NBA camp in Noblesville part of league’s international reach
The NBA’s Basketball Without Borders camp, for elite teen players from around the world, took place this weekend in Noblesville.
Susan Orr
Articles
Cummins faces shareholder and customer lawsuits after $2B settlement
The Indiana-based manufacturer agreed late last year to pay $2 billion to settle allegations that it unlawfully altered hundreds of thousands of Ram pickup truck engines in violation of Clean Air Act emission standards.
Pacers’ Tyrese Haliburton, other pro athletes and influencers to compete in NBA 2K esports event
The gaming is just one of the attractions at what’s being called NBA 2K League Alley, an 11,202-square-foot space that’s intended as a fun, immersive experience for gamers and non-gamers alike.
Free weekend clinic to educate youth about non-playing basketball careers
Spots are still open for The Business of Basketball, a free clinic that’s part of the NBA’s effort to develop youth interest in basketball.
Alternative investments—real estate, crypto, private equity—catch on with individual investors
For a variety of reasons, including a slowdown in initial public offerings and increasing accessibility, alternative investments have been gaining traction with a wider range of individual investors over the last several years. And experts believe the trend will continue to grow.
Local businesses hoping All-Star Rewards program will boost their profiles
The program, which runs through Feb. 18, allows consumers to visit participating businesses and other locations around the state, accumulating points that they can then redeem for NBA-related prizes.
Cummins posts quarterly loss but full-year profit
Cummins posted a rare quarterly loss in the fourth quarter, which was largely due to a previously announced $2 billion environmental settlement. The settlement also reduced the manufacturer’s full-year profit for 2023.
Energizer to close Franklin facility, cut 64 employees
The Franklin facility also saw major job reductions in October, when Energizer ceased its packaging operations at the site.
Andretti SPAC’s shareholders to vote on proposed merger with AI firm
If Andretti Acquisition Corp.’s shareholders approve the merger, the deal is expected to close shortly after the vote, and shares of the combined company will begin trading on the New York Stock Exchange.
With rebranding, Indy’s largest private company launching first-ever ad campaign
The “refresh” aims to address a key challenge—public misperception as to what OneAmerica Financial actually does.
Experts say 2023’s sluggish venture activity could last well into 2024
According to PitchBook data, Indiana firms attracted $730.5 million in venture investments last year, down 2% from the $748.7 million they landed in 2022. The number of venture deals dropped 13%, from 188 in 2022 to 164 in 2023.
Struggling Alpine 4 jettisons subsidiaries
Alpine 4 Holdings Inc., whose subsidiaries include Indianapolis-based RCA Commercial Electronics, says it is struggling “with unparalleled challenges.”
Indianapolis-based angel investor group had banner year amid 2023 slump
VisionTech reported this week that it invested a total of $2.88 million into 18 different companies last year, representing an increase in both the number of deals and the total value of deals from 2022.
Cease-and-desist order issued against Carmel financial firm, CEO
The Indiana Secretary of State’s Office has issued a cease-and-desist order against Carmel-based ReJoyce Financial LLC, its CEO Alexander Joyce, and two other parties.
Cummins joint venture selects Mississippi as site for battery plant
The joint venture, which includes Cummins and three other companies, was formed last year for the purpose of building a battery plant for commercial vehicles.
Local tech firm ShipSigma combining business, basketball in event next month
Carmel-based ShipSigma is hosting what it calls its ShipSigma Summit on Feb. 16-17, specifically timing the event to capitalize on the All-Star Weekend activities in Indianapolis.
UAW members overwhelmingly approve new contract with Allison Transmission
More than 81% of United Auto Workers Local 933 members voted Tuesday to ratify a new employment contract with Indianapolis-based Allison. The members had been working under the terms of a previous contract that expired in mid-November.
Local tech consulting firm Onebridge acquired by New Jersey company
Established in 2005, Onebridge is a data and anayltics consulting firm that serves the health care, life sciences, manufacturing, financial services and government sectors.
Once red hot, job market has cooled; unemployment still low
Employers are doing a lot less hiring than they were a year ago—a sign that the job market in Indianapolis, and nationwide, has cooled considerably.
Indianapolis-based Bloomerang acquires Florida-based software firm
Bloomerang, which offers software tools for not-for-profit organizations, says its acquisition of Florida-based Qgiv will help fuel growth.