ArcelorMittal to lay off 304 in steel plant closing
The company said it would idle its Indiana Harbor Long Carbon facility March 1 and shut down its rolling mill in the next three months. Both facilities are in East Chicago.
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Indiana city to consider $7M in incentives to keep plant open
General Mills announced earlier this month it planned to close its refrigerated goods plant that employs 400 by mid-2016.
Local software firm hopes to grow after VC infusion
Indianapolis-based Salesvue LLC, which produces productivity software products for sales departments, is looking to raise $5 million to grow its sales and marketing team.
Pacers telecasts on Fox Sports going mobile
Fox Sports Indiana is live streaming home and away games—as well as pre- and post-game shows—to mobile devices. Pacers officials are hopeful the viewing option will grow the team’s fan base and increase ticket and other sales.
Cycling devotees embrace $450 pump
Josh Poertner, a Zipp Speed Weaponry engineer who helped prove bicycle fanatics would pay $3,000 for a pair of aerodynamic wheels, has turned his Steve Jobs-like obsession with technology and design to the lowly tire pump.
As oil prices go haywire, refiner Calumet sticks to playbook
Whether Calumet Specialty's depressed stock price combined with its rich quarterly dividend create a buying opportunity is the subject of intense debate among investors these days.
U.S. Steel to idle mill, lay off 369 Indiana workers
The Pittsburgh-based steelmaker notified workers this week it would close East Chicago Tin for an unknown period. The finishing plant makes tin-plated metal largely for canned foods such as soup and vegetables.
Global glassmaker to invest $71M in Randolph County plant
Ardaugh Group plans to retain its 400 workers at the Winchester plant as it invests in a major upgrade.
Union to talk about Indiana Pillsbury plant set to close
The union that represents workers at a Pillsbury plant set for closure expects to meet next month with General Mills officials to discuss the plant’s future. The union represents 335 workers at the plant and 80 workers at a neighboring plant that could be impacted.
Scale Computing preps to launch large expansion
Information technology firm Scale Computing Inc. has been raising money at a clip similar to other prominent local tech companies in their early days and is gearing up to increase its workforce by a factor of five.
Two Italian firms to start operations in Indy area
Sirmax and OMR Automotive, both suppliers to the automotive industry, plan to build plants in Speedway and Anderson and together could create up to 110 jobs over the next several years.
Marketing tech company changes name, appoints new CEO
Smarter Remarketer, considered one of the city's most promising marketing technology companies, has rebranded itself and promoted to CEO an executive who joined the company last fall, the company announced this week.
Indiana fertilizer plant not seeking state incentives
A Pakistani-backed company planning to build a $2.6 billion fertilizer plant in southwestern Indiana announced Thursday it has withdrawn its request for state economic incentives.
In unusual deal, Westfield sells fiber network for $5M
The city of Westfield and its school district recently exchanged their homegrown network for $5 million in in-kind services. As a result of the agreement, city and school officials will not have to worry about things like paying for Internet service for the next 10 years.
Indiana, U.S., shut out of new auto assembly plants
Every plant announced for North America since 2009 has gone to Mexico. The upshot is not only few assembly jobs, but fewer jobs and businesses that feed off of the massive operations.
Pillsbury plans to close 400-worker New Albany plant
The plant manufactures crescent rolls, pizza dough and other refrigerated baked goods. It has been operated by General Mills since 1959.
Automakers end 2014 strongly, pushing some to records
Holiday sales, cheaper gas prices and low interest rates pushed U.S. auto sales to big gains in December, helping the industry close out a strong year.
Brown: R&D key to Interactive’s staying power
Founder Don Brown, 58, has been CEO, president and chairman of Interactive Intelligence since the company launched in 1994. He talked with IBJ recently about the tech firm’s recent milestone, its 20th anniversary.
GE Aviation starts hiring at Lafayette engine plant
The company announced plans for the $100 million factory in March, with officials saying they anticipated hiring more than 200 workers within five years.
Companies explore options for counterattacks on hackers
A growing number of firms are considering ways to break into hackers’ networks to retrieve stolen data or even knock their computers offline. Such actions could push the limits of existing law.