Indianapolis investing group bets big on renewable energy
A blank-check company, or SPAC, plans to close early next year on a merger with California-based Energy Vault that will take the company public and give it a cash infusion of $388 million.
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Indiana reports 37 new COVID-19 deaths, uptick in cases
Statewide hospitalizations due to COVID-19 decreased from 1,312 on Wednesday to 1,269 on Thursday.
Muncie-based First Merchants to acquire Michigan bank for $323.5M
First Merchants has agreed to acquire Farmington Hills-based Level One Bancorp, which has 16 Michigan banking offices. The deal is expected to close in the first half of next year.
Pfizer says COVID-19 pill cut hospital, death risk by nearly 90%
Shares of Indianapolis-based Eli Lilly and Co., which makes an antibody treatment for COVID-19 that requires infusions, were down 2.7% in late-morning trading Friday, to $263.76 each.
Mid-North area chosen for 3-year, $3.5M Lift Indy investment program
The initiative will direct $3.5 million to the area to help aid creation of a supportive housing development, an affordable rental housing program, an early childhood education center and a grocery.
Tech startup co-founded by Scott McCorkle secures another $7M in funding
MetaCX’s newest round of fundraising brings its total to $31.5 million, including multiple investments from several venture capital organizations.
U.S. hiring rebounded in October, with 531,000 jobs added
Friday’s report from the Labor Department also showed that the unemployment rate fell to 4.6% last month, from 4.8% in September.
Can better communications, more outreach lift IndyGOP?
Under the leadership of new party chair Joe Elsener, IndyGOP has worked to build a sturdier foundation: rolling out a new website, maintaining a consistent presence on social media, launching a new weekly newsletter and starting a young Republicans Club.
At Pike schools, tensions with labor groups disrupt return to in-person learning
Dual labor disputes have disrupted hopes for a smooth comeback at Pike Township schools this year—and officials have warned families that more cancelations of in-person classes could be possible.
Citing burnout, women have been slow to return to U.S. workforce
A new report illustrates how the pandemic imposed a heavy toll on working women. It found one in three women over the past year had thought about leaving their jobs or “downshifting” their careers.
October jobs report expected to show pickup in hiring
After two disappointing months of hiring, a key question overhanging Friday’s U.S. jobs report for October will be whether companies found more success this time in filling millions of open positions.
Andretti says control issues of F1 team ended Sauber talks
IndyCar team owner Michael Andretti said “control issues at the 11th hour” derailed Indianapolis-based Andretti Autosport’s bid to buy the Alfa Romeo team from Sauber, but he has not given up on his attempt to acquire a Formula One team.
GOP state officials push back on employer vaccine mandate
Republican governors or attorneys general in Alabama, Arizona, Arkansas, Florida, Idaho, Indiana, Iowa, Louisiana, Missouri, Montana, Nebraska, New Hampshire, Oklahoma and South Dakota said Thursday they would file lawsuits against the mandate.
What’s in, and what’s out, as House nears vote on $1.85T Biden bill
President Joe Biden’s now- $1.85 trillion plan to boost social and education programs as well as protect against global warming continues to be fine-tuned by Democrats in Congress with a new goal of completing work before Thanksgiving.
More hotels making galleries part of the guest experience
Many of the art-forward hotels, such as the Art in Denver and the Alexander in Indianapolis, work with local artists to either showcase their portfolio for a specific amount of time or commission one-of-a-kind pieces to display on site indefinitely.
Indianapolis attorney suspended, ordered to refund client’s retainer
Loren Comstock has been suspended from the practice of law for 120 days for failing to provide competent representation and to keep his client reasonably informed about the progress of her federal lawsuit against her former employer and labor union.
Indiana to file lawsuits challenging federal vaccine mandates
Pushback from Indiana’s Republican-led government came just hours after the Democratic administration of President Joe Biden finalized rules for federal vaccine mandates that are set to be enforced starting Jan. 4.
Indiana’s COVID death toll rises by 22
The Indiana State Department of Health on Thursday reported 2,065 more cases of COVID-19, up from 2,024 cases the previous day.
U.S. mandates vaccines or tests for big companies by Jan. 4
Indiana Gov. Eric Holcomb issued a statement Thursday, saying he would challenge the federal order.
Cultural Trail breaks ground on $30 million expansion
The Indianapolis Cultural Trail Inc. is starting work on its 2-mile expansion, the trail’s first extension since it opened in 2013.
