Cummins lowers guidance after profit, sales slip in 2nd quarter
Cummins Inc. was able to top analyst expectations with its second-quarter performance despite a slowdown in sales and profit.
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Brown avoids sale talk as Interactive tops estimates
With shares riding a two-year high and quarterly earnings beating estimates, Interactive Intelligence CEO Don Brown joshed around with analysts a bit Monday about acquisition rumors.
Salesforce poised to receive city tax break on tower expansion
Salesforce would save about $3 million on the tax exemption, if the City-County Council designates a downtown office tower as a high-tech. The tax break would come on top of major incentives deal already promised by the state.
New venture firm Charmides off to blazing start
Charmides, one of the area’s newest venture capital funds—was launched in June 2015 by a 27-year-old basketball player from Carmel and his father.
Allison Transmission profit rises on lower revenue
Allison Transmission posted revenue of $474.9 million in the period, down from $511 million last year.
Carrier, union agree to severance deal for 1,400 workers
Carrier Corp. and United Steelworkers Local 1999 have agreed on a severance package for 1,400 employees who will be displaced when the company moves operations from Indianapolis to Mexico.
$15 billion Volkswagen emissions deal clears first hurdle
A nearly $15 billion settlement over Volkswagen's emissions cheating scandal cleared a key hurdle Tuesday, with a federal judge giving preliminary approval to the deal that includes an option for owners to have the carmaker buy back their vehicles.
Carmel software firm lands $1.5M in VC from big names
Founded in early 2015, Bolstra pivoted to selling software this spring and then secured equity capital from Bill Godfrey’s 4G Ventures, among others
High Alpha upstart aims to streamline legal legwork
The new legal software firm is called Doxly Inc., and it’s led by a 36-year-old DePauw grad. With a few paying customers already in hand, it’s the third company to germinate at High Alpha.
Mobi Wireless considers 500-employee expansion at Zionsville HQ
Mobi Wireless Management LLC, which sells cloud-based software that helps companies manage mobile devices, currently has about 310 employees at 6100 W. 96th St. in Northwest Tech Park.
Anxiety-free electric car journeys goal of $4.5B U.S. loan program
The Obama administration plans to spend as much as $4.5 billion to build electric-car charging stations, creating a network stretching coast-to-coast to potentially improve consumer acceptance of the lower-polluting vehicles.
Zionsville entrepreneur launches app to help event planners coordinate safety
Jim Martin wants all event organizers and venue managers to throw out their folders stuffed with emergency instructions and upload all of that information to their phones.
Kimball acquires family of Indy manufacturers for $11.8M
Jasper-based Kimball Electronics has taken on 165 employees after buying a firm and its subsidiary in separate deals.
Aprimo getting new life under new ownership, old name
The private equity firm that in April bought the business unit formerly known as Aprimo has combined it with another company and is restoring its name. It'll be based in Chicago and employ 200 people in Indy.
Bluebridge raises $3 million in VC, launches subsidiary
The Fishers-based company has pulled more venture capital from existing and new investors, part of which will fuel the growth of a new employee-engagement company.
Sun King beer makes statewide move to grocers’ shelves
With $2 million in improvements to its Indianapolis brewery, Sun King now plans to distribute its Sunlight Cream Ale and Wee Mac Scottish Ale to grocery and convenience stores across Indiana.
Angie’s List hopes new business model spurs surge in traffic
The goal is to boost user traffic—which has been growing slowly lately—in order to spur service-provider spending, which drives 80 percent of Angie’s List revenue.
Council to form task force to study easing taxi regulations
Local cab drivers have complained that current rules put them at a disadvantage when trying to compete with ride-sharing services Uber and Lyft.
Court ruling opens GM to billions in death, injury claims
A federal appeals court ruling that General Motors can't use its 2009 bankruptcy to fend off lawsuits over faulty and dangerous ignition switches exposes the automaker to billions in additional liabilities, according to legal experts.
Manufacturer plans $97M expansion, 150 jobs in Shelbyville
Ryobi Die Casting USA said it plans to grow its operations with the acquisition of a 350,000-square-foot building. The company already has 860 employees in Shelbyville.