U.S. consumer confidence drops as economic uncertainties rise
The trade war with China and a global slowdown have contributed to uncertainties that are clouding the outlook for the U.S. economy, now in its 11th year of expansion.
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Local developer plans to take up Cambria flag with proposed downtown hotel
A 148-room Cambria hotel is planned for South Meridian Street, less than one year after a local developer scrapped plans for a hotel near the same location with the same brand.
Penske Logistics agrees to offer jobs to 99 women as part of discrimination settlement
The company says it did nothing wrong but decided to settle the case, which involved allegations of discrimination against female applicants at its Shelbyville warehouse.
Two groups sue over Indiana’s work requirements for Medicaid recipients
The plaintiffs say the requirements jeopardize the health coverage of thousands of vulnerable people under the Healthy Indiana Plan.
Louie’s Wine Dive, Taste Cafe close College Avenue sites while eyeing revivals
The owner of Taste plans to reopen early next year in a new space within a mile of the former restaurant at 52nd Street and College Avenue.
Trump administration issues new overtime rule
The Trump administration has issued a rule that will make overtime pay available to 1.3 million additional workers, far fewer than a proposal that had been advanced by former President Barack Obama but struck down in court.
After delay, developer moving ahead with $46M canal apartment project
Louisville-based Investment Property Advisors is planning 279 additional units and more than 28,000 square feet of retail space just south of its 9 on Canal project, to be dubbed 350 West.
Cook Regentec spins off first biotech from Indy-based incubator
The spinoff, called Sexton Biotechnologies, has raised $5 million in outside investment and will spin off in October. The biotech develops cell and gene therapy tools used to grow cells for medical purposes.
In Brexit mess, U.K. court rules suspension of Parliament was illegal
The U.K. Supreme Court court found that Prime Minister Boris Johnson acted to limit debate on Britain’s impending departure from the European Union in violation of Parliament’s constitutional role.
IndyCar closes season feeling relevant again
The vision for the series is very simple right now: Revisit what made racing Indy cars so very popular and get back to that model.
Visitors flock to Indiana Dunes, now with national park bona fides
The national park designation has revealed itself in various ways—through an upsurge in logged visits, busier trails and the need to order extra custodial supplies.
British government plans massive airlift to rescue stranded travelers
British travel firm Thomas Cook declared bankruptcy Monday, stranding hundreds of thousands of travelers and prompting the British government to initiate what it is calling the largest peacetime repatriation in the nation’s history.
Vatican temporarily suspends Archbishop’s decision to not recognize Brebeuf as Catholic
The decision means the school can resume holding mass and will be able to celebrate the Mass for the Feast Day of St. Jean de Brebeuf in October.
After 105 years, Brenner Luggage closes last store
In 1914, Charles Brenner started manufacturing his first products—fiber board suitcases and traveling bags—in a factory on the south side of Indianapolis. A sign now posted inside Brenner Luggage’s last retail location says it’s closed permanently.
UPDATE: Prosecutor Terry Curry emotional about decision to step down as he battles cancer
He notified Gov. Eric Holcomb of his resignation Monday morning. Chief trial deputy Ryan Mears will immediately become acting prosecutor and a caucus of Marion County Democratic precinct committeepersons will be called within 30 days to elect an individual to fulfill the remainder of Curry’s term, which ends Dec. 31, 2022.
Pace planning 200-acre life-science business park by airport
The owner of Pace Air Freight, which specializes in truck transport of pharmaceutical products, is in the process of assembling land it doesn’t already own, including parcels owned by Indianapolis International Airport.
Travel plans in chaos, jobs lost as global tour company collapses
About 600,000 people were traveling with the company as of Sunday, though it was unclear how many of them would be left stranded. An estimated 1 million future travelers also found their upcoming holiday bookings canceled.
GM strike enters second week with no clear end in sight
Consumers this week will start to see fewer trucks, SUVs and cars on dealer lots as the two sides haggle about wages and profit sharing, new product for factories that GM wants to close, and use of temporary workers.
IBJ Podcast: This AI whiz chose Indy over Silicon Valley. He explains why.
DemandJump’s Luke Zhang, who came to the U.S. from China as a teenager, talks with podcast host Mason King about what makes the Indy tech community special and how it could market itself better. And he explains why he takes people skills as seriously as he does his math skills.
Newgarden wins IndyCar championship as Herta takes finale
Josef Newgarden won his second IndyCar series championship in three years with a smooth drive Sunday in the season finale, where he played it safe and watched rookie Colton Herta cement a spot as a future star.