KAR to spend $3.75M to open downtown Indy HQ for software unit
TradeRev, whose software facilitates dealer-to-dealer auto auctions, plans to add 200 workers by 2023.
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Purdue Pharma in talks to settle for billions in opioid lawsuits
Drugmaker Purdue Pharma is negotiating a multibillion-dollar settlement with lawyers for local and state governments that would resolve about 2,000 lawsuits against the company.
Board members quit after two embattled Indiana virtual schools lose charters
With the board’s dissolution, it’s unclear who remains responsible for Indiana Virtual School and Indiana Virtual Pathways Academy.
Survey finds new auto technology can annoy drivers
The 2019 J.D. Power Tech Experience Index study found that frustrated drivers may avoid the systems in future vehicle purchases. That’s a problem for automakers who want to prepare people for fully automated vehicles.
Gardner resigns as IUPUI hoops coach after drunken driving arrest
A former Mr. Basketball, Jason Gardner was entering his sixth season as IUPUI’s head coach and has a 64-93 career record. Associate coach Byron Rimm has been named interim head coach.
State treasurer files to run for Congress
Republican Kelly Mitchell, who is in her second term as treasurer, joins what is shaping up to be a crowded primary field.
Dora, Shapiro plan 6-story downtown hotel on South Meridian Street
Dora Hospitality Group is teaming with the owner of Shapiro’s Delicatessen to build the hotel at Meridian and Sycamore streets. The project will bring a new IHG hotel brand to Indianapolis.
Hotel planned for King Cole building downtown
Interior demolition appears to have already begun, and several tenants told IBJ that they have either already moved out or have been asked to vacate by the building’s owner.
Three local companies moving HQs to new Carmel development
Three well-known local companies plan to move into a four-story, 100,000-square-foot office building called the Agora. Construction of the building is expected to be complete next summer.
Fountain Square liquor store owner planning big expansion with residence in 3-story building
Local entrepreneur Ray Vandivier envisions a 9,500-square-foot building that would incorporate the Liquor Cabinet at 949 Virginia Ave. and serve as living space for his family.
State task force holds first meeting on renewable energy
A new task force that hopes to help Indiana move from its coal-dominated past into a future that includes more renewable energy held its first meeting Monday, hearing hours of testimony.
Feds shortchanged Indiana $175M over 2 years in fighting opioid epidemic, report says
Indiana accounted for 4% of the nation’s opioid-related deaths, but received just 1.9% of the nation’s $11 billion opioid-related funding awarded to states over the past two years, according to the new study.
TIF incentives for $66M downtown project barely pass council committee
The council’s Metropolitan and Economic Development Committee voted 6-5 to send two proposals concerning Charles Street Investment Partners’ mixed-use project at 421 N. Pennsylvania St. to the full City-County Council.
Johnson & Johnson responsible for fueling Oklahoma’s opioid crisis, judge rules
The landmark decision is the first to hold a drugmaker culpable for the fallout of years of liberal opioid dispensing that began in the late 1990s, sparking a nationwide epidemic of overdose deaths and addiction.
The spy in your wallet: Credit cards have privacy problem
You might think a 29-cent swipe for a banana at Target would be just between you and your bank. Heavens, no. The purchase generates data that ends up with marketers, Target, Amazon, Google and hedge funds, to name a few.
Family of Carmel teen sues Juul, calling e-cigarettes addictive, dangerous
The lawsuit, filed in U.S. District Court in Indianapolis, is the first such federal lawsuit in the state against Juul, a company battling numerous complaints over its products.
U.S., Japan agree in principle on trade deal focused on farmers
The U.S. and Japan agreed in principle on a trade deal under which Japan will slash tariffs on U.S. beef, pork and other agricultural products while continuing to face levies on its own auto exports.
U.S. orders for long-lasting goods show 2.1% July increase
Orders for transportation equipment powered the overall gain, rising 7%, the category’s strongest month in almost a year.
Holcomb, legislators call for pause on consequences for poor ILEARN scores
Scores for the first year of Indiana’s new test, ILEARN, are expected to be lower than previous years’ scores under ISTEP—a drop which could affect schools’ state grades and teachers’ pay.
Trump says serious trade negotiations with China to begin
President Donald Trump said his trade negotiators had received two “very good calls” from China on Sunday. He expressed his optimism about China hours after he sent mixed messages on the tariff war.