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High Alpha closes on $125M investment fund, downsizes staff

June 11, 2024 | Susan Orr

Fund IV marks some shifts in Indianapolis-based High Alpha’s operating strategy—notably, it plans to launch fewer companies per year than it traditionally has in the past, and it has cut its staff nearly in half.

Entrepreneurs charged up over next venture

June 7, 2024 | John Russell

Longtime business partners Robert Laikin and Larry Paulson, who made their fortunes in the cellphone industry, are turning their sights to manufacturing high-density batteries for industrial uses.

2024 Innovation Issue: How automation can be a lifesaver

May 31, 2024 | John Russell

Lilly plans to outfit its Lebanon plants—now under construction—with the latest in robotic, digital manufacturing equipment that will do much of the work that a generation ago was done by humans.

Josef Newgarden was on top of the world after winning the Indy 500. This year feels much different

May 26, 2024 | Associated Press

Newgarden returns to the speedway for Sunday’s race as the defending Indy 500 winner but caught in a cheating scandal that has damaged his pristine reputation and that of Team Penske.

Shutdown of financial middleman Synapse freezes thousands of Americans’ deposits

May 23, 2024 | Associated Press

Synapse filed for Chapter 11 bankruptcy protection in April and has shut down its services to some of its fintech or bank partners, leading to accounts being frozen or showing funds not existing at all.

Fast 25: Northern Lights Locating & Inspection Inc.

May 14, 2024 | Eric Dick

Northern Lights developed its own ticket-management software in 2004. In 2017, the company launched a cellphone app.

U.S. to require automatic emergency braking on new vehicles

April 30, 2024 | Associated Press

The National Highway Traffic Safety Administration unveiled the final version of the new regulation on Monday and called it the most significant safety rule in the past two decades.

IndyCar strips season-opening victory from Newgarden

April 24, 2024 | Associated Press

Team Penske suffered a humiliating moment Wednesday when two of its drivers were disqualified from the season-opening race in St. Petersburg, where they finished first and third. Roger Penske, who owns the team and the IndyCar Series, expressed embarrassment.

Kim Saxton and Todd Saxton: Entrepreneurs don’t need to go it alone.

April 19, 2024 | Kim Saxton / Special to IBJ and Todd Saxton / Special to IBJ

Forbes has ranked Indiana in the top two states for starting a business for the last few years. We have so many great resources to help people getting started.

Homebuyers face quandary: To wait or not to wait for lower mortgage rates

April 11, 2024 | Associated Press

Combined with a nearly 44% increase in the national median sale price of previously occupied homes between 2019 and 2023, elevated mortgage rates have made buying a home less affordable for many Americans.

U.S. says recent Microsoft breach exposed federal agencies to hacking

April 11, 2024 | The Washington Post

The U.S. government said Thursday that Russian government hackers who recently stole Microsoft corporate emails had obtained passwords and other secret material that might allow them to breach multiple U.S. agencies.

Apple has kept illegal monopoly over smartphones, Justice Department says in suit

March 21, 2024 | Associated Press

The Justice Department on Thursday announced a sweeping antitrust lawsuit that alleges Apple has monopoly power in the smartphone market and uses its control over the iPhone to “engage in a broad, sustained, and illegal course of conduct.”

Gannett, McClatchy news chains say they will stop using Associated Press content

March 19, 2024 | Associated Press

The decision by Gannett, the nation’s largest newspaper chain, severs a century-old partnership.

New homes are shrinking as builders look to keep prices down

March 10, 2024 | The Washington Post

After years of prioritizing large homes, the nation’s biggest and most powerful home builders are finally building more smaller ones, driving a shift toward more affordable housing.

Health-care hack spreads pain for hospitals, doctors nationwide

March 3, 2024 | The Washington Post

The fallout is affecting hospitals, doctor offices, pharmacies and millions of patients across the nation, with government and industry officials calling it one of the most serious attacks on the health-care system in U.S. history.

Cisco Systems to lay off more than 4,000 workers in latest sign of tighter times in tech

February 15, 2024 | Associated Press

Cisco foresees sluggish demand for its products and software services during the next three to six months while its customers exercise “a greater degree of caution” amid an uncertain economic outlook, CEO Chuck Robbins said.

BioCrossroads names Vince Wong as new CEO of Indy life sciences group

January 31, 2024 | John Russell

Wong’s appointment comes just a few weeks after BioCrossroads released a report warning that Indiana’s life-science sector is starting to lag the nation in growth and market share and will require a focused effort to stay competitive.

FTC opens inquiry into Big Tech’s partnerships with leading AI startups

January 25, 2024 | Associated Press

The action targets Amazon, Google and Microsoft and their sway over the generative AI boom that’s fueled demand for chatbots such as ChatGPT.

Zionsville-based 120Water lands $43M investment

January 10, 2024 | Susan Orr

The $43 million investment, by far the largest in 120Water’s eight-year history, will help the water management software company pursue some of the big opportunities that lie ahead, CEO Megan Glover says.

Carmakers fight massive air bag recall that could cost $10B

December 20, 2023 | Bloomberg News

Companies like General Motors Co. and Ford Motor Co. said in letters to the National Highway Traffic Safety Administration released Wednesday that there’s no proof that the parts made by ARC Automotive Inc. are defective.

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