Michael A. Carroll Award: Melangton’s commitment makes community impact
For nearly 40 years of consensus-building and tireless passion to Indianapolis causes, Allison Melangton is the 29th recipient of the Michael A. Carroll Award.
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NICO Corp.’s brain surgery tools gain traction, $12.6M in new funding
After 15 years of coaxing and cajoling the medical community to consider a different way to do brain surgery, NICO co-founder Jim Pearson has numbers to show more surgeons and investors are buying into his vision.
Chatham Arch home built in 1910 offers sophisticated urban living
When Dr. Ed Eppler purchased his then-rundown Chatham Arch home in 2016, he had a big vision for its future. Built in 1910, the brick structure at 628 N. East St. is narrow and deep. Dominated by small rooms and a little galley kitchen, it needed a lot of work. Three original fireplaces were hidden […]
Fed seen aggressively hiking rates again, triggering global recession
Federal Reserve officials will maintain their resolutely hawkish stance next week, laying the groundwork for interest rates reaching 5% by March 2023, moves that seem likely to lead to a U.S. and global recession, economists surveyed by Bloomberg said.
Task force recommends crackdown on bad landlords, more funding to ease housing woes
An interim study committee examining solutions to Indiana’s housing crisis on Thursday approved a lengthy list of recommendations for future legislation.
Central Indiana existing home sales continue downward slide
In Marion County—the most active market in central Indiana—closed sales of existing homes in September were down 16.1% on a year-over-year basis.
Can Democrats put dent in Indiana GOP’s legislative supermajority?
In order to break the Republican supermajority in both chambers, Democrats would need to gain five House districts and six Senate seats in the Nov. 8 election.
Key U.S. inflation gauge stayed at high 6.2% in September
A measure of inflation that is closely monitored by the Federal Reserve remained painfully high last month, the latest sign that prices for most goods and services in the United States are still rising steadily.
Indianapolis-based ed-tech firm Willo acquired by textbook retailer Follett
Follett, an educational services company with about 6,000 employees nationwide, said it plans to keep Willo’s employees, local Indianapolis presence and brand name. Plans also call for expanding Willo’s 15-person staff.
Meijer plans to build smaller-format grocery store on west side of Noblesville
The retail giant plans to build a grocery store and gas station near the northeast corner of the intersection of State Road 32 and Little Chicago Road.
Jim Irsay on mission to spread mental health awareness
The Indianapolis Colts owner, who has publicly battled alcoholism and addiction, has made it a personal mission to help people by breaking down barriers surrounding mental health.
Top Twitter executives fired as Elon Musk takeover begins
Musk became Twitter’s owner late Thursday as his $44 billion deal to take over the company closed, marking a new era for one of the world’s most influential social media platforms.
Biden signs international climate deal to limit refrigerants
More than 130 nations, including China, India and Russia, have formally ratified the agreement, which compels countries to limit the use of hydrofluorocarbons.
Amazon stock tumbles on weaker-than-expected 3Q revenue
The Seattle-based e-commerce behemoth’s weak forecast for the fourth quarter indicates that it expects things to get tougher.
IPS superintendent seeks tax increase to fund school reorganization plan
The tax referendum—which would be on the May 2023 ballot—would increase the median homeowner’s bill by $6 per month, IPS officials said.
Indianapolis low-income housing agency hit by ransomware
Executive Director Marcia Lewis said an investigation by information technology security experts, law enforcement, and the agency’s IT service providers is underway, and the attack was still ongoing as of Wednesday.
Commission recommends new funding model for higher education
The proposed funding model comes from the Commission for Higher Education, which the General Assembly tasked with researching a new formula to cover costs at Indiana’s state colleges and universities.
Musk doesn’t seek ‘free-for-all hellscape’ for Twitter
Elon Musk is telling Twitter advertisers he is buying the platform to “help humanity.” The message posted Thursday on Twitter came a day before Musk’s deadline for closing his $44 billion deal to buy the social-media company and take it private.