Former BMV commissioner running for Congress
Kent Abernathy, a retired Army colonel and former Bureau of Motor Vehicles commissioner, announced his campaign Monday afternoon.
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U.S. consumer borrowing shows $17.9B August increase
Consumer borrowing increased at a solid pace in August, helped by the biggest jump in auto and student loans in three years.
Goodbye to iTunes: Once-revolutionary app gone in Mac update
Sidelining the all-in-one iTunes in favor of separate apps for music, video and other services will let Apple build features for specific types of media and better promote its TV-streaming and music services to help offset slowing sales of iPhones.
New facility offers long-term care for people with traumatic brain injury
A company that operates several health care businesses in Indianapolis has opened the center in a former residential care facility on the city’s near-north side.
Startups with female founders raise more venture cash, study says
In earlier rounds, mixed-gender teams do just as well as those without women, but the advantage grows in the later stages of fundraising, the study found.
Small businesses increasingly a target for cybercriminals
While businesses of all sizes are victims of cyberattacks, the smaller the companies, the more vulnerable they can be.
Local private equity firm raises $365M for investment fund
Hammond Kennedy Whitney & Co. Inc. already has taken controlling stakes in five firms with money raised in its latest nine-figure investment pool.
Report links high rent burdens, homelessness in Indianapolis
Marion County has a much higher percentage of households than the rest of the state that rent their homes instead of owning them, according to a report issued this week by the Indiana University Public Policy Institute.
Steve Braun suspends Congressional campaign for health reasons
Steve Braun, a former commissioner of the Indiana Department of Workforce Development and brother of U.S. Sen. Mike Braun, said he was “frustrated and disappointed to have to suspend my campaign at this critical juncture.”
Business economists foresee slowdown in U.S. growth
The nation’s business economists think President Donald Trump’s trade war with China will contribute to a sharp slowdown in economic growth this year and next, raising concerns about a possible recession starting late next year.
IBJ Podcast: The story behind a rising food-drink-tourism empire in Nashville
Podcast host Mason King talks with McCabe, the executive chairman of Hard Truth’s parent company, about how the business has evolved, what makes Hard Truth Hills special and what’s coming in the future.
UAW not happy with latest contract proposal from General Motors
Contract talks aimed at ending a 21-day strike by the United Auto Workers against General Motors have taken a turn for the worse, hitting a big snag over product commitments for U.S. factories, a union official wrote in an email to members.
Butler raises $171M in campaign to support ‘new strategic direction’
The fundraising effort, named “Butler Beyond: The Campaign for Butler University,” hopes to raise at least $250 million overall by May 2022.
UPDATE: Mears picked to replace Curry as Marion County prosecutor
Ryan Mears, who was Terry Curry’s chief trial deputy, has been serving as the interim prosecutor since Curry stepped down Sept. 23. He promised to be an independent leader who works for the good of the Indianapolis community and takes a tough stance on violent crime.
Liz Malatestinic: Attitudes shift toward hiring applicants with criminal records
The practice of hiring people with criminal convictions is not a new concept, but it is gaining steam.
Surprise! Your anesthesiologist was out of network. Now you owe big.
Every day, thousands of Americans get a surprise bill in the mail from a health provider, asking for thousands of dollars for medical services that weren’t covered by the patient’s insurance.
Panelists discuss health care costs, vaping, doctor burnout
Vaping has grown into full-blown health crisis in Indiana, panelists said at an IBJ health care event.
R. Matthew Neff: Bankruptcy court will bring order to opioid liability
The recent lawsuits against manufacturers of opioids (including Purdue Pharma, Johnson & Johnson, Mallinckrodt and others) bear a striking similarity to lawsuits against the tobacco companies a few years ago.
Investors unforgiving after ANGI Homeservices stumbles
Investors in Angie’s List Inc. appeared to have hit the jackpot two years ago after the company merged with rival HomeAdvisor. Unfortunately, that love affair is officially over.
Memory Bank: Bootlegger busted
In this Dec. 9, 1920, photo, three Indianapolis police officers pose with a still and some of the ingredients they confiscated during a raid at a farm a half-mile east of New Bethel (a town in Marion County now called Wanamaker).