Indiana University Health sees first-quarter gain on higher revenue
The state’s largest hospital system this week reported a “slightly positive” first quarter as operating revenue increased 8% over the same period of 2022.
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City to take over financing of $510M hotel at Pan Am Plaza
Hogsett administration officials said the move was necessary to save the project after Kite Realty Group told the city it couldn’t secure suitable financing for a planned 814-room Signia by Hilton hotel.
Indianapolis ed-tech firm secures $1.45M in state incentives
Ellipsis Education, which formerly operated as Codelicious and currently has 30 employees, plans to hire another 91 people over the next few years. The company, which offers computer science curricula for schools, says school districts’ growing interest in computer classes is fueling its growth.
U.S. adds a solid 253,000 jobs despite Fed’s rate hikes
April’s hiring gain compares with 165,000 in March and 248,000 in February and is still at a level considered vigorous by historical standards.
How a contested GOP gubernatorial primary could help Democrat Jennifer McCormick
Jennifer McCormick, for now the presumptive favorite for the Democratic nomination for governor, could hoard cash while Republicans spend big money to try and win a contested three-way primary election next year.
Shelbyville woman gets two-year sentence for embezzlement
Investigators say the former controller of a Shelbyville company used her position to steal nearly $700,000 from her employer.
Weight-loss brand Jenny Craig to close down operations
The weight loss and nutrition business has shut down after four decades of operation after failing to secure additional financing. Jenny Craig lists three weight-loss centers in Indianapolis.
First Baptist Athletics campaign gets big gifts from Lilly Endowment, real estate firms
More than a dozen major gifts have been made for the youth sports facilities project, with most coming from real estate companies and associated foundations whose leaders have connections to the organization.
Holcomb signs 91 more bills, finishes session without veto
| Associated Press and IBJ Staff
Thursday’s final batch included the new two-year $44 billion state budget that includes a broad expansion of the private school voucher program.
Rev party at IMS gets rhythm from drummer BreezGoldz
Rev, a fundraiser for the Indiana University Health Foundation, is set for Saturday at Indianapolis Motor Speedway.
UPDATE: McCormick faces uphill battle in race for Indiana governor
Jennifer McCormick, the former Republican state superintendent of public instruction who switched to the Democratic Party in 2021, has a long road ahead of her in a deeply red state that hasn’t elected a Democrat to statewide office since 2012.
Westfield forms new sports commission
Mayor Andy Cook said the commission is a natural progression of the city’s sports tourism industry, which has been built around Grand Park Sports Campus.
U.S. productivity declines more than forecast, labor costs climb
Quarterly productivity figures are extremely volatile, but if the latest decline is sustained, it risks keeping inflationary pressures elevated.
Debt ceiling breach could wipe out 8 million jobs, White House says
The White House Council of Economic Advisers compared the potential economic impact of a debt ceiling breach to the 2008 Great Recession, in which economic growth contracts sharply and unemployment surges.
Zionsville to develop nature preserve at former Wolf Run Golf Course site
Plans call for the Carpenter Nature Preserve to have enhanced wetlands, woodlands and prairies, along with boardwalks, a nature-inspired playground and Eagle Creek overlooks.
United plans to hire 15,000, adding to surge in airline jobs
Airlines are trying to avoid a rerun of last year, when they were caught unprepared for a rapid recovery in air travel.
Regulators: Facebook misled parents, failed to guard privacy of children
The Federal Trade Commission on Wednesday proposed sweeping changes to a 2020 privacy order with Facebook—now called Meta. The FTC said the company has failed to fully comply with the order. Meta called the announcement a “political stunt.”
Hate passwords? Google plans to sideline them with passkeys
Passkeys are designed to offer a safer alternative to passwords and texted confirmation codes. Here’s what you need to know.
Scientists warn of AI dangers but don’t agree on solutions
Computer scientists who helped build the foundations of today’s artificial intelligence technology are expressing concerns, but that doesn’t mean they agree on what the dangers are or how to prevent them.
McDonald’s franchisees fined for child labor violations
Federal officials say two 10-year-olds are among the 300 children who worked for three separate franchisees that operate a total of 62 McDonald’s locations across Kentucky, Indiana, Maryland and Ohio.
