Indiana’s manufacturing industry losing steam, survey says
Respondents from a wide range of sectors across the state say their expected growth rates for revenue, profit and capital investment are lower than in recent years.
Manufacturing
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Vertellus workers qualify for federal layoff assistance
The U.S. Department of Labor says Vertellus employees affected by a pending plant layoff can apply for Trade Adjustment Assistance.
Oesterle joins board of utility-tech startup MeterGenius
The former CEO of Angie’s List Inc. has accepted an invitation to sit on the board of a startup launched by a former Angie’s List employee.
Rolls-Royce’s $400M modernization is massive juggling act
With Project Condor, the manufacturer will update its Tibbs Avenue and Raymond Street plants while continuing uninterrupted production of high-precision engines for military aircraft.
Office furniture maker ending Indiana operations; 365 to lose jobs
Paoli Inc. will begin shutting down its corporate campus in Orleans in phases beginning in January and permanently close by the end of next October, the company said. The furniture maker got its start in 1926.
Software-as-a-service firm Zylo lands $3.3M in funding
Zylo, launched by Indianapolis-based High Alpha Studio earlier this year, received funding from three well-known names in the local tech community.
Social analytics firm Geofeedia hit by data crackdown
The Chicago-based tech firm, which has pledged to hire hundreds of employees in Indianapolis by 2020, suddenly is facing a game-changing threat to its business.
Interactive investor files class-action suit against $1.4B sale
In a federal lawsuit, a Maryland-based shareholder claims the $60.50 per-share offer for Interactive Intelligence by Genesys Telecommunications Laboratories undervalued the local software firm.
T2 Systems co-founder to take it easy following 22-year run
Mike Simmons, who has stepped down as CEO of the parking-management-software firm, now plans to focus on board work, angel investing and a few of his hobbies.
Bankruptcy court clears way for Magnetation shutdown
A bankruptcy court has cleared the way for Magnetation LLC to shut down its remaining operations, including a plant in Indiana that had about 165 workers six weeks ago.
UPDATE: Salesforce plotting real estate changes
The company's lease in the Gauranty Building, 20 S. Meridian St., will expire in the first quarter of next year, while a lease for the Century Building, 36 S. Pennsylvania St., runs until 2021. "Salesforce has no plans to vacate the Century office at this time," a spokesperson said.
Indiana Biosciences Research Institute picks chief scientific officer
Rainer Fischer most recently served as senior executive director of the Fraunhofer Institute for Molecular Biology and Applied Ecology in Germany. The institute is part of the largest applied science research organization in Europe.
Deadline looms for mandatory 10-digit dialing in 317 area code
People trying to complete a local phone call with seven digits on or after Oct. 15 will hear a recording prompting them to retry the call with the 317 area code included.
Carrier workers eligible to receive federal assistance
Workers who are losing their jobs because of Carrier Corp.’s decision to move manufacturing operations from Indianapolis to Mexico are eligible to receive federal assistance, the U.S. Department of Labor said Thursday.
Report: Salesforce among firms in acquisition talks with Twitter
Speculation that Twitter is ripe for a sale has been swirling for months as the company has failed to lure new users.
The Interview Issue: Reginald McGregor
At Rolls-Royce, Reginald McGregor is tasked with finding kids who have a fascination with how things work, then molding them into future engineers who will help the company grow.
The Interview Issue: Robert Whitt
Four months ago, Robert Whitt left his position as executive director of White River State Park to become president and co-owner of Sun King Brewing Co.—a move he made despite having no experience in the industry. But he says Sun King is a “very special place” and he just couldn’t resist making the move.
Rolls-Royce shakes up top management amid ongoing restructuring
The London-based company, which has 4,000 employees in Indianapolis, has cut divisions and eliminated more than 600 senior and middle-management positions over the past year. It just hired a new chief financial officer.
City secures federal grant to help Carrier workers
The city of Indianapolis has received a $355,000 federal grant to help support about 1,400 workers displaced by Carrier Corp. The grant will be used to hire a “recovery coordinator.”
Merger dance between Interactive Intelligence, suitor started in 2012
The Indianapolis-based software firm fielded escalating offers over the years until a last-second reduction in bid price from buyer Genesys Telecommunications Laboratories Inc., according to a new public filing.