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.
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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.
Dunham Rubber & Belting acquired by Georgia-based firm
Dunham, a 57-year-old Greenwood-based distributor, fabricator and manufacturer with locations in Shelbyville and Fort Wayne, was purchased by Belt Power LLC.
First Merchants emerges from fair-lending settlement agreement
The bank had been operating under a settlement agreement since 2019, after the U.S. Department of Justice accused the bank of engaging in discriminatory lending practices.
Southwest apologizes, gives customers frequent-flier points
Southwest Airlines canceled more than 15,000 flights between Dec. 22 and Dec. 30, according to tracking service FlightAware. The flight disruptions began with a winter storm that swept across the country.
One dead, one wounded in shooting outside Castleton Square
The shooting occurred just before 8 p.m. outside the state’s largest shopping center, the Indianapolis Metropolitan Police Department said.
Chick-fil-A at Circle Centre Mall closes
A Chick-fil-A location in Circle Centre Mall’s third-floor food court permanently closed on New Year’s Eve after 20 years in the location.
Indiana Medical Licensing Board schedules hearing in ongoing abortion case
The Indiana Medical Licensing Board will take up a complaint next month against an Indianapolis doctor who is at the center of a controversial abortion case.
Taft completes merger with Detroit law firm
Taft is now comprised of more than 800 attorneys across 12 offices in eight primary Midwest markets and the District of Columbia.
NCAA recommendations call for bigger championship events
The NCAA Division I transformation committee is recommending more sport-by-sport governance and allowing 25% of teams in certain sports to compete in championship events.
Blues lounge set to open at Circle Centre in former Burger Study space
On Tuesday, the Alcoholic Beverage Board of Marion County approved the transfer of a beer, wine and liquor restaurant license to lounge owner and operator Larry Jones.
Hogsett releases legislative priorities for 2023 Statehouse session
Indianapolis Mayor Joe Hogsett is asking lawmakers to consider the city’s infrastructure, housing, public safety and public health priorities.
Local firm set to spend up to $42M on posh Greenwood apartments
The five-story, market-rate project has received preliminary approvals from the city’s planning commission to build at 764 Greenwood Springs Drive, just north of the Verge Luxury Flats apartment complex that was completed in 2020.
21st Amendment selling all 20 liquor stores to Indianapolis company
Late entrepreneur Jim James opened his first 21st Amendment liquor store on Michigan Road in the early 1970s.
