Indicators in U.S. jobs market warn of possible weakness ahead
Two key indicators—hiring for temporary-help positions and weekly working hours—have declined this year even as unemployment has remained near a half-century low.
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Treasury unveils plan to privatize Fannie Mae, Freddie Mac
The administration’s plan calls for returning Fannie and Freddie to private ownership and reducing risk to taxpayers, while still preserving homebuyers’ access to 30-year, fixed-rate mortgages, a pillar of housing finance.
Fever to play home games at Hinkle during Bankers Life renovations
The Indiana Fever will play at Hinkle Fieldhouse on the Butler University campus for two-plus seasons while Bankers Life Fieldhouse undergoes its massive renovation, Pacers Sports & Entertainment announced Thursday.
Former bakery warehouse site to be cleaned up with $345,000 grant
The east-side site was used by Colonial Baking Co. as warehouse storage, truck loading and truck repair from the mid-1950s through the 1990s. It is contaminated with heavy metals and petroleum compounds, and has remained unused for decades.
Former area attorney sentenced to 30 months in prison for tax evasion
Judge Jane Magnus-Stinson said the former attorney and tax preparer “has a complete lack of respect for the law, for the tax code, his fellow citizens and for the court.”
Hamilton County cities, towns prepare to vote on local income tax increase
The proposed local income tax increase would generate $16 million of new funding for the county’s 911 center.
CDC awards Indiana $2 million grant to study maternal mortality
The state, which ranks third worst in the nation in maternal mortality, said it will use the money to develop ways to prevent or manage maternal illness.
China says trade talks with U.S. to take place in October
Officials will “conduct conscientious consultations” in mid-September to prepare, the Chinese Commerce Ministry said. It gave no details, but said the two sides want to create “favorable conditions.”
Amazon opens $80M fulfillment center in Greenwood
The site is the same one FedEx Corp. had designated for a $259 million distribution center that would have employed 450 workers.
Survey shows solid monthly job growth for companies of all sizes
U.S. businesses added a healthy 195,000 jobs last month, a sign companies are still hiring at a brisk pace despite the ongoing trade war with China.
Metazoa Brewing drops plans for Broad Ripple taproom
City development officials had concerns about the design of the brewpub’s proposed second location. Also this week: BrewDog, The District Tap, Nightmare on Edgewood
Lucas Oil Stadium getting upgrade to 5G for Verizon customers
The upgraded network—available to Verizon customers with 5G-enabled devices—will be limited in its first year at Lucas Oil Stadium, generally to lower-bowl seating between the 20-yard lines and on the concourses.
Colts rank 20th in value among NFL teams, Forbes says
The Dallas Cowboys were ranked as the NFL’s most valuable franchise for the 13th straight year, with a worth of $5.5 billion, up 10 percent over the past year.
State Treasurer Mitchell formally announces Congressional campaign
In the one-minute video posted to her campaign’s Facebook page, the 52-year-old Republican talks about being raised by a single mother on a farm with “no car and no TV” and provides a glimpse into her top campaign issues.
Historic preservation commission votes to protect Drake Apartments
The Indianapolis Historic Preservation Commission voted Wednesday night to put a historic designation on the eight-story apartment building owned by The Children’s Museum of Indianapolis amid concerns the structure might be torn down in coming weeks.
Kite’s $40M apartment project at Glendale gets city approval
The city’s Metropolitan Development Commission on Wednesday gave Kite Realty Group the necessary approvals it needs to proceed with its plan build a 267-unit apartment complex adjacent to Glendale Town Center.
Republic Airways expanding training academy to include maintenance technicians
Officials for Indianapolis-based Republic said the registered program will be the only one of its kind in Indiana and one of only eight in the United States.
Mayoral candidate Merritt releases plan to combat city crime
Republican mayoral candidate Jim Merritt’s proposal, announced Wednesday morning, includes creating a metro homicide unit and implementing the “swarm” technique, which would send 10-15 patrol vehicles at one time to “hot spots” in the city.
IMS eyes bigger crowds, better weather for Brickyard 400 race
In recent years, the Brickyard 400 has seen dismal attendance, but track officials say better weather and more events should boost crowds at this year’s race.
Former longtime Indianapolis Bond Bank employee sentenced to prison for theft
Jacqueline Fitzgerald, who was terminated in June 2017 after 17 years at the bond bank, admitted to stealing funds by claiming inappropriate benefit leave payouts.