Michigan football’s sign-stealing fines will cost school more than $30M, athletic director says
The Indianapolis-based NCAA announced in August a series of punishments for a sprawling scandal that has loomed over the Wolverines for two years.
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IBJ Media launches AI-related podcast
Hosted by entrepreneur Jayson Manship, “Authentic and Agentic” will explore how artificial intelligence is reshaping business, culture and daily life.
Homebuilder proposes 67 homes as part of larger plan for area around Westfield park
Sugarleaf would be one of three developments built in the area around Simon Moon Park, but the plan is facing skepticism from nearby residents and City Council members.
Rahal Letterman Lanigan adds Mick Schumacher to IndyCar lineup
The son of seven-time world champion Michael Schumacher is leaving Formula 1 for IndyCar after 43 career starts in F1.
UPDATE: Indianapolis Star to relocate downtown office
The newspaper’s offices have been located in Circle Centre Mall since late 2014, when it spent $10 million to overhaul the former Nordstrom store space.
Pension system launches database to help Hoosiers get unclaimed retirement benefits
As of October, about 3,700 INPRS members were eligible to request their earned retirement benefits, with median monthly payments ranging from $545.50 to $783.50.
Amazon plans $15B data center investment in northern Indiana
Amazon said the new investment will add 2.4 gigawatts of data center capacity in the region.
Sinclair bids for rival TV broadcaster Scripps at $7 a share
The unsolicited bid from one of the largest U.S. TV broadcasters values Scripps at $538 million.
Indianapolis lab agrees to pay more than $9M in settlement over improper Medicare claims
The government says the lab billed Medicare for tests that were unnecessary or tied to improper referral arrangements.
Biglari Holdings’ lawsuit says it was deceived during purchase of Texas oil company
Biglari, owner of the Indianapolis-based Steak n Shake restaurant chain, alleges that the CEO fraudulently misrepresented Abraxas’ valued assets during negotiations to acquire the company.
Stephen Cox to leave top spot at Indiana Broadband Office
Cox, who has overseen the Indiana Broadband Office’s growth from two employees to 16 over the last two years, is departing this week.
Struggling Kohl’s names 4th CEO in as many years in attempt to staunch sales slide
Kohl’s has more than 40 stores in Indiana, including 14 in the Indianapolis area.
Encompass Health to build rehabilitation hospital in Fishers
The facility will be the third in Indiana for Encompass Health Corp., the nation’s largest owner and operator of inpatient rehabilitation hospitals.
Amazon data center tally tops 900 amid AI frenzy, documents show
Amazon’s cloud unit produced $33 billion in revenue in the third quarter and remains the company’s most-profitable division.
FAA preparing for busiest Thanksgiving in 15 years
In addition, AAA projects 1.3 million more travelers will be on the roads than last year, pushing the total number of people traveling by car to at least 73 million.
IBJ Podcast: You’re a skeptical, penny-pinching CEO. What are your first steps for adopting AI?
Company executives might believe they face high barriers—including cost, employee resistance and lack of technical expertise. But an expert on executive education says solutions are within almost anyone’s grasp.
Are millennials frozen out of housing market? Reality may be more interesting.
A recent survey showing that the average first-time home buyer is now 40 years old isn’t standing up to scrutiny.
IPO market’s red-hot year has been cooled by the shutdown and more caution among investors
The S&P 500 is still up more than 12% for the year and the tech-heavy Nasdaq is up more than 15%.
