U.S. stocks surge after China cuts interest rates
Stocks surged Tuesday morning on Wall Street, erasing some of the heavy losses of a day earlier, after China cut interest rates to try to boost the world's second-largest economy.
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Hedge fund ups Angie’s List holdings again, seeks board seats
Now with a 9-percent stake, New York-based TCS Capital Management says it’s after multiple board seats and plans to continue discussing options to maximize the firm’s value, including a sale.
Is Wayne just a pawn in Belichick’s war on Colts?
Some conspiracy theorists are bound to jump to the conclusion that the New England Patriots are signing Reggie Wayne just to get dirt on the Colts.
Toyota plans $16M expansion of Indiana forklift factory
Toyota has about 1,100 workers in the manufacturing facility, along with about 175 people working in sales, marketing and distribution.
Instacart rolls out grocery delivery service in Indianapolis
Instacart said it has hired 70 local shoppers who will pick up and deliver merchandise starting Tuesday from Marsh Supermarkets, Whole Foods Market, Petco, Georgetown Market and Costco.
IndyCar driver Justin Wilson dies of head injury
Justin Wilson became the first IndyCar driver to die from an on-track incident since Dan Wheldon, who was killed in the 2011 season finale at Las Vegas after his head hit a post in the fence when his car went airborne.
Broad Ripple jeweler spending $3M to redevelop downtown building
Nick Blum bought a vacant, three-story building south of Massachusetts Avenue and plans to move his Blumlux boutique there. The project will include luxury apartments and space for office users.
S&P takes significant hit amid global stock rout
The Standard & Poor’s 500 Index fell into a correction Monday for the first time since 2011 in one of the most volatile trading days ever, as a rout in global equity markets deepened.
Pacers receive CIB approval for $50M practice facility
The five-story practice facility across the street from Bankers Life Fieldhouse would contain a gymnasium and offices for basketball operations and Pacers Sports & Entertainment.
Priority list includes a sampler feast in the park, around-the-world journeys, more
Plus a cabaret stint from Norm Lewis, Broadway star of “Porgy & Bess” and “The Phantom of the Opera.”
Head of Indianapolis gymnastics academy arrested
Marvin Sharp, owner of Sharp's Gymnastics Academy, was charged with three counts of child molesting and four counts of sexual misconduct with a minor.
Surprising heart study could bring Lilly $1B annually
Eli Lilly and Co. didn’t win approval for a new drug last week. But its latest study of an existing diabetes drug could create a blockbuster in its own right—adding as much as $1 billion a year to the coffers of the Indianapolis-based drugmaker.
Carmel hires firm for City Center hotel, conference center designs
The Carmel Redevelopment Commission has agreed to pay up to nearly $25,000 for a firm to create initial designs for a potential hotel and separate conference center at City Center.
Market plunge driven by fearful investors fizzles in U.S.
A wave of fear triggered by instability in China initially doused U.S. stocks on Monday morning, but then quickly receded by noon.
Republic warns of Chapter 11 option if pilots reject contract
Republic Airways Holdings Inc., struggling with a pilot shortage as it works to reach a new contract, said the company may have to seek bankruptcy protection if its latest labor proposal fails.
Thoughts on Indianapolis Opera’s ‘The Man Who Mistook His Wife for a Hat’
With its season opener, IO boldly placed a bet that it can retain and/or find an audience committed to discovery rather than recognition.
Pacers want to build training complex on city-owned land
Pacers Sports & Entertainment is expected to ask the Capital Improvement Board to let it construct a building on city-owned land just east of Bankers Life Fieldhouse.
Pocono CEO says IndyCar return far from certain
Pocono Raceway CEO Brandon Igdalsky said it's "50-50" that IndyCar will return to the track next year. Crowds have been underwhelming the past two years.
Micro-brewery commits to new downtown events center
Round Town Brewery Co. has shelved plans to open on North Pennsylvania Street and instead is taking 16,000 square feet in Biltwell Event Center on the southwest edge of downtown.
U.S. stocks plunge at open after Chinese stock rout
Major U.S. stock indexes dropped more than 4 percent following the opening bell after China's stock market fell Monday by its biggest margin in eight years.