Fishers-based AfterSchool HQ lands $3M seed investment
Fishers-based education-tech firm AfterSchool HQ recently landed $3 million in outside investment, bringing the company’s fundraising total to $4.3 million since its launch in late 2017.
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Democrat-controlled council poised to OK Pan Am Plaza hotel financing
Through interviews with councilors, IBJ found Democrats have the majority needed for the City-County Council to pass a Hogsett administration plan for Indianapolis to publicly finance and own a new downtown convention center hotel.
City-County Council to vote on no-turn-on-red proposal despite state law
The council plans to vote Monday to place no-turn-on-red restrictions at downtown intersections before the effective date of a state law banning the city from doing so. The local proposal includes an amendment designed to further insulate the city from state legislation.
Senate passes debt ceiling bill, sending it to Biden to sign into law
Indiana’s senators, both Republicans, disagreed on the legislation, with one voting against it and the other voting for it.
Holcomb to make 15th international business-development trip
Indiana Gov. Eric Holcomb and Indiana Secretary of Commerce Brad Chambers plan make their third economic development trip to Europe in just over a year, his office announced Thursday.
Don’t store money in Venmo, Cash App or PayPal, regulator says
A federal consumer watchdog on Thursday warned consumers that money kept in payment apps is not automatically insured by the government and could be completely lost if the companies fail.
Senate rejects Biden’s student loan forgiveness program
While President Biden has promised to veto the bill, the vote in the Senate, in which two Democrats and an independent sided with Republicans, shows the divisiveness of the student loan policy and the difficulty of getting any future plan through Congress.
WonderRoad artist Sadie Johnson goes beyond blues to expand her sound
Vocalist-guitarist Sadie Johnson says a blend of funk, Americana, pop and jazz will be heard on her “Natural Distractions” album.
Indy-based Luna Language Services acquired by Philadelphia firm
Luna was founded in 2001 Luna Language Services and provides interpreting and translation services to a client base that includes some of Indiana’s largest employers.
OneZone, Northern Hamilton County Chamber announce merger
The Northern Hamilton County Chamber, which includes Arcadia, Atlanta, Cicero and Sheridan, will keep its identity and branding, the organizations said.
Medicare to expand coverage for new class of costly Alzheimer’s drugs
Groups such as the Alzheimer’s Association have pushed Medicare to cover the new Alzheimer’s drugs—including those cleared on an expedited basis—saying that the FDA should be the final arbiter of safety and efficacy of drugs.
Macy’s cuts full-year outlook in latest sign of retail slowdown
Macy’s is being swept up in a broader pullback in retail spending as consumers feel squeezed by rising prices and higher interest rates.
Salesforce gives forecast for slowing sales growth in push for profit
Shares in Salesforce tumbled Thursday after the software company signaled it isn’t growing as fast as it used to while shifting its focus to generating a bigger profit.
Wave of retirements leaving some U.S. industries desperate to hire
Since 2019, the proportion of retirees in the U.S. population has risen from 18% to nearly 20%—equivalent to about 3.5 million fewer workers. And the trend seems sure to accelerate.
North of 96th roundup: Dry Goods, Ross Dress for Less plan openings
Numerous retailers, restaurants and other businesses have recently opened or are planning new locations in the north suburbs of Indianapolis. Here’s a rundown.
Purdue’s Edey returning to school instead of staying in NBA Draft
National player of the year Zach Edey decided it was the right call to go back to school instead of playing in the NBA.
Former Edison CEO alleges defamation, wrongful termination by school
Nathan Tuttle, the former CEO and executive director of the Edison School of the Arts, is seeking at least $300,000 in damages from the school.
Amazon to pay $30M to settle privacy issues over Alexa, Ring cameras
The Federal Trade Commission voted to file charges in two separate cases Wednesday that could also force the company to delete certain data collected by its popular internet-connected devices.
Fan whose car was damaged by flying tire at Indy 500 to get new ride
The wheel came off with less than 20 laps to go in Sunday’s race when Felix Rosenqvist and Kyle Kirkwood collided. Kirkwood’s left rear tire bounced over the fence and the corner of the grandstand before landing in a parking lot.
