Senate passes bill to end forced arbitration in sexual assault, harassment cases
The bill would nullify agreements between employees and their employers in which the employees waive their rights to sue in the case of sexual assault or harassment.
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Biden puts focus on drug prices as he tries to revive agenda
Efforts to lower prescription drug costs have long been popular with voters, but bipartisan consensus has proved elusive. It’s unclear if there’s a political path forward for Biden’s plans in Congress.
Jobless claims fall for third straight week
The four-week average for claims, which compensates for weekly volatility, declined by 2,000, to 253,250, after rising for five straight weeks as the omicron variant of the coronavirus spread, disrupting business in many parts of the U.S.
U.S. inflation jumped 7.5% over past year, a 40-year high
The acceleration of prices ranged across the economy, from food and furniture to apartment rents, airline fares and electricity.
Fifth Third Bank puts its name on box offices at the Center for the Performing Arts
For at least the next five years, Fifth Third Bank will be naming-rights sponsor of box offices at Carmel’s Center for the Performing Arts.
Stout’s Shoes plans Carmel comeback in The Signature development
The long-running footwear store will own space below the residential condominiums at the Old Meridian Street location and lease some of it to other retailers.
Cycling legend Major Taylor’s bike returning to Indianapolis for exhibition
The California-based U.S. Bicycling Hall of Fame announced Wednesday that it was loaning the bike to the Indiana State Museum for an exhibit opening in March.
Agencies: Avian flu found in birds at Indiana turkey farm
State officials have quarantined the farm, and its 29,000 turkeys are being euthanized to prevent the spread of the disease, said a spokeswoman for the Indiana State Board of Animal Health.
COVID-19 truck blockade in Canada leads to auto plant shutdowns
The blocked bridge carries 25% of all trade between the two countries, and Canadian authorities expressed increasing worry about the economic effects.
Elements CEO stepping down after 17 years leading credit union
Lisa Schlehuber has served as CEO of Indianapolis-based Elements Financial since 2005. She’ll retire from the role in April, the credit union announced Wednesday.
Indianapolis delays suit against apartment owner, citing interested buyer
The city had been poised to file suit against the owner of troubled Nora-area apartment complex Lakeside Pointe, but is delaying legal action in hopes of a change in ownership.
Design approved for Indiana University’s new School of Medicine building
IU said the 11-story, 325,000-square-foot facility in Indianapolis will be used to address instructional and research needs of programs in the university’s school of medicine.
Cummins to acquire brake manufacturer for $325M
Cummins announced Wednesday that it’s signed an agreement to purchase Connecticut-based Jacobs Vehicle Systems from its current owner for $325 million. The deal is expected to close later this year.
Circle Centre Ideas
The Circle Centre Development Co., a group of 17 companies that own Circle Centre mall, are considering how the mall or the mall property could be rethought. The CCDC has requested proposals from several architectural firms, although it didn’t tell IBJ specifically what it’s looking for. However, we want to know what you think should […]
NBA 2K League relocating main studio from New York to Indianapolis
The league will host teams at its new NBA 2K League Studio at The Pavilion at Pan Am beginning April 20. The studio features two stages, allowing for simultaneous gameplay that the league believes will better serve its online broadcasts.
Pandemic forces delay in fraud trial of former Celadon execs
The criminal case against former Celadon executives Eric Meek and Bobby Peavler had been scheduled to begin on Feb. 22, but the judge has rescheduled the trial because local COVID-19 positivity rates are too high.
Crackdown on incentives proposed after Indiana virtual school controversy
Indiana lawmakers want to tighten restrictions on schools offering incentives to attract students, after an unusual virtual program advertised a $1,700 stipend for school supplies, music lessons and Netflix subscriptions.
House OKs bill easing budget strains on Postal Service
Congress would lift onerous budget requirements that have helped push the Postal Service deeply into debt and would require it to continue delivering mail six days per week under bipartisan legislation the House approved Tuesday.
College athletes advocacy group files unfair labor charges against schools, NCAA
It is the first step in a legal strategy that the group hopes will lead to free-market wages for athletes in the revenue-producing Division I sports, as well as leverage for those athletes to broker a collective bargaining agreement with the NCAA.