With 17 hotels in downtown pipeline, experts doubt they’ll all make it
If all of the plans move forward, downtown would see an unprecedented deluge of new rooms. But developers and lenders are fretting over whether the market can support them.
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Hopes for U.S.-China trade talks rise before Trump meeting
Financial markets, highly sensitive to the ups and downs of the U.S.-China economic relationship, surged Friday morning. The Dow Jones industrial average was up more than 420 points, or 1.6%, in late-morning trading.
Minnesota-based tool retailer set to enter Indianapolis market
Northern Tool + Equipment, a growing tool and equipment retailer with more than 100 stores in 21 states, is entering Indiana with two Indianapolis stores that are set to open Oct. 31.
Butler professor isn’t just playing with new esports book
When professor Ryan Rogers began teaching Butler University’s first class entirely on esports in the spring of 2018, he looked high and low for books and course materials on the subject. When he didn’t find much, he decided to create his own book.
First month of Indiana sports gambling draws $35.2M in wagers
PlayUSA.com Network, a news and research organization that follows sports gambling and operates PlayNJ.com and PlayIndiana.com, called the first-month data “impressive.”
Children’s environmental group merges with Hoosier Environmental Council
Improving Kids’ Environment, a 20-year-old not-for-profit that works to reduce toxic risks for children, is now part of the Hoosier Environmental Council, the groups announced Thursday.
Trump says U.S.-China trade talks are ‘going very well’
President Donald Trump offered an upbeat assessment of U.S.-China trade talks and said he would meet at the White House on Friday with the leader of the Chinese negotiating team.
Fed approves rules loosening Dodd-Frank bank restrictions
The Fed on Thursday approved a set of rule changes that implement legislation passed by Congress last year to loosen restrictions, particularly for smaller community banks, imposed by the Dodd-Frank Act passed in 2010.
Ambrose says city can’t use eminent domain to buy GM stamping plant site
The development firm scrapped its plans last month for a $1.4 billion mixed-use development at the former GM stamping plant site on the west edge of downtown. That led the Hogsett administration to say it will take legal action if necessary to buy the land.
Dem gubernatorial candidate proposes minimum pay for teachers, education endowment fund
Josh Owens, one of three Democrats hoping to challenge Republican Gov. Eric Holcomb next year, said he would cap the state’s rainy day fund and put the excess funds into an endowment to support public education. He also wants to phase out school vouchers.
Carmel-based fraternity foundation official accused of embezzling $450K
The 43-year old woman has been charged in federal court with eight counts of wire fraud. “The evidence show that she stole over 800 separate cashier’s checks and money orders,” the indictment says, and deposited them into her own bank accounts.
Merritt says he’ll appoint Democrat as IMPD chief
Republican mayoral candidate Jim Merritt announced Thursday that he would ask Bill Benjamin, a former Democratic candidate for Marion County Sheriff and former IMPD deputy chief, to serve as the head of the IMPD because “the issues are bigger than party.”
UPDATE: Marion County reschedules canceled tax sale for early 2020
The sale was scheduled to take place Thursday and Friday but a clerical error forced the Treasurer’s Office to cancel the event. Nearly 1,200 parcels with minimum bids totaling some $6 million were to be auctioned and will now be available at the rescheduled sale in February—unless the owners pay their delinquent taxes.
New restaurant to open in former Corner spot in Broad Ripple
The new owners, who acquired the lease and liquor license at auction, operate two other restaurant and bars in Indianapolis—one downtown and one in Castleton.
Charles Schwab escalates online brokerage-fee war
Charles Schwab is betting the decision to lower or eliminate trading fees will help it attract customers, who’ve grown more vocal about the cost of investing.
Former nurse from Atlanta joins 5th District congressional race
In a statement, Beth Henderson said she’s running because she cares about the district and wants to be a voice for its residents in Washington, D.C.
Indianapolis theater to reopen as first-run movie house
Also this week: YUJO Ramen & Boba Tea, Taste of Dubai, Which Wich, Marco’s Pizza, Bovaconti Coffee, State of Grace
Local employee engagement software firm raises $15M in capital
The most recent round of funding was led by New Jersey-based growth equity investor Edison Partners. Prior investors also participated in the round.
GM workers worry about paying bills as strike continues
Nearly four weeks into the United Auto Workers’ strike against General Motors, employees are starting to feel the pinch of going without their regular paychecks.
Facebook CEO to appear before Congress on currency plan
The focus will be on Facebook’s plan to create a digital currency and its role in housing. The company agreed in a legal settlement in March to overhaul its ad-targeting systems to prevent discrimination in housing, credit and employment ads.