Cummins CEO Jennifer Rumsey to become company’s board chair
Rumsey will take over as Cummins board chair on Aug. 1, after former CEO Tom Linebarger steps down from the position.
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Peyton Manning added to Rally innovation conference
Manning is the fourth and final keynote speaker announced for Rally, which is scheduled for Aug. 29-31 at the Indiana Convention Center in downtown Indianapolis.
Pence favors abortion ban even when pregnancies aren’t viable
Former Indiana Gov. Mike Pence, who is running for president, said “I want to always err on the side of life,” in explaining his views on abortion.
ILEARN scores show improvement, but trail pre-pandemic results
Less than a third of Hoosier students passed both the math and English sections of ILEARN, the Indiana Department of Education reported Wednesday.
Inflation eased further in June as economy slowly cooled
A year after inflation soared to the highest level in four decades, price increases are returning closer to normal levels.
Three tax prep firms shared ‘extraordinarily sensitive’ data about taxpayers with Meta, lawmakers say
Their report urges federal agencies to investigate and potentially go to court over the wealth of information that H&R Block, TaxAct and Tax Slayer shared with the social media giant.
New dashboard tracks number of electric, hybrid vehicles registered in Indiana
Among Indiana counties, Marion County has recorded the most electric and hybrid vehicles registered over the last five years, totaling close to 91,000.
Monthly inflation report predicted to show lowest mark in two-plus years
The expected decline in overall inflation over the past 12 months would bring the figure much closer to the Fed’s 2% target and reflect the progress the central bank has made in slowing price acceleration.
Hollywood actors agree to mediation, but strike might be unavoidable
The actors could join the already striking Writers Guild of America and grind the already slowed production process to a halt if no agreement is reached.
Biden plan to cut student loan payments could be in for legal battle
Starting this summer, millions of Americans with student loans will be able to enroll in a new repayment plan that offers some of the most lenient terms ever.
EPA sets stricter limits on hydrofluorocarbons used in refrigerators, air conditioners
A rule announced Tuesday will impose a 40% overall reduction in HFCs starting next year, part of a global phaseout designed to slow climate change.
Walmart spending $108M to expand Indiana distribution center
The expansion will double shipping capacity and add automation technology that the company said will increase the speed with which merchandise gets sent to Walmart stores.
Holcomb taps budget office to fill tax court vacancy
Indiana Office of Management and Budget senior official Justin McAdam will be the state’s next tax court judge, Gov. Eric Holcomb announced Tuesday.
Threats of strike heating up even before UAW begins negotiations with automakers
As the industry undergoes a historic transition from internal combustion engines to EVs, the UAW sees this year’s contract as an opportunity to ensure representation in the industry’s jobs of the future.
BofA hit with $250M in fines, penalties, refunds for fees, fake accounts
Bank of America must reimburse customers more than $100 million and pay $150 million in fines for “double-dipping” on overdraft fees, withholding reward bonuses on credit cards and opening accounts without customer consent.
Judge declines to block Microsoft’s record $69B deal to buy Activision Blizzard
Regulators have been seeking to ax the deal because they say it will hurt competition, but U.S. District Judge Jacqueline Scott Corley ruled the evidence pointed to more consumer access to Call of Duty and other Activision content.
Money-market funds brace for biggest regulatory revamp in years
Conference rooms are being reserved and snacks stockpiled as participants in the $5.5 trillion space await the U.S. Securities and Exchange Commission’s vote Wednesday on rules reshaping the money-market industry for the third time since 2008.
Indianapolis Motor Speedway Museum launches $89M campaign, plans major transformation
The massive overhaul of the 47-year-old museum will require a closure of nearly a year-and-a-half, officials announced Tuesday morning.
IEDC opens South Korea office as East Asian nation expands presence in Indiana
The news comes less than a month after South Korea-based Samsung SDI chose Indiana for the location of a projected $3 billion electric vehicle battery cell plant.
Meta’s Threads tops 100 million users in just 5 days, Zuckerberg says
The app is now among the most used social media platforms in the United States, rivaling even TikTok.