Industrial production up 1.1% in October, but still lagging
It was a rebound after a downturn in September, but production still remains below pre-pandemic levels, the Federal Reserve reported Tuesday.
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Amazon opens online pharmacy, shaking up another industry
The potential impact of Amazon’s arrival in the pharmaceutical space rippled through that sector immediately. The stocks of CVS Health Corp., Walgreens and Rite Aid all tumbled Tuesday.
North Split construction, traffic closures to begin in December
The North Split project, which was first announced in 2017, will reconfigure the Interstate 65/Interstate 70 interchange on the northeast side of downtown.
Apartments planned for low-income residents on 38th Street would raze blighted structures
The $10M project, known as Broadway Park Apartments, would include two buildings with a mix of one- and two-bedroom units, plus a community-minded ground-floor tenant such as a workforce readiness program or health clinic.
High Alpha launches software firm for real estate teams
High Alpha on Tuesday announced the formal launch of its eighth company this year and its 20th since its founding in 2015.
Carmel considers establishing four new waterway districts to obtain new liquor licenses
The Carmel City Council introduced a proposal on Monday to establish four new waterway districts that would allow the city to pursue additional alcoholic beverage permits.
Oladipo joins ownership group with New Zealand Breakers
While Victor Oladipo’s playing future with the Indiana Pacers remains murky, he’s found a franchise-altering deal elsewhere.
Indiana teachers union calls on lawmakers to restore bargaining rights amid pandemic
The Indiana State Teachers Association, which represents nearly 40,000 educators, say teachers deserve the right to bargain over working conditions, such as hours, prep time and class sizes.
Stock indexes close at record highs as hopes build for a vaccine
The Dow Jones industrial average surpassed its record of 29,551.42 set in February before pandemic panic hit the market.
Top GOP lawmakers signal support for coronavirus legal protections for businesses
During the chamber’s annual legislative preview event—which was held virtually this year as a safety precaution—the organization announced its top five priorities for the session that starts in January.
U.S. casinos recovering from virus setbacks, but challenges remain
The American Gaming Association found that the industry won more than $9 billion in the third quarter of this year, which is 81% of the amount it won during the same period a year earlier.
Not-for-profit planning $12M pocket neighborhood in Whitestown
A not-for-profit that helps adults with developmental or intellectual disabilities live in homes of their own is planning to develop the neighborhood on one of three sites in Whitestown.
Republicans select former Marion County GOP chair to replace Merritt at Statehouse
Former state Sen. Jim Merritt, who had been in office since 1990, resigned from the position earlier this month. He still had two years left in his term.
UPDATE: Indianapolis in talks to host every game of 2021 March Madness
The NCAA announced Monday it is in talks with city and state officials to play all 67 games in the Indy metropolitan area, in order to simplify logistics and limit potential exposure to COVID-19.
COVID-19 hospitalizations in Indiana jump to another all-time high
The Indiana State Department of Health on Monday reported 5,218 new COVID-19 cases, the sixth day in a row that new cases have topped 5,000 in the daily update.
Former state lawmaker running for Indiana Democratic Party chair
Former Indiana State Rep. Karlee Macer, who represented Speedway and the west side of Indianapolis from 2012 until this year, announced on Twitter on Monday that she would seek the position.
Home Depot buying HD Supply in deal valued at $8 billion
HD Supply is a distributor of maintenance, repair and operations products. It has two business units in Indianapolis.
UPDATE: Second coronavirus vaccine shows early success in U.S. tests
Moderna said its vaccine appears to be 94.5% effective, according to preliminary data from the company’s still-ongoing study.
IBJ Podcast: The ambitious plan to end hunger in central Indiana
Podcast host Mason King talks with Margie Craft, a senior adviser at Elanco Animal Health who is leading Food Secure Indy, a coalition of companies, public officials and not-for-profit groups that want to coordinate hunger-relief efforts.
Here comes Santa Claus—with face masks and plexiglass
More than 10 million U.S. households visited Santa in a mall or store last year, according to GlobalData Retail. Nearly 73% of them also spent money at nearby restaurants or stores, he says.