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Two new lawsuits allege Greenwood Park Mall shooting could have been prevented
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.
Vera Bradley unveils brand refresh aimed at ‘reinvigoration’
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
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
Readings of plays are planned at the Phoenix Theatre Cultural Center, Indianapolis Repertory Theatre, Storefront Theatre and Fonseca Theatre.
Indy to host every major men’s college basketball championship in 2026
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
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
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
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
| 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.
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
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
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
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
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.”
Wells, White vie to for attorney general nod at state Democratic convention
Four others will be seeking a lieutenant governor nomination at Saturday’s event.
Toyota investing in EV charging network Ionna
Ionna, based in Durham, North Carolina, plans to install at least 30,000 charge ports in North America by 2030. Other automakers supporting Ionna include BMW, GM, Honda, Hyundai, Kia, Mercedes-Benz and Stellantis.
Developer plans massive Midwest distribution hub for Sephora
The 746,672 square-foot Sephora facility is a build-to-suit project that will occupy the entire acreage assembled by VanTrust for Avon Landing’s second phase.
Microsoft, Apple will not join OpenAI’s board as regulatory scrutiny grows
In January, the Federal Trade Commission said it would look into whether the investments and partnerships between AI companies and Big Tech are stifling true competition.
