City to face another hard-to-fill shuttered factory
The only memories of thousands of long-gone manufacturing jobs are the giant, vacant factories left behind when companies bolt—after consolidation, restructuring or in search of cheaper labor.
Manufacturing
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Battered and bruised, Indy-based oil refiner soldiers on
Calumet's stock price has fallen so far that the annual dividend yield is a whopping 28 percent—one of the highest in the country.
Security-products firm Allegion plans to add 158 workers
The company plans to spend more than $13 million on the expansion, with most of the new jobs going to a factory on the east side of Indianapolis.
Analysts: Activists may turn up heat after Angie’s earnings miss
Angie’s List made history Tuesday by notching its first profitable year, but the company’s shares tumbled more than 10 percent after it reported underwhelming revenue growth.
Noblesville High School student creates app for hall passes
Pass Whiz, the app created by 17-year-old Zack Baker, allows students to request a pass to leave the classroom which teachers can approve or deny by tapping a button.
Angie’s List reports first profitable year in company history
The 21-year-old Indianapolis-based home-services reviews and marketplace firm announced a 2015 profit of $10.2 million, up from a loss of $12 million in 2014.
Carrier plant closing shows vagaries of modern manufacturing
The Indianapolis HVAC plant had taken numerous steps to improve efficiency, but they weren't enough to overcome the labor savings that go with shifting the work to Mexico.
Indy angel group gets aggressive with school startups
Indianapolis-based Vision Tech Angels has always invested in startups born at universities, by way of invitation. Now it’s flipping the script and seeking them out.
Calumet shares hit 6-year low after big quarterly loss
Shares in Calumet Specialty Products Partners closed at $12.30 each Wednesday, down 12.6 percent on the day and 38 percent since the beginning of the year.
Elected officials urge Carrier, UTEC to rethink Mexico move
The officials say the company should meet with them and come up with a “pragmatic” solution.
U.S. factory output rises by most in six months
U.S. factories cranked out more autos, furniture and food last month, boosting production by the most since July.
Union says no progress in reversing factory closing decision
A union leader said he'll try to put outside pressure on a company to reverse its decision to shut down a 1,400-worker factory in Indianapolis and move production to Mexico.
New program targets cybercrimes against Indiana youth
State police say the program is necessary due to instances of sexual predators targeting young people online, as well as cyberbullying and radicalization by terrorists.
Trump to Carrier: Stay where you are or build in the U.S.
Trump, a frequent critic of trade deals, twice referred to Carrier as he discussed trade and jobs at a Republican presidential debate Saturday night in South Carolina.
Officials point fingers on Carrier, UTEC layoffs
Are federal regulations to blame? Gov. Mike Pence says yes. Sen. Joe Donnelly says no. And in a now-viral video, a Carrier official tells employees the move to Mexico makes it cheaper to produce its products.
State wants cash back from Carrier, UTEC as jobs flee to Mexico
Indiana economic development officials say they will seek to recapture some of the $530,000 in incentives taxpayers have given United Technologies Corp. and its subsidiary Carrier Corp., which combined will lay off 2,100 people in Indiana and send the jobs south of the border.
In-car data poised to rewrite rules of auto insurance
Two dozen auto insurers in Indiana already have launched at least small-scale usage-based insurance programs, according to the Indiana Department of Insurance.
Angie’s List fate hazy if HomeAdvisor merger occurs
Angie’s List Inc. and rival HomeAdvisor both connect consumers and service providers, but their business models are very different. That adds a complicating wrinkle as speculation intensifies that HomeAdvisor’s parent will take another run at acquiring Angie’s List.
Congress moves near final OK of local Internet tax ban
State and local governments would be permanently barred from taxing access to the Internet under a bipartisan compromise the Senate began pushing on Thursday toward congressional approval.
Mayor launches task force to assist Carrier workers
The task force will focus immediately on identifying existing resources for workers and developing a “tool kit” to ensure those workers know about their options.