IndyCar champ Alex Palou declares he will be at McLaren in 2023
The soap opera over Palou’s future continued with more twists and turns than the Spaniard will face in Saturday’s road course race at Indianapolis Motor Speedway.
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U.S. House sends bill to aid computer chip industry to Biden
Indiana economic development leaders have been hoping for passage of the bill because the state would like to tap federal funding to land a $1.8 billion semiconductor plant at Purdue University.
Waxahatchee sees silver lining in pandemic timeline of ‘Saint Cloud’
Waxahatchee, otherwise known as singer-songwriter Katie Crutchfield, will bring her tour to Nickel Plate District Amphitheater in Fishers.
Manchin wins big nods to oil in deal ending logjam on climate
The breakthrough spending deal reached by Sens. Joe Manchin and Chuck Schumer would commit a historic $370 billion to combat climate change, but it comes at a cost that some green activists are finding impossible to accept.
Watchdog: US Bank workers opened fake accounts for sales goals
For more than a decade, US Bank pressured its employees to open fake accounts in their customers’ names in order to meet unrealistic sales goals, the Consumer Financial Protection Bureau said Thursday.
Unemployment claims top 250,000 for second straight week
Fewer Americans applied for jobless benefits last week, but the previous week’s number was revised upward significantly, with claims breaching the 250,000 level in back-to-back weeks for the first time in more than eight months.
Rejected by courts, retirees take last shot to save pensions
An estimated 20,000 Delphi workers, including more than 4,000 in Indiana, were hurt by the 2009 GM bankruptcy, and many have spent the past 13 years fighting to get back what they lost.
Nevada-based logistics firm plans $28M Midwest HQ expansion in Whitestown
ITS Logistics LLC plans to expand its Midwest headquarters in Whitestown by 1.4 million square feet, growing its campus to more than 2 million square feet with 350 employees by 2024.
U.S. economy shrank 0.9% last quarter, its 2nd straight drop
The decline that the Commerce Department reported Thursday in the gross domestic product—the broadest gauge of the economy—followed a 1.6% annual drop from January through March.
JetBlue agrees to buy Spirit for $3.8 billion
The agreement would create the nation’s fifth-largest airline, with a fleet of 458 aircraft.
Manchin says he has reached deal with Democrats on economy, climate bill
The deal aims to lower health-care costs, combat climate change and reduce the federal deficit, marking a massive potential breakthrough for President Joe Biden’s long-stalled economic agenda.
Drive-thru coffee shop 7 Brew plans expansion to Indianapolis
Arkansas-based 7 Brew launched a franchise program after the founders of Jimmy John’s and Lone Star Steakhouse invested in the company.
IPS reports jump in share of freshmen on track to graduate
Some of the biggest gains happened at Crispus Attucks and George Washington high schools, which each reported an increase of 20 percentage points for on-track rates compared to last year.
Ag tech startup closes $3.5M funding round for livestock fertility platform
The technology, Fertile-Eyez, analyzes swine fertility, which enables livestock producers to accelerate reproduction among the herd.
Ex-congressman from Indiana gets bail in stock fraud case
U.S. District Judge Richard M. Berman in Manhattan also ordered Stephen Buyer of Noblesville to stay in the continental United States while four counts of securities fraud are pending against him.
With Frontier deal dead, Spirit ponders sale to JetBlue
Spirit Airlines and Frontier Airlines agreed Wednesday to abandon their merger proposal, opening the way for JetBlue Airways to acquire Spirit after a months-long bidding war for the budget carrier.
Facebook reports first-ever decline in revenue, hinting at darkening economy
Facebook executives warned that marketers are pulling back spending in part because of an uncertain economic environment, which has some experts warning a recession could be on the horizon.
U.S. Senate passes bill to boost computer chip production in United States
| Associated Press and IBJ Staff
Indiana Gov. Eric Holcomb praised the Senate’s vote in a written statement. Holcomb and state economic development leaders are rooting for the bill because the state would like to tap federal funding to land a $1.8 billion semiconductor plant at Purdue University.