Council OKs plan to issue $120M in debt to pay for road, bridge repairs
The debt, which would be secured by future revenue the city expects to receive from county option vehicle taxes and the increased gas tax, would be on the books for 20 years.
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Lilly’s Elanco spinoff expected to raise up to $1.45 billion in IPO
The Greenfield-based animal health unit is gearing up for independence after 65 years as part of drugmaker Eli Lilly and Co. But Elanco has been struggling, and top management will have to work hard to stabilize the operation.
Pence confident no one on his staff wrote NY Times column
More than two dozen high-ranking administration officials have denied writing the column. Vice President Mike Pence said his staff had nothing to do with it.
Local firm sells Meridian Street office complex for $37M after shoring up space
Ambrose Property Group acquired the tired and mostly vacant downtown complex out of receivership in 2014 and embarked on a $20 million renovation.
Governor plans business-development trips to Italy, Manitoba
Indiana Gov. Eric Holcomb and Lt. Gov. Suzanne Crouch are planning international economic development trips to help strengthen the state’s automotive and agriculture industries.
After wet weekend in Indy, racing begins at Brickyard
Following three solid days of rain, the first of two NASCAR races is under way at Indianapolis Motor Speedway.
Full loan relief rare for students defrauded by for-profit colleges
The Trump administration is granting only partial loan forgiveness to the vast majority of students approved for help because of fraud by for-profit colleges, according to preliminary Education Department data.
Walmart expects to double its truck-driver recruitment spending
Amid heavy demand for truckers, Walmart wants to reduce its driver hiring process from 70 days to 30, and pilot programs to do that are under way in Indianapolis and the company’s hometown of Bentonville, Arkansas.
China promises retaliation if U.S. imposes more tariffs
The threat came after President Donald Trump said Friday he was considering extending penalties to an additional $267 billion of Chinese products.
Butler named top Midwest regional university in U.S. News ranking
Purdue University finished in the top 20 among the nation’s top public schools and Indiana University’s business program fared well.
Brickyard 400 postponed until Monday afternoon
A full schedule of events planned for Indianapolis Motor Speedway this weekend were washed out by the rain.
IBJ Podcast: Park debuts with perch over two interstates
It took Tom Battista five years to get approval from the city, state and federal governments for The Idle, and just a couple months to build the micropark above the I-65/I-70 south split.
Amazon facing growing backlash for seeking big tax breaks in exchange for HQ2
As the world’s second-most-valuable public company weighs tax breaks and other goodies offered by 20 eager suitors, it stands accused of being a corporate welfare leech that should be giving the government and workers more rather than milking taxpayers.
Tesla stock falls after CEO appears to smoke joint during interview
In an overnight interview on the “The Joe Rogan Experience,” which appears on YouTube, Tesla CEO Elon Musk inhales from what the host says is a combined marijuana-tobacco joint and takes a sip of whiskey.
Media School at IU gets $6 million gift, plans investigative center
The university announced Thursday that the center will focus on the production and teaching of investigative journalism.
U.S. wage gains jump as hiring exceeds expectations
American wages unexpectedly climbed in August by the most since the recession ended in 2009.
Hurco shares jump after manufacturer reports record sales
Quarterly sales in Hurco’s European region rose to $44.1 million, a 31 percent jump over the same period of 2017.
Cumulus GM fired despite overseeing top-rated local radio stations
Tom Stemlar is out as Cumulus Media’s Indianapolis market manager, a move that surprised some advertisers. He was replaced by a radio veteran who most recently oversaw stations in Cincinnati.
Big Brothers Big Sisters buys Meridian Street building for new HQ
The not-for-profit, which matches at-risk children with adult mentors, expects to begin renovations on the 20,000-square-foot building by mid-October, with completion scheduled for April.
Indiana-based company to resurrect Carson’s, other Bon-Ton stores
The company said it was in “advanced discussions with landlords” about reopening stores in Indiana and several other states. Bon-Ton closed 15 stores in Indiana this year, including the Carson’s in Circle Centre mall.
