Construction of South Meridian condo project might be phased
The developer was forced to rethink the project across from Circle Centre mall after anticipated costs ballooned past the expected $8 million to $10 million investment.
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Supreme Court lets Sandy Hook shooting lawsuit go forward
The justices rejected an appeal from Remington Arms that argued it should be shielded by a 2005 federal law preventing most lawsuits against firearms manufacturers when their products are used in crimes.
No. 1 milk company declares bankruptcy amid drop in demand
Dean Foods, America’s biggest milk processor, filed for bankruptcy Tuesday amid a decades-long drop-off in U.S. milk consumption blamed on changing trends and a growing variety of alternatives.
Survey: Nearly two-thirds of Hoosiers say plenty of jobs available
Ball State University’s annual Hoosier Survey, released Tuesday, also asked about abortion and gun control—two issues that regularly come up at the Indiana Statehouse during the legislative session.
Software firm Parker Technology lands $2M in venture capital
Indianapolis-based software and service Parker Technology LLC said the series seed funding round was led by Elevate Ventures and several local investors.
Officials: Indiana University’s online enrollment continues to grow
Enrollment in Indiana University’s online courses has soared during the past decade across the school’s campuses even as overall student enrollment has dropped, officials said.
Hospital monopolies drive up health care costs in Indiana, study says
Over the past two decades, Hoosiers’ health care costs have gone from below-average to much-higher-than-average, according to a Ball State University study.
Safety officials probing records of work on Southwest jets
Southwest Airlines says it will speed up inspections of dozens of used planes it bought from foreign airlines after federal regulators threatened to ground the jets because they might not meet all safety standards.
Implant maker Nexxt Spine to double size of Noblesville headquarters, add 25 jobs
The company said it needs more space after acquiring six laser beam printers. In the past decade, more than 600 spine surgeons have performed procedures using Nexxt Spine products.
Jason’s Deli leaving Indianapolis-area market
Local closures set for Monday will leave the Beaumont, Texas-based deli chain with only one Indiana store, in Evansville.
Indy Eleven finishes 2nd in league attendance with uptick in home crowds
The Indy Eleven drew average crowds of more than 10,000 per game to Lucas Oil Stadium in their second year in the United Soccer League.
Calumet Specialty Products sells San Antonio refinery for $63 million
The San Antonio facility has a throughput capacity of 21,000 barrels a day and produces diesel, jet fuel, gasoline and other jet fuel products.
KKR makes formal approach to Walgreens on possible record buyout
Walgreens Boots, which has more than 50 stores in central Indiana, has a market value of about $53 billion and $16.8 billion of debt. At that size, a take-private deal by the company would top the largest leveraged buyout in history.
Buttigieg says he want to choose VA’s first female secretary
South Bend Mayor and presidential candidate Pete Buttigieg said female veterans and service members have been neglected, including on concerns about sexual harassment and women’s health. Women are the military’s fastest-growing subgroup.
Penske’s IMS deal means hundreds of acres of opportunity, real estate experts say
The acquisition of Hulman & Co. will give Penske Corp. control of about 37% of all the land in Speedway, making the company the town’s single-largest landowner. Roger Penske said he wants to take advantage of that land.
IBJ Podcast: Roger Penske wants to create an ‘entertainment capital’ in Speedway. What does that mean?
Podcast host Mason King talked with Penske about his vision for some 950 acres in Speedway, and chats with Speedway Town Manager Jacob Blasdel and local developer Mike Wells about the possibilities.
Indiana ranks high in hazardous dams that need improvements
Indiana has more than 250 high-hazard dams, a term used when a failure likely would result in the loss of human life. Of those, 65 are rated in poor or unsatisfactory condition
Ford electric vehicle chief sees more products, sales growth
Next week, Ford will show off an electric SUV that is inspired by the Mustang performance car. It’s the company’s first consumer-friendly fully electric vehicle, and it’s expected to have a range of over 300 miles per charge.
Gannett-GateHouse merger will help investors, harm journalists, union report says
The country’s leading newspaper union issued a scathing analysis of the proposed Gannett-GateHouse merger Friday, saying the deal would drive down wages and employment for journalists at hundreds of newspapers. The merger will affect a dozen newspapers in Indiana.
Indiana medical insurance coverage lags surrounding states
Indiana had a higher percentage of people lacking medical insurance than any neighboring state in 2018, but its rate was better than the national average.