Fed set to extend inflation fight with 7th rate hike of 2022
The six rate hikes the Fed has already imposed this year have raised its key short-term rate to a range of 3.75% to 4%, its highest level in 15 years.
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Holcomb holding endorsements to focus on upcoming legislative session
It also remains unclear whether Holcomb will seek a new political office after he concludes his second term as governor.
New penalties for companies that illegally fire workers who unionize
In a big win for labor unions, the National Labor Relations Board ruled on Tuesday to expand the fees and penalties the agency can collect from employers that illegally terminate workers for labor activism.
United places huge order with Boeing to replace aging planes
The massive order—United called it the biggest ever by a U.S. airline for twin-aisle or “widebody” planes—is a bold move for an airline that lost money throughout the pandemic until the middle of this year.
U.S. study: More than half of car crash victims had drugs in system
Although the study authors say the results can’t be used to gauge drug use on the roads nationwide, they say the high number of drivers, passengers and other road users with drugs in their systems is concerning.
Indiana appealing second court decision blocking abortion ban
A second legal challenge that has blocked Indiana’s abortion ban from being enforced could also be headed to the state Supreme Court.
FTX’s Bankman-Fried charged by U.S. for ‘scheme’ to defraud
Bankman-Fried, 30, was arrested Monday in the Bahamas at the request of the U.S. government, which charged him with eight criminal violations, ranging from wire fraud to money laundering to conspiracy to commit fraud.
Purdue hires Illini coordinator Ryan Walters as new football coach
University of Illinois defensive coordinator Walters becomes the fourth-youngest coach in the Bowl Subdivision by joining Purdue as head coach.
Idaho investment firm acquires controlling stake in Sharpen Technologies
Indianapolis-based Sharpen, which was founded in 2011, topped IBJ’s list of fastest-growing private companies last year.
Perry Township Schools superintendent announces retirement
The announcement early Tuesday came a day after the school board adopted his recommendation to end elementary school choice in a controversial vote that spurred parent opposition.
Council committee OKs $16M in TIF funding under new policy
The redevelopment of the former Broad Ripple Kroger and the Fountain Square White Castle could be the first residential projects to receive tax-increment financing from the city without including affordable housing units.
New Stutz owner planning hundreds of apartments by downtown campus
Officials with New York City-based SomeraRoad Inc. told IBJ the company is in the pre-development phase of at least two projects on land adjacent to the multi-building Stutz complex at 1060 Capitol Ave., which is in the midst of a $100 million renovation.
Fusion breakthrough could be energy, climate game-changer
Energy Secretary Jennifer Granholm announced a “major scientific breakthrough” Tuesday in the decades-long quest to harness fusion, the energy that powers the sun and stars.
Key inflation gauge sees smallest monthly rise in more than year
The report, the last of 2022, points to inflation that—while much too high—is beginning to ease.
Supplier plans $75M Kokomo facility to aid EV battery makers
Soulbrain MI, a subsidiary of South Korea-based Soulbrain Holdings, announced Tuesday it will hire 75 employees for the 30,000-square-foot manufacturing facility in Kokomo.
Twitter disbands its Trust and Safety advisory group
The advisory group of around 100 independent civil, human rights and other organizations was formed in 2016 to address hate speech, child exploitation, suicide, self-harm and other problems on the platform.
Lebanon votes to annex 5,225 acres for LEAP district
The Lebanon City Council voted unanimously to approve the second phase of voluntary annexation for the LEAP district, a planned 11,000-acre advanced manufacturing park in Boone County.
Westfield City Council overrides mayor’s veto of term limits
The Westfield City Council on Monday night voted to override Mayor Andy Cook’s veto of a term limits ordinance that some officials believe could lead to lawsuits against the city.
Bird flu found in Indiana snow geese, suspected in turkey flock
Statewide, 10 commercial flocks of turkeys and ducks have tested positive for bird flu this year, the Indiana State Board of Animal Health said.
Perry Township eliminates school choice for elementary students
The Perry Township school board voted on Monday to end school choice for elementary students effective next school year to help alleviate a severe bus driver shortage, despite significant opposition from parents.
