Fairbanks Foundation launches $10M second phase of College Matters initiative
The second phase will provide funding for up to six public high schools in Marion County to develop their own plans to get more students into college.
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State files to dismiss media legal challenge to law enforcement ‘buffer zones’
The state’s highest legal office filed to dismiss a challenge Friday from a group of media entities to the state’s “buffer zone” law, which creates a 25-foot zone around law enforcement officers during certain activities.
Phyllis Armstrong named next CEO of Child Advocates
Armstrong will succeed longtime CEO Cindy Booth, who is retiring after nearly 30 years with the children’s advocacy organization.
CVS to launch reimbursement model to simplify drug pricing
The biggest U.S. drugstore chain aims to make the payment system more transparent by using a formula based on a drug’s cost, a fixed markup, and a fee that reflects the value of the pharmacy services, the company said Tuesday.
Alabama firm buys Keystone, Greenwood shopping centers for $27.5M, seeks more upscale targets
The company’s primary investment focus is unanchored shopping centers located in more affluent areas of major cities. Its founder sees Indianapolis “as one of the most attractive cities in the Midwest.”
U.S. job openings fall to lowest level since March 2021 as labor market cools
The unemployment rate has come in below 4% for 21 straight months, the longest such streak since the 1960s.
Former Colts punter Hunter Smith launches Statehouse bid
Smith said he would prioritize bipartisanship, “balance” and “dialogue,” and was also clear in calling himself a “pro-life conservative” and “pro-school choice.”
Indianapolis doctor sanctioned by pharmacy board for unsanitary conditions, misbranded drugs
Dr. Leonard Dale Guyer has been the subject of controversy several times over the past two decades.
Council votes to approve creation of downtown enhancement tax
The 19-5 vote, which followed party lines, creates an economic enhancement district—or EED—bound by North, East, South and West streets—the Mile Square—that would see increases to property taxes within those boundaries.
City-County Council approves downtown sports taxing district, purchase of Broad Ripple Family Center
The council also approved tens of millions of dollars in bonds to support the redevelopment of Old City Hall, a demolition of the former Jail I building and renovation of portions of the City-County Building. Also passed Monday was a plan to create a study commission on the use of artificial intelligence.
OpenLane plans to expand Canadian presence with $95M acquisition
Carmel-based OpenLane announced Monday that it plans to acquire Manheim Canada from Atlanta-based Cox Automotive in a $95 million deal that’s expected to close within 30 days.
In race to develop obesity drugs, Roche acquires California biotech for $2.7B
The company, Carmot Therapeutics, has numerous drugs under development. Its lead asset is a once-a-week injection that is in mid-stage development for the treatment of obesity.
Plainfield warehouse serves as auction hub for returned goods at deep discounts
Online auction hub AllSurplus Deals opened Nov. 17 in a Plainfield warehouse to sell returned and overstock items directly to the public.
University of Notre Dame names new president
The Rev. Robert A. Dowd will be the next president of the University of Notre Dame, succeeding current President John Jenkins.
Slowest housing market in years weighing on consumer spending
Home loan rates have started drifting lower amid growing hopes the Fed will start to expand the money supply again next year, but it could take years for the housing market to return to normality.
IEDC sponsoring Bloomberg climate talk at COP28
The Indiana Economic Development Corp. is one of seven sponsors of a two-day event happening against the backdrop of the United Nations Climate Change Conference in Dubai.
Biz economists predict cooling inflation, recession avoidance
Only 24% of economists surveyed by the National Association for Business Economics said they see a recession in 2024 as more likely than not.
WTHR meteorologist Greene signs off after 10 years at WTHR
Kelly Greene has been delivering TV weather forecasts in Indiana for the past two decades,
OxyContin maker’s bankruptcy deal hits Supreme Court, with billions at stake
The agreement hammered out with state and local governments and victims would provide billions of dollars to combat the opioid epidemic. The decision also has implications for other major product liability lawsuits settled through the bankruptcy system.
IBJ Podcast: How Westfield resident Joey Chestnut makes a good living in competitive eating
Chestnut is the first to admit that competitive eating is a little weird, but he has a natural affinity for it, and it allows him to make hundreds of thousands of dollars a year.
