Fed rate cut looks more likely, but question is when, how big?
Fed watchers say the latest economic data boost the odds that central bank will move sooner rather than later to lower rates.
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Scotty’s closes Thr3e Wise Men microbrewery and restaurant in Broad Ripple
The Indianapolis-based restaurant and bar chain opened the microbrewery location more than eight years ago to supply the Scotty’s chain with its own brand of craft beer.
Salesforce buying Tableau Software in $15.7B all-stock deal
The acquisition is expected to add about $350 million to $400 million to Salesforce.com Inc.’s fiscal 2020 revenue.
IBJ Podcast: It’s not your grandfather’s library system anymore
Host Mason King talks with Indianapolis Public Library CEO Jackie Nytes about the system’s construction spurt and how it will actually help the library better balance its budget. And Nytes also describes how the new buildings and renovations better support the needs of neighborhoods and the people who live there.
United Technologies, Raytheon to combine as defense giant
Both companies have major operations in Indianapolis, although United Technologies is already preparing to shed its Carrier Corp. business.
Indiana educators racing to renew licenses before deadline
Thousands of Indiana teachers are scrambling to begin renewing their professional teaching licenses before new rules state lawmakers approved this spring for the renewal process take effect July 1.
Holcomb administration pushes $1 billion tax hike for unemployment fund
The proposed 17% increase would bring the premiums paid by companies to a level recommended by the federal government, which is meant to prepare the unemployment fund for the next recession.
Pete Buttigieg’s high college debt draws attention to the issue
With loans totaling more than $130,000, the Hoosier presidential hopeful and his husband are among the 43 million people in the United States who owe federal student loan debt.
WRTV’s Derrik Thomas will retire after 40 years, 12,000 stories
Thomas never actually applied for the job at Channel 6. He was recruited by a news director who saw his work while hiring a photographer.
Trump’s threatened tariffs on hold after deal with Mexico
A joint declaration released by the State Department said the U.S. “will immediately expand” a program that returns asylum-seekers, while their claims are under review, to Mexico after they have crossed the U.S.-Mexico border. Mexico will “offer jobs, healthcare and education” to those people, according to the agreement.
Trump: ‘Good chance’ now for tariff deal with Mexico
After a week of threats, President Donald Trump declared Friday that there is a good chance the U.S. will strike a deal with Mexico to avert the tariffs he had scheduled for Monday.
GM exec: Companies should know when, why to adopt new technology
Investing in the latest tech fad can lead to waste if companies don't have a plan and prepared workforce, the executive said Friday at a Conexus Indiana and IBJ event focusing on advanced manufacturing.
Puma plans $40M-plus Whitestown distribution center, 90 jobs
The sports footwear and apparel company is negotiating a lease to open in a roughly 635,000-square-foot building at 3519 Perry Boulevard.
Company specializing in steel wheels plans Indiana facility
Officials announced Friday that Indiana Wheel Corp. plans to spend nearly $23 million to purchase, renovate and equip the facility, where it will hire up to 117 workers.
U.S. employers add just 75,000 jobs; unemployment rate stays 3.6%
The tepid job growth, along with rising pressures on the economy, makes it more likely that the Federal Reserve will cut rates in the coming months.
Barnes & Noble going private in $476M sale to hedge fund
Barnes & Noble, which still has 627 stores in the United States, including five in the Indianapolis area, is being acquired by Elliott Management for $6.50 per share.
Boom in electric scooters leads to more injuries, fatalities
As stand-up electric scooters have rolled into more than 100 cities worldwide, many of the people riding them are ending up in the emergency room with serious injuries. Others have been killed.
U.S., Mexico conduct more talks, but no deal yet to avert tariffs
The Department of Homeland Security announced Wednesday that U.S. Border Patrol apprehensions of migrants illegally crossing the border hit the highest level in more than a decade in May: 132,887 apprehensions.
IU upgrades research power with nation’s fastest university-owned supercomputer
The school announced Friday it has purchased a new supercomputer—dubbed Big Red 200—for $9.6 million to support advanced research in artificial intelligence, machine learning, data analytics and scientific and medical research.
Lawmaker: Recording of abuse at Indiana farm politically driven
State Sen. Travis Holdman questioned the motivations of a group that says it is concerned about animals but didn’t attempt to halt the abuse at Fair Oaks Farm.