Mullen approaching Nasdaq delisting deadline

A California-based EV manufacturer with a presence in northern Indiana is facing potential delisting from the Nasdaq. Mullen Automotive said this week it is continuing efforts to bring its stock price above the $1.00 bid requirement before a March 6 deadline.... Read More

Direct Connect Logistix hires chief tech officer

Indianapolis-based Direct Connect Logistix Inc. has hired Lance Oberlin as its new chief technology officer. DCL says Oberlin's ability to problem solve and streamline processes will help take the company's capabilities to the next level.... Read More

New event aims to empower female athletes

Fort Wayne-based Parkview Sports Medicine and former Indiana Miss Basketball Ayanna Patterson are teaming up to host a first-of-its-kind event for northeast Indiana. The partners say the event, called the Ayanna Patterson EmPower Forward Weekend, will focus on empowering female athletes and supporting individuals with autism.... Read More

Lilly contributes $1M towards cold chain delivery of meds

Indianapolis-based Eli Lilly and Co. (NYSE: LLY) says it will contribute more $1 million towards the purchase and installation of medical-grade refrigeration units in 17 impoverished nations. Lilly is partnering with Direct Relief, a global humanitarian aid organization, to improve “last mile” delivery of essential medications in low-income regions of the world.... Read More

First Internet Bank to exit consumer mortgage business

Fishers-based First Internet Bank says the downturn in the housing market is prompting its exit from the consumer mortgage business. The bank announced the news as part of its fourth-quarter and year-end 2022 financial report, which was released Wednesday afternoon.... Read More

Indiana Landmarks receives $10M Lilly grant

Indiana Landmarks’ Sacred Places Indiana program is getting a big boost thanks to funding from Indianapolis-based Lilly Endowment Inc. Indiana Landmarks says the program will use the $10 million grant to expand its work to preserve and support historic structures and community congregations.... Read More

Horizon Bank reports full-year, Q4 profits

Michigan City-based Horizon Bancorp Inc. is reporting full-year net income of $93.4 million compared to $87 million the previous year. The parent of Horizon Bank also reports fourth quarter net income of $21.2 million, compared to $21.4 million during the same period a year ago.... Read More

Purdue launches AI forest mapping project

Purdue University researchers are receiving $870,000 from the World Resources Institute to study global forest carbon accumulation rates. The research team, co-led by Purdue's Jingjing Liang, is using the two-year grant to develop an artificial intelligence model that uses satellite and geospatial data points to map local forest growth rates throughout the worldwide forest range.... Read More

Indy restaurants make Yelp’s ‘Top 100’ list

Two restaurants in downtown Indianapolis are ranked in Yelp's "Top 100 U.S. Restaurants 2023" list. The restaurants were submitted by Yelp users and ranked by several factors, including number of submissions, ratings and geographic representation.... Read More

Sweetwater touts record sales

Fort Wayne-based Sweetwater says it recorded pivotal growth and reached significant milestones in 2022 despite economic challenges. The online retailer of music instruments and audio gear said Thursday it reached 9.5% year-over-year revenue growth.... Read More