Software companies finally made profit a priority in 2023
For much of the last decade, software companies just focused on growing as quickly as possible. That changed in 2023. Profit and operating margin became the industry’s watchwords.
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2023 Year in Review
2023NEWSMAKERS It should be no surprise that David Ricks, CEO of Indianapolis-based Eli Lilly and Co., is IBJ's newsmaker of the year. As you'll read in reporter John Russell's story below, Lilly this year became the world's most valuable publicly traded drug company. Our other eight newsmakers for 2023 come from higher education, politics, sports […]
U.S. initial jobless claims rise to 218,000, more than estimated
The four-week moving average, which offers a clearer picture of the trend, was little changed at 212,000 last week, the lowest since late October.
Carmel to see flurry of completed real estate projects in 2024
Multiple new developments in Carmel are set to open in the coming months, adding to the city’s lineup of real estate projects that combine residential, business and retail spaces.
Meet the new Republican lawmakers in the Indiana General Assembly
It wasn’t an election year for the Indiana General Assembly, but three resignations and the unexpected death of an Indianapolis state senator in 2023 means there will be four new Republican lawmakers at the Statehouse next year.
Mark Cuban says changing NBA landscape led to sale of Mavs to casino families
The high-profile billionaire, who graduated from Indiana University’s Kelley School of Business, will keep a 27% stake in the NBA franchise and maintain control of basketball operations.
Lilly’s soaring stock, Fishers’ innovation park among top 10 life sciences stories of 2023
It was a busy year for the Indiana life sciences community, with a flurry of billion-dollar deals, major announcements, and a few setbacks. Here we present the top 10 stories of 2023—the good, the bad and the ugly—about an industry that is often hailed as a key driver of Indiana’s economy.
Indiana among states urging feds to reconsider nursing home staffing requirements
This fall, the Biden administration unveiled a controversial proposal that would create a staffing requirement, which has faced significant pushback from the nursing home industry.
Nine national education stories that defined 2023
School communities are desperately trying to reduce chronically absent students, struggling with how to spend waning federal COVID relief dollars, implementing new “science of reading” laws, and waffling on how ChatGPT should (or should not) be a part of classrooms.
U.S. labor market seen cooling in 2024, Fed surveys show
U.S. employers expect to hire less in 2024, according to several regional Federal Reserve bank surveys, a trend that’s set to limit wage gains and cool inflation pressures.
Apple Watch sales ban put on hold by U.S. appeals court
An appellate court in Washington, D.C., issued the interim stay Wednesday, a day after Apple sought the delay.
Zent latest state lawmaker to announce departure from General Assembly
The Republican representing House District 51 said Wednesday he will complete his current term but will not seek reelection in 2024. He joins several other GOP legislators who are retiring or resigning.
Judge orders asset freeze for shopping-center owner accused in SEC fraud case
A federal judge in Arizona ordered a freeze on the assets of Jonathan Larmore and his company, ArciTerra, whose holdings include seven Indianapolis-area shopping centers and scores of other properties around the country.
City eyeing big convention year, topped by five major ones
Visit Indy said the city is tracking to have more than 550 conventions, meetings and events in 2024, with many expected to be booked closer to their respective dates.
New York Times sues OpenAI, Microsoft over use of stories used to train chatbots
The suit says OpenAI and Microsoft are advancing their technology through the “unlawful use of The Times’s work to create artificial intelligence products that compete with it.”
Survey: Indiana manufacturers concerned about possible recession in 2024
Respondents to the survey identified persistent inflation, high interest rates, and a continued shortage of workers among the key challenges for the manufacturing industry.
Human remains found at Eleven Park construction site
Developer Keystone Group has discovered “fragments of human remains” at the construction site, on property that was mostly occupied by the city’s first public cemetery in the 1800s.
Arena, city hall among Fishers projects expected to be completed in 2024
The city will have new places to stay overnight and watch a hockey game. Fishers city government will move into a new home, and so will an Italy-based manufacturer.
Summons for Santa Claus: The story behind the Indiana Supreme Court case
Before Santa Claus, Indiana, became a well-known destination for amusement park lovers, two entrepreneurs engaged in a long legal battle that was eventually decided by the state’s highest court.
Auto dealer creates program targeting technician shortage
The National Automobile Dealers Association says the automotive and truck retail industry needs to replace nearly 76,000 techs annually to keep up with retirements and new job demand.
