GateHouse buying Indianapolis Star parent Gannett for $1.4B
Two of the country’s largest newspaper companies have agreed to combine in the latest media deal driven by the industry’s struggles with a decline in printed newspaper sales.
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Gen Con draws nearly 70,000 to Indianapolis, event officials say
The event, which has been hosted by the city since 2003, broke its records for exhibitors, total ticketed events, and for sales of four-day and Sunday badges.
Economic diversity index puts Pennsylvania first, Indiana next to last
Bloomberg analyzed the contribution to gross domestic product by industry and government in all 50 states to create the diversity index. Indiana’s GDP is most dependent on manufacturing and least dependent on government.
Solar co-op seeks participants in Hamilton County
A Washington, D.C.-based not-for-profit group has launched a co-op for residents and businesses in Hamilton County who want to install solar panels at a group rate.
U.S. stock indexes slide as China’s currency hits 11-year low
U.S. stocks nosedived in morning trading Monday as China’s currency fell sharply and stoked fears that the trade war between the world’s two largest economies would continue escalating.
Brazil considers dropping barriers to U.S. ethanol
A biofuel deal between the two nations would come as a relief for the U.S. ethanol industry, which has been beset by a supply glut and the weakest margins in more than 15 years.
Steak n Shake closures top 100 in 2019 amid slowing customer traffic
Steak n Shake classified 103 of this year’s closures as “temporary,” and said it plans to reopen the stores under its new franchise partnership program.
IBJ Podcast: Profitability for Blue Indy still ‘a few years away’
Based on a service that had tens of thousands of subscribers in Paris, the electric-car-sharing company predicted that by 2020 it would be profitable and have at least 15,000 members, 200 charging stations, and 500 electric cars on the road. Its latest results aren’t at all close.
Local charter school for troubled youth closes days before school starts
Marion Academy, which enrolled about 120 students in grades 6 to 12 last year, was created for students who have been in the juvenile justice system, were expelled or were at-risk of expulsion.
Indiana casinos looking for jump on Midwest sports betting
Indiana casinos are racing ahead with preparations to launch legalized sports betting in early September, looking to seize an advantage over competitors in Chicago and other nearby large markets where such wagers aren’t yet allowed.
EDITORIAL: New economic incentives strategy is product of collaborative effort
We’re behind the effort, but can’t overemphasize the need for follow-up.
Sheila Kennedy: As Kansas learned, faith has no place in economic policy
As a number of credible economists predicted, Kansas Gov. Sam Brownback’s policies failed to deliver the promised prosperity; instead, they devastated the state’s economy.
Andrew Cullison: Next Level employees need Next Level leaders
If we are to develop truly effective leaders, our training must include moral reasoning development.
Hoosier banks post increases in profit
Old National Bancorp, the largest Indiana-based bank, reported a 43% increase in second-quarter profit.
CNO Financial adds two vice presidents
The company hired Patti Kolodziejczyk as vice president of application delivery and promoted Doug Williams to vice president of finance and administration for the company’s Bankers Life brand.
Bank of America brings in commercial banking exec
Lucia Mar, 47, is filling the the newly created position of Indiana market executive for global commercial banking.
Developers, investors race to capitalize on ‘opportunity zones’ tax break
The federal “opportunity zones” initiative, designed to spur investment in low-income communities nationwide, is still in its early stages—but it’s already grabbed the attention of local developers and investors. Created as part of the federal tax legislation known as the Tax Cuts and Jobs Act of 2017, the initiative offers substantial tax breaks to those […]
Jonathan Brooks’ Beholder restaurant has had a tough year
Business has been slow to build at Beholder, which isn’t yet consistently profitable and has had to cut staffing to the bone.
