Used-car dealer Byrider cutting 43 employees at its Carmel HQ
The list of employees being eliminated includes personnel in management, finance, facilities, recruitment, marketing, technology and strategy.
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CVS, Walgreens announce opioid settlements totaling $10B
The developments amount to what could be the last round of huge settlements after years of litigation over the drug industry’s role in an overdose crisis that has been linked to more than 500,000 U.S. deaths over the past two decades.
Political spat over responsible investing gets hotter
The political fight is only getting fiercer over whether it’s financially wise or “woke” folly to consider a company’s impact on climate change, workers’ rights and other issues when making investments.
Powell likely to be pressed on how soon Fed will slow hikes
Looming over the Federal Reserve meeting that ends Wednesday is a question of intense interest: Just how high will the Fed’s inflation-fighters raise interest rates—and might they slow their rate hikes as soon as next month?
Musk emerging as Twitter’s chief moderator ahead of midterms
Days after taking over Twitter and a week before the U.S. midterm elections, billionaire Elon Musk has positioned himself as moderator-in-chief of one of the most important social media platforms in American politics.
United pilots reject contract offer as they push for raises
The Air Line Pilots Association said Tuesday that 94% of the nearly 10,000 United pilots who took part voted against a tentative agreement that the union and United reached in June.
Hobby learning tech company planning to add 300 jobs
Indianapolis-based Combined Curiosity LLC said it will be filling technology and data analytics positions for its expanding learning platform.
Lilly shares stumble on lower profit outlook despite solid quarter
Eli Lilly stock has skyrocketed 36% in the past 52 weeks due to strong sales on newer drugs, but the market reacted negatively to its latest forecast.
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.
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.