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Bed Bath & Beyond plans share sale in bid to avoid bankruptcy

February 7, 2023 | Bloomberg News

The retailer, which has been preparing for a Chapter 11 filing after lenders declared it in default last month, priced new convertible preferred securities and warrants, it said in a statement Tuesday, in a deal that will ultimately raise more than $1 billion.

Republican Fred Glynn joins race for Carmel mayor

February 6, 2023 | Daniel Bradley

Glynn is the third Republican to announce a run to succeed Mayor Jim Brainard, who will not seek an eighth term in office.

IBJ Podcast: She went from a master’s in social work to tech firm CEO

February 6, 2023

In this week’s edition of the IBJ Podcast, Brown discusses the unusual route that led her to become a first-time entrepreneur in her early 40s.

Doctors ask lawmakers to free them from noncompete agreements

February 3, 2023 | John Russell

The Legislature is considering a bill that put Indiana on a list of more than a dozen other states that expressly prohibit or sharply limit non-compete agreements for physicians and other patient-care professionals.

Pay-transparency trend reaches Indiana as push for equity gains momentum

February 3, 2023 | Susan Orr

Compensation has long been a taboo topic around most watercoolers, but that’s changing as more states are forcing companies to open up about their salaries.

Westfield Mayor Andy Cook says he will not seek fifth term

February 3, 2023 | IBJ Staff

The Hamilton County community had just more than 21,000 residents when Cook was sworn in as its first mayor in 2008, the year Westfield moved from a town to a city. Today, its population tops 50,000.

Justice Department, Pence discussing consensual FBI search of Carmel home

February 2, 2023 | The Washington Post

The search follows revelations last week that the former vice president handed over to the FBI “a small number” of documents bearing classified markings that his lawyers discovered at his Carmel residence.

Indiana Wesleyan names Qualls executive director of Eleven Fifty Academy

February 2, 2023 | IBJ Staff

Tech entrepreneur John Qualls has been serving as Eleven Fifty Academy’s interim executive director since December, when Indiana Wesleyan acquired the struggling coding school.

Lawmakers hear mixed reviews on bill to lower health care costs

February 1, 2023 | Whitney Downard, Indiana Capital Chronicle

The legislator who introduced the measure said it was the result of a lack of action on the part of health care entities and insurers to lower prices.

State lawmakers revive effort to require partisan school board elections

January 30, 2023 | Casey Smith, Indiana Capital Chronicle

Last year, a similar bill got a hearing in a House committee but never received a vote. Nearly two dozen education advocates testified against the previous bill and no one spoke in favor.

UPDATE: Ascension closing 11 more health care facilities in central Indiana

January 27, 2023 | IBJ Staff

The shutdowns mark the latest of several waves of Ascension facility closures in Indiana in the last year.

Pence: ‘Mistakes were made’ in classified records handling

January 27, 2023 | Associated Press

In his first public comments since the discovery, former Vice President Mike Pence said he hadn’t been aware that the documents were in his Carmel residence but his lack of knowledge wasn’t an excuse.

Pier 48 keeps serving as legal wrangling continues

January 27, 2023 | Susan Orr

The saga of disputes among the restaurant’s four founders has a new chapter, with a lawsuit filed last month against one founder by an Indianapolis financial adviser whose allegations offer a different version of events than do previous complaints.

Musical being prepped for Broadway to bring stars to the Walker

January 26, 2023 | Dave Lindquist

Tony Award winner Jessie Mueller and University High alum Morgan Wood will perform new songs of the “Five Points” musical in Indianapolis.

Developer planning 77 townhouses near Westfield’s Grand Park

January 26, 2023 | Daniel Bradley

The townhouses would be constructed on about seven acres of land at Grand Park Village and would hew to the community’s Cape Cod-style architecture.

Bastian Solutions to build $130M corporate HQ, manufacturing campus in Noblesville

January 24, 2023 | Daniel Bradley

The company plans to create 250 new jobs over the next five years in Noblesville and retain and relocate 400 employees to the 580,000-square-foot complex.

Classified documents found at Mike Pence’s Indiana home, lawyer says

January 24, 2023 | Associated Press

The records appear to be a small number of documents bearing classified markings that were inadvertently boxed and transported to Pence’s personal home as he left office, the lawyer said.

Indiana bills backed by national pet store chain draw pushback from animal advocates

January 24, 2023 | Casey Smith, Indiana Capital Chronicle

A national pet brand chain is a driving force behind two Indiana bills that would block local communities from enforcing outright bans on the retail sale of pets. Such ordinances already exist in cities like Bloomington and Carmel

Indiana life sciences companies raise record $620M in venture capital in 2022

January 23, 2023 | John Russell

The amount raised last year is roughly 43% larger than the previous record of $433 million, set in 2021, according to BioCrossroads, an Indianapolis-based group that promotes and invests in the state’s life-sciences sector and tracks the funding.

Wheeler Mission names Perry Hines as president, CEO

January 17, 2023 | Taylor Wooten

Chief Development Officer Hines will succeed Rick Alvis, who has led Wheeler Mission for nearly 33 years.

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