United Kingdom retailer buying Finish Line for $558M
The purchaser is not Sports Direct International, a United Kingdom-based firm that began buying up Finish Line shares last year, but rather its top rival, JD Sports.
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Indianapolis receives World Trade Center designation
The World Trade Centers Association announced the decision Monday morning after an application and approval process that lasted more than a year.
Carmel thumbs nose at Indiana’s new short-term rentals law
Indiana is the fourth state, following Florida, Idaho and Arizona, to approve statewide standards for short-term rentals.
FedEx kills plans for $259M distribution hub in Greenwood
The company cited automation and changes in its operational needs for the decision not to build the facility, which was to employ 450 workers.
IU Kelley School opens $14M career center for students, recruiters
The new Conrad Prebys Career Services Center includes about 70 interview rooms and is expected to serve more than 8,000 undergraduate and graduate students.
Stocks tumble again in biggest weekly decline since 2016
Concern is rising that that a trade war and higher borrowing rates could throttle global growth.
Sources say Kroger-Target merger report not accurate
Shares of Target Corp. and Kroger Co. jumped Friday morning after a business newsletter reported that the two retailers were in talks to merge. But several other media outlets said there was no truth to the report.
U.S. charges nine Iranians in massive hacking scheme
The Trump administration announced criminal charges against Iranians accused in a government-sponsored hacking scheme to pilfer sensitive information from hundreds of universities, private companies and American government agencies. Indiana was among the targets.
Hogsett proposes ‘cap and trade’ system allowing electronic billboards
Under the proposal, sign owners could convert existing billboards to electronic ones, as long as twice that amount of signage space is removed from the city’s urban core.
Local tax business accused of filing fraudulent returns in federal suit
The U.S. Department of Justice is accusing a tax preparation business with two locations in Indianapolis of reporting false information on federal income tax returns. It is seeking to shut down the business.
Macy’s to open new outlet concept at local shopping center
The retailer is bringing its Macy’s Backstage concept to the Indianapolis area, with an opening set for April 14. The concept has been credited with revitalizing sales at dozens of Macy’s locations.
Indiana’s unemployment rate eases down to 3.2 percent
Private sector employment grew by 5,200 over the month and is up 28,200 over the past year, the state said.
U.S. durable goods orders rise at fastest pace since June
Led by a surge in demand for commercial aircraft, U.S. orders for long-lasting manufactured goods rebounded in February.
Congress OKs $1.3 trillion budget, averting another shutdown
Senate passage shortly after midnight averted a third federal shutdown this year, an outcome both parties wanted to avoid.
Five universities partner to combat cybersecurity threats
Two of Indiana’s universities are part of the initiative is to help higher education institutions reduce the time from first awareness of a cybersecurity threat to mitigation.
Lawmaker sexual harassment bill signed into law
Gov. Eric Holcomb signed a law Thursday requiring Indiana lawmakers to complete at least one hour of training a year intended to prevent sexual harassment.
Governor signs four laws combating Indiana’s opioid crisis
Like many states, Indiana has been struggling to contain the opioid epidemic, which has caused the number of overdose deaths to skyrocket and has led to a surge of children in foster care.
Songbook Foundation takes another step in museum pursuit
While it weighs what to do with its multimillion-dollar Asherwood donation, the Great American Songbook Foundation has been selected to participate in the American Alliance of Museum’s Museum Assessment Program.
Local firm rolls out software designed to help charities win donations
Super Service Challenge, a national not-for-profit aimed at helping charities raise money and in-kind contributions, is launching a new e-platform designed by Indianapolis-based Sells Group meant to connect companies, volunteers and not-for-profits in a whole new way.
Trade worries send stock market plunging
U.S. stocks took their biggest tumble in six weeks Thursday as investors reacted to the threat of an escalating trade war with China that has the potential to disrupt global growth.