Macy’s shares soar as profit surpasses expectations
With customers in a mood to spend, particularly on clothing, Macy's surpassed all profit and revenue expectations for the first quarter of the year and raised its outlook.
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Calumet Specialty shows improvement in delayed quarterly report
The Indianapolis-based fuel products refiner again lost money, but the loss was smaller than a year ago and indicated that cost-cutting efforts at the company are having an impact on the bottom line.
Amid uncertainty, Colts sell fewer season tickets
The percentage of season-ticket holders who repurchased their seats for the upcoming season fell far short of last season’s number. Some didn’t renew over an issue that continues to spark controversy.
Who will referee billion-dollar sports betting industry?
Now that the U.S. Supreme Court has cleared the way for states to legalize sports betting, the race is on to see who will referee the multibillion-dollar business of gambling on pro and college games.
Indiana lawmakers plan summer study on sports betting, child welfare
Over the summer, the General Assembly will look at more than 50 topics ranging from industrial hemp to short-term rental taxes.
U.S. retail sales continue rebound with solid April showing
U.S. retail sales rose at a solid pace in April, a sign that consumers are bouncing back from weak spending earlier this year and driving stronger economic growth.
Closure puts future of Tim Hortons in Indianapolis area in doubt
The Canada-based coffee and doughnut chain had plans for at least five Indianapolis-area locations, but it already plans to shut down the first one after only a few months in operation.
Ambrosia-inspired restaurant, ice cream shop slated for Fountain Square landmark
One of the city’s best-known Italian restaurateurs and a Fort Wayne-based purveyor of quirky frozen treats will be neighbors in the 90-year-old building that anchored Fountain Square’s revival.
Pacers Bikeshare system plans $1.2M expansion, thanks to federal grant
The Indiana Pacers Bikeshare system plans to almost double the number of bicycles and stations across the city of Indianapolis next year.
High-end auto shop buys north-side building for restoration, storage services
A car-care staple in Meridian-Kessler is expanding to the Keystone Avenue corridor to open up space for rejuvenating classic models and giving their owners a white-glove option for storage.
Council panel advances $2.9M in financing for new Duke Realty headquarters
An Indianapolis City-County Council panel on Monday night unanimously advanced proposals that would help Duke Realty Corp. move its headquarters from Carmel to a new $28 million office building it would build in Indianapolis.
Martinsville’s Rodric Bray to succeed David Long as leader of Indiana Senate
It took less than an hour for Republicans to elevate Bray from his position as Senate majority floor leader, although he won’t be officially elected president pro tem until November.
UPDATE: Lawmakers send five bills to governor after closing special session
Gov. Eric Holcomb signed all five bills without fanfare Monday afternoon, including a school-takeover measure that will further reduce the authority of the Gary school board while allowing Ball State University to take over Muncie schools.
Eli Lilly to spend up to $575M to reacquire oncology compound it discovered
The Indianapolis-based drugmaker said the compound, called AK-01, could be useful for multiple types of tumors.
Indiana casinos want to offer sports betting but need state lawmakers’ OK
The U.S. Supreme Court ruled Monday that states can legalize sports betting. Indiana lawmakers will likely study the issue before their 2019 session.
Indiana House OKs school-safety funding as special session gets underway
A bill making an additional $5 million available for safety improvements was approved Monday morning by the Indiana House as the first major action taken during what's expected to be a one-day special session of the state General Assembly.
Trump health secretary: Drugmakers must help cut prices, or else
Alex Azar, secretary of Health and Human Services and a former executive of Eli Lilly and Co., said Monday that the Trump administration plans to turn up the heat on uncooperative pharma firms.
Indianapolis developer picked for $120M redevelopment project
Flaherty & Collins Properties was selected by the city of Valparaiso to develop a $120 million mixed-use project at the former Anco factory site.
Lilly shareholders reject proposals to lower takeover barriers
Failure to approve the proposals keeps Eli Lilly and Co.’s supermajority-vote requirement for takeovers and staggered board elections intact.
City-County councilor named CEO for Boys & Girls Club of Indianapolis
Maggie Lewis, who will continue serving on the council, has prior leadership experience with not-for-profits.
