Remy to spend $32M to settle patent lawsuit
Pendleton-based Remy International Inc. has agreed to pay $32 million to settle a patent lawsuit with an Italian manufacturer that was filed in 2008, the company announced late Thursday.
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Lilly execs make pitch for local preschool education
Eli Lilly and Co. executives on Friday repeated their plea to local businesses to support early childhood education, highlighting the work force development and crime-reduction benefits associated with the effort.
Auto supplier plans $73.5M plant in Boone County
A Japanese auto-parts supplier plans to invest $73.5 million to build and equip a 151,000-square-foot manufacturing facility in the community of Jamestown, adding up to 195 jobs by 2017.
Crowdfunding site Localstake sees surge in deals
The seven-employee Indianapolis firm launched in June 2013, raising funds for two companies in its first six months. Over the following eight months, it brokered funding for eight companies and has eight in queue.
Local lawyer among first to accept Bitcoin for services
Intellectual property attorney Paul Overhauser’s clients are often on the cutting edge of Internet technology, so he decided that in addition to dollars, he’ll take digital dough.
Renault teams with Bollore to promote electric cars
Renault SA is teaming up with French billionaire Vincent Bollore to make electric cars as the two struggle to establish a market for the emission-free vehicles, including one in Indianapolis.
Harlan Bakeries plans $13M expansion in Avon
The company, one of Hendricks County’s largest employers, said the expansion will help it retain 700 workers at its flagship plant
Electrolux to buy GE Appliances in $3.3B deal
The acquisition is the largest ever for Stockholm-based Electrolux, ranked as the world's second biggest home appliance maker after U.S. rival Whirlpool. Louisville-based GE Appliances has a long history in Indiana.
Wabash National plans Frankfort factory, 100 jobs
Wabash National announced Friday that its new manufacturing complex in Frankfort, about 45 miles northwest of Indianapolis, will expand its Wabash Composites business.
Strong European sales goose Hurco’s quarterly results
The Indianapolis-based machine tool maker reported Friday morning that profit in the latest quarter shot up more than 400 percent as sales and fees increased 25 percent.
British ‘pigging’ firm picks Fishers for regional HQ
A U.K.-based firm that helps manufacturers reduce waste and cut production-changeover times is establishing its North American outpost in Fishers, taking advantage of the central location to grow its reach.
Auto parts supplier plans Indiana factory, 253 jobs
Tenneco Inc. announced Wednesday that work is underway preparing an existing 150,000-square-foot building in a Jeffersonville industrial park for the factory.
RV industry leaders say rebound picking up speed
Key manufacturers and suppliers have announced recent expansions, the stock market is at an all-time high, and consumers are more confident in the future, industry leaders say.
Smarter Remarketer gets $7M in funding
Smarter Remarketer, an Indianapolis-based retail technology firm, said Aug. 27 that it has lined up $7 million in venture debt financing from Los Angeles-based City National Bank.
Meat processing company plans new Indiana plant
The project by Boar's Head Meats includes an initial investment of $80 million to build a 150,000-square-foot building where up to 200 people will work.
Customer service firm plans to hire 1,000 workers
The new part-time and full-time jobs will pay in a range of $12 to $18 per hour, according to Boston-based Interactions Corp.
U.S. durable goods orders show record surge
Business orders for long-lasting manufactured goods shot up by the largest amount on record in July. But most of the strength came from demand for commercial aircraft. Outside of transportation, orders dipped.
Toyota to expand Highlander production, add 300 workers
Toyota Indiana on Friday said it plans to expand operations at its Princeton plant, about 150 miles southwest of Indianapolis, creating up to 300 jobs by 2016.
Struggling Angie’s List lays off 97 salespeople
The consumer-review firm told federal regulators Friday that the move was “part of a focus on improving salesforce performance and productivity.”
Indianapolis homebuilder combines dashing design, prefabricated construction
Ursula David hopes her first manufactured home will catch on at other infill lots close to downtown.