After the Fed’s likely rate hike this week, all bets are off
On Wednesday, the Fed is set to announce its fourth rate hike of the year. But after this week, no one is sure what it will do. Neither, most likely, is the Fed itself.
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Merritt mulling mayoral run after quitting job as GOP county chairman
State Sen. Jim Merritt told IBJ on Monday morning that he’s doing his due diligence on a potential campaign for mayor, leaving the Marion County GOP temporarily without a leader.
Anthem among health care stocks suffering after Obamacare ruling
While many analysts expect the ruling to be reversed by higher courts, the news adds to volatility in a sector that had barely recovered from political static this year.
Veteran WTHR evening anchor calling it quits after delaying retirement
John Stehr, 60, held off on leaving for several months but will finally take his last lap this week with a number of tributes to his four-decade career.
Pacers promote longtime Fever exec Krauskopf, giving NBA its first female assistant GM
Kelly Krauskopf, a significant player in Pacers Sports & Entertainment for 19 years, will relinquish her duties as head of the group’s esports initiative to join the front office full time.
IBJ Podcast: Salesforce’s Bob Stutz is Indy’s most important tech exec you don’t know
IBJ tech reporter Anthony Schoettle interviewed Stutz and found him surprisingly relaxed and candid about his education and career, his life in Indianapolis and about what the city should do to help the tech industry thrive.
Indiana falling short on two workforce development goals
Gov. Eric Holcomb said he’s not disappointed to have fallen short on college re-enrollment and adult education initiatives, because the state had “set high goals.”
Obamacare thrown out by judge, raising insurance uncertainty
The decision Friday finding the Affordable Care Act unconstitutional comes just before the end of a six-week open enrollment period for the program in 2019.
Johnson & Johnson’s shares plunge on report of asbestos in baby powder
Analysts estimate that the company could be on the hook for as much as $10 billion to $20 billion in settlements from an estimated 11,000 pending talc cases.
Allstate plans to add more than 200 agents in Indiana
The insurer said it is looking for 15 new agency owners in Indianapolis who will hire 46 sales agents after they open for business.
Emmis cuts 35 employees involved in NextRadio, TagStation operations
Indianapolis-based Emmis Communications announced in October a decision to “dramatically reduce” the operations of NextRadio and TagStation after tens of millions of dollars in losses.
Indiana has good corporate citizens, but improvements still can be made, panelists say
Business and political leaders at the annual Engage Indiana event stressed the importance of public and private collaborations in helping improve communities and retain workers.
Genesco sells Zionsville-based Lids for just $100M to owner of retailer Fanzz
Lids is the second-largest of Nashville, Tennessee-based Genesco’s holdings, bringing in about a quarter of the company’s total revenue, but the retailer has been struggling.
Tentative contract agreement includes big raises for IPS teachers
A month after voters approved a vast funding increase for Indianapolis Public Schools, the administration and the district teachers union have reached a tentative deal for a new contract that would boost teacher pay by an average of 6.3 percent.
U.S. farmers see China’s return to soybean market as ‘drop in the bucket’
China’s return to the U.S. soybean market this week comes too little, too late for many farming families to put more Christmas presents under the tree this year.
Seafood restaurant planned for hotel across from Bankers Life Fieldhouse
The new locally developed seafood eatery is one of four retail tenants that have agreed to lease space in the dual-branded Hyatt Hotel development across from Bankers Life Fieldhouse. The restaurant plans a second location at the Yard at Fishers District.
Council committee passes scaled-back proposal to extend parking-meter hours
The council’s Public Works Committee unanimously approved a proposal to standardize hours at all 4,000 parking-meter locations across the city.
Cousin sues Indy hotel developer over Crowne Plaza airport hotel entity
The lawsuit centers on Jim Dora’s alleged actions shortly before and after his father’s death in June 2016, with an entity, Airport Inn Developers, that owned and operated the Crowne Plaza Hotel near the Indianapolis Airport.
TechPoint, IUPUI ‘breaking the mold’ with new extended internship program
TechPoint officials say the new Xtern Semester program will begin to change local tech companies’ hiring processes and the way local universities prepare students to enter the workforce.