Articles

Russian investor gives Ener1 fresh start

A Russian timber tycoon who poured millions into a battery maker with Hoosier roots is the new owner of Ener1 Inc. Boris Zingarevich supplied $50 million for Ener1’s March 30 exit from bankruptcy and is moving its headquarters from New York to Indianapolis—already home to its core subsidiary, EnerDel.

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Defender Direct founder steps down as CEO

Defender, which sells and installs home-security and satellite systems, said company President Marcia Barnes has replaced David P. Lindsey as CEO. Lindsey will retain majority ownership of the company he founded in 1998.

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Indianapolis man awarded $5.6M in factory accident

Ronald W. Hargis lost four fingers from his left hand and underwent a dozen surgeries after being injured by a compression roller while testing new equipment at Flutes Inc. in Indianapolis. Hargis sued the North Carolina manufacturer of the equipment.

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Techies pressing again for direct Silicon Valley flights

High-tech firms have been clamoring for a couple of decades for nonstop flights between Indianapolis International Airport and California’s Silicon Valley. One of Indiana’s tech icons made it clear recently that the need is as urgent as ever.

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Startups launch apps to facilitate good deeds

Two startup firms, Cause.It LLC and Trensy LLC, have created tools that link charitable behavior and consumption. Like the hit app Foursquare, the newcomers encourage users to “check in” when they show up at events or complete activities so they can earn rewards offered by local businesses.

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Wabash National shares rise on $360M deal

Shares of Indiana-based Wabash National Corp. jumped Tuesday after the maker of truck trailers said it would diversify its business by purchasing liquid-transportation company Walker Group Holdings LLC for $360 million.

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