Holladay planning $27M apartment project in Fletcher Place by former Milano Inn
The developer expects demand from workers at large corporate campuses nearby, including those for Eli Lilly and Co., Indiana Farm Bureau and Anthem Inc.
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Lilly CFO resigns after ‘inappropriate personal relationship’ with employee
Joshua Smiley, who was Lilly’s second-highest-paid employee, was named CFO in January 2018. Lilly said Smiley also engaged in “inappropriate personal communications” with other employees.
Indiana lawmakers could end school takeovers for test performance
A proposal winning early support in the House would eliminate many of the consequences for poor test performance that typically loom over Indiana public schools.
House Democrats reject plan to curtail $1,400 stimulus payments
Senior House Democrats on Monday night proposed sending $1,400 stimulus payments to Americans with up to $75,000 in annual income, rejecting an earlier plan under consideration to sharply curtail the benefits.
Tesla buys $1.5B in Bitcoin, will accept as payment soon
Tesla is in a unique position to accept digital currencies for payment, since the automaker does not rely on a network of independently owned dealerships to sell its vehicles unlike traditional car companies such as General Motors and Ford.
Buttigieg to quarantine after security agent gets COVID-19
Transportation Secretary Pete Buttigieg said late Monday he was feeling fine with no symptoms and that the agent had no signs of COVID-19 other than testing positive for the virus.
Letter: Support legislation to cut emissions
Upon implementation, carbon emissions would drop by 40% over 12 years, while creating more than 2 million jobs, adding $70-plus billion to our GDP and providing a monthly dividend to all U.S. households—all without introducing a single new regulation.
Mall giant Simon saw profit drop last year due to pandemic
Indianapolis-based Simon said it lost about 20% of its total shopping days last year at its U.S. malls because of government-mandated shutdowns related to the pandemic.
Here’s the latest on the plan for pandemic stimulus checks
There’s conflicting debate about the effectiveness of the direct payments. Most economists support giving more relief to Americans who are struggling to put food on the table or keep their small business from closing.
Indiana Senate votes to override Holcomb’s veto of landlord-tenant bill
If it becomes law, Senate Enrolled Act 148 would prevent all local governments from regulating any aspect of landlord-tenant relationships and would block tenant protections that the city of Indianapolis had put in place last spring.
Roche Diagnostics whistleblower wins $3.6M in settlement agreement
Crystal Derrick, who was a national account manager in Roche’s diabetes division, had accused the company of illegally paying insurance company Humana Inc. for access to certain formularies.
Workers who quit rather than risk COVID on job still hope to collect unemployment
More than 1.5 million people quit their jobs voluntarily because of the pandemic last year and filed for unemployment insurance, according to data from the Department of Labor, more than twice the amount over the same period in 2019.
New variants raise worry about COVID-19 virus reinfections
Evidence is mounting that having COVID-19 may not protect against getting infected again with some of the new variants. People also can get second infections with earlier versions of the coronavirus if they mounted a weak defense the first time, new research suggests.
Minimum wage hike to $15 by 2025 would result in 1.4M unemployed, CBO says
The report comes as senior Democrats debate whether to include raising the federal minimum wage in a budget resolution that is largely designed to help the sputtering economic recovery.
Claddagh Irish Pub closes permanently downtown after exit of Plainfield restaurant
The downtown Claddagh opened in 2000 and was the first location in a chain that at one time numbered as many as 17 locations around the Midwest. Most if not all of its locations have since closed.
Indiana COVID-19 cases hit 4-month low amid increase in deaths
Statewide hospitalizations due to COVID-19 ticked up slightly, from 1,287 on Saturday to 1,292 on Sunday, the first increase since Feb. 1.
T.J. Maxx to reopen downtown Indianapolis store next week
The discount clothing and home-goods store closed during last spring’s pandemic stay-at-home orders, then sustained damage during riots and looting in May. It’s set to reopen Sunday.
IBJ Podcast: Spiffing up downtown Indy before March Madness arrives
Host Mason King talks with Downtown Indy Inc.’s Bob Schultz, Keep Indianapolis Beautiful’s Jeremy Kranowitz and the Arts Council of Indianapolis’ Julie Goodman about the projects and cleanups they have planned.
Former Eli Lilly executive giving seven-figure gift to IU Kelley School of Business
The school announced the seven-figure gift from Derica Rice and Robin Nelson-Rice on Monday. The donation will support the Kelley School’s Consortium for Graduate Study in Management.
State reports 1,764 more COVID-19 cases, 55 deaths
Statewide hospitalizations due to COVID-19 fell from 1,399 on Friday to 1,287 on Saturday, the lowest number since Oct. 11.