IRS lags on its plan to speed corporate audits
The IRS isn’t effectively auditing corporations despite a change in how the agency conducts tax examinations that was supposed to make the process more efficient, according to the agency watchdog.
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Big changes at Salesforce: Bob Stutz jumps to rival; Marketing Cloud division gets new chief
Bob Stutz—who until last month led Salesforce’s Marketing Cloud unit—has left the company to become the president of engineering for customer experience at SAP.
P.E. MacAllister, businessman and civic leader, dies at 101
He helped build Indianapolis-based MacAllister Machinery Co. into a regional powerhouse and worked behind the scenes during the city’s resurgence beginning in the 1960s. He served in top positions on the election campaigns of Mayor Richard Lugar and Mayor Bill Hudnut, as well as on a myriad of corporate, civic and government boards.
Airport firefighters, police officers voting on unionization
The police and fire departments at Indianapolis International Airport have been non-union since 2011, when the airport authority withdrew its recognition of employee unions.
Indiana attorney general testifies he didn’t grope women
Indiana Attorney General Curtis Hill denied the claims of four women as he testified Thursday during a hearing on professional misconduct charges that threaten his law license and career.
GM suppliers face lingering revenue fallout from strike
Cars will soon start rolling off General Motors’ factory floors after a month-long shutdown, but the pain from millions of dollars in lost business will linger for some of the automaker’s key suppliers.
MIKE LOPRESTI: Men from golden age of IPS hoops are all on the same team now
They were fierce competitors on the court, but now they’re coming together to remember a bygone era.
Lugar Plaza project designer captures Monumental Award
The annual awards, which recognize excellence in local architecture, engineering, interior design, landscape architecture, construction, real estate development and more, took place Wednesday at the Indiana Roof Ballroom.
Axe-throwing studios snap up retail sites
At least six venues are open or in the works. Also this week: Dottie Couture, Book Warehouse, Cupid Couture and MBP Distinctive Catering.
Pacers don’t expect new naming-rights deal for fieldhouse until 2020
Pacers Sports & Entertainment hopes to pin down a new multimillion-dollar sponsorship deal before the first phase of a $360 million renovation to the venue begins next summer.
Lobbyist defends Hill in sometimes-contentious disciplinary hearing
Earlier on Wednesday, Indiana Attorney General Curtis Hill took the stand for the first time to defend himself in a legal ethics case that could put his job in jeopardy.
Ambrose rejects city’s $6M offer for GM stamping plant site
The offer came during a 40-minute meeting at Ambrose’s headquarters on Monument Circle, at which the two sides discussed their ongoing dispute over the city’s insistence that it acquire the 91-acre property, using eminent domain if necessary.
Area existing-home sales tick up amid declining inventories
Sales of existing single-family homes rose 1.8% in central Indiana in September—only the second month of increased sales this year on a year-over-year basis.
Eli Lilly CEO says drugmaker won’t rehash old Alzheimer’s data
Digging through old data to salvage a seemingly failed Alzheimer’s drug paid off big time for Biogen Inc., but at least one of its rivals has no plans to follow suit.
Uncertainties escalate for Fed as it weighs another rate cut
The Federal Reserve finds itself in an unusually delicate spot as it considers how much more to try to stimulate an economy that’s still growing and adding jobs but also appears vulnerable.
High-tech rival devices on verge of making stethoscopes obsolete
Dr. Paul Wallach, an executive associate dean at Indiana University School of Medicine in Indianapolis, predicts that within the next decade, hand-held ultrasound devices will replace the stethoscope as part of the routine physical exam.
Trump, Pelosi still working on drug-pricing deal despite impeachment drama
President Donald Trump and House Speaker Nancy Pelosi could hardly be more at odds—but behind the scenes, they’re still grasping at a bipartisan deal to lower the cost of prescription drugs.
Lilly earns more than expected but misses revenue expectations on key drugs
Eli Lilly and Co. easily topped earnings expectations in the third quarter, but shares in the Indianapolis-based drug company tumbled nearly 5 percent Wednesday morning.
Roundup: Meijer moves Westfield store forward
Retail giant finalizes plans three years after buying site. Also: Urban Chalkboard, Marco’s Pizza, Riverview Health and more.
Anthem 3Q profit jumps 23%, helped by enrollment gains
The Indianapolis-based insurer raised its 2019 forecast after attracting more customers covered by Medicare Advantage and Medicaid.