DePauw cutting 73 jobs as part of restructuring effort
DePauw President D. Mark McCoy and Board of Trustees Chairwoman Kathy Patterson Vrabeck said university officials decided employment levels at the college were not financially sustainable.
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KeyBank to close 16 branches in central Indiana
The Ohio-based bank says no employees will lose their jobs, and that the closures are part of a strategic shift to make bankers more nimble and meet the expectations of people accustomed to online transactions.
Indiana Senate approves sports betting, casino moves
The legislation would legalize sports wagering, let horse-track casinos add table games this year as opposed to waiting until 2021 and allow two Gary casinos to move.
Senators grill pharmaceutical CEOs about high drug prices
Tuesday's hearing marks the first time lawmakers have called the industry's top executives to account for rising prices.
U.S. appeals court clears AT&T’s $81B merger with Time Warner
The ruling by the U.S. Court of Appeals in Washington, D.C., came Tuesday in the high-stakes competition case, approving one of the biggest media marriages ever.
Reporter, fill-in anchor departs WISH-TV
Tennessee native Emily Kinzer said her exit after two years with the station and its “Daybreak” morning news program was “bittersweet.”
Bill to help Indy Eleven with stadium, boost funding for CIB passes Senate
The Indiana Senate passed legislation Tuesday morning that would boost funding for Indianapolis’ Capital Improvement Board, keep the Indiana Pacers in town for at least another 25 years and provide support for a dedicated soccer stadium for the Indy Eleven.
Allison Transmission’s sales, profit surge to annual record
Allison Transmission Holdings Inc. saw sales rise 10 percent in the fourth quarter, capping a record year for the Indianapolis-based manufacturer.
Developer plans $30M apartment project at former college site downtown
Milhaus’ 175-unit project, dubbed The Grid, will also include a 180-space parking garage and an enclosed outdoor courtyard with kitchen and lounge areas.
Anthem says bid to save Cigna merger was ‘cut off at knees’
Cigna Corp. officials did everything they could to sabotage a $48.9 billion merger with Anthem Inc., Anthem’s general counsel told a judge Monday.
Troubled Indiana virtual schools poised to lose charters
Two virtual schools were put on notice Monday night that their charters could be revoked after their authorizer alleged that thousands of enrolled students went semesters or sometimes years without earning any credits or even signing up for classes.
Airport sees second straight year of record passenger traffic
Growth in international airline traffic, fuller planes and the addition of 500 flights by Allegiant Air helped led to record passenger traffic at Indianapolis International Airport in 2018.
Council OKs $300K appropriation to assist homeless, panhandling population
The funds will allow the city to start a pilot job program for would-be panhandlers, offering work on projects like graffiti abatement, downtown cleanup or beautification.
New sign ordinance sails to City-County Council approval
The ordinance as originally proposed included a controversial provision that would have reversed the city’s ban on digital billboards, but the provision was removed earlier this month.
Brewery, restaurant to open in Carmel’s Midtown
Fork+Ale House will open in the Allied Solutions building this spring, serving beer, pizza and smoked meats among other items.
Lilly shareholders to vote on ‘near-drowning test’ in animals, other proposals in May
The Indianapolis-based drugmaker is facing calls by a national animal-rights group to end the “forced swim test” in small animals. Two months ago, drugmaker AbbVie said it would drop the test.
Powderkeg lands first round of growth funding
The funding round, the first for Indianapolis-based Powderkeg, was led by Elevate Ventures with participation from Stout Street Capital and tech entrepreneur and investor Scott McCorkle.
Indiana House passes $34.6B budget along party lines
The proposed budget includes an additional $286 million per year requested by the Indiana Department of Child Services and increases K-12 spending slightly more than suggested by Gov. Eric Holcomb.
Rolls-Royce pursues big contract that could boost local jobs by 150
Rolls-Royce announced Monday that it intends to bid on the Air Force’s B-52 bomber re-engining program, which would extend the fleet’s life until 2050.
Proposed sign ordinance to tackle height of freestanding business signs
The ordinance, if passed Monday night, will make several big business-sign changes that some residents say have been flying under the radar throughout the approval process.