Oriental Inn calls its quits after 37 years in business
The owners of the east-side restaurant, which has been shut down since mid-November due to a kitchen fire, have decided to make the closure permanent.
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FDA advisers recommend updating COVID booster shots for fall
An FDA panel voted 19-2 that COVID-19 boosters should contain some version of the super-contagious omicron variant, to be ready for an anticipated fall booster campaign.
Semiconductor chip design center planned for West Lafayette
MediaTek USA announced Tuesday that the center, which is expected to create up to 30 jobs, represents its first partnership with an American university, as well as a new growth model for the company.
Courts asked to reinstate blocked Indiana anti-abortion laws
Indiana’s attorney general argued that after last week’s Supreme Court ruling, those challenging the laws “can claim no constitutional right to an abortion.”
Old National Bank to sell its health savings account business
The deal, expected to close in the fourth quarter, includes about $500 million in client assets held in about 157,000 accounts associated with more than 3,000 employer groups.
Commission says $250M investment needed for Indiana public health
A commission tasked with reviewing Indiana’s public health infrastructure has found spending per capita lags and is set to pitch a significant investment.
Inflation hits state capital, infrastructure projects
Ever-increasing prices at the pump and grocery store checkout line aren’t the only places where Hoosiers can see the impact of inflation—state building projects are also feeling the budgetary strain.
U.S. consumer confidence slumps to lowest level in 16 months
Persistent inflation and rising interest rates have Americans as pessimistic as they’ve been about the future in almost a decade.
Indy area’s largest apartment complex sold in six-property deal
The properties, which total 2,103 units on more than 165 acres, have seen significant rent growth in recent years and likely will see more after renovations by the new owner.
Indiana banking on appeal of free one-year college certificates
In Indiana, people who don’t have college degrees can get the training to become welders, electricians, medical assistants, web programmers, or truck drivers—for free.
Crypto hedge fund Three Arrows Capital in default on $665M loan
The loan default comes at a perilous moment for cryptocurrencies, with investors enduring staggering losses. The market value for all cryptocurrencies stood just below $1 trillion on Monday; seven months ago, that figure approached $3 trillion.
Westfield to remain third-class city after city council rejects move to second class
Westfield failed to become the fourth Hamilton County city to upgrade its class status over the past decade. A move to second class would expand the city council and make other governing changes.
Cook Group sued for ‘unreasonably high fees’ in 401(k) plan
Cook Group, the Bloomington-based maker of medical devices, is being sued by a participant of its 401(k) retirement plan. Cook officials said the company planned to fight the suit.
CICP leader David Johnson to retire after 10 years at helm
Johnson, 69, has been head of CICP since 2012 and, under his leadership, the organization has grown from 30 to 113 people and spearheaded several new strategic projects.
Concierge medical group moves from Indianapolis to Carmel
Priority Physicians’ new facility 12174 N. Meridian St., Suite 300, replaces its original flagship office in Indianapolis.
Supreme Court’s abortion ruling sets off new court fights
The fall of Roe v. Wade shifted the battleground over abortion to courthouses around the country Monday, as abortion foes looked to quickly enact statewide bans and the other side sought to buy more time.
IBJ Podcast: Ryan Vaughn talks sports, tech and whether he might someday run for mayor
IBJ reporter Mickey Shuey (in for vacationing host Mason King) talks with Vaughn about what he’s learned during his eight years as president of the Indiana Sports Corp. and why he’s leaving to take a job in the tech sector.
Airlines aim to shift blame for ongoing flight problems to FAA
Criticism of the government agency could serve as a pre-emptive defense in case airlines again suffer thousands of canceled and delayed flights over the holiday weekend.