Indiana attorney general bills state $2,300 for border trip
The state Democratic Party criticized Rokita for spending taxpayer money on what it called a “political trip.”
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House Dems seek probe of Postal Service plan for new mail truck fleet
The plan largely ignores White House calls to replenish the mail-service fleet with electric vehicles and has drawn sharp criticism from the Biden administration, Democratic lawmakers and environmentalists.
Anthem sues former executive over trade secrets
Indianapolis-based health insurer Anthem Inc. is suing a former executive, claiming he stole trade secrets, went to work for a direct competitor, and breached a contract involving restricted stock agreements.
45M Americans expected to bet on March Madness hoops
The American Gaming Association predicted that $3.1 billion will be wagered on this year’s tournament, a figure that includes legal bets as well as those placed with illegal bookies or offshore web sites.
U.S. office buildings face $1.1 trillion obsolescence problem
Office buildings that opened since 2015 recorded more than 51 million square feet of occupancy gains since COVID hit, but vacancies have swelled elsewhere, according to Jones Lang LaSalle.
Oil retreats to about $102 per barrel with focus on Ukraine-Russia talks
A further round of talks between Russian and Ukrainian officials on Monday will focus on discussing a potential ceasefire with an immediate withdrawal of troops and security guarantees, Ukraine negotiator Mykhailo Podolyak said.
Indiana’s unemployment rate continues descent, slipping to 2.4%
However, the state’s labor force participation remains at 61.9%—a record low for at least the last 45 years if one doesn’t count its sudden fall to 60.8% and quick recovery in the first three months of the pandemic.
Federal Reserve to begin risky pursuit of a ‘soft landing’
The Federal Reserve on Wednesday will launch one of the most difficult tasks a central bank can attempt: Raise borrowing costs enough to slow growth and tame high inflation, but not so much as to topple the economy into recession.
A bigger bracket? NCAA transformation could lead to changes
College sports leaders are working to transform the top tier of NCAA athletics, from how Division I should be governed to what should be required of schools to compete at the highest level. And changing the NCAA could lead to changes in its crown jewel event—the Division I men’s college basketball tournament.
Spot Freight plans to add 200 workers, expand office space
With its growing staff, Indianapolis-based logistics firm Spot Freight plans to expand into the recently-renovated Capital Center.
IBJ Podcast: Group recruits IU athletes to help not-for-profits via NIL deals
Host Mason King talks with Cook Group President Pete Yonkman, an organizer of Hoosiers for Good, and the new group’s executive director, Tyler Harris, about how they plan to use name, image, likeness rules to pay athletes to endorse causes.
Indiana legislators passed these education bills in 2022
Indiana lawmakers managed to pack the calendar with education-related legislation this year. Here’s a look at what survived and what didn’t.
Average U.S. gasoline price rises 22% in two weeks, to record $4.43 per gallon
The average price of gasoline at the pump is $1.54 higher per gallon than it was a year ago.
Three teams from Indiana make NCAA men’s basketball tourney
Purdue University (27-7) claimed a No. 3 seed while Indiana University and the University of Notre Dame squeaked into the First Four play-in round.
Uber charging customers new fuel fee for rides, delivery
The surcharge will be in effect for at least 60 days, after which Uber said it will assess the situation.
David Horth out as chief executive at IndyHumane
IndyHumane, which named Chief Financial Officer Jennifer Bedsole as interim CEO, did not provide a reason for the change or say if Horth had resigned or was fired.
Record gas prices are pushing up everyday costs, dampening economic recovery
Economists say the one-two punch of rising prices and the intensifying geopolitical crisis could put the brakes on the rapid rebound and raise the risks of recession.
Court: Duke can’t make customers pay coal-ash cleanup costs
Duke Energy won’t be allowed to make its customers pay the more than $210 million needed to recoup coal-ash cleanup costs after the utility failed to follow the proper steps to recover those expenses, the Indiana Supreme Court ruled.
Next site for Cake Bake Shop is Walt Disney World Resort
The Cake Bake Shop by Gwendolyn Rogers will join restaurants and shops along Disney’s BoardWalk near Orlando, Florida.
City ponders coordinating redevelopment of multiple downtown sites
Roughly 17-1/2 acres of city-owned property in various stages of the redevelopment process have developers chomping at the bit to make their mark on the city’s skyline.
