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.
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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.
Report: Indy ranks fifth in tech-job growth
The report from the real estate tracking firm CBRE said the tech labor pool in the metropolitan area expanded by 27.9 percent, or 5,423 jobs, between 2013 and 2015, accounting for just over one-third of new office jobs.
Ad agency execs create app for sharing items
Brian Phillips and Jacob Leffler, who co-founded digital advertising agency The Basement in 2007, launched an iPhone app last month that allows people to borrow and lend items that spend more time in storage than in usage.
Connected-devices industry grapples with security
Some in Central Indiana’s emerging IoT hardware and software cluster are endeavoring to develop standards and best practices for the fledgling sector.
Low fuel prices tank Allison’s hybrid-transmission line
Allison’s hybrid bus transmission sales have tanked, and the company says it’s postponing production of hybrid truck transmissions until market conditions improve.
Workforce-related tech firms plan 284 Indiana jobs
Hendricks County-based Safe Hiring Solutions LLC and sister company Safe Recruiter Solutions on Thursday announced plans to expand operations in Indiana.
Fiery Tesla crash downtown kills two people, including tech exec
The Marion County Coroner identified the car’s passenger as Kevin McCarthy, a member of IBJ’s Forty Under 40 Class of 2008 and CEO of Express Software and Services.
UPDATE: Layoffs begin at Angie’s List as firm seeks suitors
The job cuts that Angie’s List officials alluded to on Tuesday are already under way at its Indianapolis operations, sources inside the company told IBJ on Thursday. The layoffs could run in the hundreds, they said.
Calumet Specialty posts fifth straight quarterly loss
The Indianapolis-based fuel-products company posted a loss of $33.4 million in the third quarter, marking an improvement over its previous four quarters.
Cabinet company investing $5M in new downtown design studio, plans to hire 200
CliqStudios, the nation’s largest online retailer of semi-custom kitchens, said the studio will employ designers who will work with homeowners nationwide to plan and design construction or remodeling projects.
Angie’s List CEO says timing right to consider suitors
CEO Scott Durchslag said Tuesday the company wants to be proactive instead of reactive when it comes to courting suitors, a stark shift from his tone about the matter last year. Also, the company is gearing up to slash jobs in a cost-cutting effort.
Cummins shares slip on lower revenue, earnings
The Indiana-based engine maker said sales were hurt by a slowdown in North American truck production and by weak international demand for power-generation equipment.
Cummins CEO: Companies need to stand up for free trade, TPP
Tom Linebarger points to the company’s Seymour plant where 800 employees produce high-speed diesel engines—70 percent of which are exported globally—as a key reason he believes free trade is good for the Hoosier worker.
Emarsys North America parent lands $22.3M investment
This financing will be used to “fuel innovation in artificial intelligence and data science, and accelerate growth at Emarsys,” the company said.
RCA firm grows with LED popularity
For decades, the RCA brand has been associated with televisions and other consumer electronics. But it’s LED lighting that’s helping fuel growth for Indianapolis-based RCA Commercial Electronics.
‘Gig’ economy heats up in Indy
A swelling throng of Indianapolis workers is part of the so-called “gig-economy,” which denotes the matchmaking between independent contractors and consumers over technology platforms.
Angie’s List board departures followed push by activist
A Washington, D.C.-based investor who had wanted two longtime board members of Angie's List Inc. to quit got his wish in early October.