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Neighboring east-side hotels sold for $30.5M to Los Angeles firm

November 26, 2019 | Mickey Shuey

The three hotels at the intersection of Interstates 70 and 465 have nearly 500 rooms between them. The largest, a Marriott that serves as an overflow hotel for big downtown events, is slated for a renovation that could run between $10 million and $20 million.

delta hotel

Scotty’s Brewhouse founder Wise joins CBRE as retail broker

November 26, 2019 | Mickey Shuey

Scott Wise, who founded the once-flourishing Scotty’s Brewhouse restaurant chain, starts Tuesday at CBRE’s Indianapolis office, joining a team of 12 brokers in the office’s retail division.

scott wise 550px

Feature film ‘Dark Waters’ tells story of Taft lawyer’s 20-year battle against DuPont

November 26, 2019 | Marc D. Allan

With the release of the feature film “Dark Waters” on Tuesday, the law firm Taft Stettinius & Hollister, which has offices in Indianapolis and eight other cities, is about to get the kind of publicity that money can’t buy.

China says trade envoys agree on phone to continue talks

November 25, 2019 | Associated Press

Top Chinese and U.S. trade negotiators agreed to continue to work toward a preliminary agreement for resolving their tariff war, the Chinese Commerce Ministry said Tuesday.

Pelosi urges administration to put trade changes in writing

November 25, 2019 | Associated Press

House Speaker Nancy Pelosi said Monday that Democratic lawmakers are “within range of a substantially improved” trade agreement with Canada and Mexico, but that they need to see progress made in negotiations put into writing by U.S. Trade Representative Robert Lighthizer for “final review.”

Powell: Solid economy with tame inflation allows low rates

November 25, 2019 | Associated Press

Federal Reserve Chairman Jerome Powell on Monday sketched an optimistic view of the economy but signaled that continued low inflation means higher interest rates won’t likely be necessary anytime soon. Powell said that even with unemployment near a 50-year low of 3.6%, there’s still “plenty of room” for wages to rise and for more Americans […]

Holcomb administration accused of waiving fine in Amazon worker’s death while pursuing HQ2

November 25, 2019 | Lindsey Erdody

An investigation into Amazon employee injuries by a national not-for-profit journalism organization accuses Indiana Gov. Eric Holcomb’s administration of absolving the online retail giant of any accountability in an Indiana worker’s death at the same time the state was bidding for the company’s coveted second headquarters.

Ascension St. Vincent expands Indianapolis cancer center

November 25, 2019 | John Russell

The expansion is the latest move by a large Indianapolis health system to expand cancer care, a fast-growing and competitive medical field.

Cummins to cut 2,000 salaried positions in cost-cutting measure

November 25, 2019 | Susan Orr

Cummins said the layoffs are part of a wider effort to trim up to $300 million in costs in response to a slowdown in sales demand.

EBay selling StubHub to Viagogo for $4.05 billion

November 25, 2019 | Bloomberg News

StubHub is the largest resale ticket marketplace in the U.S., with about $1.1 billion in net transaction revenue in 2018, according to EBay filings.

Retail mall foot traffic picks up ahead of Thanksgiving

November 25, 2019 | Bloomberg News

The index measures mobile-phone location data from five of the largest U.S. shopping center real estate investment trusts, including Indianapolis-based Simon Property Group Inc.

Fishers tech marketing firm Vibenomics raises $5M in seed capital

November 25, 2019 | IBJ Staff

The funding round included investments from existing investor High Alpha and new investors Elevate Ventures and members of the Ricker family who previously owned the Ricker’s gas station chain.

Louis Vuitton maker to buy Tiffany & Co. for $16.2 billion

November 25, 2019 | Associated Press

The offer comes as luxury goods companies have been wrestling with changing habits of shoppers who are increasingly buying online.

Schwab to acquire Ameritrade, creating wealth management ‘Goliath’ with $5 trillion in assets

November 25, 2019 | The Washington Post

The tie-up of the brokerage companies reflects the shift from a commission-heavy revenue stream to one more reliant on interest income and other client services.

IBJ Podcast: How an Indy group will use $11.6 million to help black students achieve

November 25, 2019 | IBJ Staff

Host Mason King talks with the Center for Leadership Development’s president, Dennis Bland, about how a Lilly Endowment grant will expand the group’s programs to help minority students achieve in school and in life.

EPA to host meeting on sewer work near tainted Franklin site

November 23, 2019

EPA and Indiana Department of Environmental Management staffers will be on hand with engineering consultants to answer the public’s questions.

Complexity of Indiana school funding complicates teacher pay debate

November 23, 2019 | Associated Press

Top Republicans touted “record investment” in school spending in defending themselves as thousands of teachers turned out for a Statehouse rally this past week calling for a bigger boost in education funding. But it’s not that simple.

BMV proposes new process to changing gender ID on driver’s licenses

November 22, 2019 | Brandon Barger, TheStatehouseFile.com

Proposed changes to the rules allowing Hoosiers to legally change their gender identification on their driver’s licenses creates a process that is cumbersome and bureaucratic, critics say.

2020 Economic Forecast – intro

2020 Economic Forecast – presentation

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