Amazon to sell $2,350 Astro robot for businesses in bid to boost interest
The new model—designed to work as a rolling security guard—costs $750 more than the consumer version, which launched two years ago.
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Wall Street tapping women, minority-owned banks for billion-dollar bond deals
After being relegated to bit parts for decades, women- and minority-owned investment banks are slowly stepping into larger roles as corporations push their go-to banking partners to team up with diverse firms.
Energy Department tries to boost battery industry with another $3.5B in funding
The Energy Department estimates demand for lithium batteries will increase up to 10 times by 2030.
Study: Letting people work from home boosts revenue growth
The survey is one of the first broad-based looks at how different work arrangements impact corporate performance.
Neighborhood groups set to oppose city’s plan to acquire Broad Ripple Park Family Center
Several Indianapolis neighborhood groups are taking issue with the city’s plan to spend up to $26 million in tax revenue earmarked for neighborhood redevelopment to acquire the new family center.
City-County Council committee advances $37M plan to finance jail demolition, building improvements
If approved, the bonds are expected to pay for the demolition to demolish a former Marion County Jail 1 and renovate portions of the City-County Building ahead of a planned consolidation of city employees from satellite offices.
U.S. House votes overwhelmingly to prevent government shutdown
New Republican Speaker Mike Johnson was forced to reach across the aisle to Democrats when hard-right conservatives revolted against his plan.
IPS board approves new teacher contract with average 3% raises
The contract, which Indianapolis Education Association members voted to ratify last month, bumps starting pay in the district from $50,400 to $51,900 in 2023-24, and raises it again in 2024-25.
Advocates say White House slow to act as millions booted off Medicaid
If trends continue, as many as 30 million people could end up being dropped from Medicaid. The numbers dwarf the Biden administration’s initial projections.
Carmel sanitizing device maker 3Oe Scientific files for bankruptcy
The business makes a hand-sanitizing device called Iggy that kills pathogens with ozone-infused water instead of soap or other chemicals.
Andretti’s Formula One effort boosted by GM plan to supply engines
General Motors said Tuesday it has registered with Formula One’s governing body to become an engine supplier starting in 2028 in what is seen as a huge boost to Michael Andretti’s bid to join the global motorsports series.
Indianapolis officials prepare for $751.6M in bond sales for Signia hotel, convention center projects
The all-in cost for the redevelopment of Pan Am Plaza is now expected to be $751.6 million. The bond sales to cover much of that cost—creating significant long-term debt for the city—are expected to take place this week.
State health care panel adopts final report, targets prior authorizations
The interim Health Care Cost Oversight Task Force unanimously agreed on a final report Monday detailing seven recommended legislative proposals for the upcoming session.
Inflation eased in October in latest sign of cooling economy
The latest monthly report offers a dose of encouragement as the Federal Reserve looks for enough progress to let up on its fight to tame consumer prices and slow the economy.
Five concepts selected for Melon Kitchen accelerator at 16 Tech
The entrepreneurs will receive $5,000 grants and training in business plans, menu preparation, pitching to investors and other subjects.
On second try, Westfield City Council OKs move to second-class city status
The change in status means voters in 2027 will elect a city clerk and two additional city council members—one at-large and another representing a sixth district.
Judge grants IPS exemption from state law in sale of two closed school buildings
Indianapolis Public Schools may sell two closed school buildings without first offering them to charter schools for $1, a Marion County judge ruled on Monday.