Indianapolis’ plans for all-electric bus fleet in question
The IndyGo board on Thursday approved the $7.5 million purchase of 13 diesel buses and also canceled a $6.5 million order for five electric buses made in California by China-based BYD Ltd.
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Buttigieg dropping out of presidential race
Pete Buttigieg, the 38-year-old former mayor of South Bend who saw a meteoric rise from virtual unknown to top-tier contender and became the first gay candidate to make a high-profile presidential run, is ending his campaign.
First person of color tapped to lead IU’s McKinney law school
Karen E. Bravo has been named dean of the Indiana University Robert H. McKinney School of Law, pending formal approval by the IU Board of Trustees at its April meeting.
Buttigieg at crossroads after poor finish in South Carolina
Pete Buttigieg on Sunday vowed to stay in the race at least through Super Tuesday. His fourth-place finish in the South Carolina primary exposed a core vulnerability, namely the inability to attract the support of black voters.
Stocks sink again, leaving Wall Street with worst week since 2008
The market clawed back much of its intraday losses in the last 15 minutes of trading. Bond prices soared as investors sought safety, pushing yields to record lows.
Ed Feigenbaum: State’s longest-serving House speaker prepares to turn over gavel
House Speaker Brian Bosma is turning control over to Rep. Todd Huston, who isn’t wedded to policies of the past simply because they were justified when enacted and once worked.
Could Indiana matter in Democratic presidential primary?
The heated battle for the Democratic nomination for president is raising the prospect that Indiana could have a contested primary on May 5. That could pack a punch for the state’s economy, thanks to campaign events, advertisements and staffing.
Huge cost overruns on Carmel hotel fuel questions about construction costs
The cost of the 122-room, city-backed hotel has swelled to $58.5 million, up from $40 million when the Carmel City Council green-lighted it two years ago. Some councilors have called for an audit to dig into the details.
City considers building $72M road in Decatur Township
The city of Indianapolis is looking at whether it can secure $72 million in funding for a long-planned Decatur Township road project that supporters say would spark economic activity along one of the county’s least-developed corridors.
Stocks fall on Wall Street, head for worst week since 2008
U.S. stock markets saw more major declines Friday morning. Traders have been growing increasingly certain that the Federal Reserve will be forced to cut interest rates to protect the economy, and soon.
Financial pain deepens as nearly 60 countries report coronavirus
If the disease known as COVID-19 becomes a global pandemic, economists expect the impact could be much worse, with the U.S. and other global economies falling into recession.
Caito Foods to eliminate Fresh Cut produce division, terminate 333 workers
The Fresh Cut operation at Caito’s main campus at 3120 N. Post Road cuts and packages fresh produce for distribution to retailers.
Local email management firm acquired by hungry Boston company
250ok Inc., which employs about 55 people, will be the fifth major acquisition in the last two years for Boston-based Validity Inc.
Indianapolis schools cancel bus routes after drivers call in sick
Indianapolis Public Schools said schools remained open, but students who are unable to get to them because of no buses would not be marked absent.
GOP lawmakers push to broaden definition of panhandling
The new language, which was added to a bill this week, would effectively make it illegal to panhandle in all of downtown Indianapolis.
Tech firms offering more incentives to attract talent needed to fuel growing sector
Lisa Maloney, assistant vice president and the Indianapolis branch manager for Robert Half, is on the front line of helping local companies find tech talent. She recently discussed with IBJ the challenges local tech firms face in finding the talent they need to grow the sector and what IT professionals are demanding for their services.
UPDATE: Downtown hotel, parking lots sold for $33M to Atlanta firm
Atlanta-based Peachtree Hotel Group bought the Hampton Inn by Hilton at 105 S. Meridian St. and a 50-car parking lot at 102 S. Pennsylvania St.
Developers, city partnering on major mixed-use projects in Noblesville
Developers are teaming with the city on a $7.7 million redevelopment project along North 10th Street and a $35 million development west of Federal Hill Commons Park.
21 organizations from across Indiana selected for All-Star grants
The $1 million initiative was announced in October as a legacy project tied to next year’s All-Star festivities, with each group receiving up to $50,000 in funding for youth-serving projects.
Pence’s handling of 2015 HIV outbreak in Indiana gets new scrutiny
President Donald Trump’s choice of Vice President Mike Pence to oversee the nation’s response to the new coronavirus threat is bringing renewed scrutiny to Pence’s handling of an HIV outbreak in southern Indiana when he was governor.