Fast-growing tech companies slow to go public
Indiana hasn’t seen a company launch an initial public offering in nearly two years. When the next IPO comes, it likely won’t be a technology company.
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Fantasy-football app developers team with DraftKings, ESPN’s Matthew Berry
Local entrepreneurs Mark Welsh and Charlie Russell last year started an app development company. And this year, they inked partnerships with ESPN fantasy football guru Matthew Berry and daily fantasy sports behemoth DraftKings for their first major endeavor.
Growth allows Oliver Winery to invest in big equipment
This year’s grape harvest—a process which typically runs from the end of August to the second week of October—promises to be a bit less anxiety-inducing thanks to a decision that has been slowly processing over the past five years.
Pizza dough plant with 62 workers set to close
San Antonio, Texas-based C. H. Guenther & Son Inc. said it plans to close its Frozen Ventures facility in Indianapolis “for business reasons.”
Volkswagen to be subpoenaed in probe by 27 states
A majority of U.S. states, including Indiana, have begun a joint investigation of Volkswagen AG in the widening fallout from the company’s admission that 11 million of its diesel vehicles use software to cheat emissions tests.
BidPal back on growth path after strategy shift, CEO says
BidPal CEO Steve Johns took the helm last September in the wake of job cuts at the software firm. He said the company has added employees and customers since then.
Caterpillar says it could cut 10,000 jobs to reduce costs
Caterpillar Inc. is planning another round of job cuts as the construction and mining equipment maker adjusts to downturns in key markets that it serves.
VW not first manufacturer to use deceptive emissions tactics
Almost as soon as governments began testing vehicle emissions, automakers and engine manufacturers found ways to cheat. Indiana-based Cummins Inc., for instance, was involved in a high-profile case in the late 1990s.
Orders for U.S. durable goods down 2 percent in August
A key category that serves as a proxy for business investment edged down 0.2 percent last month after gains of 2.1 percent in July and 1.5 percent in June.
Rolls-Royce to run new R&D facility at Purdue tech park
The global firm with extensive Indiana operations plans to occupy a 40,000-square-foot building to be constructed in the Purdue Research Park Aerospace District, a 980-acre technology park in West Lafayette.
Indiana lawmakers push regulator to help Alcoa
Beer is giving one top U.S. financial regulator a headache. And so is a group of Indiana lawmakers, who want friendlier treatment for one of the state’s big employers.
Soapmaker Gilchrist & Soames scooped up by Sysco unit
The Indianapolis-based producer of high-end soaps, shampoos and conditioners for hotels and resorts will become part of Guest Supply but keep its local operations.
Subaru plans 1,200 jobs as part of $140M expansion
Subaru of Indiana Automotive plans to spend $140.2 million to expand its plant in Lafayette and add as many as 1,200 workers before the end of 2017, the company announced Monday morning.
Pence to announce new jobs at Subaru Indiana
Subaru has announced plans to produce a new SUV in Lafayette that will be exclusive to the North American market.
Oesterle launches tech lobbying group for LGBT fight
Former Angie’s List CEO Bill Oesterle said the group is called Tech for Equality. It intends to lobby for the addition of sexual orientation and gender identity to state and local anti-discrimination codes.
Cummins’ $30M divisional HQ will make statement
The building under construction on the former Market Square Arena site will be modern, with a calibrated glass facade and abundant green space.
Turkey breast prices jump after bird flu creates shortage
U.S. restaurants and retailers are facing a shortage of turkey-breast meat, with prices at a record high. The nation’s worst outbreak of avian influenza is to blame.
Software consultant plans 80 jobs in downtown Indy
South Africa-based software quality-assurance firm iLab LLC plans to expand its North American headquarters in Indianapolis and add up to 100 workers statewide by the end of 2019, it announced Wednesday afternoon.
Pork processor plans $41 million expansion in Indiana
The company behind the Indiana Kitchen brand of bacon and other pork products plans to add more than 90 workers by the end of next year.
Software firm Emarsys lands $33 million in new funding
The Austrian software firm, which established its U.S. headquarters in Indianapolis in July, plans to use the money to fuel aggressive growth in North America and Central America.