Bed Bath & Beyond warns about bankruptcy as sales plummet
“There is substantial doubt about the company’s ability to continue as a going concern,” the retailer said in a statement.
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Andretti partners with General Motors for Cadillac F1 bid
Andretti said in Thursday’s announcement—the culmination of four months of negotiations with General Motors—that the American automaker provides the Andretti effort the additional value rival teams have argued new teams must bring to F1.
FTC proposes rule that would ban noncompete clauses
The FTC proposal is based on a preliminary finding that noncompete clauses quash competition in violation of Section 5 of the Federal Trade Commission Act. Section 5 bans unfair methods of competition.
U.S. labor data surprise as job market runs hotter than forecast
Private payrolls increased 235,000 last month, led by small- and medium-sized businesses, according to data from ADP Research Institute in collaboration with Stanford Digital Economy Lab. The figure exceeded all but one forecast in a Bloomberg survey of economists.
Owners of store that sold baby clothes for adults sue Noblesville officials
My Inner Baby owners claim in the lawsuit that city officials violated their rights by forcing the business to close after it was determined to be a sex shop despite objections from the owners.
Best of CES 2023: Wireless TV, delivery robots and in-car VR
Tech companies of all sizes are showing off their latest products in Las Vegas at CES, formerly known as the Consumer Electronics show.
U.S. auto sales fell 8% last year amid supply-chain woes, high prices
Shortages of computer chips and other parts continued to hobble the U.S. auto industry last year, contributing to vehicle sales dropping to their lowest level in more than a decade.
Speaker fight stagnates as House Republicans fail to find consensus
The House adjourned Wednesday evening after another contentious day in which Republican Kevin McCarthy of California again failed three times to get the necessary 218 votes to take the speaker’s gavel.
Amazon to eliminate more than 18,000 jobs
Eliminating 18,000 workers would be the biggest cut yet for tech companies during the current slowdown, but Amazon also has a far bigger workforce than Silicon Valley peers.
Indiana governor proposes 6% boost for schools next year
Gov. Eric Holcomb’s plan would give K-12 schools their largest funding increase in more than a decade even amid worries about an expected slowdown in the growth of state tax collections.
Letters: GOP claims don’t match actions
This is further proof that the only kind of freedoms Indiana Republicans support are those that align with their ideology and appeal to their wealthy donors.
Fed minutes: Officials cited strong hiring to justify hikes
Overall, the minutes showed that Federal Reserve officials remained determined to keep rates high to quell inflation and have taken little comfort from inflation’s decline from a peak of 9.1% in June to 7.1% in November.
Tech exec Mike Langellier joins High Alpha venture studio
Langellier, who stepped down in May as CEO of Indianapolis-based TechPoint, has joined Indianapolis-based venture studio High Alpha as an operating partner.
New ownership plans to keep Fountain Square Brewing Co. in business
Fountain Square Brewing Co., founded in 2011, is expected to reopen for business after a sale closes in mid-January.
In budget request, Holcomb doubles down on economic development strategy
The funding requests are part of the governor’s ambitious $3 billion “Next Level Agenda,” which calls on state lawmakers to approve historic investments in education, public health and state employee salaries.
U.S. job openings still high in sign of economic resilience
The high number of vacancies suggest the Fed will continue raising its benchmark interest rate at its coming meetings to quell inflation. Those higher rates will also raise the cost of mortgages, auto loans and other consumer and business borrowing.
U.S. manufacturing contracts for a second month, helping ease prices
The Institute for Supply Management’s gauge of factory activity fell to 48.4 last month, the lowest level since May 2020 and down from 49 in November, according to data released Wednesday.
Unresolved NFL schedule creates uncertainty for sportsbooks, fantasy sports sites
Every sportsbook has terms of service that establish how it handles such scenarios, but the fantasy football side of the equation is much trickier to solve.
Salesforce mum on how companywide cuts will affect Indy operations
| IBJ Staff and Associated Press and The Washington Post
The global cloud-computing giant revealed on Wednesday a major restructuring plan that will lay off about 10% of its employees and shrink its real estate footprint.
Health care costs among top Indiana legislative priorities
Hospitals are expected to come under more scrutiny and public health spending will be debated in this year’s Indiana General Assembly.