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Partial Iowa returns put Buttigieg in lead, with Sanders close behind

February 4, 2020

Nearly 24 hours after voting concluded, Iowa Democratic Party officials released a partial vote count that showed Pete Buttigieg leading with 26.9%. Bernie Sanders was in second with 25.1%. Sen. Elizabeth Warren had 18.3% and former Vice President Joe Biden had 15.6%.

Embattled Rep. Forestal won’t seek re-election; city councilor to seek his House seat

February 4, 2020

State Rep. Dan Forestal, a Democrat facing charges of drunken driving and impersonating a public servant, said he will not seek re-election so that he can “focus on my mental health.”

Simon Property holds deal talks with Taubman, sources say

February 4, 2020 | Bloomberg News

The talks come as a wave of retail bankruptcies squeeze mall-oriented real estate investment trusts, putting pressure on the industry to consolidate.

Simon HQ

Tech companies lead U.S. stock rally following global gains

February 4, 2020 | Associated Press

Technology companies and banks led a broad rally for U.S. stocks in midday trading Tuesday following solid gains overseas as China took more steps to soften the financial impact of the virus outbreak.

Cummins sees 4Q sales drop, expects bigger revenue decrease this year

February 4, 2020 | Susan Orr

The Columbus-based engine-maker said it expects sales to drop another 8% to 12% in 2020, it expects its full-year 2020 revenue to decline between 8% and 12%, mostly because of lower truck production in North America, Europe, China and India

Clock ticking for companies that depend on China imports

February 4, 2020 | Associated Press

If much of industrial China remains on lockdown for the next few weeks, Western retailers, auto companies and manufacturers that depend on Chinese imports will start to run out of the goods they depend on.

Century-old Diamond Chain downtown plant with 240 employees set for closure

February 4, 2020 | Susan Orr

New owner Timken Co. plans to consolidate the local plant’s operations in Illinois. Diamond Chain was founded in 1890 as the Indianapolis Chain & Stamping Co., originally to produce chains for the nation’s fast-growing bicycle industry.

Charter operator spending $10M to relocate elementary school to former warehouse

February 4, 2020 | Mickey Shuey

Paramount Schools of Excellence bought the 55,000-square-foot building in the Cottage Home neighborhood for about $3.2 million.

Simon Property’s fourth-quarter performance exceeds expectations

February 4, 2020 | Associated Press

The Indianapolis-based shopping mall giant topped analyst predictions for funds from operations and revenue in the latest quarter.

Simon Headquarters

Tough start for Democrats: Big delay for leadoff Iowa caucus results

February 4, 2020 | Associated Press

The Iowa Democratic Party said Monday night that results from the state’s first-in-the-nation caucus were greatly delayed due to “quality checks” and new reporting rules, an embarrassing complication that added a new layer of doubt to an already uncertain presidential primary season.

State lawmakers send school ‘hold harmless’ bill to governor

February 4, 2020 | Emma Kate Fittes, Chalkbeat Indiana

Schools won’t be punished for low test scores earned during the first two years of the state’s new ILEARN test—a move by state lawmakers Monday that will render schools’ 2019 and 2020 state grades essentially meaningless.

Carmel council members seek answers over hotel’s cost overruns

February 4, 2020 | Kurt Christian

A double-barrel audit may be the next step in scrutinizing why Carmel’s boutique hotel project, The Hotel Carmichael, is about $20 million over its original budget.

Report: First month of Illinois pot sales netted nearly $40M

February 3, 2020 | Associated Press

Despite shortages, Illinois residents bought more than $30.6 million in January, while out-of-state visitor sales totaled $8.6 million. Dispensaries sold more than 970,000 products.

Indiana push for pregnant worker protections gets sidelined

February 3, 2020 | Associated Press

The proposal faced opposition from some business groups, including the Indiana Chamber of Commerce and the Indiana Manufacturers Association.

Indiana Statehouse

Indiana House passes bill to slow utilities from shutting down coal plants

February 3, 2020 | John Russell

The bill’s opponents call the legislation a “coal-bailout bill,” designed to prop up the state’s struggling coal industry just as utilities are preparing to shut down aging coal plants.

Amazon plans new Indianapolis-area distribution facility with up to 1,000 employees

February 3, 2020 | Mickey Shuey

The Seattle-based e-commerce company plans to use a 660,384-square-foot building that’s already under construction for an an “inbound cross dock” center.

Two dozen Indiana hospitals to be fined for high rates of infections, patient injuries

February 3, 2020 | John Russell

Twenty-four Indiana hospitals will be docked by the Centers for Medicare & Medicaid Services—the highest number since the program began six years ago.

Earth Fare grocery chain bagging all of its stores

February 3, 2020

Following a round of closures earlier in the year, the high-end, organic-heavy chain says “challenges in the retail industry” have hindered its ability to pay off debt.

Hamilton County chief deputy treasurer files suit against former coworker, political foe

February 3, 2020 | Kurt Christian

Hamilton County Chief Deputy Treasurer Kim Good is pursuing defamation charges against a former co-worker who claimed Good engaged in nepotism and fired her to cover it up.

Hamilton County chief deputy treasurer files suit against former coworker, political foe

February 3, 2020 | Kurt Christian

Hamilton County Chief Deputy Treasurer Kim Good is pursuing defamation charges against a former coworker who claimed Good engaged in nepotism and fired her to cover it up.

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