Anthem shares fall as Obamacare slump weighs on outlook
Shares in Anthem Inc., the nation's third-largest health insurer by market value, dropped Wednesday after the company’s 2015 profit outlook fell short of estimates.
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Forecast for 2016: Strategist says slow economic growth ahead
If the U.S. economy were a compact car, it would be running on just three of four cylinders. That was the central message of a Fifth Third Bank expert at IBJ's 2016 Economic Forecast on Wednesday.
New study finds no teacher shortage in Indiana
The study, released Wednesday by Ball State University’s Center for Business and Economic Research, found there was actually an excess supply of teachers in the state.
IndyCar driver featured in children’s book aimed at finding next-generation fans
Josef Newgarden is teaming with Charlotte, North Carolina-based content development firm, Apex Legends, to publish a children’s book, “Josef, The IndyCar Driver,” that he hopes will not only teach youngsters to love reading—but racing as well.
Massive Greenwood retail project in works on I-65
Developer Gershman Partners is planning a $90 million retail project in Greenwood that would include 700,000 square feet of space, putting it on par with central Indiana’s major shopping centers.
Surge of new customers boosts Anthem’s profit
Anthem’s third-quarter profit rose nearly 4 percent as it added 174,000 health plan members. Its Medicaid, local employer and national employer segments all grew, although its individual business saw losses.
IndyCar keeps 16 races on schedule for longer 2016 season
IndyCar’s 2016 schedule features a holiday weekend race set for Boston, a return to two familiar venues and the 100th running of the Indianapolis 500. It’s also five weeks longer, starting earlier and finishing later.
Lawyer: Escort unlikely to talk with NCAA without immunity
The attorney for Katina Powell says his client is unlikely to cooperate with authorities and the NCAA unless she receives immunity for her allegations that a former University of Louisville men's basketball staffer hired her to conduct sex parties for recruits and players.
Lawmaker: Panel couldn’t reach consensus on drug legislation
A panel that reviewed Indiana's fledgling needle-exchange program couldn't agree on additional steps to combat the state's drug abuse woes, although measures targeting those problems are still in the works.
Pence joins Ritz in calling for pause of testing sanctions
The governor does an about-face and says accountability measures “should reflect fairness to our students, our teachers and our schools.”
Republic Airways pilots vote to approve labor agreement
Republic Airways Holdings Inc. announced Tuesday that a majority of its 2,100 pilots have approved a new three-year contract, ending a years-long labor dispute that threatened to put the regional airline out of business.
Indiana Landmarks finds buyer for Glossbrenner Mansion
A local holding company plans to spend $400,000 to refurbish the historic home on North Meridian Street for office space.
UPDATE: Walgreens to acquire Rite Aid for $9.4 billion
Walgreens is buying rival Rite Aid for about $9.41 billion in cash, creating a drugstore giant with nearly 18,000 stores around the world.
Pacers, Sun King partner to launch Tip-Off Ale
Pacers and Sun King officials think the commemorative blue-and-gold cans will be as popular at Bankers Life Fieldhouse this season as the beer inside. The new brew debuts Thursday.
Audi, Tesla and VW dealerships in Indy expansion mode
The new Tom Wood Audi debuts on the northeast side, while Tesla plans to open in Castleton and Andy Mohr steers toward a Volkswagen dealership in Avon.
Indians extend deal with MLB’s Pirates through 2020
The Indianapolis Indians have had a good month. The Triple-A Minor League Baseball team signed a rent-free, 20-year lease deal with the city for Victory Field two weeks ago and this week locked up a deal with its parent club.
Simon raises quarterly dividend, full-year forecast
A strong third quarter prompted Simon to boost its earnings forecast and raise its quarterly dividend to $1.60 per share, a 23.1 percent year-over-year increase.
UPDATE: Cummins plans 2,000 job cuts after disappointing quarter
The Columbus-based engine maker said it would lay off about 500 people in Indiana. Shares fell nearly 10 percent Tuesday after third-quarter profit trailed analyst estimates and the company reduced its annual sales forecast due to weakening demand for its heavy-duty engines.
Zionsville sells property near Creekside Corporate Park
After receiving no bids for projects for the southwest corner at 106th Street and Bennett Parkway, the Zionsville Redevelopment Commission has agreed to sell the acreage to Indianapolis-based Scannell Properties.
Downtown office market strengthening
The downtown submarket recorded its strongest quarter since late 2011 by absorbing about 110,500 square feet of space, which lowered vacancy to 18.8 percent, CBRE statistics show.