Cook Medical invests in California urology-device company
Cook Medical is leading a $24 million investment round to support a medical-device startup developing a minimally invasive treatment for urinary conditions.
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Comcast to spin off cable networks that once starred for entertainment giant
Like other cable companies, Comcast in recent years has shifted its business emphasis away from traditional cable toward streaming and other sources of revenue.
Ford, facing economic headwinds and weak EV sales, to cut 4,000 jobs in Europe
Ford sales fell 15.3% in the first nine months of the year compared to the same period last year, according to the European Automobile Manufacturers’ Association. The company’s market share shrank to 3% from 3.5%
Target struggles in third quarter despite price cuts, offers tempered holiday outlook
Target’s stock plummeted 21% in morning trading Wednesday after the retailer fell short of Wall Street expectations for the quarter.
Tutoring programs funded by feds face uncertain future in Indiana
Tutoring and intervention programs helped Indiana students recover from COVID-related learning loss. Now the programs—funded by federal COVID relief money—could end if Indiana lawmakers don’t make room for them in the state budget.
Congressional panel urges toughening U.S.-China trade relationship
In its annual report to Congress released Tuesday, the U.S.-China Economic and Security Review Commission called for the first time for ending permanent normal trade relations with Beijing.
Trump’s casting call as he builds out his administration: TV experience preferred
There’s a common trait that President-elect Donald Trump is clearly prizing as he selects those to serve in his new administration: experience on television.
Indiana Legislature kicks off 2025 session with Organization Day
A balanced budget and property-tax relief are among the priorities for state legislators in the Indiana General Assembly.
Securing funds for venture capital a top priority for Indiana tech lobby
An expected tight budget cycle could limit how much lawmakers are willing to designate for existing technical investments—never mind additional requests.
Lennar seeks to build 168 homes at former Balmoral Golf Club in Fishers
The homebuilder has an $80 million plan to build 66 single-family houses and 102 town houses on 44 acres between Allisonville Road and Indianapolis Metropolitan Airport.
Jersey Mike’s sandwich chain acquired by private equity firm for $8B
Jersey Mike’s has nearly 30 locations throughout Indiana, including stores in Indianapolis, Noblesville, Carmel, Greenfield, Zionsville, Anderson, Avon, South Bend, West Lafayette, Fort Wayne and Bloomington.
Volunteers came back to nonprofits in 2023, after pandemic tanked participation
Compared to other adults, people between the ages of 45 and 54 volunteered at the highest rates overall, the survey found, and more women volunteered than men, continuing a long-term trend.
Colorado business seeks tax abatement on Pike Township battery storage project
The proposed battery farm would store electricity during times when there’s excess power on the grid and then discharge the energy back into the grid during times of peak demand.
McLaren’s IndyCar team makes leadership changes as Gavin Ward leaves role as team principal
Arrow McLaren said it will rely on a handful of leadership additions, including former Indianapolis 500 winner Tony Kanaan and former IndyCar race director Brian Barnhart.
$8M townhouse development planned for north-side brownfield
The 20-unit townhouse project will consist of six buildings just south of 22nd Street, across from the development group’s M22 apartment project.
Indiana-based Berry Global acquired by Swiss packaging giant in $8.4B deal
Amcor, the acquirer, said the deal “brings together two highly complementary businesses to create a global leader in consumer packaging solutions.” Berry is one of the state’s largest public companies.
Coalition kick-starts four apprenticeship-focused groups with $1M in grants
Banking, health care, life sciences and advanced manufacturing have already been identified as key industries lacking enough skilled workers in the state and will be the initial focus of high school apprenticeship programs.
Indianapolis entrepreneurs launch AI training firm Pragmatico
Pragmatico, co-founded by Santiago Jaramillo, Rod Feuer and James Paden, offers hands-on workshops to help both beginners and advanced users effectively use AI in their organizations.
Trump naming former Wisconsin Rep. Sean Duffy to be transportation secretary
Duffy would replace Pete Buttigieg, the former presidential candidate and South Bend mayor, who has served in the position since 2021.
City-County Council committee approves billboard regulation changes
The move is part of a compromise after state lawmakers nearly passed a similar provision into law this year.
