UPDATE: Crafts and fabric retailer Joann closing 533 stores nationwide
| IBJ Staff and The Washington Post
The retailer’s closure list includes 20 stores in Indiana, including a pair of local stores.
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IBJ corrects errors in stories and columns. When those are errors of fact or clarifications of context or tone, we will put those corrections here, with links to the corrected stories.
Indiana House passes bill to create state agency supporting small businesses, entrepreneurs
House Bill 1172 has broad support from the business community, including the Indiana Chamber of Commerce and the Indiana chapter of the National Federation of Independent Business.
ACLU sues Indiana State University for allegedly canceling pride festival on campus
A lawsuit, filed Tuesday in the U.S. District Court for the Southern District of Indiana, argues that the decision violates the First Amendment rights of plaintiff Pride Center of Terre Haute, Inc.
World Food Championships event plans encore in Indianapolis
The World Food Championships will make good on a pledge to return to Indianapolis following the event’s first visit to the city in 2024.
Could obesity drugs help with alcohol cravings? New study suggests potential.
The results add to evidence from animal studies and reports that people are finding the drugs helpful to manage cravings, not just for food, but also for tobacco and alcohol.
Indianapolis property manager sentenced in multimillion-dollar Ponzi scheme
Herbert “Bert” Whalen, 50, pleaded guilty to conspiracy to commit wire fraud for misrepresenting the poor conditions of properties managed by his company, Indianapolis-based Oceanpointe Property Management.
Indianapolis-based sweets company shutting down, closing north-side store
Newfangled Confections, which acquired another beloved Indianapolis brand in 2020, is closing operations in late spring, founder Carrie Abbott shared on social media Tuesday.
Inflation rose in January as prices for groceries, housing picked up
Wednesday’s data could strengthen the case for the Federal Reserve to remain in an extended pause mode while the economy is strong and inflation remains elevated.
Attorneys inundated with questions from businesses, nonprofits about Trump’s policy moves
The topics of the inquiries range from grant funding to tariffs to immigration to diversity, equity and inclusion.
Indiana Orthopedic Institute set to open as first tenant in Noblesville’s Innovation Mile
The 38,000-square-foot Indiana Orthopedic Institute building is designed for a range of orthopedic procedures focusing on hip and knee replacement.
Trump OKs $782M loan to Indianapolis company’s sustainable jet fuel subsidiary
Montana Renewables is a subsidiary of Indianapolis-based Calumet Specialty Products Partners LP. Calumet launched Montana Renewables in 2021 with the goal of becoming one of the top renewable diesel producers in North America.
Trump executive order vows substantial cuts to federal workforce
The executive order gives billionaire Elon Musk’s DOGE, tasked with finding government inefficiencies, even more power than it has amassed in the first three weeks of the new administration.
Trump readies matching tariffs on trade partners, possibly setting up major economic showdown
President Donald Trump is taking additional action to upset the world trade system, with plans to sign an order as soon as Wednesday that would require that U.S. tariffs on imports match the tax rates charged by other countries.
Morgan County planners recommend approval for proposed data-center campus
The Morgan County Plan Commission on Monday decided to give a favorable recommendation for a rezoning request that would pave the way for a data center on a 391-acre site in the northern part of the county.
Kite Realty sees quarterly rise in revenue, profit
| Mickey Shuey and Associated Press
The Indianapolis-based retail real estate investment trust reported fourth-quarter funds from operations that met analyst expectations.
Ivy Tech ‘sunsetting’ its Office of Diversity, Equity and Belonging
Ivy Tech President Sue Ellspermann said the decision was a proactive move to protect funding amid federal orders and state legislation targeting diversity, equity and inclusion efforts.
Doug Boles named president of IndyCar
The promotion was among a series of leadership updates announced Tuesday by Penske Entertainment Corp.
Powell says Fed ‘well positioned’ for ‘risks and uncertainties’ that lie ahead
The Federal Reserve is prepared to keep its key interest rate unchanged for now as inflation remains elevated and the job market is solid, Chair Jerome Powell said Tuesday.
Simons’ downtown hotel, entertainment project gets green light for forgivable $25M city loan
Specific details for the loan, which could be forgiven if the Simon family’s development affiliate meets certain terms, are expected to be finalized in coming months.
