Target to keep stores closed on Thanksgiving for good
Target is the first major retailer to make such a permanent move during the pandemic, and its decision could push other retailers to follow in its path.
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Biden to keep Powell as Fed chair; Brainard gets vice chair
In a second term, to begin in February, Jerome Powell faces a difficult and high-risk balancing act: Inflation has reached a three-decade high, causing hardships for millions of families, clouding the recovery and undercutting the Fed’s mandate to keep prices stable.
Merger between Jet Access Group, Eagle Creek Aviation taking wing
The merged company will employ about 380, including more than 110 pilots and 75 aircraft technicians, and have more than 50 aircraft in its fleet.
Downtown hotel, CIB sue developmental football league for nearly $1.4M
The suits allege the eight-team, quasi-professional league accumulated a bill of $1.1 million during its stay at the Crowne Plaza Union Station and a tab of nearly $235,000 for six games played at Lucas Oil Stadium.
Allegion plans $13M expansion of Schlage operations, 325 new jobs
Allegion said the expansion will not only enhance manufacturing and engineering capabilities in the state, but also expand its information technology and innovation expertise.
IBJ Podcast: Martha Hoover (Part 2 of 2) on how the restaurant industry is broken
Hoover—known for restaurants including Cafe Patachou, Public Greens and Napolese—tells host Mason King that the industry has historically put too much emphasis on quantity and price at the expense of quality, as well as the people making the food.
Cap on drug price hikes for privately insured sparks battle
The main drug industry lobbying group, the Pharmaceutical Research and Manufacturers of America, says inflation rebates would undermine innovation that continues after medicines are approved.
Expect to pay more for Christmas trees, experts say
Experts said tree buyers should expect to pay between 10% and 30% more for both live trees and artificial trees this year and also have a smaller selection to choose from.
Indiana lawmakers to reconvene Nov. 29, look to end COVID-19 orders
Many conservatives have criticized Republican Gov. Eric Holcomb for continuing to extend the monthly public health order, which he has renewed 20 times, although he has signaled he might not to do so again.
Indiana Governor’s Office suite undergoing privately funded renovations
The Holcomb administration hasn’t provided information on contributors to the project or to which entity that money was being given.
Indiana environmental chief leaving for federal agency job
Bruno Pigott is taking a new job as deputy assistant administrator in the U.S. Environmental Protection Agency’s Office of Water.
Indiana COVID-19 hospitalizations up 31% over past two weeks as cases rise
The moving average of daily COVID-19 cases has climbed from 1,660 at the beginning of the month to 2,848, an increase of 71.6%.
Revision pushes Indiana jobless rate further below national mark
Indiana’s unemployment rate has plunged from a high of 17.5% during the spring 2020 coronavirus shutdowns and is nearly a full percentage point lower than any surrounding state.
Renewed Indiana pot legalization push faces GOP opposition
The Republican-dominated Legislature has not taken any action on bills submitted over the past decade for allowing medical marijuana or removing criminal penalties for possessing small amounts of the drug.
Hospitals face big fines for frequent readmissions
For the 10th straight year, the Centers for Medicare & Medicaid Services is using the pressure of lower reimbursements to get hospitals to improve their numbers and cut down on the revolving door of readmissions.
Bohanon & Curott: Dual-family income to single income is not ‘bad’ outcome
The economic principle of revealed preference comes into play: what people do reveals their preferences. In the family’s own estimation, they are better off!
Pete the Planner: Why mid-life can be a rocky time for personal finances
I’ve long thought ages 47 to 53 were the most financially challenging years of a person’s life.
Arts community will ‘keep creating’ into 2022
Thanks to a $500,000 City-County Council allocation made possible through the federal American Rescue Plan Act, the #IndyKeepsCreating initiative launched in 2020 will continue until March.
Indiana to land $8.8 billion from U.S. infrastructure bill
One Indiana project likely to be expedited as a result is widening interstates 65 and 70 to six lanes the full length and breadth of the state.
Under-the-radar developer poised to redefine Lafayette Square neighborhood
Fabio de la Cruz has a plan to transform Lafayette Square Mall and several adjacent properties into a multicultural hub, including a concert center, movie theater, hotel and multifamily housing.
