Saladworks to launch aggressive Indiana franchising strategy with Westfield store
The CEO of a fast-casual restaurant that offers customizable salads said there’s potential for 20 franchised locations in central Indiana.
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Litz & Eaton sells three stalled properties to other developers
Indianapolis-based development firm Litz & Eaton Investments LLC—whose principals are entangled in several legal battles as part of a messy split—sold the properties to other companies who plan to move forward with developing the sites.
Nassar victims offered $215M settlement by USA Gymnastics
Indianapolis-based USA Gymnastics has filed a bankruptcy plan that includes an offer of $215 million in insurance funds for sexual abuse victims to settle their claims against the embattled organization.
Indiana has new tool to give parents data about schools
Users of the newly launched INview will have more immediate access to how much schools and districts are spending per student, as well as how that figure compares to the state average and other schools with similar demographics.
Companies with China ties start to feel virus impact
The dangerous virus spreading through China threatens a wide range of industries with ties to the world’s second largest economy.
U.S. advises against travel to China; virus declared emergency
The United Nations health agency defines an international emergency as an “extraordinary event” that constitutes a risk to other countries and requires a coordinated international response.
Buttigieg sharpens Biden, Sanders attacks as Iowa caucuses near
It was a notably more aggressive tone from the 38-year-old former South Bend mayor, who has risen from an asterisk into contention in Iowa on a message of hope and inclusion.
Versatile auto racer John Andretti dies at 56
Andretti won on dirt tracks, street courses and superspeedways. He won an endurance race, competed in dragsters and became an iron man in IndyCar and NASCAR. And he used his platform and passion for racing to help others.
Woman: School district failed to protect her from swim coach
The victim, now 18, filed a federal lawsuit Wednesday in U.S. District Court in Indianapolis accusing Carmel Clay Schools and the district’s high school swim coach, Chris Plumb, of allowing her sexual exploitation to continue despite warnings.
Federal Reserve proposes letting banks invest in venture capital funds
The draft rule approved by the Federal Reserve would exempt venture capital funds from the Volcker Rule’s provision that bars banks from investing in hedge or private equity funds.
Anthem sues senior executive who took job with competitor, demands return of $4M
The Indianapolis-based insurer said the former senior vice president and general manager of its Commercial Business division violated terms of his executive agreement by taking a position as president and CEO of Health Net LLC of California.
Tony Kanaan closing IndyCar career with five final oval races
The 45-year-old Kanaan, who won the 2013 Indy 500, is another casualty of a poor driver market in which veterans are being squeezed out of their seats by drivers with little to no IndyCar experience.
City-County Council calls for IPL to retire Petersburg coal plant by 2028
This week, the Indianapolis City-County Council passed a special resolution that calls on Indianapolis Power & Light to shut down its largest generating station 14 years sooner than currently planned.
CEO leaving bankrupt Celadon for new logistics job
Celadon CEO Paul Svindland, who joined the company in 2017 and tried to turn around the troubled trucking company, is departing for a CEO job at another logistics company.
Lilly reports strong fourth quarter on rising sales of Trulicity, Taltz
The Indianapolis-based drugmaker exceeded analyst expectations for both profit and revenue during the most recent quarter.
Survey: University investments saw slower growth in 2019
Most U.S. universities made money on their financial investments last year, but their returns were tempered by a global economic slowdown fueled by America’s trade war with China, according to an annual survey of school finance chiefs.
U.S. economy grew at moderate 2.1% rate in fourth quarter
For the whole year, GDP increased 2.3%, the weakest performance in three years and a slowdown from a 2.9% gain in 2018.
With restaurateur Brown out, Oesterle seeks new tenant for old 38th Street bank building
Local restaurateur Neal Brown has scrapped plans to open what he had planned to call Midtown Brasserie in a 73-year-old art deco building at 215 E. 38th St.
Distracted driving bill passes House, moves to Senate
The House has passed legislation that would bar all drivers from having their phones in their hands while driving. House Bill 1070 passed 86-10 on Wednesday. The two-page bill, authored by Rep. Holli Sullivan, R-Evansville, updates a current law passed in 2011 that requires all phones must be used hands-free while behind the wheel of […]
Indiana’s northern neighbor to borrow $3.5B to fix roads
Calling her state’s roads “the most beat up and dangerous in the country,” Michigan Gov. Gretchen Whitmer announced Wednesday that she will borrow $3.5 billion to rebuild deteriorating highways and bridges over five years.