Founders, employees of Westfield financial firm accused of $10M fraud
Prosecutors allege that the defendants engaged in a 13-year-long scheme to defraud the Small Business Administration.
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Eleven Fifty moves into next gear, enhances accessibility
The coding academy is offering part-time boot camps for the first time, introducing a new way for students to finance tuition, and targeting veterans for its programs.
$3M grant puts Big Car on fast track
The Lilly Endowment is paving the way for the renovation of a 40,000-square-foot vacant factory in the Garfield Park area into artist studios, performance spaces, a public cafe and more.
Biotech comeback: Eli Lilly making renewed push in lucrative field it once pioneered
Lilly expects to soon announce late-stage clinical trial results for two biotech drugs designed to slow the inflammation caused by autoimmune diseases. By the end of the year, it will announce results for a third.
As Circle Centre turns 20, declining performance, anchor woes spur worry
Sales per square foot are down, the building itself is aging, and persuading the lone anchor, Carson Pirie Scott, to stay another three years required generous incentives.
Warnings about broker's tactics went unheeded
Several state employees openly questioned how John Bales' real estate brokerage did business long before the FBI launched an investigation that led to his indictment.
Last Updated Sat., March 23, 2019 - 2:18 PM
Trump blames Fed for holding back economic growth in 2018
In a broadcast interview, Trump said without the Fed's rate hikes last year and moves to trim its bond holdings, the economy would have grown by more than 4 percent.
Report: Great Lakes region warming faster than rest of U.S.
The trend likely will bring more extreme storms while also degrading water quality, worsening erosion and posing tougher challenges for farming, scientists reported Thursday.
Bill would make it harder to change gender on Indiana IDs
Under the proposal, only the submission of a certified, amended birth certificate to the BMV could be used to complete a gender identity change on BMV-issued credentials.
Federal Reserve cool on interest rate hikes in 2019
The monetary policy body on Wednesday left its key interest rate unchanged and projected no rate hikes in 2019, reflecting a dimmer view of the economy as growth weakens in the United States and abroad.
Senate panel OKs compensation for wrongfully convicted
The legislation would generally permit people who are exonerated to receive $50,000 for each year they were wrongfully incarcerated.
Disney closes $71B deal for Fox entertainment assets
Expected to reshape the entertainment landscape, the blockbuster deal puts famous properties including "Cinderella," ''The Simpsons," ''Star Wars," the Pixar movies, the X-Men and the original Marvel cinematic universe all under one corporate roof.
Danica Patrick to join NBC's Indy 500 team
No longer a professional racer but still one of the sport's best-known figures, Patrick will be a studio analyst on race day for the network's inaugural coverage in May.
Study: Graduation rates for men's NCAA teams trail women's squads
The study also found a significant but shrinking gap in graduation rates between black and white men's players.
Senate approves bill making state superintendent appointed post
Beginning in 2021, the Indiana Department of Education will be led by a secretary of education.
NCAA can't keep tournament games away from legal gambling
The Indianapolis-based NCAA is preparing for its first basketball championships since the Supreme Court allowed legal sports betting to expand. Its board of governors will be considering new gambling policies at its next several meetings.
Indiana military academy to close after 135 years
A private military preparatory school in northern Indiana will close after 135 years due to ongoing budget shortfalls and dwindling enrollment, officials said.
Court: Indiana cities subject to $5 cap on rental fees
The state's highest court ruled that exemptions on annual rental property registration fees were unconstitutional.
Police question authenticity of not-for-profit's fundraising
Police departments in at least four states have raised concerns about an Indianapolis-based not-for-profit, alleging the group conducts fundraising scams targeting vulnerable people under the guise of raising money for law enforcement.
Indiana base preparing for 90,000 to attend air show
Businesses near the Grissom Air Reserve Base in north central Indiana already are gearing up for its air show later this year.
Fed set to signal no expectation of rate hikes anytime soon
The message the Federal Reserve is poised to send when its latest policy meeting ends this week is a soothing one. It reflects an abrupt shift in tone since the start of the year.
Indiana's neighbor sees big surge in hemp sales
New annual sales figures solidify Kentucky's reputation as a leader in the comeback of hemp, which was removed from the list of federally controlled substances in last year's federal farm bill.
Facebook says service hindered by lack of local news
The social media giant said it has found that 40 percent of Americans live in places where there weren't enough local news stories to support its new service.
Group with consumer-friendly vibe pushes drugmakers' message
As Congress and President Donald Trump's administration aim to lower prescription drug costs, outside groups like the Alliance for Patient Access are seeking to sway the outcome.
51 women sue USOC for failing to stop Nassar abuse
The U.S. Olympic Committee has tried to remove itself as a defendant in a number of other similar lawsuits, contending it should not be held legally responsible for Larry Nassar's crimes.
