Cummins has reached an agreement with the U.S. Department of Justice and will pay $1.675 billion—the largest Clean Air Act settlement in history—to resolve allegations that the company violated the Clean Air Act by installing “defeat devices” in some of its pickup truck engines.
The company’s customers were almost exclusively local until the 2019 holiday season, when a new Foamnasium product, Blocksy, became a hit on social media.
Indianapolis-based Arrive, which did business as DroneDek until a rebranding earlier this year, offers smart mailboxes for package delivery.
The concept of social media influencers being compensated for promoting things online isn’t new, but Hummingbirds’ CEO said what sets the firm apart is its focus on local social media users in targeted cities.
Indianapolis-based Windsor Wealth Management had 14 employees and $1.9 billion in assets under management when Corient acquired the firm.
The contest for diverse-led Indiana-based startups offers a total of $150,000 in cash prizes.
Most of Indiana’s 14 publicly traded banks have seen a significant drop in stock prices at some point this year, in some cases falling more than 50% from their Jan. 3 prices, the first trading day of the year.
Indianapolis-based High Alpha Innovation announced this week that it has closed on $17.5 million for its new 1842 Fund, which will invest in startups affiliated with University of Notre Dame faculty, students and members of the greater South Bend and Elkhart communities.
A jury found STMicroelectronics infringed on a Purdue patent by making and selling products for a technology related to semiconductor devices used in high-voltage power applications.
Chris Byers, who had been Formstack’s CEO since 2010, said he came to the realization earlier this year that it was time for him to leave the company.
Carmel-based OpenLane announced Monday that it plans to acquire Manheim Canada from Atlanta-based Cox Automotive in a $95 million deal that’s expected to close within 30 days.
Local tech founders and funders have diverse and nuanced opinions on whether new laws governing AI are necessary or whether effective legislation of the technology is even possible.
Based on data from a newly released report about its first-ever Rally innovation conference, organizer Elevate Ventures likely will trim its programming offerings and schedule fewer simultaneous programs.
After 60 years of operations in Madison County, Anderson-based Lampco Federal Credit Union is working to establish a foothold in Marion, Hamilton and Hancock counties.
The settlement involves a former Purdue professor who was accused of falsifying and fabricating data related to federally funded research. After researching the allegations, Purdue said it agreed the federal research funding should be returned.
According to the plea agreement, Christopher Turean spent his wealthy client’s money on gambling and paying down a home equity loan.
Steve Pratt will lead an office of about 500 people. He will succeed Deloitte Tax LLP Partner Mary Boelke, who has led Deloitte’s Indianapolis office for more than 11 years.
The University of Indianapolis is leading a coalition of six Indiana colleges in an $11 million grant-funded program that’s using data analytics to help boost graduation rates.
The Tax Cuts and Jobs Act, which passed in 2017, temporarily doubled the estate-tax exemption starting in 2018. But the estate-tax provision of the TC&JA is scheduled to sunset at the end of 2025.
The Indiana Founders Network is intended to help entrepreneurs connect with peers for personal support and networking. The group’s kickoff event takes place in January.
