In major rebranding, Indianapolis Power & Light changes name to AES Indiana
The name change comes 20 years after AES Corp. bought IPL for $2.2 billion, a move that gave it a foothold in the Midwest.
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Indiana Senate moves bills aimed at law enforcement control
Indiana senators advanced measures Tuesday that would allow police to determine what use of force is reasonable in some cases and would allow the state’s attorney general to appoint special prosecutors to handle criminal cases local authorities decide not to pursue.
Senate OKs bill to limit governor’s emergency orders to 60 days
Republican legislative leaders have generally praised Gov. Erric Holcomb’s handling of the pandemic, but they also say lawmakers should be able to provide input in the decisions when an emergency continues for an extended period of time.
Tech firms say there’s little doubt Russia behind major hack
In the first congressional hearing on the breach, representatives of technology companies involved in the response described a hack of almost breathtaking precision, ambition and scope.
Stock market bounces back from big early losses
The reversal came after after reassuring comments from Federal Reserve Chairman Jerome Powell on inflation and the outlook for growth spurred traders to buy the dip.
New or used? Either way, price hikes squeeze U.S. auto buyers
The price of an average new vehicle jumped 6% between January and December 2020, to a record $40,578, according to data from Edmunds.com. Yet, that increase was nothing next to what happened in the used market.
Fed’s Powell: Recovery incomplete, high inflation unlikely
Federal Reserve Chair Jerome Powell’s comments were in contrast to the increasing optimism among many analysts that the economy will grow rapidly later this year. That outlook has also raised concerns, though, about a potential surge in inflation.
Black Indiana lawmakers seek reprimands after confrontations
The Indiana Black Legislative Caucus called Tuesday for lawmakers who sparked confrontations with Black legislators last week to face reprimands and for all lawmakers to undergo mandatory anti-bias training.
Drug executives: Big jump in vaccine supply coming soon
By the end of March, Pfizer and Moderna expect to have provided the U.S. government with a total of 220 million vaccine doses, up from the roughly 75 million shipped so far.
Indiana Senate passes bill to strip IndyGo funding, prevent rapid bus line expansion
Senate Bill 141 would withhold 10% of local income tax revenue from IndyGo until it meets a private fundraising threshold established in a 2014 law. It also would prevent IndyGo from moving forward with expansion projects, like the Blue and Purple lines, until it secures private funding.
Real Estate Weekly: News notes 02/23/21
These news notes appeared in IBJ’s Real Estate Weekly on Feb. 23, 2021: Briefs: —The Scoop Shack, a combination ice cream shop and artisan boutique, is expected to open this spring at 7002 Lake Plaza Drive in the Avalon Crossing shopping center, just east of Binford Boulevard and south of 71st Street. Owners Nicole Eslinger and Sonja […]
Indiana COVID-19 deaths climb past 12,000 mark
The state said more than 459,000 Hoosiers had been fully vaccinated against COVID-19 as of Tuesday. More than 905,000 had received the first dose of a vaccination.
Cultural Trail secures $1M donation for expansion project
The donation, from the Eli Lilly and Co. Foundation, brings the project’s fundraising total to $27 million. The total project cost is estimated at $30 million.
Fishers-based autism center operator acquired by Baltimore firm
Fishers-based Behavior Analysis Center for Autism, which provides therapy to individuals with autism and other related developmental disabilities, has been sold to Baltimore-based Learn Behavioral Partners, the companies announced.
Glendale continues to evolve with outlots for lease, cosmetic changes, new Culver’s
The owner of Glendale Town Center plans to market three new outlots as part of an ongoing renovation to the property that includes the addition of new tenants to backfill the former Macy’s space.
Tex-Mex restaurant from owners of Tried and True Alehouse opening in Greenwood
Humble Taco and Margarita Bar is set to open Monday in a 4,300-square-foot spot that formerly housed a Stacked Pickle restaurant.
Hoosiers 60-64 now eligible for COVID-19 vaccines
The expansion means an additional 432,000 people are eligible for vaccines. The eligibility pool previously consisted of Hoosiers aged 65 and older, front-line health care workers and first responders.
IBJ launches The Rebound site, email newsletter for NCAA coverage
You can also pre-register for IBJ’s NCAA bracket contest, where you can try to out-pick a number of local celebrities we’ll unveil in the coming weeks (including IBJ’s own “celebrities”—think Eight@8’s Mason King and CEO Nate Feltman).
COVID-19 deaths surpass 500,000 in United States
The COVID-19 death toll in the United States has reached a staggering number that all but matches the number of Americans killed in World War II, Korea and Vietnam combined.
Schools must still give standardized tests this year, Biden administration says
The decision means that schools will have to find ways to safely administer tests to tens of millions of students, many of whom are still learning remotely.