The September result was led by a big 36 percent fall in the volatile category of commercial aircraft. But the weakness was widespread across other categories including primary metals, machinery and computers.
Big Sugar and Big Corn face off in court this week in a bitter, multibillion-dollar battle of sweeteners that boils down to a mix of science, semantics and marketing.
Indianapolis-based software firm Interactive Intelligence lost $9.8 million on $97.4 million in revenue in the third period, surpassing analysts’ expectations.
City, town and county officials are investing tens of thousands of dollars to revamp their dated municipal websites and make information easier for residents to obtain.
United Auto Workers leaders have approved a proposed contract with General Motors Co. that promises raises, improvements in health care and a hefty signing bonus.
The Columbus-based engine maker said it would lay off about 500 people in Indiana. Shares fell nearly 10 percent Tuesday after third-quarter profit trailed analyst estimates and the company reduced its annual sales forecast due to weakening demand for its heavy-duty engines.
Allison Transmission Holdings Inc. on Monday reported shrinking revenue and profit in the third quarter, but the results still topped analyst predictions.
The United Auto Workers union and General Motors Co. have reached a last-minute tentative agreement on a new four-year contract, avoiding a strike for now.
Locally-based technology consulting firm Allegient LLC on Friday morning announced plans to spend $1.3 million to renovate and equip unused office space in its headquarters near North Meridian Street and Interstate 465.
Workers overwhelmingly approved a new four-year contract in voting that ended Wednesday night. UAW represents more than 7,000 Fiat Chrysler workers in central Indiana.
A Canadian software firm has signed an agreement to acquire CTI Group Holdings Inc., one of the smallest publicly traded companies based in Indianapolis.
Shares sank 15 percent on Wednesday morning despite an $82,000 profit in the third quarter. New CEO Scott Durchslag told analysts he wanted to increase shareholder value organically rather than pursue a sale or merger.
Firms landed more than $28 million in the third quarter, the highest quarterly total in three years and a sign of accelerating entrepreneurial momentum in the state.
Among the investors locally based Allos Ventures and High Alpha, and coastal VC firm Greycroft Partners.
The Indianapolis-based firm, which sells health care-management software, said it plans to use the funds to grow its sales and marketing teams, and bolster distribution channels.
U.S. manufacturing production fell for the second straight month in September as factories cranked out fewer appliances, computers, and electronics.
Engine maker Cummins Inc. has opened a new technical and office center in southern Indiana where engineers are to focus on improving fuel efficiency and engine endurance.
Michael Klipsch, who stepped down in September as chief legal counsel and president of business development, had been with the indianapolis-based speaker maker nearly 20 years.
The $106 billion merger would create a company that would control nearly a third of the global market and threaten to dominate the U.S. by bringing together Budweiser and Miller Genuine Draft.
The center will be the first hub of the Indiana Information Sharing and Analysis Center in Indianapolis. It is expected to monitor and defend state systems and networks from cyberattacks.
