Local private equity firm raises $365M for investment fund
Hammond Kennedy Whitney & Co. Inc. already has taken controlling stakes in five firms with money raised in its latest nine-figure investment pool.
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Report links high rent burdens, homelessness in Indianapolis
Marion County has a much higher percentage of households than the rest of the state that rent their homes instead of owning them, according to a report issued this week by the Indiana University Public Policy Institute.
Steve Braun suspends Congressional campaign for health reasons
Steve Braun, a former commissioner of the Indiana Department of Workforce Development and brother of U.S. Sen. Mike Braun, said he was “frustrated and disappointed to have to suspend my campaign at this critical juncture.”
Business economists foresee slowdown in U.S. growth
The nation’s business economists think President Donald Trump’s trade war with China will contribute to a sharp slowdown in economic growth this year and next, raising concerns about a possible recession starting late next year.
IBJ Podcast: The story behind a rising food-drink-tourism empire in Nashville
Podcast host Mason King talks with McCabe, the executive chairman of Hard Truth’s parent company, about how the business has evolved, what makes Hard Truth Hills special and what’s coming in the future.
UAW not happy with latest contract proposal from General Motors
Contract talks aimed at ending a 21-day strike by the United Auto Workers against General Motors have taken a turn for the worse, hitting a big snag over product commitments for U.S. factories, a union official wrote in an email to members.
Butler raises $171M in campaign to support ‘new strategic direction’
The fundraising effort, named “Butler Beyond: The Campaign for Butler University,” hopes to raise at least $250 million overall by May 2022.
UPDATE: Mears picked to replace Curry as Marion County prosecutor
Ryan Mears, who was Terry Curry’s chief trial deputy, has been serving as the interim prosecutor since Curry stepped down Sept. 23. He promised to be an independent leader who works for the good of the Indianapolis community and takes a tough stance on violent crime.
Liz Malatestinic: Attitudes shift toward hiring applicants with criminal records
The practice of hiring people with criminal convictions is not a new concept, but it is gaining steam.
Surprise! Your anesthesiologist was out of network. Now you owe big.
Every day, thousands of Americans get a surprise bill in the mail from a health provider, asking for thousands of dollars for medical services that weren’t covered by the patient’s insurance.
Panelists discuss health care costs, vaping, doctor burnout
Vaping has grown into full-blown health crisis in Indiana, panelists said at an IBJ health care event.
R. Matthew Neff: Bankruptcy court will bring order to opioid liability
The recent lawsuits against manufacturers of opioids (including Purdue Pharma, Johnson & Johnson, Mallinckrodt and others) bear a striking similarity to lawsuits against the tobacco companies a few years ago.
Investors unforgiving after ANGI Homeservices stumbles
Investors in Angie’s List Inc. appeared to have hit the jackpot two years ago after the company merged with rival HomeAdvisor. Unfortunately, that love affair is officially over.
Memory Bank: Bootlegger busted
In this Dec. 9, 1920, photo, three Indianapolis police officers pose with a still and some of the ingredients they confiscated during a raid at a farm a half-mile east of New Bethel (a town in Marion County now called Wanamaker).
EDITORIAL: IndyGo must solve problems quickly to make Red Line buses timely
The Red Line has so far proven fairly popular, averaging some 7,000 riders a day. But there have been frustrations—especially in the consistency and timeliness of the buses’ arrivals and departures.
Sheila Kennedy: Local government matters to our city’s future
Around the globe, cities are actually having a dramatic impact on climate change. In the absence of federal leadership, what cities do—from recycling to energy sources—becomes critically important.
James Shanahan: Media mergers add to gloomy outlook for democracy at home
We certainly didn’t need the recent announcement of the merger between Gatehouse and IndyStar parent Gannett to be apprehensive about the future.
Letter: Ridiculous spin on gun violence
In a crowded venue like a Las Vegas concert, how many people could a guy kill using his fists and feet? Quit insulting the intelligence of Hoosiers.
Letter: Nickel Plate solution is simple
As a central Indiana resident and chairman of the board of Indiana Trails, I am appalled to learn there were no satisfactory bids to do a complete job of removing the Nickel Plate Railroad tracks, ties and rail spikes, and then rebuild the railroad crossings impacted. Yet, the Hoosier Heritage Port Authority still voted to move forward.
BOHANON & CUROTT: The risk Bohanon would take to double his retirement
What if Bohanon had been allowed to invest his Social Security payments in common stocks?