Startup seeks $2M to help employers fill low-skill jobs
The Indianapolis tech firm founded by Internet job-board veterans is focusing on the proximity of job candidates to the workplace for high-turnover positions.
Manufacturing
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General Electric calls off $3.3 billion sale to Electrolux
General Electric Co. has scrapped a $3.3 billion plan to sell its home appliance business to the Swedish company Electrolux, a deal opposed by U.S. regulators.
Return Path among outside tech firms bullish on Indy
Out-of-town technology companies are putting down roots here and growing fast. They’re looking to tap into relatively fresh talent pools and to capitalize on what cities like Indianapolis don’t have—a high cost of doing business and intense employee poaching.
Firms start early trying to entice science-oriented students
Dozens of companies across central Indiana are using programs aimed at middle- and high-school students to develop a pool of talented kids who are interested in science, technology, engineering and math to fill the growing number of jobs for which such skills are necessary.
Indy case maker with 113-year history acquired
A local holding company that specializes in manufacturing firms has purchased C.H. Ellis Co., an Indianapolis-based maker of custom cases that has been in business since 1902.
U.S. factory activity shows first monthly decline in three years
U.S. manufacturers have hit a rut in 2015. A global economic slowdown and a rising dollar have crimped exports, while lower oil prices have led energy firms to slash their orders.
Indiana-dominated RV-manufacturing industry completes turnaround
Recreational vehicle shipments from manufacturers to dealers are expected to increase 3.5 percent to 369,100 units this year. That's up from 353,400 units in 2007, the last year before sales tanked along with the economy.
Black Friday store sales fall as Americans buy more online
A big reason for the declines is increased online shopping, as Americans hunt down deals on their smartphones, tablets and computers.
Orr Fellowship’s first paid employee enhancing program
The organization earlier this year tapped Indiana native Karyn Smitson as its first employee and executive director, and she’s been working to formalize and enhance the high-demand program.
Purdue engineers recommend STEM gift ideas for kids
A team of Purdue University engineers this week released its second annual Engineering Gift Guide of toys designed to inspire creativity in children and teach them problem-solving skills.
Target, Wal-Mart see online sales growth slow in ominous sign
Both retailers are investing heavily in e-commerce operations, but the deceleration in online sales growth underscores the challenge of competing with Amazon.com, the world’s largest Internet retailer.
Analysts expect IAC to sweeten Angie’s List bid
After seeing its offers to buy Angie’s List turned down in private and in public, New York-based IAC/InterActiveCorp has the next move in what is shaping up as a chess match between the two firms.
Anderson auto-parts plant lands $5M in state incentives
NTN Driveshaft Inc. has been offered $5 million in state incentives to build an $87 million plant in Anderson that is expected to employ more than 500 people, state officials announced Tuesday.
Aggressive bidder has Angie’s List over a barrel, analysts say
Internet behemoth IAC appears bent on hashing out an acquisition and likely would stage a hostile takeover if Angie’s List resists, market analysts say.
WISH-TV launches news-gathering drone
The drone, called AVI8OR, is the first federally-sanctioned quadcopter aircraft cleared for media use in Indiana, WISH announced Tuesday.
Ruling could expose GM to large verdicts in ignition cases
A federal bankruptcy judge has ruled that people suing General Motors over faulty ignition switches can seek punitive damages that could cost the company millions of dollars or more.
Teradata to sell software unit formerly known as Aprimo
Dayton, Ohio-based Teradata bought Indianapolis-based Aprimo five years ago for $525 million, but has decided to go in a different direction with the business unit. It didn’t say whether it had a buyer lined up.
‘Collaborative economy’ startup links clients with marketers
Startups that tap the so-called gig economy, including ride-hailing powerhouse Uber Technologies Inc., have mostly targeted consumers. But a former Salesforce.com employee has launched one aimed at businesses—and she’s off to a solid start.
Angie’s List seeks to capitalize on ‘free users’
Monetizing free users is just part of the vision that new CEO Scott Durchslag, who took the helm of Angie’s List in September, is laying out to reinvigorate the struggling home-services company, which has seen revenue growth slow notably since last year.
Pressure grows on Volkswagen as bad news piles up
The fallout from Volkswagen's emissions-cheating scandal intensified Wednesday, as the company halted sales of seven models in the Unted States that allegedly were part of the cheating.