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.
The Franklin facility also saw major job reductions in October, when Energizer ceased its packaging operations at the site.
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.
The “refresh” aims to address a key challenge—public misperception as to what OneAmerica Financial actually does.
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.
Alpine 4 Holdings Inc., whose subsidiaries include Indianapolis-based RCA Commercial Electronics, says it is struggling “with unparalleled challenges.”
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.
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.
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.
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.
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.
Established in 2005, Onebridge is a data and anayltics consulting firm that serves the health care, life sciences, manufacturing, financial services and government sectors.
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.
Bloomerang, which offers software tools for not-for-profit organizations, says its acquisition of Florida-based Qgiv will help fuel growth.
Indianapolis-based OneAmerica, which has been the Mini-Marathon’s title sponsor for the last 20 years, will end its sponsorship after this year’s race on May 4.
The $43 million investment, by far the largest in 120Water’s eight-year history, will help the water management software company pursue some of the big opportunities that lie ahead, CEO Megan Glover says.
Most of the 125,000-plus fans who are expected downtown for the NBA All-Star Weekend Feb. 15-18 won’t be at the big game. But local residents and others without game tickets will still have plenty of opportunities to get in on the action.
This will be the third straight year the Indiana Economic Development Corp. has attended the splashy CES tech trade show in Las Vegas. But this year, it will be bringing some special guests to provide first-hand accounts of the state’s startup-friendly culture.
At Wednesday’s home game against the Milwaukee Bucks, the Pacers will debut their new Spokenote patches, which feature a black-and-white QR code. No other major sports team has ever had a QR code on its jersey until now, the Pacers said.
Indianapolis-based Market Wagon, which offers home delivery of food and artisan items, has grown its customer base in the St. Louis area with the purchase of Find Your Farmer Inc.
