Amazon’s profit more than triples as pandemic boom continues
Fueled by the growth of online shopping, Amazon posted revenue of more than $100 billion, the second quarter in a row that the company has passed that milestone.
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Indy Eleven reaches sports betting deal with BetRivers
The agreement provides for a sleeve logo on the Indy Eleven’s 2021 jerseys, along with sponsorship of the 30-minute postgame TV show following every home game broadcast.
Indoor concerts about to return to Indianapolis-area venues
Hilbert Circle Theatre in downtown Indianapolis, The Palladium in Carmel and The Vogue in Broad Ripple are among the venues that are getting back to business starting as soon as Friday.
Allison Transmission raises sales forecast amid ongoing pandemic recovery
The Indianapolis-based manufacturer said it expects 2021 net sales to range from $2.33 billion to $2.48 billion. That’s an improvement from the guidance the company issued in February.
Indy Eleven limiting first home game to season ticket holders
The team is set to host all 16 of its regular-season home games at IUPUI’s Michael A. Carroll Stadium this season after playing the past three seasons at Lucas Oil Stadium.
Toyota hiring 1,400, investing $803M to expand production at Indiana plant
Production of two new electric vehicles—one branded Toyota and the other in the Lexus line—is expected to begin in mid- to late 2023 at the plant in Princeton.
Onyx+East plans $12.5M project with 37 homes on north side of Fountain Square
The property is currently occupied by a former church building that was most recently used by New Birth Ministries. The structure will be razed as part of the project.
Shops at Perry Crossing back under control of previous owner
Poag Shopping Centers earlier this month squared away its financial dispute over The Shops at Perry Crossing, allowing the firm to take back the keys to the property.
Recap: A glance at key issues during Indiana legislative session
The Indiana General Assembly concluded the year’s regular session late last week in Indianapolis. Here’s a look at some major issues debated during the nearly four-month session.
IBJ Podcast: Pete The Planner says stimulus ahead ‘is going to blow people’s minds’
The U.S. economy is on the verge of potentially the greatest boom time of all time, according to Peter “Pete the Planner” Dunn. It will be fueled at least in part by the enhanced child tax credit, which is part of the American Rescue Plan stimulus package.
Marion County prosecutor facing criticism after FedEx shooting
The leader of the Indianapolis police union said Marion County Prosecutor Ryan Mears “failed to do his part” when he chose not to bring Brandon Scott Hole before a judge for a hearing under Indiana’s “red flag” law.
Inside the tussle between two of Indy’s retail icons
The fate of a Steak n Shake that has been a fixture in Nora for more than 40 years may rest on how much slack a local judge will give the Indianapolis-based company. But a court ruling against the company could clear the way for a new Crew Carwash.
Mass Ave on the road back with Bottleworks as anchor
There are about 115 retailers and restaurants along the street, plus dozens of service-oriented businesses and office users.
Eastern Star’s new youth center on the rise with help of $8M Lilly grant
A new kids hub, dubbed the ROCK Community Center for Children & Youth, is under construction at 5750 E. 30th St. and is set to open next year.
Indians allowed 25% Victory Field capacity in May, ink TV deal
The Indianapolis Indians this week announced separate deals that will put 35 of their games on TV and allow the team to play home games in May before a limited number of spectators.
Policy forbidding cell phones at work not limited to FedEx
From safety concerns to productivity and data security, there are many reasons why companies may limit employee access to cell phones. Some FedEx employees said the company’s no-phone policy delayed contact with loved ones after the mass shooting on April 15.
Indiana lawmakers approve state budget, finish session
Several Democratic legislators called it the best state spending plan in years. Republicans described the plan as focused on helping the state’s economy grow in the coming years and helping to give long-deserved raises to teachers.
Some spectators to be permitted at Indy 500, but concerts called off
The Indianapolis 500 can run with up to 40% of its typical spectator capacity this year, following discussions between the Indianapolis Motor Speedway and city and state officials.
New enrollments push Anthem beyond expectations in first quarter
Enrollment in Medicaid plans that Anthem manages jumped 20%, to about 9.2 million people, compared with the same three months last year. That helped counter a drop in its more profitable commercial coverage, which includes employer-sponsored insurance.
Sikh group wants probe of gunman’s possible supremacist link
The Sikh Coalition’s request came a day after Indianapolis police released a report stating that an officer who seized a shotgun from Brandon Scott Hole’s home after his arrest in March 2020 saw what he identified as white supremacist websites on Hole’s computer.