Year gets off to slower start for Indianapolis-area homebuilders
A slowdown in home construction that began in central Indiana in late 2018 continued into the new year.
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Amazon paid no federal taxes on $11.2 billion in profits last year, according to group’s analysis
Thanks to a variety of tax credits and a significant tax break available on pay handed out in the form of company stock, Amazon actually received a federal tax rebate of $129 million last year, giving it an effective federal tax rate of roughly -1 percent.
IBJ Podcast: Chef Hardesty’s new SoBro project isn’t a traditional restaurant but you can get a meal there
Renown local chef Greg Hardesty talks about his plans to offer private dining, a coffee bar, pop-up meals and more—even a service to supply home chefs with hard-to-find ingredients.
Trump says he might extend deadline in U.S.-China talks
President Donald Trump said that “there’s a possibility” he would extend a March 2 deadline in trade talks with China if the two countries are closing in on a deal.
Panel pitches overhauls of Irvington properties, but without owner input
The out-of-town group hired by the city has suggested pursuing some big ideas for mixed-use and recreational developments, but it hasn’t talked with the owners of the properties in question.
FullBeauty Brands exits bankruptcy in record time, adds ‘transformation’ officer
Freshly emerged from what’s believed to be the fastest Chapter 11 bankruptcy case ever, online retailer FullBeauty Brands has hired a new executive to help the company reshape itself.
Indiana House panel shoots down bill to tighten oversight of huge farms
The panel voted 9-3 to defeat a bill that would have given the Indiana Department of Environmental Management more authority to deny permits to huge farms known as “confined feeding operations.”
Tirico named to host NBC’s inaugural coverage of Indy 500
Mike Tirico, who has built a reputation for covering some of the biggest events in sports, will take on the Indy 500 for the very first time as TV coverage switches from ABC to NBC.
Many steel tariffs waived even with tough trade talk
Hundreds of companies have received permission to import millions of tons of steel without paying tariffs. Two subsidiaries of Japanese companies, both in the suburbs of Indianapolis, had vastly different experiences with the waiver requests.
Payless ShoeSource to close all stores, report says
The chain, which is preparing to file bankruptcy for the second time in two years, has more than 50 locations across Indiana.
Indiana teachers unions want more, but would they walk out?
State teachers union leaders aren’t encouraging such a dramatic step at this point, but other local leaders say they want lawmakers to know that teachers are fed up and fired up.
Promising beer-service technology firm files for bankruptcy
SteadyServ Technologies LLC, a Fishers-based company identified as one of the most innovative startups on the planet just a few years ago, now is now struggling to survive.
Impeachment investigation sought of Indiana attorney general
Rep. Ed DeLaney, D-Indianapolis, said he submitted the request Thursday asking that the House Judiciary Committee investigate Hill's conduct and whether he should remain in office.
Congress OKs border deal; Trump to sign, declare emergency
Congress lopsidedly approved a border security compromise Thursday that would avert a second painful government shutdown, but a new confrontation was ignited.
Report finds problems with student loan servicing, oversight
The nine companies and organizations tasked with servicing the accounts of the nation's 30 million student loan borrowers repeatedly failed to do their jobs properly over a period of years, a new report finds.
Illinois set to hike minimum wage to $15, highest in Midwest
Republicans argued the law will cost jobs in a state where statistics show more than 60 percent of residents live within 40 miles of a state border.
EPA too slow on limiting toxic chemicals, critics say
Under pressure from Congress, the Environmental Protection Agency said Thursday it would move toward setting safety limits for a class of highly toxic chemicals contaminating drinking water around the country.
Shelbyville hospital to partner with YMCA on indoor pool, health center
Major Health Partners is providing most of the money for the project—$15 million—and the city of Shelbyville and Shelby County each are committing nearly $1.6 million.
Amazon ditches New York headquarters plan, won’t look elsewhere
Amazon said Thursday it does not plan to look for another location, and will continue to build out HQ2 offices in Arlington, Virginia, and a logistics hub in Nashville, Tennessee.
Indy Eleven tries to win state lawmaker support for stadium project
Supporters of a proposal to build a permanent stadium for the Indy Eleven tried to make their case before key state lawmakers Thursday morning.