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IRS to go after executives who use business jets for personal travel in new round of audits

February 21, 2024 | Associated Press

The audits will focus on aircraft used by large corporations and high-income taxpayers and whether the tax purpose of the jet use is being properly allocated, the IRS says.

Biden’s latest student-loan plan cancels $1.2B in federal loans for 153,000

February 21, 2024 | Associated Press

The administration began sending email notifications on Wednesday to some of the borrowers who will benefit from what the White House has called the SAVE, or Saving on a Valuable Education, program.

FDA warns against smartwatches, rings that claim to measure blood sugar without needles

February 21, 2024 | Associated Press

About 37 million American have diabetes, which requires close monitoring of blood sugar levels. A doctor said using the unapproved devices could result in inaccurate blood sugar measurements, with potentially devastating consequences.

Federal Reserve officials worried that progress on inflation could stall

February 21, 2024 | Associated Press

In minutes from the Jan. 30-31 meeting released Wednesday, most Fed officials said they were worried about moving too fast to cut their benchmark interest rate before it was clear that inflation was sustainably returning to their 2% target.

Ford, UAW reach local contract agreement at Kentucky Truck plant

February 21, 2024 | Associated Press

The union said last week said that nearly 9,000 workers at the massive plant in Louisville would walk picket lines starting Friday if the contract dispute was not resolved.

Hogsett appoints director of metropolitan development, two other administration leaders

February 21, 2024 | Taylor Wooten

Megan Vukusich has been with the city of Indianapolis since September after a year as director of planning and zoning for the city of Fishers.

City-County Building

Hoosier Lottery to buy downtown building for $9.1M

February 21, 2024 | Niki Kelly, Indiana Capital Chronicle

The Hoosier Lottery has leased two floors of the building at 1302 N. Meridian St. since 2011.

National Bank of Indianapolis co-founder Morrie Maurer dies at 72

February 21, 2024 | Susan Orr

Under Maurer’s leadership, The National Bank of Indianapolis grew into the largest locally-owned bank headquartered in Indianapolis. It ranks among the 10 largest banks operating in central Indiana.

Banking contracts bill squeaks by in Indiana Senate vote

February 21, 2024 | Whitney Downard, Indiana Capital Chronicle

A bill allowing financial institutions to change contract terms on customers without explicit acceptance narrowly passed the Senate on Tuesday with a 28-21 vote.

Butler University launching career-focused courses via Butler+ initiative

February 21, 2024 | Susan Orr

The new initiative, which includes both degree and non-degree programs, is designed to meet the needs of working people who want to advance their careers.

Butler University

Scarlet Lane Brewing’s Irvington era ending after one year

February 21, 2024 | Dave Lindquist

Scarlet Lane Brewing Co. locations have decreased from five to two since December, with McCordsville and Beech Grove spots still in business.

Scarlet Lane Irvington

Indiana lawmakers vote to lift state ban on happy hours

February 21, 2024 | Associated Press

State Sen. Kyle Walker, the bill’s sponsor, told lawmakers Tuesday that the tourism and restaurant industries want the legislation in order to attract more patrons and increase food sales.

House committee delays vote on Blue Line bill after hours of testimony

February 20, 2024 | Taylor Wooten

Lawmakers on the Indiana House Roads and Transportation Committee heard nearly three hours of testimony Tuesday on Senate Bill 52, mostly from opponents who said the legislation would jeopardize the future of the planned Blue Line bus line and cause Indianapolis to lose out on $150 million in federal infrastructure improvements.

American Airlines raising bag fees, changing frequent-flyer program

February 20, 2024 | Associated Press

American easily led the industry by bringing in $1.4 billion in bag fees in 2022, the last year for which U.S. Transportation Department figures are available.

Amended bill would retain taxing district but some could opt out

February 20, 2024 | Mickey Shuey

An Indiana Senate committee on Tuesday adopted an amendment to a bill originally aimed at disbanding the recently-created Mile Square economic enhancement district, essentially keeping the designation in place, but with several changes.

Indiana suspends insurance broker for receiving Anthem’s confidential info from brother

February 20, 2024 | John Russell

Alan Sword, who sold Medicare Advantage plans on behalf of Anthem, was suspended in an emergency order issued Jan. 30 by Amy Beard, commissioner of the Indiana Department of Insurance.

Indiana environmentalists, manufacturers at odds over bill to protect toxic ‘forever’ chemicals

February 20, 2024 | Casey Smith, Indiana Capital Chronicle

HB 1399 seeks to carve out more than 5,000 “forever chemicals” from being defined as such by the state and its environmental rules board. That means chemicals deemed harmful in other states would no longer carry the same designation in Indiana.

U.S. casinos won $66.5B in 2023, their best year ever as gamblers showed no economic fear

February 20, 2024 | Associated Press

Indiana saw gambling revenue slip last year, but the state remains among the top 10 gambling markets.

Owner of downtown’s Capital Center listing two-tower complex for sale

February 20, 2024 | Mickey Shuey

Zeller Property Group, which purchased the 648,000-square-foot property in 2018 for $63 million, has spent more than $18 million to revamp the property. But its occupancy rate is just 61%.

Bill affecting dog breeders, pet stores clears Indiana Senate

February 20, 2024 | Whitney Downard, Indiana Capital Chronicle

Legislation establishing care standards for dog breeders and pet stores that would simultaneously void more than 20 local ordinances that ban retail dog sales moves back to the Indiana House after passing through the Senate on a 31-18 vote on Monday. 

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Susan Orr

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Daniel Bradley
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