Walmart plans instant bank payments, cutting out card networks
The enhanced feature is a flash point in the escalating tensions between merchants and the card networks setting the fees for payment processing.
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Airport planning $47M solar canopy for parking lot
The project, which would see the construction of a new solar-covered canopy over a portion of a lot south of the airport’s parking garage, is expected to generate about 10% of the terminal’s total energy needs.
Weekly applications for jobless benefits fall to the lowest level in 4 months
Weekly filings for unemployment benefits, considered largely representative of layoffs, had risen moderately since May before this week’s decline.
Hendricks County agrees to pay $300K to settle zoning discrimination claims from Muslim group
Hendricks County government also agreed to change its zoning policies to settle allegations that it violated federal laws by denying zoning approval for an Islamic seminary and accompanying housing.
McCormick seeks to bring back net-metering, Energizing Indiana program
Jennifer McCormick, the Democrat running for Indiana governor, proposes banning ratepayer dollars from being used for lobbying and reinstating a Mitch Daniels-era energy-efficiency program, according to her utility policy plan announced Thursday morning.
Proposed $250M Noblesville development calls for 650 homes near Morse Reservoir
Morse Village would have 250 high-end single-family houses, 150 town houses, 250 multifamily residences and 30,000 square feet of commercial space and restaurants.
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Indianapolis software firm OnBoard names new CEO
Indianapolis-based software company OnBoard has hired Marc Huffman, a 25-year industry veteran, to lead the company, succeeding founding CEO Paroon Chadha.
Jesse Eisenberg’s ‘A Real Pain’ to open 2024 Heartland film festival
Films starring Cillian Murphy, Selena Gomez, Craig T. Nelson and Emily Deschanel will be screened during the 33rd Heartland International Film Festival, organizers announced Thursday.
Holcomb joins GOP ‘energy choice’ coalition to address energy prices
A group of Republican governors are pushing back against clean energy mandates—and Indiana Gov. Eric Holcomb has joined the effort.
City acquires former women’s prison property in land swap with state
In a deal announced Wednesday, Indianapolis will receive the former Indiana Women’s Prison site on the east side in exchange for a portion of Sherman Park and property that is home to the Indianapolis Animal Care Services municipal animal shelter.
Teamsters union declines to endorse Harris or Trump for president
The International Brotherhood of Teamsters declined said neither candidate has sufficient support from the 1.3 million-member union.
UPDATE: Rahal Letterman Lanigan’s Zionsville HQ site of FBI activity
The race team—which fields cars in the IndyCar and IMSA racing leagues—issued a statement Wednesday saying it is “cooperating fully with investigators” but did not elaborate on the type of inquiry underway.
Federal Reserve cuts key interest rate by a sizable half-point, signaling end to its inflation fight
The rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market, which has shown clear signs of slowing.
Some tech companies are still grappling with remote vs. in-office work—and there’s no consensus answer
In the Indianapolis area, some firms continue to operate remotely and say they wouldn’t have it any other way. Others, though, say their companies run better when employees are in the office at least some portion of the week.
Federal Reserve set to cut interest rates for first time in 4 years
At issue is how fast the Fed wants to lower interest rates to a point where they’re no longer acting as a brake on the economy—nor as an accelerant. Where that so-called “neutral” level falls isn’t clear.
IBJ Media names Greg Weaver editor of the Indiana Lawyer
Weaver will lead the four-person staff of the Indiana Lawyer, which is part of the IBJ Media newsroom that includes the Indianapolis Business Journal and Inside INdiana Business.
GM offering adapters to help electric vehicle owners access Tesla chargers
The Detroit automaker said Wednesday that it is opening up access to more than 17,800 Tesla Superchargers for its customers, with the use of a GM approved NACS DC adapter.
UAW moves toward Stellantis strike as tensions escalate
The United Auto Workers will ask members to green light a strike against Stellantis NV, escalating an already tense standoff with one of the world’s largest car manufacturers.
