UPDATE: Divided Federal Reserve cuts key rate for second time this year
The Federal Reserve cut its key benchmark interest rate while saying it’s prepared to continue doing what it deems necessary to sustain the U.S. economic expansion.
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Memory Bank: Cars on display in Westfield
This Westfield photo was on a postcard mailed Aug. 24, 1911. At the time, the community was already more than 75 years old. It was settled in 1832 by Quakers who left North Carolina to protest slavery and established a stop on the Underground Railroad. They initially called the town—which was laid out with 48 […]
Pharmacy owner sentenced to 33 months for making over-potent drugs
Paul Elmer, 68, of Fishers, was sentenced Wednesday in U.S. District Court in Indianapolis, six months after a jury found him guilty of nine counts of adulterating compounded drugs and one count of conspiracy.
Broad Ripple not-for-profit launches emergency fundraising campaign
Joy’s House is trying to raise $559,000 by Nov. 1 after receiving far less than expected in corporate, foundation and individual donations this year.
Medical consulting startup opens downtown office, plans 21 jobs
The company, founded last year, offers legal medical consulting and medical product consulting to law firms, life sciences companies, and health and wellness businesses.
Finally meeting with media, Vinatieri says he just needed time to clear his head
In his first public comments since leaving the stadium Sunday, the NFL’s career scoring leader explained he misspoke when saying he would answer questions on the players’ normal day off—a comment that drove speculation about Vinatieri’s possible NFL exit.
Progress reported in contract talks between GM, union
One of the main sticking points is health care. GM is looking to cut its costs, but workers say they shouldn’t have to pay more when the company is making billions in profit.
Dillinger family members apply again to exhume body
Family members of 1930s gangster John Dillinger have submitted a new application to exhume the body under his gravestone in Crown Hill Cemetery.
Developer acquires Carmel shopping center, seeks grocer for former O’Malia space
KennMar has acquired the Brookshire Village Shoppes retail center and is working to fill the anchor space, which has been empty since Marsh closed the O’Malia Food Market there in summer 2017.
International School of Indiana lands $1.5M gift toward new elementary building
An Indianapolis private school is well on its way to reaching a $7 million fundraising goal that will help it unify its campus, thanks to a $1.5 million lead donation from Telamon Corp. CEO Stanley Chen and his wife, Allison.
Merritt accuses Hogsett of ‘abysmal’ support for minority, women businesses
State Sen. Jim Merritt, the Republican candidate for mayor of Indianapolis, said Democratic incumbent Joe Hogsett has made initiatives to support minority-owned businesses an afterthought rather than a priority.
New office building planned for Nickel Plate District in Fishers
To incentivize the development, the Fishers City Council on Monday night voted to waive city fees associated with the project for up to 24 months.
Talks resume as UAW strike against GM enters second day
Negotiators for General Motors and the United Auto Workers took a break from bargaining around 9 p.m. Monday but headed back at to the tables on Tuesday as a strike by more than 49,000 employees extended into a second day.
Long-delayed, $60M project in Mapleton-Fall Creek back on track
The neighborhood’s community development corporation has recast its vision for the expansive Central@29 project and hopes to begin construction of its first phase of apartments next summer.
U.S. factory production rises at healthy pace
U.S. factory output increased in August at a solid clip, reversing a sharp drop in July, as production of metals, machinery and chemicals all rose.
Protective Insurance hires two senior executives
Carmel-based Protective Insurance Corp. has hired two company outsiders to fill its chief financial officer and chief information officer roles, the company announced Monday.
Water-management software firm 120WaterAudit lands $7M in funding
Zionsville-based 120WaterAudit plans to use the funds to improve its digital water-program-management platform and expand sales and marketing.
Saudi oil attack could push gas prices up 25 cents, expert says
Should the recovery take weeks or months, the impact could be far-reaching. Higher fuel prices can not only motivate consumers to cut spending elsewhere but also ultimately reach into virtually every corner of the economy.