Local maker of organic oils rakes in $9.5M in venture funding
The round of financing was led by Indianapolis-based HG Ventures, which is the corporate venture arm of a major shareholder in Biosynthetic Technologies.
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Software firm Boardable secures $1M in capital from High Alpha
Founded in 2017, Boardable plans use the investment on talent, product development, marketing and sales—with the goal of doubling employment by the end of the year.
Are additional Celadon execs in prosecutors’ sights?
The Justice Department’s April 25 press release—which announced Celadon had admitted to the fraud and agreed to pay $42 million in restitution—closes by noting that the investigation is ongoing.
Single-payer health care would be ‘major undertaking,’ CBO says
Adopting universal health coverage “would significantly increase government spending and require substantial additional government resources,” the office said.
Fed foresees no rate hikes amid unusually low inflation
The Federal Reserve signaled that no rate hikes are likely in coming months amid signs of renewed economic health but unusually low inflation.
Fed likely to underscore a message: No rates hikes in 2019
The Federal Reserve this week will likely reinforce a theme that has cheered consumers and investors since the start of the year.
Local software firm Viral Launch lands $7.3M in venture funding
The Series A round was led by New York City-based Tenfore Holdings, with contributions from existing investors Mentor’s Fund of Redwood City, California, and McLean, Virginia-based UpOver Ventures.
Carmel council investigates termination of ‘key’ clerk-treasurer’s office employee
Clerk-Treasurer Christine Pauley and recently fired Director of Internal Controls Ann Bingman on Tuesday night gave councilors conflicting information about the status of the city’s annual audit.
Controversial payday lending bill dies in House without vote
On the last day for bills to pass out of the Indiana House, the sponsor for Senate Bill 613—Rep. Matt Lehman, R-Berne—declined to call it for a vote.
Managed-care stocks continue to tumble amid uncertainty in health care
Shares in Indianapolis-based Anthem Inc. and other health insurance stocks were still falling Friday morning amid political turmoil over health care and drug prices.
Battered software firm was unrelenting in quest to find buyer
Software maker Determine Inc.'s investment bankers contacted dozens of prospective suitors as the company racked up millions of dollars in losses and burned through cash.
JPMorgan Chase invests $1M in IPS high-schoolers for work opportunities
More than 2,000 IPS students will take part in work-based learning in high-demand industries through the program.
Amendment to payday loan bill unable to calm community advocates
Even after lawmakers worked hours overnight to craft an amendment to a controversial bill regulating payday and subprime loans, opponents remained frustrated.
Investment software maker plans $5.5M HQ in old Sears store
Accutech Systems Corp., a wealth management software provider, said it intends to hire nearly 50 employees for jobs at the new headquarters.
Former Indy-area attorney pleads guilty to tax evasion
Scott C. Cole of Brownsburg took extensive steps for several years to avoid paying federal taxes owed from more than a decade before, according to his plea agreement.
UPDATE: Lyft’s shares soar as investors bet on ride-hailing future
Lyft’s IPO raised more than $2 billion to use in its heated competition with Uber to woo riders. Uber is expected to make an even bigger splash when it completes its IPO later this year.
Local tech startup aims to reinvent currency exchange market
An Indianapolis-based startup is aiming to reinvent the currency exchange market by connecting international travelers directly to the currencies they need.
Founders, employees of Westfield financial firm accused of $10M fraud
Prosecutors allege that the defendants engaged in a 13-year-long scheme to defraud the Small Business Administration.
Trump blames Fed for holding back economic growth in 2018
In a broadcast interview, Trump said without the Fed’s rate hikes last year and moves to trim its bond holdings, the economy would have grown by more than 4 percent.
Baker Hill’s new software fuels firm’s rapid growth
A year after the release of the fifth and final phase of its NextGen platform, Carmel-based financial software firm Baker Hill is experiencing significant growth, which CEO John M. Deignan says should continue for several years.