S&P 500 closes out dismal year with worst loss since 2008
The benchmark index fell 0.3% Friday, the last trading day of the year, leaving it down 19.4% for the year.
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Google to pay Indiana $20 million to resolve privacy suit
States began investigating after a 2018 Associated Press story that found that Google continued to track people’s location data even after they opted out of such tracking by disabling a feature the company called “location history.”
The Book 2023 – Printed Version
The Book is an annual compilation of the weekly Top 25 Lists from 2022 featured in IBJ. It contains 63 lists. The Book is the single most comprehensive resource publication on Indiana businesses.
Carmel City Councilor Bruce Kimball dies at age 70
Kimball, who was elected in 2015 and reelected in 2019, suffered a stroke in December 2020 and had not attended city council meetings the past two years.
Mural of poet Etheridge Knight planned to be third in ‘Legends’ series
Late Indianapolis poet Etheridge Knight found success in Black Arts Movement following incarceration in the 1960s.
Area homebuilders see 11th straight month of falling permits
Interest in new homes in central Indiana continued to slow dramatically last month, according to the latest statistics from the Builders Association of Greater Indianapolis.
Congress expands protections for pregnant and nursing workers
Experts say the provisions will help close the gender wage gap and improve conditions for pregnant workers, especially in physically demanding jobs.
Southwest Airlines schedule returns to relative normalcy
The carrier, which had canceled thousands of flights every day this week after a winter storm last weekend, reported fewer than 40 cancellations early Friday. That was still more than United, American and Delta combined
Plymouth-based SIMBA Chain lands 20-year government contract
SIMBA Chain, which helps customers implement blockchain technology, recently became a preferred vendor for the federal government. This means the company can do business with any federal government agency and can more easily work with other government vendors on projects.
Performance Racing Industry revs up its political presence
One of Indianapolis’ largest annual trade shows is working to generate more money for its political action committee and pushing for legislation aimed at curbing environmental restrictions on converting street-legal vehicles to competitive race cars.
2022 Newsmaker: Ozdemir’s flurry of projects includes plans for downtown stadium district
Ersal Ozdemir—the real estate developer who brought professional soccer to Indianapolis—has married his two passions in a proposed $1 billion mixed-use project planned for the Diamond Chain manufacturing site downtown.
2022 Year in Review: KAR sells off physical auto auction business to Carvana
Carmel-based KAR Auction Services Inc., which has been working to transform itself into a digitally operated company, took a big step toward that goal when it sold its U.S. physical auto auction business to Tempe, Arizona-based Carvana for $2.2 billion in cash.
2022 Year in Review: A year of ups, downs and uncertainty
The stock market dropped in 2022. So did the unemployment rate. Except in Indiana, where in both cases, the numbers crept up.
2022 Year in Review: College Football title game brings dividends
Indianapolis played host to the 2022 College Football Playoff National Championship game on Jan. 10 at Lucas Oil Stadium, bringing more than $156 million to the city in the process.
2022 Year in Review: Cummins acquires Meritor in deal worth $3.7 billion
Meritor, which had 9,600 global employees pre-acquisition, is a leader in electric axle and brake technology.
2022 Year in Review: Prologis acquires Duke
The acquisition of one of Indianapolis’ largest public companies came after months-long negotiations between Duke and San Francisco-based Prologis and broadens the firm’s logistics and industrial holdings in key locations, including Southern California, New Jersey, South Florida, Chicago, Dallas and Atlanta.
2022 Year in Review: Local arts groups faced transition among leaders
The scheduled 2023 exits of Indiana Repertory Theatre co-CEO Janet Allen, Eiteljorg CEO John Vanausdall and Dance Kaleidoscope Artistic Director David Hochoy signal a significant era of transition in local arts leadership. The trio’s on-the-job experience adds up to 86 years: 32 for Hochoy, 27 for Allen and 27 for Vanausdall.
2022 Year in Review: Sale ends era of Emmis Corp. radio stations in Indianapolis
Indianapolis-based Emmis once owned more than 20 radio stations, including properties in New York City and Los Angeles. Emmis, founded in 1980, now owns just two radio stations: an AM contemporary gospel station and an FM affiliate of ESPN, both in New York City.
2022 Year in Review: Russia’s invasion of Ukraine hits home for some Indiana companies
Companies that had done business in Russia had to decide whether to keep doing so, while companies with operations in Ukraine were faced with the challenge of protecting their Ukrainian employees and keeping their businesses functioning.
2022 Year in Review: Brainard won’t seek eighth term as Carmel mayor
His decision means the Hamilton County city will have its first new mayor in more than a quarter-century starting Jan. 1, 2024.