As Fed ends meeting, few expect much clarity on next hike
The Fed is expected to issue a statement that acknowledges the strengthening economy without providing much explanation about when the next rate hike might occur.
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Retailer Target leaving IndyCar after 27 seasons as sponsor
Target Corp. will leave IndyCar at the end of this season after 27 years with Chip Ganassi Racing that included 11 championships and four Indianapolis 500 victories.
Angie’s List swings to a profit, misses on revenue
The home-services review company earned $4.8 million in the second quarter, marking the fifth time in the last seven quarters it has turned a profit. But revenue continued to slip as the company overhauled its business model.
Simon raises dividend, outlook on solid quarterly results
The mall owner said funds from operations, a key performance measure, remained flat, but they beat analyst estimates by a penny.
Speedway boss vows to make changes to revive Brickyard 400
As sponsors and fans grow antsy, Indianapolis Motor Speedway and NASCAR officials are looking at a number of changes to next year’s Brickyard 400. Some of them could be dramatic.
Swedish: Anthem’s commitment to Cigna deal ‘as strong as ever’
Analysts have speculated Anthem and Cigna would part ways in the wake of a lawsuit the Department of Justice’s Department’s antitrust division filed last week seeking to block the deal.
Lilly CEO Lechleiter to retire at end of year
John Lechleiter has been the company’s CEO since 2008. The announcement Wednesday morning of his retirement comes one day after the firm announced strong revenue and profit for its second quarter, indicating that Lechleiter’s initiatives have paid off.
Anthem CEO maintains
Anthem Inc. CEO Joe Swedish said in a statement Wednesday that “our commitment to the pending Cigna acquisition remains as strong as ever,” the latest sign that the Indianapolis-based health insurer is going to battle to close the $48 billion acquisition. Swedish ‘s statement was part of Anthem’s press release reporting second quarter results, which […]
Stock maneuver helps Emmis avoid delisting from Nasdaq
Nasdaq said in a notice Monday that it informed Emmis Communications Corp. that the company was “now in compliance with all applicable requirements for continued listing on Nasdaq.”
$15 billion Volkswagen emissions deal clears first hurdle
A nearly $15 billion settlement over Volkswagen's emissions cheating scandal cleared a key hurdle Tuesday, with a federal judge giving preliminary approval to the deal that includes an option for owners to have the carmaker buy back their vehicles.
CNO reports higher profit, tops analyst expectations
Carmel-based CNO Financial Group Inc. on Tuesday reported quarterly earnings that slightly exceeded analyst predictions.
Amos Brown’s replacement, Rev. Michael Jones, dies unexpectedly
The Rev. Michael K. Jones, a pastor, radio host and the son of the late civil rights leader Sam Jones, died unexpectedly Tuesday morning at age 52.
Roundup: Wine and small plates restaurant coming to Carmel; Flamme Burger plans second location
Stomping Barley is expected to open near the corner of 146th Street and River Road before the end of the year.
Carmel software firm lands $1.5M in VC from big names
Founded in early 2015, Bolstra pivoted to selling software this spring and then secured equity capital from Bill Godfrey’s 4G Ventures, among others
Survey: American consumers’ confidence remains steady
The Conference Board said Tuesday that its view of today’s economy rose to the highest level since September, but its outlook for the next six months slipped.
Michigan Street to go both ways through IUPUI campus
Work soon will begin on the project, which also will add bike paths, new sidewalks, a bus lane and new crosswalk signals to the thoroughfare between West Street and White River Parkway.
Holcomb wins bid to run against Gregg for governor
State Republicans selected Indiana Lt. Gov. Eric Holcomb to replace Gov. Mike Pence on the gubernatorial ballot during a meeting Tuesday.
Existing home sales, prices rise amid tightening inventory
Existing-home sales in central Indiana increased 5.4 percent in June and the average price rose to $203,913.
City seeks input on new use for Butler-Tarkington fire station
The 84-year-old building at 56th and Illinois streets is expected to draw plenty of interest from restaurateurs due to its proximity to the neighborhood’s prime commercial corner.
Lilly beats analyst expectations, lays out bright outlook for rest of decade
CEO John Lechleiter said the company's strong R&D pipeline has put it on track to report average annual revenue growth of at least 5 percent through the remainder of the decade.
