Trump says U.S.-China trade talks are ‘going very well’
President Donald Trump offered an upbeat assessment of U.S.-China trade talks and said he would meet at the White House on Friday with the leader of the Chinese negotiating team.
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Fed approves rules loosening Dodd-Frank bank restrictions
The Fed on Thursday approved a set of rule changes that implement legislation passed by Congress last year to loosen restrictions, particularly for smaller community banks, imposed by the Dodd-Frank Act passed in 2010.
Ambrose says city can’t use eminent domain to buy GM stamping plant site
The development firm scrapped its plans last month for a $1.4 billion mixed-use development at the former GM stamping plant site on the west edge of downtown. That led the Hogsett administration to say it will take legal action if necessary to buy the land.
Dem gubernatorial candidate proposes minimum pay for teachers, education endowment fund
Josh Owens, one of three Democrats hoping to challenge Republican Gov. Eric Holcomb next year, said he would cap the state’s rainy day fund and put the excess funds into an endowment to support public education. He also wants to phase out school vouchers.
Carmel-based fraternity foundation official accused of embezzling $450K
The 43-year old woman has been charged in federal court with eight counts of wire fraud. “The evidence show that she stole over 800 separate cashier’s checks and money orders,” the indictment says, and deposited them into her own bank accounts.
Merritt says he’ll appoint Democrat as IMPD chief
Republican mayoral candidate Jim Merritt announced Thursday that he would ask Bill Benjamin, a former Democratic candidate for Marion County Sheriff and former IMPD deputy chief, to serve as the head of the IMPD because “the issues are bigger than party.”
UPDATE: Marion County reschedules canceled tax sale for early 2020
The sale was scheduled to take place Thursday and Friday but a clerical error forced the Treasurer’s Office to cancel the event. Nearly 1,200 parcels with minimum bids totaling some $6 million were to be auctioned and will now be available at the rescheduled sale in February—unless the owners pay their delinquent taxes.
New restaurant to open in former Corner spot in Broad Ripple
The new owners, who acquired the lease and liquor license at auction, operate two other restaurant and bars in Indianapolis—one downtown and one in Castleton.
Charles Schwab escalates online brokerage-fee war
Charles Schwab is betting the decision to lower or eliminate trading fees will help it attract customers, who’ve grown more vocal about the cost of investing.
Former nurse from Atlanta joins 5th District congressional race
In a statement, Beth Henderson said she’s running because she cares about the district and wants to be a voice for its residents in Washington, D.C.
Indianapolis theater to reopen as first-run movie house
Also this week: YUJO Ramen & Boba Tea, Taste of Dubai, Which Wich, Marco’s Pizza, Bovaconti Coffee, State of Grace
Local employee engagement software firm raises $15M in capital
The most recent round of funding was led by New Jersey-based growth equity investor Edison Partners. Prior investors also participated in the round.
GM workers worry about paying bills as strike continues
Nearly four weeks into the United Auto Workers’ strike against General Motors, employees are starting to feel the pinch of going without their regular paychecks.
Facebook CEO to appear before Congress on currency plan
The focus will be on Facebook’s plan to create a digital currency and its role in housing. The company agreed in a legal settlement in March to overhaul its ad-targeting systems to prevent discrimination in housing, credit and employment ads.
State receives $436M loan from EPA for water infrastructure projects
Between the EPA loan and funding from the Indiana State Revolving Fund, more than $900 million will be invested in 28 projects. Indianapolis is the biggest beneficiary.
GFS plans $160M local distribution facility, hundreds of jobs
Gordon Food Service plans to hire and train more than 200 workers for the distribution center at hourly wages of $20 to $25 an hour before the facility opens in late 2021. Longer term, employment at the facility is expected to be much greater.
Has tide finally turned in favor of ‘value’ stocks?
We’re seeing some cracks in the “growth at any price” fan base and a long-overdue return to sanity by investors.
Mental health services center to open next year as first facility at justice center
A mental health services and addiction-treatment center planned for the city’s new Community Justice Campus will open years ahead of the new jail and courthouse facilities, Mayor Joe Hogsett announced Wednesday.
Managers planning changes after winning city golf course contracts
Changes are in the works for several city-owned golf courses, after the Indianapolis Parks Department agreed to new, 10-year management contracts that are awaiting approval from the City-County Council.