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Appeals court says some NCAA athletes might qualify as employees under federal wage laws

July 11, 2024 | Associated Press

The court, in the latest challenge to the Indianapolis-based NCAA’s long-held notion of “amateurism” in college sports, said a test should be developed to differentiate between students who play college sports for fun and those whose effort “crosses the legal line into work.”

NCAA HQ

Safe Harbor Policy provides ‘carrot’ for voluntary M&A misconduct disclosures

July 11, 2024 | Daniel Carson, The Indiana Lawyer

To give an added jolt to government efforts to deter criminal misconduct in merger and acquisition transactions, the U.S. Department of Justice unveiled a new Safe Harbor Policy last year geared toward voluntary self-disclosures.

Food companies feel the pain as consumers reject higher prices

July 11, 2024 | The Washington Post

PepsiCo’s and Conagra’s latest quarterly results suggest that consumers frustrated by rising prices are now spending less on established brands, particularly in the snack and soda aisles.

Musical inspired by serial killer H.H. Holmes is back to slay

July 11, 2024 | Dave Lindquist

“White City Murder” is a musical based on a string of murders committed by H.H. Holmes during the Chicago World’s Fair of 1893.

White City Murder

2024 Engage West Central Indiana – Terre Haute

2024 Engage West Central Indiana – Terre Haute

Two new lawsuits allege Greenwood Park Mall shooting could have been prevented

July 11, 2024 | Alexa Shrake, Indiana Lawyer

The lawsuits were filed on behalf of Rosa Gomez, who survived the shooting, and the families of Victor Gomez, Pedro Pineda and Rosa Pineda, all of whom were killed in the mall’s food court on July 17, 2022.

Simon Headquarters

Vera Bradley unveils brand refresh aimed at ‘reinvigoration’

July 11, 2024 | Alex Brown, Inside INdiana Business

The Indiana-based company known for its handbags on Thursday said it is “reinvigorating the business and restoring brand relevance” with the help of actress Zooey Deschanel.

Here’s what’s in the NBA’s upcoming 11-year, $76 billion media rights deal

July 11, 2024 | Associated Press

The NFL remains the top attraction because of its ratings and advertising prowess, but the NBA is a firm second and can command top dollar due to its younger viewers as well as having a ton of content.

New Harmony Project brings together 8 theater companies for PlayFest Indy

July 11, 2024 | Dave Lindquist

Readings of plays are planned at the Phoenix Theatre Cultural Center, Indianapolis Repertory Theatre, Storefront Theatre and Fonseca Theatre.

A.K. Payne

Indy to host every major men’s college basketball championship in 2026

July 11, 2024 | Mickey Shuey

The NCAA on Thursday announced plans to conduct both the Division II and Division III men’s basketball championship games and the semifinals and final of the National Invitational Tournament in Indianapolis, in conjunction with the Division I men’s Final Four.

Inflation cools again, potentially paving way for Fed to cut interest rates soon

July 11, 2024 | Associated Press

The June figures will qualify as another installment of the more good inflation data the central bank has been seeking. Should inflation remain low through the summer, most economists expect the Fed to begin cutting its benchmark rate in September.

Home-furnishings producer plans $62M Whitestown distribution expansion

July 11, 2024 | Daniel Bradley

Safavieh is planning a 601,350-square-foot warehouse on 37 acres at Ambrose Property Group’s Indianapolis Logistics Park Northwest that will eventually employ 60 workers.

Big Car outlines plans for contemporary art museum in ‘Big Tube’ space

July 11, 2024 | Dave Lindquist

The not-for-profit is renovating a 40,000-square-foot former factory near Garfield Park into a center that will also include a performance space, incubator storefronts, art and audio studios and more.

Biden administration awards $325M to upgrade Indiana plants for EV components production

July 11, 2024 | Susan Orr and Associated Press

The grants to Cummins and Stellantis are among $1.7 billion in funding the Energy Department announced Thursday morning.

Is inflation still cooling? Thursday’s report on June prices will provide clues.

July 11, 2024 | Associated Press

Optimism is rising among economists, investors and Federal Reserve officials that U.S. inflation is nearly under control, with the latest report on consumer prices expected to show another month of mild increases.

Congress OKs bill overhauling oversight of troubled federal Bureau of Prisons

July 11, 2024 | Associated Press

Sen. Jon Ossoff, D-Ga., and the bill’s two other sponsors, Judiciary Committee Chair Sen. Dick Durbin, D-Ill., and Sen. Mike Braun, R-Ind., launched the Senate Bipartisan Prison Policy Working Group in February 2022 amid turmoil at the Bureau of Prisons.

Federal regulators fine Citigroup $136M for failing to fix internal control issues

July 10, 2024 | Associated Press

The Federal Reserve and the Office of the Comptroller of the Currency said Citigroup had failed to meet its obligations stemming from a 2020 consent order related to the bank’s risk and control issues.

Costco raises annual membership fees for the first time since 2017

July 10, 2024 | Associated Press

The company disclosed the forthcoming 8% increase in the fee to gain entry into its more than 700 warehouses in the U.S. and Canada as part of a monthly sales report Wednesday.

Former state legislator Eberhart sentenced to prison in casino fraud case

July 10, 2024 | IBJ Staff

Sean Eberhart admitted using his position as a lawmaker “to enrich himself by soliciting and accepting gifts, payments, and other things of value” from Spectacle Entertainment in exchange for “favorable official action.”

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