Pendleton-based manufacturer Remy International Inc. saw a big bump in sales in its latest quarter but took a sizable loss after paying part of a legal settlement and dealing with costs associated with its recent acquisition of USA Industries.
Genesis Casket Co., a locally based manufacturer that appeared to be on the fast track just a few years ago, has notified the state that it plans to close its Indianapolis headquarters, ending employment for 56 workers.
The donation represents the giving of employees and retirees of Lilly and Elanco Animal Health in the U.S. and Puerto Rico, plus a matching contribution from the Lilly Foundation.
The Columbus-based manufacturer of heavy-duty engines saw profit jump 19 percent on stronger sales in North America and abroad.
The Indianapolis-based manufacturer had sales of $553 million in the quarter ended Sept. 30, a 19-percent increase over the same period of 2013. Profit rose to $68.8 million, up from $44.5 million.
Stant Corp. announced it will stay in Connersville, where it was founded in 1898. The company has nearly 300 employees at it corporate headquarters.
The travel website TripAdvisor has seen such an explosion of consumer-generated reviews and page views in the last two years that local hoteliers now monitor it continually.
Herff Jones might be on the verge of a sale for as much as $1 billion. The 94-year-old maker of class rings and yearbooks, quietly renamed Varsity Brands Inc. in June, has hired the investment banking firm Jefferies to explore a sale, unidentified sources told Reuters.
Retailer Big Red Liquors is expected to announce a partnership Thurday with Boston-based mobile-software startup Drizly to offer alcohol delivery service to consumers in the area.
The strike at the Schneider Electric plant began Oct. 6 in a dispute between the French-based company and the International Association of Machinists and Aerospace Workers over raises and pensions.
The Indianapolis company said it is closing its Guayama facility because the patents on some of the drugs made there have expired.
The Federal Reserve said Thursday that factory production rose 0.5 percent in September after falling 0.5 percent in August. The continued pace of manufacturing output will likely be a bellwether for the broader economy.
Lafayette-based Emerging Threats Pro LLC said it will invest $967,000 to open an outpost in the Parkwood Crossing office park in Carmel.
A Montreal-based company plans to close its paper-converting facility in Indianapolis, putting 55 employees out of work, the company said Monday in a notice to the state.
The struggling consumer-review firm plans to spend some $40 million to expand its headquarters campus on the east side of downtown and create 1,000 jobs with the help of more than $25 million in state and city incentives.
A company that makes towable recreational vehicles says it will spend nearly $5 million to expand its operations in northern Indiana, creating as many as 125 jobs.
In the last two years, the number of microbreweries operating in Indiana has roughly doubled, to 96. But can the industry sustain such blistering growth, especially in Indianapolis, where much of the activity is occurring, without foaming over?
The strike at the Schneider Electric plant in Peru began early Monday, with members of the International Association of Machinists and Aerospace Workers picketing outside its main gates.
It’s now called Salesforce Marketing Cloud. The move underscores changes still under way since Salesforce.com acquired the local firm for $2.5 billion last year.
Canada-based Skjodt-Barrett Foods plans to hire 97 more workers by 2017 at its Boone County operations, established in late 2011.
