Carmel-based OpenLane announces new stock ticker symbol
The old ticker symbol is a holdover from OpenLane’s previous name, KAR Auction Services Inc. The new symbol debuts at the open of trading Dec. 26.
Public Companies
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Indiana couple accused of insider trading on $3.7B acquisition
An indictment unsealed this week does not identify the companies involved, but details in the court documents line up with those of Cummins’ 2022 acquisition of Michigan-based Meritor Inc.
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Fishers-based smart-mailbox company Arrive AI set to go public this week
The company, which has developed a smart-mailbox system for drone delivery, said it expects to begin trading on the Nasdaq exchange.
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Emmis Corp. to make another attempt to go private
Emmis Corp. CEO Jeff Smulyan says he believes his fourth pitch to take the Indianapolis-based media company private will be successful.
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IBJ Media’s inaugural list of influential Hoosiers includes CEOs, entrepreneurs, philanthropists
The list, available at Indiana250.com, was compiled by the executives, editors and newsroom staffs at IBJ Media’s three news brands—Indianapolis Business Journal, Inside INdiana Business and Indiana Lawyer—after a monthslong process that included reviewing nominations, researching Indiana organizations and interviewing community leaders across the state.
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Articles
Fishers-based Arrive AI sues former business consultant it alleges stole trade secrets
In its complaint, the company accuses the former consultant of interfering with its business opportunities, including what is described as a potentially multibillion-dollar deal with a large logistics company.
Shutdown stalemate brings US IPO holdouts off the sidelines
The path to going public during the shutdown requires some creativity, as well as the willingness to venture into uncharted territory.
Hillenbrand shares soar after it announces $3.8B acquisition
Hillenbrand Inc., one of Indiana’s largest public companies, is set to become private after being acquired by an investment firm headquartered in Dallas, the company announced Wednesday.
OpenAI now worth $500B, possibly making it the world’s most valuable startup
The valuation reflects high expectations for the future of AI technology and continues OpenAI’s remarkable trajectory from its start as a nonprofit research lab in 2015.
UPDATE: Indianapolis-based ag giant Corteva to split into 2 separate companies
Corteva, one of Indiana’s largest publicly traded companies, plans to split its seed and pesticide businesses into two independent, publicly traded companies by the end of 2026.
Trump says US should do away with quarterly earnings reports
The Securities and Exchange Commission has required publicly traded companies to report on a quarterly basis since 1970.
Security products company Allegion on acquisition spree in 2025
Allegion, whose Americas division is based in Carmel, has completed nine acquisitions so far this year—a significant increase from recent years.
Fishers-based Arrive AI books first-ever revenue in Q2
Fishers-based Arrive AI, which secured its first patent in 2014 and launched as a company in 2019, reported its first-ever revenue during the second quarter, the company announced Thursday.
UPDATE: Elanco shares jump 16% as company raises full-year guidance
The company, which makes vaccines, antibiotics and other animal-health products, said it now expects full-year revenue of between $4.57 billion and $4.62 billion.
Elevance posts first-quarter gains after top rival struggles
Weaker results posted this month by top rival UnitedHealth had raised concerns for others in the sector.
Carmel-based health tech firm to delist from Nasdaq
Syra Health Corp. plans to offer stock on the over-the-counter market after the company failed to meet Nasdaq Stock Market’s price requirements for its shares.
Companies quietly pull back DEI push
Whether out of fear of losing federal funding, a desire to avoid litigation or a reluctance to seem political, organizations are changing the way they talk about diversity—if not outright cutting back on their pro-diversity efforts.
Stocks’ sell-off worsens as Wall Street wonders how much pain Trump will accept for the economy
It was the worst day yet in a scary stretch where the S&P 500 has swung more than 1%, up or down, seven times in eight days.
Calumet subsidiary draws down $782M as part of first Trump-approved energy loan
Montana Renewables said the money will help make it become the biggest producer of sustainable aviation fuel in the world.
IAC approves plan to spin off company once known as Angie’s List
New York City-based media conglomerate IAC, which acquired Indianapolis-based Angie’s List in 2017, announced Monday that it plans to spin off its ownership stake in the company, which now operates as Angi Inc.
Fishers-based Arrive AI files paperwork to go public
Arrive AI, which has developed a “smart mailbox” system for human and drone deliveries, intends to go public via a direct listing on the Nasdaq Global Market.
Indiana-based Berry Global acquired by Swiss packaging giant in $8.4B deal
Amcor, the acquirer, said the deal “brings together two highly complementary businesses to create a global leader in consumer packaging solutions.” Berry is one of the state’s largest public companies.
Indianapolis tech startup Arrive calls off planned merger
Smart-mailbox startup Arrive AI, which in December announced plans to merge with Canada-based Brüush Oral Care Inc. and become a public company, says it has called off the deal.
All eyes are on Nvidia’s stock, so what’s been going on?
Early last week, Nvidia overtook Microsoft as Wall Street’s most valuable public company. Then it fell 13% over three days, its worst such stretch since 2022.