American Cancer Society reports biggest one-year drop in U.S. death rate
Researchers on Wednesday reported the largest-ever one-year decline in the U.S. cancer death rate, a drop they credited to advances in lung-tumor treatments.
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Takata’s new recall of 10M inflators could be last of air bag saga
Takata is recalling 10 million more front air bag inflators sold to 14 different automakers because they can explode with too much force and hurl shrapnel.
Charitable groups for youths land $55M to boost financial stability
The grants from Indianapolis-based Lilly Endowment Inc. range from $1 million to $7.5 million. They’re intended to help establish endowments, strengthen staffing and recruit volunteers and donors.
Macy’s sees some improvement but still closing nearly 30 stores
Macy’s sales at stores opened at least a year fell 0.6% during the November and December period, which was not as bad as most industry analysts had anticipated.
Parking market leader Denison acquires top competitor
Indianapolis-based market leader Denison Parking Inc. on Monday said it acquired EZ Park of Indianapolis Inc., the second largest parking operator in central Indiana.
Horizon Brews to merge bar, classroom and kitchen
Borrowing a concept from Rochester, New York, the facility will bring food, drink and learning together under one roof where Carmel, Noblesville and Fishers meet.
After rejection, Charter Schools USA could shop for charters for local turnaround schools
A month after its bid for charters was rejected by a state authorizer, a not-for-profit with ties to Charter Schools USA appears to be looking for another backer—raising concerns that Indiana law makes it too easy to shop around for a friendly overseer.
Develop Indy: Deals reached in 2019 expected to create 4,000 jobs
Indianapolis’ economic development agency negotiated 67 relocation or expansion projects in 2019, the city announced Tuesday.
Former city controller Qaddoura takes gig at Katz Sapper & Miller
The position was created for former City of Indianapolis Controller Fady Qaddoura, who announced in November that he was leaving his job with the city, where he had worked for four years.
Warren’s new bankruptcy plan could spark a clash with Biden
Sen. Elizabeth Warren is promising to remake the nation’s consumer bankruptcy system if elected president, returning to her political roots while also potentially picking a fight with a top rival for the Democratic nomination, former Vice President Joe Biden.
Presidential candidate Sen. Elizabeth Warren and on Tuesday unveiled a plan she said would make the process of declaring bankruptcy easier and cheaper for many Americans with debts they can’t pay.
Renowned research leader Shekhar leaving IU School of Medicine for Pitt dean’s job
Dr. Anantha Shekhar, a nationally recognized health sciences researcher and entrepreneur, has played a major role in boosting research funding at IU, where he has worked since 1989 in numerous leadership roles.
Feds accuse Community Health of submitting false claims to Medicare
The Justice Department said the financial arrangements were outlined in a whistleblower suit brought by Thomas Fischer, who served as Community Health’s CFO from 2005 until his sudden exit in 2013. In a separate suit, Fischer claimed he was fired in retaliation for questioning possibly illegal practices.
Launch Indy director steps down to open local office for Chicago VC firm
Chicago-based venture capital firm M25 on Tuesday announced the opening of an Indianapolis office and the hiring of Launch Indy Executive Director Katie Birge to open the office.
Holcomb OK with not using state surplus for $50M swine barn
Gov. Eric Holcomb initially proposed spending $291 million from the state’s reserves on five major capital projects, including the new barn at the Indiana State Fairgrounds. But a bill recently filed by House Ways & Means Chairman Tim Brown left it out.
Updated digital version of ‘Encyclopedia of Indianapolis’ in the works
Designated as a legacy project of the Indianapolis Bicentennial Commission, the new “Encyclopedia of Indianapolis” is being developed by the Polis Center at IUPUI in collaboration with several major cultural and heritage institutions.
Hostel planned for former church, event center in Fountain Square
Plans for the hostel have been recommended for approval by city staff, because it “would be appropriate and would recognize [the building’s] historical and architectural value.”
Local security systems dealer Defenders acquired by ADT for $381M
Defenders owners David and Jessica Lindsey, who founded their home security and automation company in 1998, received roughly 16.3 million shares of ADT common stock for their 100% stake in the company, ADT said.
Carmel sets dates for proposed film and music festival
Carmel’s proposed film and music festival didn’t receive as much funding as organizers hoped for, but dates are set and a not-for-profit has been formed to run it.
Democrat Melton drops out of race for Indiana governor
Sen. Eddie Melton of Gary announced his candidacy in October, becoming the third Democrat to seek the party’s nomination to challenge Republican Gov. Eric Holcomb.
Pier 1 Imports to close half its stores as sales falter
Pier 1 Imports, which is led by the former CEO of defunct retailer HHGregg, plans to shut down hundreds of stores as it struggles to draw consumers and compete online.