Electric vehicle company puts Indiana factory plans on hold
An electric vehicle startup has halted plans to start production at a northern Indiana factory and hire more than 450 workers.
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Boomerang proposes $157M mixed-use development on 240 acres in Noblesville
The massive project, which includes industrial, residential and commercial uses, would take place on largely undeveloped land near the State Road 32/38 split.
Labor Secretary Acosta resigning amid Epstein deal scrutiny
Labor Secretary Alexander Acosta said Friday he is resigning following renewed scrutiny of his handling of a 2008 secret plea deal with wealthy financier Jeffrey Esptein , who is accused of sexually abusing dozens of underage girls.
Duke Energy to build solar power plant near Purdue
Duke said Thursday it will lease about 10 acres from the Purdue Research Foundation for the project it calls the Tippecanoe County Solar Power Plant.
Hillenbrand to acquire Cincinnati-based manufacturer in $2B deal
Indiana-based industrial equipment and casket maker Hillenbrand Inc. has agreed to acquire plastics-processing equipment maker Milacron Holdings Corp., the companies announced Friday morning.
Teachers union sues DeVos over embattled loan relief program
The American Federation of Teachers filed a federal lawsuit, alleging that the Education Department has mismanaged the Public Service Loan Forgiveness program that was created in 2007. Just 1% of more than 86,000 applications had been approved for loan forgiveness as of March 31.
Trump kills key drug price proposal he once embraced
The drug rebate rule would have ended a widespread practice in which drugmakers give rebates to insurance middlemen in government programs such as Medicare. The idea was to channel that money to consumers instead.
Carmel firm pioneering software designed to give drones digital license plates
Many within the unmanned aircraft industry think identification technology such as that made by Carmel-based Pierce Aerospace is the last piece needed for companies like FedEx and Amazon to start using drones to deliver packages to doorsteps.
Dow Jones industrials cross 27,000 points for first time
A turbulent day on Wall Street ended in the record books Thursday as the Dow Jones industrial average climbed above 27,000 for the first time and the Standard & Poor's 500 index hit another all-time high.
Merritt calls Hogsett’s food insecurity plan ‘complete waste of money’
Republican mayoral candidate state Sen. Jim Merritt on Thursday criticized Mayor Joe Hogsett’s plan to spend about $580,000 on programs to combat food insecurity in Indianapolis and said it “will likely make the problem worse.”
Holcomb proposes extra spending after state sees record high reserves
Indiana ended the fiscal year with record-high reserves, it reported Thursday, prompting Gov. Eric Holcomb to propose spending nearly $300 million on five one-time projects.
State reports increase in public college completion rates
College completion rates are on the rise at public universities in Indiana and so is the percentage of students who are graduating on time, the Indiana Commission for Higher Education announced Thursday.
Fashion accessory retailer Charming Charlie going out of business
The 15-year-old chain, which has stores in Carmel, Noblesville and Greenwood, plans to close all 261 of its locations after filing for Chapter 11 bankruptcy.
Amazon to provide technical training to third of its U.S. workforce
Amazon, which is struggling to find technically qualified U.S. employees, said Thursday that it will begin providing its workers with the skills to transition into software engineering positions and other technical roles.
Owner of former Scotty’s Brewhouse location sued over closure
A Pots & Pans Production LLC, which provides management services for all of Scotty’s Holdings LLC’s restaurant locations, filed suit this week against Johnson Hospitality Group LLC.
White House yanks drug ‘rebate’ plan after poor review from CBO
The nonpartisan Congressional Budget Office estimated the plan would have little impact on manufacturer prices and cost Medicare $177 billion over 10 years by leading to higher premiums subsidized by taxpayers.
Lilly losing two senior executives, including Bio-Medicines chief
Lilly shares dropped 4.6 percent in early trading after the company said Christi Shaw was leaving and Mike Harrington planned to retire.
New group antes up cash to help poor make bail
The Bail Project is challenging the cash bail system that keeps poor people awaiting trial locked up in Marion County jails, often putting their jobs and homes at risk.
Royal Pin bowling center scores big with push into group events, other games
The company spent $4.2 million to upgrade its north-side facility, adding non-bowling attractions, then worked to host corporate fundraisers, company parties and team-building retreats.
Long-awaited Birdies to debut in Westfield
The mini-golf portion of the entertainment and dining complex opens Friday, but its 250-seat American grill restaurant won’t open until November.