Cummins will pay $1.675 billion to settle allegations that the engine-maker violated the Clean Air Act, the company announced Friday. This is the largest settlement ever reached under the Clean Air Act, and the second largest of any environmental penalties.... Read More
Indianapolis-based smart-mailbox startup Arrive Technology Inc. plans to go public via a merger with Canada-based Bruush Oral Care Inc., the companies announced Friday. The deal is expected to close in the first quarter of 2024. ... Read More
The NBA and the NBA Foundation are teaming with several Indianapolis-based organizations to present a business pitch competition for diverse-led Hoosier startups. The contest is geared toward diverse-led Hoosier startups.... Read More
Indiana-based banks, and publicly traded banks nationwide, have seen their stock prices take a beating this year—but bank executives and analysts are optimistic the slump is nearing an end. Unlike bank stocks, the broader S&P 500 has shown consistent growth.... Read More
Indianapolis-based High Alpha Innovation is halfway to its fundraising target for a new $35 million fund that will target startups rooted in the University of Notre Dame and the surrounding South Bend-Elkhart area.... Read More
The suit, filed in U.S. District Court for the Western District of Texas, accused STMicroelectronics of making and selling products that infringe on Purdue’s patent for a technology related to semiconductor devices used in high-voltage power applications.... Read More
Aled Miles has been named the new top executive at Fishers-based software company Formstack following the departure of longstanding CEO Chris Byers. Byers left the company on Thursday and Miles started as CEO on Friday, Formstack announced this week.... Read More
Carmel-based OpenLane Inc., which operates online platforms for buying and selling wholesale used vehicles, announced Monday afternoon that it plans to acquire Atlanta-based Cox Automotive Inc.’s Manheim Canada business for $95 million.... Read More
Armed with newly compiled data from its inaugural Rally innovation conference, Elevate Ventures is planning a slightly trimmed-down program for next year’s event. A new report details who attended the event and what their experiences were like.... Read More
Anderson-based Lampco Federal Credit Union, which has been focused on Madison County for 60 years, is eyeing expansion opportunities in Indianapolis and some of its suburbs. “We’re excited to come to the area,” said Lampco CEO Migual Patterson.... Read More
