Carmel council casts close vote to acquire shopping center
Some members of the Carmel City Council questioned whether $15 million might be too much to pay for the 8.7-acre property.
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Stocks surge, recovering much of last week’s losses
U.S. stocks rocketed to their biggest gain in six months Tuesday following strong earnings from major financial and health care companies as well as encouraging reports on the economy.
UPDATE: Bono resigns as interim CEO of USA Gymnastics after four days
Mary Bono, who was named interim president and CEO of Indianapolis-based USA Gymnastics on Friday, resigned Tuesday after coming under fire from high-profile gymnasts Aly Raisman and Simone Biles.
Regulators reject Valparaiso law school’s move to Tennessee
Valparaiso University and Middle Tennessee State University had approved transferring the struggling law school to the Volunteer State, but higher-education officials objected.
Employers hit hiring mark, post record number of open jobs
U.S. employers posted the most jobs in two decades in August, and hiring also reached a record high, fresh evidence that companies are desperate to increase staff amid solid economic growth.
U.S. industrial production gains for the fourth straight month
The Federal Reserve said Hurricane Florence reduced September output growth by less than 0.1 percentage points.
Simon to weather, maybe even benefit from Sears’ decline, analysts say
Indianapolis-based Simon Property Group and other mall landlords actually might be looking forward to redeveloping Sears’ massive stores with more promising tenants as the once-mighty retailer enters bankruptcy.
U.S. wants drug prices in TV ads: ‘Patients deserve to know’
The drug industry's main trade group said drug companies are only willing to disclose the prices on their websites, not in commercials, and they'll start doing that next spring.
Pacers keep key piece in place by giving Turner $72M deal
The signing means Indiana will have two key players—center Myles Turner and All-Star guard Victor Oladipo—under contract for the next three seasons.
Firms cite law in Missouri boat accident, seek mediation
Two companies facing multiple lawsuits over a tourist boat accident that killed 17 people, including nine members of an Indiana family, have invoked an 1851 law that allows vessel owners to try to avoid or limit legal damages.
Microsoft co-founder, sports, media owner Paul Allen dies at 65
Fellow billionaire and Microsoft co-founder Bill Gates said “personal computing would not have existed without” Paul Allen, who died as the world’s 27th richest person, with a fortune of $26.1 billion.
Insurer Anthem agrees to pay record $16M for massive data breach
The nation’s second-largest health insurer has agreed to pay the government a record amount to settle potential privacy violations in the biggest known health care hack in U.S. history, officials said Monday.
Hogsett’s $1.17B budget passes City-County Council by unanimous vote
The administration plans to spend $126 million on roads and bridges in 2019, about $30 million more than is slated to be spent this year.
High Alpha venture studio launches worker-safety software firm
Indianapolis-based venture studio High Alpha on Tuesday announced the start of a new cloud-based software firm that plans to market business-safety applications to reduce and prevent injuries for maintenance workers.
UPDATE: Braun raises more than Donnelly in Q3, but Donnelly leads in cash on hand
Sen. Joe Donnelly’s campaign reported a personal record in fundraising in the third quarter, but opponent Mike Braun’s campaign said it raised nearly twice as much, thanks to a boost from personal loans.
Lime, Bird seeking to capitalize on scooter-mania, sources say
Both Bird and Lime, which have entered dozens of markets this year, including Indianapolis, are seeking hundreds of millions of dollars in new capital, according to sources.
Purdue researchers develop adhesive that could make medical procedures safer
The researchers looked to the oceans to see how they could develop surgical materials from sea creatures such as mussels, barnacles and oysters, which can bond to wet rocks with protein-based adhesives.
Indiana child welfare agency to spend $22M on raises
The raises that will take effect Wednesday for more than 3,600 employees, or about 87 percent of the agency's staff.
Sears files for bankruptcy just as things are looking up for retail
With shoppers feeling more free to spend and nicer shopping malls on the upswing, bankruptcy is a clear sign of individual weakness, not an industry trend.
Manufacturer closing Muncie firm, laying off 130 workers
Less than three years after acquiring a manufacturer of metal components with operations in Muncie, JD Norman Industries Inc. has decided to close the facility and terminate its 130 employees in December.