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Senate vote to protect same-sex marriage reflects years-long political shift

November 29, 2022 | The Washington Post and Associated Press

The Respect for Marriage Act, once repassed by the House and signed by President Joe Biden, will help protect recognition of same-sex marriages, enforced by the U.S. Supreme Court’s 2015 Obergefell v. Hodges ruling, against future legal challenges.

Greenwood man gets 6 years in federal prison for embezzling $14M

November 29, 2022 | IBJ Staff

Investigators say Daniel Fruits used embezzled money to purchase two Ferraris, a Corvette, a show horse, multiple Rolex watches, firearms and high-end escort services.

Thanksgiving air travel lagged 2019 despite rebound in flying

November 29, 2022 | Bloomberg News

Major carriers United Airlines Holdings Inc., Delta Air Lines Inc. and American Airlines Group Inc. said they had relatively smooth operations during the holidays, with only a handful of cancellations.

State asks Lebanon to annex 5,225 acres for LEAP district

November 29, 2022 | Daniel Bradley

The Indiana Economic Development Corp. and 43 Boone County landowners are asking the city of Lebanon to annex the land for a massive research and innovation park.

U.S. consumer confidence falls for second month

November 29, 2022 | Associated Press

A rising number of households are stepping up their use of credit cards—or “buy now, pay later” plans—to keep up with higher prices.

Cyber Monday sales on track to break record despite U.S inflation

November 29, 2022 | Bloomberg News

Shoppers less concerned about COVID-19 returned to stores for more of their shopping, which blunted online sales growth, according to Adobe.

Local firm acquires $104M industrial building on south side

November 29, 2022 | Mickey Shuey

While it’s not clear what the new owner plans to do with the building, the name of the holding company indicates uses as a cold-storage or pharmaceutical facility—or both.

Blue & Co. acquires Indianapolis accounting firm

November 29, 2022 | Alex Brown, Inside INdiana Business

Carmel-based accounting firm Blue & Co. LLC has acquired Alerding CPA Group in Indianapolis.

AG asks Indiana Supreme Court to hear COVID case against Ball State

November 29, 2022 | Casey Smith, Indiana Capital Chronicle

The class-action lawsuit against Ball State University was filed by a student at the school last year. The legal challenge claims Ball State has refused to reimburse students for tuition and fees that were paid for in-person classes and services.

Indiana pension system lost $200M-plus in Russia-Ukraine fallout

November 29, 2022 | Leslie Bonilla Muñiz, Indiana Capital Chronicle

Indiana’s pension system lost $200 million in two months after Russia invaded Ukraine in early 2022, but that’s loose change for a system with $45.8 billion in assets invested all over the world.

Indiana Statehouse

Indianapolis-based tech firm Zylo lands $31.5M investment

November 29, 2022 | Susan Orr

The latest investment is the fourth major round of funding for Zylo, which was founded in 2016 and has raised more than $66.5 million to date. The company helps customers manage their software-as-a-service subscriptions.

Westfield City Council approves term limits despite legal concerns

November 29, 2022 | Daniel Bradley

The ordinance limits the mayor and city council members to two consecutive four-year terms and the clerk-treasurer to three consecutive four-year terms.

bigpic_westfield_051719_bp450.jpg

Powell to set stage for slowing Fed rate hikes amid hawkish tone

November 28, 2022 | Bloomberg News

Chair Jerome H. Powell is expected to this week cement expectations that the Federal Reserve will slow its pace of interest-rate increases next month, while reminding Americans that its fight against inflation will run into 2023.

Biden calls on Congress to head off potential rail strike

November 28, 2022 | Associated Press

A coalition of more than 400 business groups sent a letter to congressional leaders Monday urging them to step into the stalled talks because of fears about the devastating potential impact of a strike.

BlockFi seeks protection as FTX collapse rattles crypto

November 28, 2022 | Associated Press

In a Monday filing for bankruptcy protection in New Jersey, where it is based, BlockFi claimed more than 100,000 creditors and liabilities ranging from $1 billion to $10 billion.

Corteva cutting 1,000 workers globally, including at Indianapolis HQ

November 28, 2022 | John Russell

Corteva Inc., the Indianapolis-based seed and insecticide giant, is cutting 5% of its global workforce, or roughly 1,000 workers, as it reduces its portfolio of products and streamlines its operations.

City to spend $20M on West Washington Street following Blue Line shift

November 28, 2022 | Taylor Wooten

The infrastructure-improvement project is smaller than the $50 million plan that IndyGo dropped after an October board decision to alter plans for the Blue Line rapid-transit bus line on the west side.

Temporary space set up for Lafayette Square Mall tenants

November 28, 2022 | Alex Brown, Inside INdiana Business

Owner Sojos Capital said more than 20 Lafayette Square Mall tenants will set up shop on the first floor of the former Sears building and will not be required to pay rent.

Indiana lawmakers, teacher unions outline education priorities for General Assembly

November 28, 2022 | Casey Smith, Indiana Capital Chronicle

Indiana’s top Republican lawmakers said they plan to prioritize school choice and enact a plan to “reinvent” high school education during the next legislative session. Teacher unions have other priorities.

Statehouse

Purdue, Accenture partner on smart manufacturing

November 28, 2022 | Alex Brown, Inside INdiana Business

Purdue said the company has committed to provide funding to establish the Accenture Smart Factory on the West Lafayette campus as well as the Accenture Smart Manufacturing Scholars Program.

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