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Four members of Newfields’ associate board resign in wake of CEO’s departure
Visit Indy executive Chris Gahl said the Newfields board of trustees has a poor track record of communicating with the board of governors.
Great American Songbook Foundation planning museum north of Palladium
The organization has entered into a preliminary agreement with the city of Carmel to locate the museum on 3.7 acres at the northeast corner of City Center Drive and 3rd Avenue Southwest.
Fishers-based tech firm Formstack hires new CEO
Chris Byers, who had been Formstack’s CEO since 2010, said he came to the realization earlier this year that it was time for him to leave the company.
McDonald’s burger empire set for unprecedented growth with 10,000 new stores
Ahead of a day-long event for investors, the Chicago burger giant said Wednesday that it aims to have 50,000 restaurants in operation worldwide by the end of 2027.
Big bank CEOs warn that new regulations might severely impact economy
The heads of the nation’s biggest banks told Congress there are reasons to be concerned about the health of U.S. consumers—particularly poor and low-income borrowers.
Google ups stakes in AI race with more human-like Gemini
Google took its next leap in artificial intelligence Wednesday with the launch of an AI model trained to behave in human-like ways that’s likely to intensify the debate about the technology’s potential promise and perils.
Actors vote to approve deal that ended strike, bringing relief to union leaders and Hollywood
But the outcome is a major relief for SAG-AFTRA leaders and an entertainment industry that is attempting to return to normal after months of labor strife. And it brings a final, official end to Hollywood labor’s most tumultuous year in half a century, with two historic strikes that shook the industry.
zWorks to open second coworking center in Zionsville
zWorks said the location features open work areas, a large conference room, two private offices and a quiet, reservable room for meetings and calls.
Thousands of Indiana students advance to 4th grade without reading skills, despite state policy
About 96% of students who did not pass the state reading test moved to fourth grade over the last decade, according to a presentation at the State Board of Education meeting on Tuesday.
Trial deciding if JetBlue can buy Spirit—and further consolidate the industry—nears its end
A Justice Department lawyer argued that the deal would push fares higher by 30% and leave fewer options for travelers on a budget.
Farmer sentiment rises in latest barometer, but concerns remain
Ag producers are more optimistic about their financial performance and prospects, according to the latest Purdue University/CME Group Ag Economy Barometer.
Supreme Court signals it will uphold tax on foreign income, leave wealth tax for another day
Conservative and liberal justices voiced concerns that ruling for a couple challenging a provision of the 2017 tax bill would threaten other provisions of the tax code.
Help an Indiana organization with goods on IBJ’s wish list
The following is a list of Indianapolis-area not-for-profits and the things each needs most. Wish List is our effort to help connect not-for-profits with people who can help them. Anyone who wishes to contribute should contact the organization directly.
UPDATE: NCAA president calls for new tier of Division I where schools can pay athletes
NCAA President Charlie Baker is seeking a new tier of Division I in which schools with the most athletic resources can offer unlimited educational benefits, enter into name, image and likeness partnerships with athletes, and directly pay them through a trust fund.
Scarlet Lane Brewing to close two of five locations
Scarlet Lane Brewing announced Monday plans to close tap rooms in the Meridian-Kessler and Kennedy-King neighborhoods.
Fairbanks Foundation launches $10M second phase of College Matters initiative
The second phase will provide funding for up to six public high schools in Marion County to develop their own plans to get more students into college.
State files to dismiss media legal challenge to law enforcement ‘buffer zones’
The state’s highest legal office filed to dismiss a challenge Friday from a group of media entities to the state’s “buffer zone” law, which creates a 25-foot zone around law enforcement officers during certain activities.
Phyllis Armstrong named next CEO of Child Advocates
Armstrong will succeed longtime CEO Cindy Booth, who is retiring after nearly 30 years with the children’s advocacy organization.
CVS to launch reimbursement model to simplify drug pricing
The biggest U.S. drugstore chain aims to make the payment system more transparent by using a formula based on a drug’s cost, a fixed markup, and a fee that reflects the value of the pharmacy services, the company said Tuesday.
