Indiana bolsters its rainy day fund, but trails national median
States’ finances recovered more quickly than anticipated after the sharp dip in early 2020 due to the pandemic, bolstered by higher-than-anticipated tax revenues.
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Reich fires offensive coordinator as Colts keep sputtering
Indianapolis’ offense is ranked No. 18 in total yards and has struggled to run the ball most of the season.
U.S. manufacturing nears stagnation as price gauge hits 2-year low
Ten manufacturing industries reported a contraction in October, led by furniture, wood products, paper products and textiles. Eight industries expanded.
TWG planning apartments on former bakery site east of downtown
TWG Development expects to spend $56.5 million to build Bakery Living, a six-story, 201-unit apartment project at 1331 E. Washington St., just east of its redevelopment of a Ford Motor Co. assembly plant.
Shein’s U.S. expansion starts with distribution center in Indiana
The apparel company founded in China is pushing to get its ultra-low priced merchandise on doorsteps more quickly by opening more North American distribution centers, including a major hub in Whitestown.
McLaren plucks away Ganassi sponsor, Kanaan for Indy 500
The tit-for-tat war between Zak Brown and Chip Ganassi took another turn Tuesday when Arrow McLaren SP announced it had signed both a Ganassi sponsor and Tony Kanaan to drive the Indianapolis 500.
U.S. job openings rise to 10.7M in bad news for inflation fight
U.S. job openings rose unexpectedly in September, suggesting that the American labor market is not cooling as fast as the inflation fighters at the Federal Reserve hoped.
Ex-Roncalli counselor appeals ruling in favor of Indianapolis Archdiocese
Michelle “Shelly” Fitzgerald, the former guidance counselor at Roncalli High School who was fired for being in a same-sex marriage, is turning to the 7th Circuit Court of Appeals.
Biden paints oil firms as war profiteers, talks windfall tax
The president suggested he will look to Congress to levy tax penalties on oil companies if they don’t begin to invest some profits in lowering costs for American consumers. The president issued the warning just days before the Nov. 8 midterm elections.
Judge blocks Penguin Random House-Simon & Schuster merger
The judge issued a brief ruling Monday, agreeing with the Justice Department that the joining of two of the world’s biggest publishers could “lessen competition” for “top-selling books.”
California biotech to invest $45M in Indy, hire 64 people
RayzeBio Inc., a private company founded in 2020 in San Diego, said it will invest in improvements and equipment in a former warehouse for e-commerce giant Amazon.com Inc.
Musk floats paid Twitter verification, fires board
Twitter’s new owner fired the company’s board of directors and made himself the board’s sole member, according to a company filing Monday with the Securities and Exchange Commission.
Clock ticking for private equity to spend through tougher times
Rising interest rates, inflation and recession risks have eroded consumer confidence and left buyout firms facing a new reality of higher financing costs and potentially lower returns.
Justices raise doubts on race-conscious college admissions
The future of affirmative action in higher education is on the table as the Supreme Court wades into the admissions programs at the nation’s oldest public and private universities.
Experts perplexed as U.S. workers get way less productive
In the first half of 2022, productivity—the measure of how much output in goods and services an employee can produce in an hour—plunged by the sharpest rate on record going back to 1947, according to data from the Bureau of Labor Statistics.
Hunger and health panel highlights creative solutions to food insecurity
At a forum Monday morning, much of the conversation involved partnerships between localities, not-for-profits, and health systems and their efforts to offer resources and solutions.
Instagram trying to reconnect users locked out of accounts
It was unclear whether the problem was an internal issue or whether the social media site had been hacked.
Salary transparency laws aim to combat pay disparities
Salary transparency laws are being adopted by a small but growing number of cities and states across the country in an effort to address pay disparities for women and people of color.
PAC led by former Indy mayor gives big to pro-charter school candidates
An Indiana political action committee chaired by former Democratic mayor of Indianapolis. In turn, that pro-charter school PAC has become a large contributor to Indiana Republicans.
IBJ Podcast: Ben Lytle on navigating coming disruptions in tech, culture
Speedier advances in cloud and quantum computing. Aligning tech with the human body. Spending more of our time communicating and socializing virtually. The former Anthem CEO breaks down the forces that will change the way we live and work.
