Allison Transmission’s sales, profit surge to annual record
Allison Transmission Holdings Inc. saw sales rise 10 percent in the fourth quarter, capping a record year for the Indianapolis-based manufacturer.
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Developer plans $30M apartment project at former college site downtown
Milhaus’ 175-unit project, dubbed The Grid, will also include a 180-space parking garage and an enclosed outdoor courtyard with kitchen and lounge areas.
Anthem says bid to save Cigna merger was ‘cut off at knees’
Cigna Corp. officials did everything they could to sabotage a $48.9 billion merger with Anthem Inc., Anthem’s general counsel told a judge Monday.
Troubled Indiana virtual schools poised to lose charters
Two virtual schools were put on notice Monday night that their charters could be revoked after their authorizer alleged that thousands of enrolled students went semesters or sometimes years without earning any credits or even signing up for classes.
Airport sees second straight year of record passenger traffic
Growth in international airline traffic, fuller planes and the addition of 500 flights by Allegiant Air helped led to record passenger traffic at Indianapolis International Airport in 2018.
Council OKs $300K appropriation to assist homeless, panhandling population
The funds will allow the city to start a pilot job program for would-be panhandlers, offering work on projects like graffiti abatement, downtown cleanup or beautification.
New sign ordinance sails to City-County Council approval
The ordinance as originally proposed included a controversial provision that would have reversed the city’s ban on digital billboards, but the provision was removed earlier this month.
Brewery, restaurant to open in Carmel’s Midtown
Fork+Ale House will open in the Allied Solutions building this spring, serving beer, pizza and smoked meats among other items.
Lilly shareholders to vote on ‘near-drowning test’ in animals, other proposals in May
The Indianapolis-based drugmaker is facing calls by a national animal-rights group to end the “forced swim test” in small animals. Two months ago, drugmaker AbbVie said it would drop the test.
Powderkeg lands first round of growth funding
The funding round, the first for Indianapolis-based Powderkeg, was led by Elevate Ventures with participation from Stout Street Capital and tech entrepreneur and investor Scott McCorkle.
Indiana House passes $34.6B budget along party lines
The proposed budget includes an additional $286 million per year requested by the Indiana Department of Child Services and increases K-12 spending slightly more than suggested by Gov. Eric Holcomb.
Rolls-Royce pursues big contract that could boost local jobs by 150
Rolls-Royce announced Monday that it intends to bid on the Air Force’s B-52 bomber re-engining program, which would extend the fleet’s life until 2050.
Proposed sign ordinance to tackle height of freestanding business signs
The ordinance, if passed Monday night, will make several big business-sign changes that some residents say have been flying under the radar throughout the approval process.
Roche makes $4.8 billion acquisition bid for gene-therapy company
Spark Therapeutics Inc. will give Roche Holding a chance to make up ground in a field where single treatments may command more than $1 million. It also snaps up an asset that rivals like Novartis might have coveted.
Some worker visas in doubt as immigration crackdown widens
Some immigration attorneys and those who hire specialized workers under the H-1B program say they’ve seen unprecedented disruptions in the approval process since President Donald Trump took office in 2017.
Business economist group sees recession likely by 2021
Roughly half of the member economists in the National Association for Business Economics say they think the U.S. economy will slip into recession by the end of next year.
Indiana bill proposes felony charge if doctor misuses sperm
The Indiana Senate has approved a bill allowing felony charges if the deception involves a medical procedure, device, drug or human reproductive material.
Indiana launches $100M push for broadband to rural areas
Gov. Eric Holcomb said the Next Level Broadband program will bridge the digital divide, giving more rural Hoosiers access to the internet for business or personal uses.
Trump extends China tariff deadline, cites progress in talks
U.S. and Chinese negotiators met through the weekend as they seek to resolve a trade war that's rattled financial markets.
IBJ Podcast: Hate crimes, gambling, teacher pay at the Legislature’s halfway point
IBJ’s Lindsey Erdody, The Journal Gazette’s Niki Kelly and TheStatehouseFile.com columnist Mary Beth Schneider talk about which issues are moving forward and which ones are fading away.