U.S. new-home sales fall more than forecast to two-year low
The figures reflect a cooling market as the Federal Reserve raises interest rates to soften demand in the broader economy and tame decades-high inflation.
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Consumer goods giant Unilever hikes prices for products but expects strong sales
Unilever, which owns 400 consumer brands ranging from Ben & Jerry’s ice cream to Dove skin care, raised prices by more than 11% between April and June as inflation surged around the world.
Lafayette Square’s new owner points to $50M in upgrades so far
Owner Fabio de la Cruz said said the investment is only the start of what’s expected to be at least a $200 million project through his firm Sojos Capital LLC.
Consumer confidence slides for third straight month in July
The Conference Board said Tuesday that its consumer confidence index fell largely due to consumer anxiety over the current economic conditions, particularly four-decade high inflation.
Judge involved in 2019 downtown shooting agrees to never hold judicial office again
Embattled Crawford Circuit Court Judge Sabrina R. Bell, who was previously disciplined for her role in a shooting in downtown Indianapolis, has resigned following her arrest for allegedly hitting her ex-husband in front of their children.
Indiana abortion debate draws protest crowds as legislative hearings continue
Thousands of people arguing the abortion issue surrounded the Indiana Statehouse and filled its corridors Monday as state lawmakers began consideration of a Republican proposal to ban nearly all abortions in the state.
Biden pushes computer chips legislation in advance of Senate vote
The bill is being closely watched in Indiana, where manufacturers, research universities and economic development officials are rooting for its passage.
Walmart cuts profit outlook as shoppers adapt to inflation
Walmart’s move to lower its profit outlook in the middle of the quarter is rare and raised worries about how inflation, the highest in 40 years, is affecting the entire consumer sector.
Rents spike as big-pocketed investors buy mobile home parks
Driven by some of the strongest returns in real estate, investors have shaken up a once-sleepy sector that’s home to more than 22 million mostly low-income Americans in 43,000 communities.
Physician sues Witham Memorial Hospital, alleging violation of FMLA and Equal Pay Act
Dr. Kimberly Gatzimos, who was fired by Witham Memorial Hospital, is suing her former employer, claiming she was illegally discriminated against after becoming ill as a result of dangerous conditions at her office.
UPDATE: Ex-U.S. congressman Buyer among 9 charged in insider trading cases
| Associated Press and IBJ Staff
Stephen Buyer is accused in court papers of engaging in insider trading during a merger of T-Mobile and Sprint, among other deals. It said he leveraged his work as a consultant and lobbyist to make illegal profits.
UPDATE: Carmel police chief resigns less than a week after deputy chief’s suspension
Jeff Horner served as chief of the Carmel Police Department for about seven months before handing in his resignation from the position. Several hours after announcing the resignation, Carmel announced Horner would remain with the police force in another position.
Vice President Kamala Harris meets with Indiana lawmakers, abortion-rights advocates
The arrival of Vice President Kamala Harris comes as Indiana lawmakers meet in special session to discuss legislation to severely restrict abortion access.
Emmis founder Jeff Smulyan selected for Radio Hall of Fame
Jeff Smulyan will enter Radio Hall of Fame with Yankees broadcaster Suzyn Waldman, country countdown host Lon Helton and six others.
Hybrid work reduced employee attrition rate by 35%, study shows
With the unemployment rate near its lowest level in five decades, even some of the staunchest critics of work-from-home have changed their tune to attract and retain employees.
Feds sue poultry producers, alleging unfair worker practices
In its lawsuit, the Justice Department alleges the companies have been engaged in a multiyear conspiracy to exchange information about the wages and benefits of workers at poultry processing plants to drive down employee competition in the marketplace.
Local not-for-profits receive $260K in family homelessness grants
The funds will allow Family Promise of Greater Indianapolis to expand its apartment shelter program and support The Learning Tree’s tenant advocacy program.
Renewable energy farm builder IEA to be acquired for $1.1 billion
Infrastructure and Energy Alternatives Inc., which ranks as the 10th largest public company in the Indianapolis area, has agreed to be acquired by MasTec Inc., a Florida-based construction and engineering firm.
IBJ Podcast: The audacious challenge of choosing leaders for the inaugural Indiana 250
Host Mason King talks with IBJ Media CEO Nate Feltman and IBJ Editor Lesley Weidenbener about the goal of Indiana 250, which recognizes the state’s most influential leaders, and the challenge of choosing the honorees.
Irsay pays $6M at auction for Muhammad Ali’s ‘Rumble in the Jungle’ belt
In a tweet Sunday, Irsay confirmed he has acquired the belt for his collection of rock music, American history and pop culture memorabilia, which is currently touring the country.