Steel Dynamics planning to build $1.9B plant, hire 600
Fort Wayne-based Steel Dynamics Inc. said the electric arc-furnace unit will be in Sinton, Texas, about 25 miles northwest of Corpus Christi.
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Steak n Shake makes $8M legal settlement, suffers downgraded credit rating
Indianapolis-based Steak n Shake Inc. is facing more setbacks in its already-suffering financial situation due to a new legal settlement regarding overtime pay and a downgrade in its credit rating.
Anthem stock takes hit despite positive quarterly earnings report
Indianapolis-based Anthem Inc. topped second quarter expectations and raised its 2019 forecast again. The health insurer also said Wednesday that the start of its new pharmacy benefit manager is going better than expected.
Dealership, car condo slated for Westfield near Grand Park
| Samm Quinn and Justin Chapman
The complex on more than 20 acres is expected to be a draw for luxury and classic-car enthusiasts.
DemandJump lands another $5.5M in venture funding
DemandJump, a local software company, has now raised a total of $14 million in venture funding since its founding in 2015. Company officials said the most recent round will be used in part to continue to grow staff.
U.S. truck driver shortage on course to double in decade
In addition to increasing pay, trucking companies are trying to recruit more women, young people and former military personnel.
FDA warns top marijuana company for making CBD health claims
CVS Health, which started carrying CBD skin products in some states this year, plans to remove Curaleaf products from its shelves following the FDA’s warning.
Justice Department ratchets up antitrust scrutiny of Big Tech
The U.S. Department of Justice on Tuesday opened a sweeping antitrust investigation of major technology companies and whether their online platforms have hurt competition, suppressed innovation or otherwise harmed consumers.
Natural Born Juicers closes both locations
Natural Born Juicers, which operated juice bars on Mass Ave and in Broad Ripple, has closed, the owners announced Tuesday on Facebook and on Instagram.
Attorney on probation for public indecency charged with theft from client
An Indianapolis attorney who pleaded guilty to public indecency last year after being accused of exposing himself to two busloads of high school girls basketball players is facing new charges of stealing more than $53,000 from a client.
Senators unveil compromise to reduce drug costs for seniors
Iowa Republican Charles Grassley and Oregon Democrat Ron Wyden said the bill would for the first time limit drug copays for people with Medicare’s “Part D” prescription plan, by capping patients’ out-of-pocket costs.
Indiana legislature hires outside attorney in AG groping suit
Indiana’s legislative leaders have hired an outside attorney to represent the General Assembly in a federal lawsuit alleging that state Attorney General Curtis Hill drunkenly groped four women.
Zionsville manufacturer plans to hire 39 as part of $7.5M expansion
GCI Slingers said it will add 10,000 square feet to its existing 20,000-square-foot facility at 5005 W. 106th St.
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National Urban League conference returns to Indianapolis after 25 years
The four-day event will feature numerous Democratic presidential candidates. Conference events will largely cover topics highlighted in the National Urban League’s 2019 State of Black America report, particularly voter discrimination, election interference and the U.S. Census.
Local heavy machinery rental firm expanding onto west-side Kmart parcel
MacAllister Machinery’s current operations along West Washington Street span about 6.5 acres, with the purchase of the Kmart parcel next door adding another 8 acres.
Council committee stalemate could stall plans for $66M apartment development
The Metropolitan and Economic Development Committee of the City-County Council could not reach a consensus Monday on a recommendation for a long-delayed 11-story downtown project at 421 N. Pennsylvania St.
Big technology meeting sets stage for more U.S.-China talks
President Trump and senior administration officials met with CEOs from Alphabet Inc.’s Google, Broadcom Inc., Cisco Systems Inc., Intel Corp., Micron Technology Inc., Western Digital Corp. and Qualcomm Inc. on Monday.
Drugmaker group boosts lobbying as Trump’s push to lower prices stalls
The Pharmaceutical Research and Manufacturers of America, which represents leading drugmakers including Eli Lilly and Co., reported spending $6.2 million in the quarter. Meanwhile, Lilly boosted its own spending on lobbying.
Deal sealed on federal budget, ensuring no shutdown, default
President Donald Trump and congressional leaders announced Monday a critical debt and budget agreement that’s an against-the-odds victory for Washington, D.C., pragmatists seeking to avoid political and economic tumult