Fishers startup lands another $1.25M to help launch anti-clotting device
Recovery Force Health said it plans to use the new funding as growth capital to market its device to hospitals and introduce other products.
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Mark Zuckerberg was warned about social media addiction, filing shows
Employees at Facebook parent Meta Platforms and TikTok developer ByteDance were aware of the harmful effects of their platforms on young children and teenagers but disregarded the information or in some cases sought to undermine it, court filings show.
Biden tells U.S. to have confidence in banks after two collapse
President Joe Biden insisted Monday that the nation’s banking system was safe, seeking to project calm after the collapse of two banks stirred fears of a broader upheaval and prompted regulators to offer emergency loans to banks to stave off additional failures.
Indiana’s unemployment rate unchanged in January
Indiana saw gains in the construction; leisure and hospitality; private educational and health services; trade, transportation and utilities; and professional and business service sectors.
Fishers-based gene therapy firm Genezen appoints new CEO
Steven J. Favaloro brings a background in finance in the life sciences industry to his new positions as president and CEO.
Crazy King Burrito planning to open 3 restaurants in Hamilton County
Indiana’s first Crazy King Burrito location is expected to open June 1 in Carmel. Other suburban locations for the fast-casual restaurant are in the works.
Speedway’s Wilshaw project facing more delays after developer fails to disclose SEC trouble
Town of Speedway leaders are pumping the brakes on a proposed $2.5 million loan to help pay for the long-delayed Wilshaw hotel project after learning that one of the companies involved wasn’t forthcoming about federal fines for past business dealings.
IBJ Podcast: Pete The Planner on the new rules for saving
Late last year, Congress passed a significant revision to the rules for retirement plans with the intent of extending and expanding your saving opportunities.
Indianapolis mayoral candidates clash in first forum
Seven candidates for Indianapolis mayor discussed their policy plans in a candidate forum Sunday, but expected Democratic front-runners Mayor Joe Hogsett and State Rep. Robin Shackleford were no-shows.
U.S. government moves to stop potential banking crisis
In a sign of how fast the financial bleeding was occurring, regulators announced that New York-based Signature Bank had also failed and was being seized on Sunday.
Smoke shop to open in Fountain Square building once earmarked for a liquor store
CBD and vape retailer Higher Grade operates two locations in Noblesville plus single stores in Fishers, Carmel, Avon and Indianapolis.
These companies were affected by the Silicon Valley Bank crash
Among several businesses affected by the crash, Roku said it had about $487 million of its $1.9 billion at Silicon Valley Bank, about 26 percent of the firm’s cash as of Friday.
Ex-Indiana congressman Buyer convicted of illegal stock purchases
The verdict against Steve Buyer, a Republican lawyer who served in Congress from 1993 to 2011, was returned after a jury heard evidence about stock purchases he made after he became a consultant and lobbyist.
‘It’s hard to focus’: Schools say American kids are hungry
School cafeterias typically don’t turn away a hungry kid, but debts for unpaid school meals have been rising—showing the level of need, and raising questions about how schools will keep feeding everyone, without federal money to do it.
Silicon Valley Bank collapse leaves start-ups scrambling to pay workers
Flow Health employees were just a fraction of the thousands of people likely to be affected by the stunning collapse of Silicon Valley Bank on Friday, marking the second-largest bank failure in U.S. history and sending shock waves through the tech and finance worlds.
IEDC paying premium for farmland for Boone County tech district
The quasi-government entity has secured roughly 9,000 acres of land in Boone County for its LEAP Lebanon Innovation and Research District.
Purdue professor puts high-tech spin on old-time construction staple
Luna Lu and her team at Purdue’s Lyles School of Civil Engineering are among a handful of organizations worldwide dabbling in how to commercialize “smart concrete.”
Cunningham restaurant empire keeps growing
On the verge of opening its 40th restaurant, Indianapolis-based Cunningham Restaurant Group is set to do business in Bloomington for the first time and expand its presence in Plainfield and Greenwood.
New NCAA president: Indianapolis ‘perfect home’ for organization, more events
Baker, who officially stepped into the head role at the NCAA last week replacing longtime leader Mark Emmert, said he’s receptive to more of the organization’s championships being held in Indiana.
Silicon Valley Bank seized by FDIC as depositors pull cash
The bank failed after depositors—mostly technology workers and venture capital-backed companies—began withdrawing their money and created a run on the bank.