Fed likely to send reassuring note of patience on rate hikes
With pressures on the U.S. economy rising, the Federal Reserve has been signaling that it’s in no hurry to resume raising rates after having done so four times in 2018.
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Schurz Communications selling its newspapers, including eight in Indiana
Media company Schurz Communications Inc. announced an agreement Monday to sell all 20 of its newspapers, including eight papers in Indiana, to New York-based GateHouse Media Inc.
Developers bid on IPS downtown HQ, but district leaders unimpressed
Indianapolis Public Schools staffers are expected to ask the board this week to reject two proposals to buy the district’s downtown headquarters, after the offers came in well below expectations.
Illinois lawmakers consider raising tobacco-buying age to 21
The decision could have implications on Indiana, where the legal age for tobacco is 18.
Local venture firm invests $2.5M in company that makes food from waste
Renewal Mill is the first announced recipient of funding from HG Ventures, the venture capital arm launched last year by the Indianapolis-based Heritage Group.
Lack of disclosed price kept these deals off the list
Here are notable Indianapolis-area mergers and acquisitions that closed in 2018 for which financial details were not available.
IBJ Podcast: Deaths are increasing among Indy’s homeless population. What can be done?
CHIP Executive Director Chelsea Haring-Cozzi, Horizon House Planning Manager Melissa Burgess and IBJ reporter Hayleigh Colombo join host Mason King for a discussion about the problem of deaths among the homeless population in Indianapolis.
Economy likely to pick up, though pain may linger for some
S&P Global Ratings estimates that the economy lost $6 billion because of the government closure—a sizable but relatively negligible sum in a $19 trillion-plus U.S. economy.
Embattled Indy Council Democrat Stephen Clay decides to skip reelection bid
Democrats were not planning to endorse him at their upcoming pre-primary convention as their preferred candidate for District 13, which is on the northeast side.
UPDATE: Radio host Michael Grady leaving local sports-talk show
Michael Grady, a former sports reporter at WRTV Channel 6 and public address announcer for the Indiana Pacers, has co-hosted the “Grady & Big Joe Show” for eight years. Station owner Emmis has already lined up a replacement.
Trump reaches deal with Congress to reopen government for three weeks
Yielding to mounting pressure and growing disruption, President Donald Trump and congressional leaders on Friday announced a short-term deal to end the shutdown while negotiations continue over funding for a wall at the U.S.-Mexico border.
Existing-home sales see small rise in 2018 despite tough December
Higher prices, low inventories and climbing interest rates have all combined to slow growth in the market.
Clarks shoe store closing at Circle Centre
The downtown mall has hemorrhaged tenants in recent years, including the loss of its two department store anchors.
Republic’s flight schedule affected by overnight systems glitch
The Indianapolis-based airline said the problem has now been fixed, though some of its flights will be affected Friday as it works through its schedule.
Trump associate Stone arrested, faces obstruction charge
The indictment provides the most detail to date about how Trump campaign associates were aware in the summer of 2016 that emails had been stolen from the Hillary Clinton campaign and wanted them released.
Lilly cancer drug shouldn’t be started in new patients, FDA says
Lartruvo shouldn’t be started in new patients, and those patients already taking it should ask their doctors if they should continue, U.S. regulators said, following a key study that failed to show the medicine prolonged lives.
Bill to make civics test a graduation requirement advances at Statehouse
Sen. Dennis Kruse, R- Auburn, said he authored the bill to ensure high school students would better understand their government and country.
NCAA’s Emmert expresses concern over wagering, esports
NCAA President Mark Emmert sounded alarms Thursday on the potential impact of sports betting on college sports, along with how esports should be handled by schools.
Tech lobbying group focusing on talent, capital, place at Indiana Legislature
The goals for the Indiana Technology and Innovation Association—which includes members from more than 100 companies, from startups to major players such as Salesforce and AT&T—boil down to getting more high-skill workers here and finding more venture capital dollars for companies.
Indiana lawmakers approve policies banning sexual harassment
House members approved the policy in a unanimous voice vote Thursday after the Senate adopted a similar policy two weeks ago.