Netherlands-based NewCold plans $150M expansion in Lebanon
NewCold said the expanded facility at Lebanon Business Park will be the largest automated cold storage building in the United States.
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Indianapolis sports columnist Bob Kravitz among layoffs at The Athletic
In 2018, subscription sports website The Athletic hired Bob Kravitz as senior staff writer for its Indiana edition.
IU Health readies for large bond sale on major hospital projects
The hospital system confirmed Monday that it priced the bonds at $726 million on June 6 and expects to close on the offering July 6. The bonds will help finance IU Health’s new downtown hospital.
Analysis: More than $400B in COVID-19 relief aid was stolen or wasted
An Associated Press analysis found that fraudsters potentially stole more than $280 billion in COVID-19 relief funding, while another $123 billion was wasted or misspent.
Fishers-based collection agency ordered to pay $1.68M penalty
The Consumer Financial Protection Bureau issued a consent order last week against Fishers-based Phoenix Financial Services over alleged violations of federal debt-collection and credit-reporting laws.
Stixx cigar lounge to take over former Saffron Cafe location
Saffron Cafe, known for colorful murals on multiple exterior walls, served Moroccan cuisine from 2009 until the restaurant closed in 2022.
GM to spend $632M on Fort Wayne Assembly plant upgrades
While no new jobs are being created, the company said the move will help retain the nearly 4,000 employees at the northeast Indiana facility.
People spending less on hotels, flights, restaurants and more
An emerging pullback should be welcome news for the Federal Reserve, which has been taking aggressive steps for more than a year to slow the economy enough to bring down inflation.
IBJ Podcast: Pete The Planner on potential student loan tumult and its wider economic threats
Federal student loan borrowers haven’t been required to make loan payments since March 2020. But the grace period is almost over: Some 44 million borrowers will be required to either begin or continue making payments in September.
Indiana budget regulators requiring state agencies to hold back 2% ‘management reserve’
A memo issued by the State Budget Agency last week says that, despite “our strong financial position,” the state needs “to be mindful of unknown factors.”
Insurers clamping down on doctors who prescribe Ozempic for weight loss
Indianapolis-based Elevance Health, which operates Anthem plans, said that in most cases, it won’t cover Ozempic unless a patient is diagnosed with diabetes and has tried another medication to manage it, but physicians can still prescribe it.
Indiana charter schools could have easier path to acquiring district buildings
The new version of the law targets districts with declining enrollment, such as the South Bend Community School Corp. and Indianapolis Public Schools, which had an average building utilization rate of 60% in 2021-22.
SEC lawsuits against cryptocurrency companies raise questions about industry’s future
The SEC filed lawsuits last week against the world’s biggest cryptocurrency exchanges, Binance and Coinbase, deepening tensions between the government and a volatile industry that has been marred by scandals and market meltdowns.
Bohanon and Horowitz: Debt-limit bill shows compromise still exists
| Cecil Bohanon and John Horowitz
While the recent debt-limit bill did not solve the United States’ long-running fiscal problem, its process gives us a glimmer of hope.
Jalene Hahn: Preparing for the other side of retirement is more than money
Getting ready for retirement financially is a lifelong balancing act between having an enjoyable current lifestyle and preparing to maintain a comfortable lifestyle over a long, uncertain future.
Lilly battling rivals for breast-cancer patients
The Indianapolis-based pharmaceutical giant is spending hundreds of millions of dollars to win over patients with an extensive advertising campaign.
Human resources firms cautiously adopting AI
The growth of artificial intelligence tools and the increasing sophistication of the technology has made AI a target for regulators, especially in hiring.
Local professional teams help kids get leg up on sports
The franchises are leaning heavily into youth sports—hoping to create lifelong fans or even a talent pipeline—by sponsoring recreational leagues, hosting skills camps and clinics, or even creating travel programs.
Haughville pursuing vision to make Belmont Beach permanent park
Community leaders and volunteers are working to turn a site that was once a swimming hole on the White River for Black Indianapolis residents into a year-round destination.
West Terre Haute carbon-capture project viewed as forerunner
By the time it’s expected to come online in 2026, a Wabash Valley Resources fertilizer plant will be able to capture and store up to 1.65 million tons of carbon dioxide annually.
