenra Professional LLC, a hair products company founded in Indianapolis in 1929, will be leaving the city for the Los Angeles area in mid-2017, the company disclosed this week.
Indy outpost fuels big growth for Silicon Valley firm
Prysm Inc.’s quest for software to complement its hardware ultimately led it to buy Anacore Inc., a Carmel-based custom-software developer, in May 2014. That acquisition has fueled its success since.
Indy-based 3R acquired by Ohio home products firm
3R Products & Services LLC, which has 30 employees, joins a publicly traded behemoth with an aggressive strategy of growth by acquisition.
Dirty linen: Bed sheets scandal roils major U.S. retailers
A team of investigators spent the summer trying to answer what should have been a simple question: What were hundreds of thousands of sheets sold by big retailers like Target and Walmart actually made of?
Rexnord definitely moving Indy operations to Mexico, union says
Rexnord Corp. plans to proceed with the closure of its Indianapolis bearings plant, according to the union that represents most of the plant’s approximately 350 employees.
Lawsuit accuses Chrysler, Cummins of VW-like cheating on Dodge trucks
Chrysler and its diesel technology partner Cummins Inc. are accused of fraud, false advertising and racketeering in the complaint, filed Monday in Detroit federal court on behalf of the owners of almost 500,000 Dodge Ram model trucks.
Amazon invades Angie’s List home turf with contractor services
Internet giant Amazon announced Monday that it’s expanding its home services offerings to 20 new markets including Indianapolis, intensifying the competitive landscape for locally based Angie’s List.
Toyota to pay up to $3.4 billion to settle U.S. truck lawsuit
Toyota will pay up to settle a class action lawsuit brought by U.S. pickup truck and SUV owners whose vehicles lacked adequate rust protection. Two of the models were made in Indiana.
Westfield Steel to acquire Ohio-based Remington Steel
Westfield Steel says the acquisition will allow it to expand both its capabilities and its customer base.
Perq raises $1.7 million in first venture capital haul
The 15-year-old marketing-technology plans to use the cash to pour sales and marketing resources into a fast-selling software product it created last year.
Worker dies in apparent accident at Indianapolis recycling plant
Police were told that the man was apparently trying to unclog a recycling machine when it turned on while he was inside.
GM laying off over 2,000 at 2 Midwest car plants
General Motors also announced that it would invest more than $900 million in three plants to prepare for undisclosed new vehicles, including a plant in Indiana that has about 870 employees.
Packaging entrepreneur, 84, to sell family firm for $100M
Bob Haddad started the box company in 1975. It since has branched out to a wide variety of products and several location in Indiana and Illinois with 300 employees total.
China approves law to tighten control on internet usage
China’s legislature approved a cybersecurity law Monday that human rights activists warn will tighten political controls and foreign companies say might hamper access to Chinese technology markets.
Madison County’s computers frozen by ransomware attack
A so-called ransomware attack has left police, fire and other government staff in a central Indiana county locked out of their computers.
Indy-based produce distributor Caito Foods selling for $217M
Michigan-based SpartanNash said part of the allure of Caito was its newly built, $32 million "Fresh Kitchen" in Indianapolis, which will process, cook and package fresh protein-based foods and complete meals.