U.S. industrial production ticks up 0.1 percent
U.S. industrial production rose in February, as an increase in utilities and mining offset the second straight monthly drop in manufacturing.
Facebook says outages due to 'server configuration change'
The outage is yet another publicity problem for a company already dealing with privacy issues and regulatory probes.
Toyota investing $750M at 5 U.S. plants, creating 600 jobs
It marks yet another expansion of the Japanese automaker's U.S. presence, bringing to nearly $13 billion the amount it will spend by 2021.
Indiana to dedicate new state psychiatric hospital
The NeuroDiagnostic Institute on Indianapolis' east side is Indiana's first new psychiatric hospital in more than 50 years.
Lumber Liquidators paying $33M to settle U.S. fraud charges
One of the biggest retailers of flooring products will pay to settle fraud charges by federal authorities who accused the company of falsely saying its Chinese-made laminate flooring met formaldehyde emissions standards.
Ex-Hamilton County addiction doctor loses suit against DEA, Carmel
Law enforcement officials who unsuccessfully brought charges against a Hamilton County addiction treatment doctor accused of over-prescribing opiates have been cleared in a civil lawsuit the doctor filed against them.
SAT, ACT college test makers defend integrity amid scandal
A college entrance exam policy aimed at helping students with disabilities was exploited to enable cheating in what is being described as the biggest school admissions scandal ever prosecuted by federal authorities, according to court papers made public Tuesday.
One case settled in tourist boat sinking that killed 17, including nine from Indiana
The owner of a tourist boat that sank in a Missouri lake and killed 17 people has reached a settlement with relatives of two brothers from Indiana who were among the victims.
Indiana fish farm clears regulatory hurdle for genetically modified salmon
U.S. regulators on Friday gave the green light to salmon genetically modified to grow about twice as fast as normal, but the company behind it may face legal challenges before the fish can be sold domestically.
Duke Energy to create corrective plan for Indiana coal ash ponds
Cleanup options include excavating ponds or capping the ponds and keeping the ash in place. Both methods require steps to be taken to protect the water quality of nearby rivers or lakes.
As budget deficit balloons, will in Washington to address it seems to ebb
The political dynamics that enabled bipartisan deficit-cutting deals decades ago has disappeared, replaced by bitter partisanship and chronic dysfunction.
Indiana budget director resigning to join UIndy
State Budget Director Jason Dudich is expected to work for the state through the end of the legislative session in mid-May.
Women's national soccer team players sue for equal pay
The action comes just three months before the team will defend its title at the Women's World Cup.
Women's forum at NFL Combine opens eyes for candidates, teams
The forum, now in its third year, is designed for "putting high-potential candidates in a room with those who can give them their first opportunities in professional football," according to Samantha Rapoport, the league's senior director of football development.
Hiring slows amid harsh winter, government shutdown
Despite the tepid pace of hiring in February, the government's monthly jobs report Friday included some positive news about average hourly pay and the unemployment rate.
Kroger's investments in future hurting today's bottom line
Kroger's costly modernization plan may eventually help it compete with retailers like Walmart. But in the meantime, it's a big drag on profits.
Ex-Trump campaign boss Manafort sentenced to 47 months
Former Trump campaign chairman Paul Manafort was sentenced Thursday to nearly four years in prison for tax and bank fraud related to his work advising Ukrainian politicians, much less than what was called for under sentencing guidelines.
Kroger shares dive after grocer suffers disappointing quarter
Sales dropped 9.5 percent in the final three months of the year, short of analyst projections.
U.S. productivity shows modest fourth quarter increase
For the full year, productivity rose 1.3 percent, a small improvement from a 1.1 percent gain in 2017. It was the best showing since a 3.4 percent productivity surge in 2010.
Hot U.S. job market coaxing people in from sidelines
A surprisingly strong burst of job growth over the past year has led many economists to wonder: Where are all the workers coming from?
IndyCar steadily regaining momentum as new season gets ready to roll
IndyCar is ready to go racing again after six long months spent solidifying the business side of the series as it executes a five-year plan aimed at continued growth.
Dollar Tree to close up to 390 Family Dollar stores
In central Indiana, there are 48 Family Dollar stores and 38 Dollar Tree stores within 25 miles of downtown Indianapolis.
iPhone sales are falling, and Apple's app fees might be next
A brewing backlash against the rich commissions Apple earns from all purchases and subscriptions made via iPhone apps could undercut the app store, which generates about a third of the company's services revenue.
China says new law will bar demands for technology handover
China will bar government authorities from demanding overseas companies hand over technology secrets in exchange for market share, addressing a key complaint at the heart of the China-U.S. trade dispute.
