U.S. consumers still confident, but slightly less so
U.S. consumer confidence dampened slightly in April but remains high even as inflation continues to cloud optimism about the rest of the year.
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Home furnishings retailer plans to turn DeHaan estate into giant showroom, restaurant
National retailer RH is teaming with a developer to take over Linden House—the 152-acre Indianapolis estate of late businesswoman and philanthropist Christel DeHaan—and turn it into a huge home furnishings showroom, interior design gallery, upscale restaurant, wine bar and outdoor furniture gallery.
White House: Without funding, U.S. will lose out on COVID treatments
Officials are expressing increasing alarm that the U.S. is also losing out on critical opportunities to secure booster doses and new antiviral pills that could help the country maintain its reemerging sense of normalcy.
Record gift to launch new Krannert real estate program at Purdue
The Krannert School of Management at Purdue University has received a nearly $21 million gift from the Dean and Barbara White Family Foundation, the largest gift in the school’s history.
White House seeks more power to counter use of drones in U.S.
The White House on Monday released an action plan that calls for expanding the number of agencies that can track and monitor drones flying in their airspace.
UPDATE: Elon Musk buying Twitter for $44B, plans to privatize company
The outspoken Tesla CEO, who is also the world’s wealthiest person, has said he wanted to buy and privatize Twitter because he thinks it’s not living up to its potential as a platform for free speech.
Walmart: Burned fulfillment center where 2,089 worked to remain closed
Walmart said 957 of the people employed at the facility have accepted new jobs with the company, while 1,132 “have not accepted alternative positions.”
Indiana life sciences companies landed $15B in funding in 2021
The funding included 39 Indiana life-science companies raising $433.5 million last year in venture capital, an increase of almost $200 million compared to 2020, according to a report issued by BioCrossroads.
Report: Simon Property, Brookfield offer to buy Kohl’s for more than $8.6B
Indianapolis-based Simon and Brookfield, which together bought rival department-store chain J.C. Penney Co. out of bankruptcy, have offered $68 a share for Kohl’s, according to people with knowledge of the talks.
GM to offer electrified Corvette as early as next year
GM has set a goal of building only electric passenger vehicles by 2035. It has pledged to have 30 electric vehicle models for sale globally by 2025.
Reports: Twitter in talks with Musk over acquisition bid
Tesla CEO Elon Musk said last week that he had lined up $46.5 billion in financing to buy Twitter, putting pressure on the company’s board to negotiate a deal.
Butler names new sciences building Levinson Family Hall after $10M gift
Levinson Family Hall, which opened to the public in summer 2021, connects existing science building Gallahue Hall to the Holcomb Building, which previously housed the Andre B. Lacy School of Business.
IBJ Podcast: Kevin Lee on broadcasting the Indy 500 and the business of motorsports
Lee talked with host Mason King about his broadcasting career, what it takes to prepare to announce an IndyCar race and how managing a racing team has helped him better understand the sport.
Area homebuilders slowed by lot availability, supply-chain issues
Single-family building permits have fallen on a year-over-year basis for the past three months and in six of the past eight months.
COVID shots still work, but researchers hunting new improvements
COVID-19 vaccinations are at a critical juncture as companies test whether new approaches like combination shots or nasal drops can keep up with a mutating coronavirus—even though it’s not clear if changes are needed.
Fertility benefits grow as companies fight to land, keep workers
Now, at a time when businesses will do just about anything to recruit and retain workers, fertility benefits have gone from novelty to a must-have for many companies.
NAACP calls for action to improve education for Indiana’s Black students
The plan begins with four key steps, including hiring an educational equity officer at the Indiana Department of Education, and making statewide achievement data more accessible to parents and community members.
IU Health, Wunderkind, Market Wagon, RxLightning among winners at Mira Awards
A total of 16 individuals, companies and organizations were named as winners in TechPoint’s annual Mira Awards. Awards were presented at a black-tie gala Saturday night.
IndyCar, Indianapolis 500 announce plans to go green
Among the changes, all tires delivered to the Indianapolis Motor Speedway will be relayed by electric vehicles, and all electricity consumed at the speedway this May will be purchased through 100% renewable energy credits.
IBJ nabs 14 awards—including top honors in four categories—at Best of Indiana Journalism event
IBJ’s sister publication, Indiana Lawyer, won eight awards, including six written in whole or part by reporter Marilyn Odendahl.