Apartment complex planned near Allisonville and 46th Street
Preliminary site plans filed with the city call for the construction of five new apartment buildings and the retention of a two-story office building on the 8.6-acre property.
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Cummins raises full-year outlook after better-than-expected quarterly results
Indiana-based engine manufacturer Cummins Inc. on Tuesday reported first-quarter revenue and profit that exceeded analyst expectations.
Veteran franchisees bringing Dave’s Hot Chicken chain to Indy
A Fort Wayne-based franchise group that operates 45 Pizza Hut locations, including some in Hamilton and Boone counties, has signed a deal to open 15 Dave’s Hot Chicken locations in Indiana. Most are expected to be in the Indy-area market.
Milestone Business Solutions to add 40 jobs
The company, which operates remotely, said it also will spend $171,500 to establish a physical location in central Indiana in 2022 to help support its growing national customer base.
After year off, Indiana State Fair will return this summer
The Indiana State Fair Commission announced Tuesday that the fair will be July 30 to Aug. 22 but may look a little different to meet health requirements.
Benefits firm First Person Advisors acquired by leading insurance broker
First Person, founded in 1997 by Bryan Brenner, is expected to keep operations in Indianapolis. Under the deal, New York-based NFP Corp. will keep all 55 First Person employees.
FDA expected to OK Pfizer vaccine for teens within week
Officials hope that extending vaccinations to teens will further accelerate the nation’s reduced virus caseload and allow schools to reopen with minimal disruptions this fall.
Carmel City Council OKs $25 million bond with minor modifications
The Carmel City Council approved the issuance of $25 million in tax increment financing bonds Monday after holding eleven public meetings to discuss and evaluate the city administration’s request.
Developers seek financing help for $96M in Carmel residential projects
The developer behind the Proscenium development in Carmel is expanding the project across the street, and an Indianapolis-based developer is planning to dive into the Carmel market with a $78 million project.
Apple, Epic Games face off in court over app store
Apple’s lucrative app store was alternately portrayed as a price-gouging monopoly and a hub of world-changing innovation during the preamble to a trial that may reshape the technological landscape.
Biden quadruples Trump refugee cap after delay backlash
Refugee resettlement agencies have waited for Biden to quadruple the number of refugees allowed into the United States this year since Feb. 12, when a presidential proposal was submitted to Congress saying he planned to do so.
Rental companies buy up used cars as chip crisis deepens
The demand is sending used-car costs soaring. The Manheim Index, which measures prices at wholesale auctions, shows that they’re 52% higher than they were a year ago.
Powell sees need to help most vulnerable in uneven recovery
Federal Reserve Chairman Jerome Powell said that labor force participation had declined 4 percentage points for Black and Hispanic women compared to 1 percentage point for white women and about 2 percentage points for all men.
After a tough year, IU Health reports operating income up 148% in first quarter
The report seems to indicate that the worst of the COVID-19 crisis is over for the state’s largest hospital system, as surgeries and hospital admissions are climbing, and emergency visits are falling. However. the evolving nature of the pandemic makes the future hard to predict.
Google signs deal with WNBA to help champion women’s sports
Twenty-five WNBA games will be televised on ABC and ESPN in celebration of the league’s 25th season, with Google as the presenting sponsor.
Music livestreaming startup Mandolin plans to hire up to 100
Launched last June, Mandolin Software Inc. announced In October it had raised $5 million in seed round capital to fund growth.
EPA to propose phasing down hydrocarbons by 2036
Widely used in refrigeration as well as residential and commercial air conditioning and heat pumps, HFCs were developed as a substitute for chemicals that depleted the Earth’s protective ozone layer.
Bobby Unser, 3-time Indianapolis 500 winner, dies at 87
Unser was one of just 10 drivers to win the 500 at least three times, and he and Rick Mears were the only drivers to win the 500 in three different decades.
Indiana reports 812 new COVID-19 cases, rise in hospitalizations
The state said more than 1.94 million Hoosiers had been fully vaccinated against COVID-19 as of Monday. More than 2.36 million had received the first dose of a two-dose vaccination.
Growth in U.S. manufacturing slowed in April from March high
April was the 11th consecutive month manufacturing has grown after contracting in April 2020, when the country was struggling to deal with the shutdowns caused by a global pandemic.