Diversified Machine plant to cut 500 jobs in Indiana
A Michigan-based auto parts company plans to cut about 500 jobs at its manufacturing plant in Indiana beginning Monday.
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Frozen food recall covers many stores, several years
It's one of the largest food recalls in recent memory, with well over 400 products sold under more than 40 different brand names at major retailers including Costco, Target, Trader Joe’s and Safeway.
Weeks of rain hamper Indiana’s corn, soybean planting
Agricultural experts say rainy, cool weather has left Indiana’s farmers well behind in the spring rush to plant their corn and soybean crops.
Bayer takeover of Monsanto would further shake up ag industry
The sector is undergoing a wave of consolidation, driven in part by falling crop prices, which have reduced farmers' spending on genetically enhanced seeds. Locally based Dow AgroSciences is merging with DuPont’s ag unit, and ChemChina is buying Syngenta.
Orlando set to hire Vogel as head coach, source says
Former Indiana Pacers coach Frank Vogel Vogel fits what the Magic were looking in a coach. His Pacer teams were usually one of the top defensive clubs in the NBA, finishing in the top six in field-goal defense in each of his five full seasons as head coach.
In dark quarter for retailers, Wal-Mart manages to shine
Surprisingly strong sales at Wal-Mart Stores Inc. and an optimistic outlook from the world's largest retailer lifted a pall that settled over much of the sector in the past two weeks.
UPDATE: Consumer groups ask court to reconsider records ruling
Consumer advocacy groups and professional journalism organizations are asking the Indiana Supreme Court to reconsider a recent decision allowing lawmakers to withhold emails requested under the state's public records law.
Trump’s investments include companies he bashed
Donald Trump has invested in some of the companies that he uses as punching bags on the campaign trail—including the parent of Carrier Corp., according to new financial documents.
Coal mine woes may mean environmental bills for taxpayers
As more coal companies file for bankruptcy, it's increasingly likely that taxpayers will be stuck with the very high costs of preventing abandoned mines from becoming environmental disasters.
Butler basketball coach agrees to contract extension
Butler University men's basketball coach Chris Holtmann has received a one-year contract extension that will keep him with the Bulldogs through the 2021-22 season.
Delany won’t say if ESPN will be part of Big Ten media deal
Big Ten Conference Commissioner Jim Delany expects to announce a new media rights agreement this summer. He just wouldn't say if he expects ESPN to renew its deal.`
Unanimous vote makes Ellspermann leader of Ivy Tech
IBJ first reported Tuesday that former Indiana Lt. Gov. Sue Ellspermann would be voted in as president of the state’s community college system. Wednesday’s formal vote by Ivy Tech’s trustees was 11-0.
Fed raises likelihood of a June interest rate hike
The minutes of their most recent meeting in late April show that Federal Reserve officials widely felt it would be appropriate to raise rates at their June 14-15 meeting as long as hiring and economic growth further strengthened.
Target leads other retail stocks downward on weak sales
Target Corp., which has 30 stores in Indiana, suffered its biggest intraday stock decline since 2008 Wednesday after it reported slowing sales.
Fertilizer firm plans $450M coal-gasification plant conversion
A Connecticut-based company is planning to convert a closed coal-gasification plant in Indiana into an ammonia fertilizer production facility.
Electric cooperative planning more Indiana solar farms
The latest of 10 solar farms that Hoosier Energy Rural Electric Cooperative is developing is planned for 10 acres along Indiana 135 near the Johnson County town of Trafalgar.
Overtime pay set to become reality for more U.S. workers
More than 4 million U.S. workers will become newly eligible for overtime pay under rules to be issued Wednesday by the Obama administration.
Company that runs Hoosier Lottery expects to meet annual goal
The private management company operating the Hoosier Lottery says it expects to sell enough tickets to avoid a penalty for a third straight year but not enough to receive an incentive bonus.
City of Indianapolis plans $126M in construction this summer
City official announced the construction schedule Monday. It includes 60 projects, most of which are street repaving.
Home Depot manages to rise above retail fray
Home Depot, which has eight stores in the Indianapolis area, bucked the trend of many national retailers when it provided its financial outlook Tuesday morning.