New Vera Bradley Inc. CEO Jackie Ardrey says the company has some “heavy lifting to do in fiscal 2024,” as it reports fiscal full-year and fourth quarter losses. The Fort Wayne-based luggage, handbag, and fashion accessory designer announced a full-year net loss of $59.7 million, compared to net income of $17.8 million during the previous year.... Read More
Charter schools in Indiana could see big gains under the current draft of the next two-year state budget. But the deal could cause long-term losses for traditional public schools, some of which stand to lose millions of dollars needed for teacher raises and other non-classroom expenses.... Read More
In a play to spotlight and advance its efforts with hydrogen fuel cells, battery power and other green technologies, Indiana-based Cummins Inc. has rebranded that part of its business as Accelera by Cummins.... Read More
Jasper-based commercial furnishings company Kimball International is set to be acquired by HNI Corp., a manufacturer of workplace furnishings and residential building products headquartered in Iowa. The cash and stock deal is valued at $485 million.... Read More
A medical technology entrepreneur who is working with the University of Notre Dame IDEA Center is preparing for the commercial launch of a pillow that can improve oxygen flow for patients who struggle with emphysema and COPD. ... Read More
A Chicago-based startup co-founded by an Indiana native is getting a big boost in exposure. Pluie announced Wednesday its self-sanitizing diaper changing tables are being installed in multiple locations throughout Indianapolis International Airport.... Read More
The Indiana Dunes National Park nearly set another record for visitors in 2022. Our partners at The Times of Northwest Indiana report more than 2.8 million visited the park last year, down from the record 3.17 million attendees in 2021.... Read More
Delaware County officials say recent environmental testing near the Industria Center industrial park in Muncie has not revealed widespread contamination above health standards for residential areas. However, county commissioners say testing will continue.... Read More
Columbus-based Cummins will make what it is calling a major announcement on Wednesday. Few details are available, but the manufacturer said it will detail its strategy to "accelerate the transition to a decarbonized future."... Read More
Indianapolis-based Sanctuary Wealth has removed its founder and CEO Jim Dickson for cause, but the financial advisory firm isn’t saying why. Sanctuary disclosed last month that it had appointed an existing board member, Adam Malamed, as CEO effective immediately.... Read More
A Massachusetts-based nonprofit engineering innovation company is expanding into Indiana. Draper on Tuesday announced the opening of a new office at the WestGate@Crane Technology Park in Odon.... Read More
The vice president of U.S. business development and integration for BP says the company wants to ensure the Whiting refinery continues to be a key part of its portfolio. BP is looking to create its own hydrogen hub at the 133-year-old refinery.... Read More
Indianapolis-based Elevate Ventures, a private venture development organization, has released the results of an annual report that provides a year-end assessment of venture capital activity in the state. It shows VC investment topped $1 billion for the second straight year.... Read More
A partnership between Franciscan Health Rensselaer and a Jasper County-based nonprofit is helping to fill a void in the city: a licensed early childhood education center. After a three-year effort, the partners this week announced the opening of Appletree Rensselaer.... Read More
Elkhart-based Thor Industries is reporting fiscal second quarter net income of $27 million, down from $266 million in the same quarter the previous year. CEO Bob Martin said the quarter saw a "significant slowdown" in both sales and production.... Read More
The Purdue University-CME Group Ag Economy Barometer Index dipped five points in February as farmers expressed concern about higher costs for the upcoming planting season, shrinking confidence in future growth of U.S. agricultural exports, and weakening farmland values. ... Read More
The Indianapolis City-County Council on Monday voted unanimously in favor of a proposal that would prohibit most retail sales of cats, dogs and rabbits in the city. The proposed ordinance now heads to Mayor Joe Hogsett, who has 10 days to consider the measure.... Read More
The House version of the proposed budget contains a few interesting standalone items outside of the K-12 funding boost that heavily favors vouchers and ongoing support for the Indiana Economic Development Corp.... Read More
Recent research on the value of a four-day workweek is prompting new conversations. Researchers at two of the leading business schools in Indiana say certain industries should seriously examine the paradigm shift in what is considered a traditional workweek.... Read More
The parent of the Rhythm! Discovery Center in downtown Indianapolis says the interactive drum and percussion museum will be relocating. The Percussive Arts Society said the decision was made after a burst water pipe caused "significant damage."... Read More
