UPDATE: Vera Bradley to close Indiana plant with 250 workers
The Fort Wayne-based maker of handbags, luggage and accessories said Tuesday it will close the factory May 9 unless business conditions require earlier action.
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Raytheon reaches $5.4 million incentive deal with state
The defense and aerospace contractor plans to add another 249 workers to its existing work force of 912 in Indianapolis by the end of 2020. It also plans to invest about $26 million on the local expansion.
Raytheon planning to move 250 jobs to Indianapolis
Gov. Mike Pence, Raytheon executives and officials for the Indiana Economic Economic Development Corp. have scheduled a Monday afternoon press conference at Raytheon Technical Service Co. LLC to officially announce the local expansion.
Ballard: Polluters dawdling on brownfield cleanup
The owners of more than 20 polluted industrial sites in Indianapolis are hiding behind the legal protections of a state-run voluntary program to delay cleanup, Mayor Greg Ballard alleges in a letter to state regulators.
Young firm aims to clean up in ‘green’ laundry niche
Brandon Evans and Andrew Insley hope their laundry detergent startup sets itself apart from the crowded field of competitors that say they use “natural” ingredients. Their point of differentiation: truly making good on that claim.
Fast-growing Geofeedia to ramp up Indy employment
Fresh off a $3 million funding round announced Thursday, the four-year-old tech company said it plans to hire 50 employees between its Chicago and Indianapolis offices. The majority will work in Indianapolis, founder and CEO Phil Harris said.
U.S. manufacturing slows as output, hiring weaken
U.S. factories expanded last month at their weakest pace in a year, with orders, hiring and production all growing more slowly.
Calumet Specialty tops expectations despite quarterly loss
Calumet Specialty Products Partners lost $63.5 million in the fourth quarter, leading to an unprofitable year.
U.S. Steel to idle Gary Works coke plant, displacing 300
Company spokeswoman Courtney Boone said the Pittsburgh-based steelmaker plans to talk with affected workers and the United Steelworkers union about whether they will be transferred or laid off.
Stairmaker moving to Indiana with 180 jobs
American Stair Corp. plans to invest $2.9 million to purchase, renovate and equip a 60,000-square-foot plant. State officials are offering $1.7 million in tax incentives.
Remy to acquire Ohio steering-system manufacturer
Pendleton-based Remy International Inc. announced Thursday that it plans to acquire Maval Manufacturing Inc., a steering-system maker that employs about 210 people in northeast Ohio.
How ballyhooed ChaCha lost its mojo
Early enthusiasm for ChaCha Search Inc. was so high that at one point it reportedly received a $100 million buyout offer. But today, with ChaCha’s workforce down to 15, the jubilance is gone, Web traffic continues to drain, and founder Scott Jones appears ready to move on.
Indy health care IT company plans 35-job expansion
Healthx, which operates a web-based platform for health care payers, will invest $200,000 to equip its current, 18,000-square-foot headquarters in the Precedent office park.
Health care IT firm plans to add 43 employees
Stratice Healthcare LLC, which sells an electronic ordering platform for medical supplies, landed an incentives agreement with the state to increase employment at its Carmel headquarters.
Local data-analysis startup plans to add nearly 50 workers
Perscio LLC announced Tuesday that it hopes to add 48 full-time employees making an average wage of $43 per hour by the end of 2019.
U.S. proposes rules for drones at industry’s infancy
Even with the proposed safety restrictions, drones can transform urban infrastructure management, farming, public safety, coastal security, military training, search and rescue, disaster response and more.
Anthem’s IT system had cracks before hack
Anthem Inc. spends $50 million a year and employs 200 people to keep its information technology secure. Yet the Indianapolis-based health insurance giant still left itself vulnerable to hackers on key fronts leading up to the theft of 80 million consumer records.
Growing Bluebridge lands new investment, Dorsey’s attention
Mobile-app developer Bluebridge Digital is moving to bigger offices, adding employees, and including ExactTarget co-founder Scott Dorsey as an investor.
Union: General Mills to proceed with Pillsbury plant closure
A union representative says General Mills is moving ahead with its plans to close a southern Indiana Pillsbury plant and a neighboring business that together employ more than 400 workers.
Smart-keg startup lands another $5.5 million
SteadyServ, the local firm behind the iKeg smart beer-management system, now plans to move into at least six new markets outside the Midwest.