Safety label company plans $2.1M headquarters in Westfield
DuraMark Technologies Inc. hopes to hire 18 more employees to work in a new 18,000-square-foot office and production facility just south of 169th Street and west of U.S. 31.
Manufacturing
Articles
VW might compensate owners of diesel cars for loss of value
Earlier this week, Kelley Blue Book said the value of VWs with 2-liter diesel engines had fallen 13 percent since mid-September, about when the automaker’s emissions cheating scandal came to light.
Indy unit key part of multi-pronged Salesforce strategy
Salesforce.com is using its Indianapolis-based Salesforce Marketing Cloud division as the springboard for a nascent business line that company officials believe has the potential to grow rapidly for years to come.
Salesforce expanding downtown, seeking big block of space
Salesforce.com appears to have scrapped plans to build its own downtown headquarters building and instead is seeking a huge block of space in an office tower to satisfy its aggressive growth plans.
Lawmakers may spoil fantasy sports party
State and federal lawmakers are taking a serious look at the legality of the services of fantasy football goliaths DraftKings and FanDuel—a move that could put the companies out of business in Indiana and other states.
Lawmakers vent as VW chief apologizes for scandal
Volkswagen’s top U.S. executive testified Thursday on Capitol Hill as the emissions-rigging scandal engulfing the automaker deepened and House members said the firm violated the public’s trust.
Lilly Endowment pegs $1.4M grant for attracting tech talent
TechPoint, an Indiana technology advocacy group, intends to use the money for internship and fellowship programs that create career connections in the state.
Fiat Chrysler avoids strike with new tentative contract
The union announced the agreement just after 11:59 p.m. Wednesday, which was the deadline the union had set to reach a new deal or possibly go on strike.
Fiat Chrysler, UAW still bargaining as strike threat looms
The UAW represents around 40,000 factory workers in the United States. More than 7,000 of those employees work in Kokomo.
Survey: More Indiana manufacturers financially ‘challenged’
A new annual survey of Indiana manufacturers found 38 percent of companies rate their overall performance as “healthy,” a drop of about 10 percentage points in a year.
Rolls-Royce lays out plan to spend $600M on Indy operations
Rolls-Royce Corp. is planning a wide-scale modernization of its Tibbs Avenue jet-engine plant in Indianapolis that would be part of an overall goal to invest nearly $600 million in its local operations over five years.
Subaru incentive deal announced ahead of state board vote
Indiana's business recruitment agency announced nearly $8 million of incentives last month for Subaru's planned major expansion of its Lafayette factory even though it will be months before the agency's board considers approving the deal.
IT firm plans to add up to 105 jobs in Broad Ripple
TCC Software Solutions, which was founded in 1996 and has 139 full-time employees locally, said it will invest $1.9 million to expand into a new facility on East 52nd Street.
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.
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.