Assertive analyst takes Klipsch owner to woodshed
The stock market value for Voxx today is just $118 million—far less than it paid just for Klipsch, one of a long list of acquisitions it made dating back a decade.
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Fund aims to ‘elevate’ tech commercialization statewide
With a new leader at the helm, Elevate Ventures has plotted a course for 2016 that includes forging more partnerships with universities and communities to help entrepreneurs commercialize intellectual property.
Indiana University gets $5M to lead cybersecurity center
IU's Center for Trustworthy Scientific Cyberinfrastructure will help solve the computer and software security challenges facing the National Science Foundation.
U.S. industrial production declined again in December
American industry is struggling even as the overall economy appears solid. In December, utilities reduced output amid unusually warm weather and energy firms cut back in the face of falling oil prices.
Carmel-based Stratice aims to be Amazon of health care
Carmel-based Stratice Healthcare LLC wants to take the concept of electronic prescribing for drugs and extend it to most of the rest of the health care system.
Honda to move CR-V production to Indiana assembly plant
Honda Manufacturing of Indiana announced the SUV will join the Civic sedan in being assembled at the Greensburg plant. Honda said the move coincides with ending production of the CR-V in Guadalajara, Mexico.
Hurco posts profitable quarter, year despite currency woes
The Indianapolis-based company, which makes computerized machine tools for the metal-cutting industry, said Friday morning that it would have had a record-setting year if it hadn’t been for the negative impact of currency translation.
Alcoa to close Indiana smelter, cut 600 workers
Alcoa Inc. said it will permanently close its Warrick Operations smelter, one of the largest aluminum smelting facilities in the world.
84 Lumber to add manufacturing facility, 100 jobs in Franklin
The building materials supplier plans to invest $5.59 million to purchase, renovate and equip the former Trussway facility at 1850 North Graham Road.
U.S. manufacturing slows at fastest pace in six years
Struggling overseas demand and declines in commodity prices that are hurting investment in energy and agriculture continue to limit orders for American manufacturers.
Hillenbrand buying valve-maker for $132M
Batesville-based Hillenbrand's purchase will bulk up its Process Equipment Division, which generates about $1 billion of the company's $1.6 billion in revenue.
Renewable-energy firm to invest $180M in new facility
The operation, which is expected to employ 136 in Steuben County by 2019, will convert scrap plastic into ultra-low sulfur diesel and gasoline blendstocks.
Duke Energy battles to fend off cyberattacks
The country’s largest electricity company is on alert for attacks that aim to hamper the critical flow of power and is listening to U.S. intelligence agencies about potential threats.
UPDATED: University Loft reaps $3.5M from unfair-competition claims
The Greenfield-based furniture maker blew the whistle on a Dallas-based rival that failed to pay duties on furniture imported from China, the Justice Department said.
State gets federal grant to plan for impact of defense cuts
The $2.7 million grant will help pay for a study to analyze which manufacturers, cities and towns will be most affected by the cuts.
Dow’s merger plans with DuPont might hit antitrust roadblock
The proposed merger of Dow Chemical Co. and DuPont Co. would create the world’s largest agricultural-products company. But that’s bad news for farmers, according to some farm groups and antitrust experts.
U.S. industrial production registers worst month since 2012
U.S. industrial output fell for the third straight month in November, another sign that American manufacturers are under stress.
Software firm expanding SoBro headquarters
TCC Software Solutions bought a property on East 52nd Street in 2012 and began occupying one of the buildings in early 2014. Now the company plans to renovate another structure at the site to accommodate its growth.
Startup for therapeutic gear raises $3M on way to market
Fishers-based Recovery Force LLC, which develops high-tech compression wearables for medical patients, athletes and military members, is working toward FDA approval.
Dow Chemical, DuPont said to be in late-stage merger talks
The transaction would combine two of the most storied names in U.S. industry and create the world’s second-biggest chemical company. What it means for Indianapolis-based Dow Agro is uncertain.