Celadon alleges North Carolina company is holding its vehicles for ‘ransom’
The trucking firm won a temporary restraining order against the repo company on Thursday.
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City, Indy Chamber launch financing program for minority-owned businesses
Funding for the program will help smaller businesses pay initial expenditures associated with bidding on contracts—supplies and payroll, for example—without having to put themselves at financial risk through high-interest borrowing.
Shake Shack to open Fishers restaurant, looking in downtown Indianapolis
With a restaurant already in the works at Indianapolis International Airport, Shake Shack also is paving the way for a Fishers location and is in the hunt for spot in downtown Indianapolis.
Bank alleges developer owes nearly $16M for project near airport
The suit, filed Tuesday in Marion Superior Court by Evansville-based Old National Bank, claims Paul Kite and his firm owe the bank $15.8 million.
401(k)s hit records as workers sock away more, stocks jump
Surging markets around the world were a big reason for the growth: The S&P 500 index had one of its best years in decades with a 31.5% return. But workers’ better savings habits also played a big role.
Lilly Endowment to fund study of reconstruction options for inner loop
The $475,000 grant will fund a study of reconstruction options for the inner loop except for the north split, the first phase of the project, which has already begun. The Indy Chamber Foundation said the study will “inform implementation efforts” in the year 2030 and beyond.
IndyCar drivers like safety of new aeroscreens, but adjustments required
Teams still have plenty to learn about what the change will mean for driver visibility, aerodynamics and race strategy.
Damning audit finds two virtual schools misspent $85M in state funds
The two virtual charter schools—Indiana Virtual School and Indiana Virtual Pathways Academy—shut down last summer after allegations of enrollment fraud first emerged.
Holcomb signs bill delaying penalties from ILEARN
Indiana schools and teachers won’t face any penalties from lower scores on the 2019 and 2020 versions of the state’s new standardized exam.
U.S. on track for first $1 trillion budget deficit since 2012
The U.S. budget deficit through the first four months of this budget year is up 19% from the same period a year ago.
Peapod never achieved big job-creation goals in Indianapolis
The grocery delivery service, which entered the Indianapolis market in 2011, had hoped to grow its local workforce to as many as 238 employees but fell far short of that goal. On Tuesday, it announced it was pulling out of Indianapolis and other Midwestern markets.
ScreenBroidery merchandising firm making name for itself with big move to Noblesville
ScreenBroidery recently moved from 2,500 square feet of leased space in Castleton to a 15,000-square-foot headquarters and warehouse that it bought and renovated for nearly $1.7 million in Noblesville. And it plans to double its workforce by 2022.
Many U.S. firms waiting for products to ship from China in coronavirus delay
Many U.S. small business owners are facing a shortage of products or components because suppliers, who closed for the weeks-long New Year holiday, remain shut due to the virus that has killed more than 1,100 people.
Court upholds man’s ban from Marion County Family Dollar stores
A man ordered to stay away from all Family Dollar stores in Marion County after his robbery conviction could not convince the Indiana Court of Appeals that his probation order was overly broad.
Sanders edges Buttigieg in N.H., giving Dems contrasting front-runners
The primary gives new clarity to a Democratic contest shaping as a battle between two men separated by four decades in age and clashing political ideologies. Meanwhile, Amy Klobuchar scored a strong third-place finish that gives her campaign needed juice.
Sprint, T-Mobile merger gets judge’s OK, ushering in new era of telecom behemoths
A federal judge has ruled in favor of Sprint and T-Mobile’s $26 billion merger, dismissing anti-competitive concerns and clearing the way for a deal that would create the nation’s third-largest wireless carrier.
U.S. regulators probing acquisitions by five giant tech firms
The FTC, the Justice Department and a House committee have been investigating the conduct of Facebook, Google, Amazon and Apple, and whether they aggressively bought smaller potential rivals to suppress competition and hurt consumers.
Holcomb says he’ll continue to push for workplace accommodations for pregnant women
Republican senators stripped from a bill the requirement that businesses modify jobs for pregnant women who need longer breaks, transfers to less physical work and unpaid time off after childbirth.
Peapod to end grocery delivery in Indiana on Feb. 18
Ahold Delhaize USA, which owns the Peapod brand, said Tuesday that it is closing its Midwest division as part of a shift in strategy, in part to focus on its East Coast grocery stores.
McDonald steps down as ClearObject CEO to join venture fund
John McDonald said he’s taking a position with Boomerang Ventures to become more involved in the state’s startup ecosystem.