FDA chief Gottlieb steps down after nearly two years
Scott Gottlieb bucked expectations by pushing the agency to expand its authorities in several key ways, including an unprecedented effort to make cigarettes less addictive by requiring lower nicotine levels .
Dixon hoping to add back-to-back IndyCar titles to ring collection
Scott Dixon's newest IndyCar title defense began Tuesday with some endorsements.
Three get prison in college basketball recruiting scandal
The men were convicted in October of conspiracy to commit wire fraud for funneling illegal payments to families of recruits to the University of Louisville, University of Kansas and North Carolina State University.
With $30M gift, Indiana University renames SPEA after O'Neill
Indiana University has renamed its School of Public and Environmental Affairs after alumnus and former U.S. Treasury Secretary Paul O'Neill.
Big Ten chief Jim Delany stepping down after 31 years in job
Jim Delany, one of the most influential figures in college athletics for three decades, plans to exit as Big Ten Conference commissioner when his contract expires.
U.S. House Judiciary panel launches sweeping Trump probe
The aggressive, broad investigation could set the stage for an impeachment effort.
Kroger plans to widen Visa ban as premium-card fees hurt margins
Kroger Co., the biggest U.S. supermarket chain, plans to widen a ban on Visa Inc. credit cards. And the grocer hasn't ruled out expanding the ban to include all of its stores.
Blogs
Patachou Foundation cooking up new HQ
The space will allow the not-for-profit to provide more meals at the eight local schools it serves, plus add on-site job training for high-school students.
Carmel medical billing firm to build new HQ
Zotec Partners is developing a build-to-suit facility it says will accommodate growth while allowing it to stay in the city.
Indiana to get 162 medical residents from state's two med schools
Nearly 500 fourth-year medical students from Indiana University School of Medicine and Marian University College of Osteopathic Medicine got "matched" Friday with a residency program, and many of them will stay in Indiana to complete the next phase of training.
A&E, etc.
$3M grant puts Big Car on fast track
The Lilly Endowment is paving the way for the renovation of a 40,000-square-foot vacant factory in the Garfield Park area into artist studios, performance spaces, a public cafe and more.
Kite pays $30M for Pan Am Plaza garage, securing vital piece of hotel plan
The plaza has been proposed as the site of a massive development including two hotels and a $120 million expansion of the Indiana Convention Center.
Professional leagues make pitch for official data in sports wagering
The House Public Policy Committee heard roughly five hours of testimony on Senate Bill 552—legislation that touches nearly every aspect of gambling in Indiana—during a hearing on Wednesday.
Disney closes $71B deal for Fox entertainment assets
Expected to reshape the entertainment landscape, the blockbuster deal puts famous properties including "Cinderella," ''The Simpsons," ''Star Wars," the Pixar movies, the X-Men and the original Marvel cinematic universe all under one corporate roof.
More A&E, etc.
FEATURED MAGAZINES AND SUPPLEMENTS
Health Care Heroes
This year's honorees range from a pediatric heart surgeon and a centenarian hospital volunteer to a free medical clinic and a program that matches disabled college students with paid internships.
Forefront
How can Indiana persuade more Hoosiers to vote? Indiana Republican Chairman Kyle Hupfer and state Rep. Carey Hamilton, D-Indianapolis, have some ideas. Plus, columnists take on guns, education, race, mass transit and more.
Forty Under 40
Entrepreneurs, doctors and government officials join executives from banking, manufacturing and not-for-profits on IBJ's annual list of Indy's rising stars. See who made the list and learn more about how they earned their spot on it.
CFO of the Year
IBJ launched its CFO of the Year recognition program in 2008 to spotlight the crucial role that top financial executives play in helping Indiana companies, government agencies and not-for-profits develop strategy and flourish. This year's class is a diverse group that includes CFOs of a city, a hospital, a sports team and a law firm.
PROMOTIONAL SUPPLEMENTS
Heart Health Awareness
In the Heart Health Awareness issue, you'll learn about: the danger sleep apnea poses to your heart, a little-known condition that can cause heart failure, and what you need to be aware of when it comes to women's heart health. You'll also find a "Heart Disease by the numbers" feature and a calendar of heart health events taking place throughout the month of February.
Giving Guide
Where can your time, talent and treasure do the most good? Our 2019 Giving Guide profiles 45 worthy organizations in Central Indiana that need your help.
Executive Gift Guide
From fine jewelry to outdoor adventure, the 2018 Executive Gift Guide is packed with creative ways to say thank you this holiday season.
Breast Cancer Awareness
In the Breast Cancer Awareness issue, you'll learn about a new procedure that eliminates the need for post-surgery radiation and find a "Breast Cancer by the numbers" feature complete with screening guidelines. You'll also find a calendar of breast cancer awareness events and learn about a volunteer opportunity designed to help cancer patients in need survive the disease with their dignity intact.
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