Donation of nickel mine could mean fortune for Purdue
Based on current numbers, Purdue’s stake could eventually top $100 million over the next three decades.
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GM scrambles to shield U.S. plants from virus disruption
A United Auto Workers union member said the threat of parts shortages at GM facilities is growing, but the automaker doesn’t expect to have to pause production at plants in Indiana, Michigan and Texas, according to spokesman.
Real estate pros bullish on Diamond Chain site
The planned closing of the 102-year-old factory in the southwestern corner of downtown likely will throw into play a nearly 18-acre site that real estate experts say would be attractive for myriad uses.
Bottleworks’ Phase I could be 80% full when it opens
With its debut just months away, the 12-acre, $300 million Bottleworks District on the north end of Massachusetts Avenue has a majority of its Phase I office and entertainment space and nearly all of its food hall leased.
Alcohol colossus seeking Indiana permit after Supreme Court ruling opens door
Total Wine & More, the nation’s largest retailer of beer, wine and spirits, has applied to the Indiana Alcohol & Tobacco Commission to open a store in part of a former Marsh Supermarkets in Nora.
Selby: AG Hill should get 60-day suspension, no automatic reinstatement
The hearing officer presiding over Indiana Attorney General Curtis Hill’s discipline case has recommended that the state’s highest-ranking attorney serve a two-month suspension without automatic reinstatement for violations of two professional conduct rules related to sexual misconduct allegations.
Questions about ethics aren’t new for gambling-industry veteran Ratcliff
At nearly every turn, Rod Ratcliff or his companies or his associates have run into questions and concerns about the way they interact with the public officials who make the rules associated with the industry.
Help IBJ celebrate 40th anniversary by looking back, forward
In the coming weeks, we’ll be seeking your input to identify the 40 most influential people in central Indiana over the last 40 years, to identify the top stories of the last 40 years and to dream up 40 great ideas to move our community forward in the decades to come.
Investors keep their distance from Simon stock
David Simon said Simon Property Group’s ability to buy a company for $3.6 billion in cash without having to turn to a third party for financing and without suffering credit rating downgrades is a testament to the underappreciated strengths of the business.
Penske plans broad slate of improvements to Speedway, Indy 500 and qualifying
The motorsports mogul who bought the Hulman family racing empire earlier this year is promising a beefed-up prize purse, more video boards, renovated restrooms and a turbo-charged qualifying weekend.
Who’s to blame for the $85M Indiana virtual schools scandal?
Amid the outcry over a new state investigation detailing an alleged $85 million self-dealing scheme at two Indiana virtual charter schools, state leaders are asking why it took years to catch large-scale enrollment inflation and widespread financial conflicts of interest.
Economic fallout from China’s coronavirus mounts across globe
Among the first tangible impacts in the U.S. is a decline in the number of Chinese tourists. Visitors from China represent a lucrative market for American airlines, hotels, luxury retailers and entertainment venues.
U.S. retail sales up a modest 0.3% in January
It was a slight improvement over December, as unseasonably warm weather boosted sales at hardware stores and furniture stores.
Carmel startup Shiftlab using AI platform to help companies with staffing, scheduling
The software-as-a-service company, which was founded in the second quarter of last year, recently secured a local tech veteran as its CEO and hit its primary goal on its seed round of funding.
16 Tech launches international design competition for $14.5 million bridge
The bridge will be funded by the city of Indianapolis and Lilly Endowment Inc., which two years ago awarded 16 Tech a $38 million grant.
Pacers execs, local officials flock to Chicago to scout for 2021 All-Star weekend
Members of the 35-person delegation began arriving in Chicago on Thursday, with most expected to stay in town throughout the weekend as they examine every part of the massive, four-day NBA All-Star Weekend.
Nurse accuses Indy psych hospital of keeping patients longer than needed
In a whistleblower suit, the nurse said Neuropsychiatric Hospital of Indianapolis ordered the staff keep patients for at least 14 days to get more reimbursement from Medicare. The hospital’s owner vehemently disputes the allegation.
Trump’s story about veteran’s comeback, Opportunity Zone program misleading
Tony Rankins was singled out at President Trump’s State of the Union address as an example of the power of so-called “opportunity zones,” but he doesn’t work at a site taking advantage of the program’s tax breaks and never has done so.
Woman allegedly embezzled $327K from her employer
An eastern Indiana woman who seemed upset when her employer offered her a promotion is now accused of embezzling more than $327,000 from the business following an audit by suspicious company officials.
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.