Dow drops more than 1,000 points as fear of virus threatens global economy
The selling wiped out all of the Dow Jones industrial average’s gains for the year. The major U.S. stock indexes all fell more than 3%.
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Indiana spent more than $1 million on dead Medicaid patients, feds say
Indiana’s Medicaid director said the state will recover the payments and return the federal share of more than $800,000. The feds say the problem occurred because Indiana did not enter dead beneficiaries’ information in a federal data bank.
Franklin College promotes acting leader to president
Franklin College on Monday named Kerry Prather as president. Prather was appointed acting president effective Jan. 14 after the school fired President Thomas Minar, who faces three criminal charges related to child solicitation.
House committee amends bill to keep cities from regulating tenant relations
In response to the move, Indianapolis Mayor Joe Hogsett said the amendment would nullify recent local efforts to protect tenants from predatory landlords.
McCammon’s Irish Market acquires Brownsburg garden center
Greg and Lisa Frazee, who opened Frazee Gardens in 2008, will continue to own and operate Brownsburg Landscape Co., which they founded in 1987.
Global markets fall sharply as virus cases spread past Asia
The Dow Jones industrial average slumped more than 3% and gave up all of its gains for the year as a surge in virus cases and a worrisome spread of the disease outside the epicenter in China sent investors running for safety.
Big changes coming to the NFL scouting combine this year
Fewer assistant coaches will watch those prospects run through drills in person this year, and downtown Indianapolis bars and restaurants should be quieter as many of the on-field drills move from morning and afternoon into prime time.
Recovery for Durham fraud victims hinges on high-stakes trial
A federal judge in northern Ohio has set aside three weeks for the jury trial, which pits Fair Finance Co.’s bankruptcy trustee against one of Fair’s former lenders, the Fortune 500 firm Textron Inc.
IBJ Podcast: Indy readies for 2021 All-Star Game—to be love letter to basketball
IBJ’s Mickey Shuey headed to Chicago for the 2020 NBA All-Star Game to see how the Windy City hosted what has become one of sports’ biggest weekends—and tells podcast host Mason King what he and the host committee from Indianapolis learned.
‘Andy Griffith’-inspired movie to be shot in central Indiana
The project will bring Hollywood pedigree—in the form of former “Andy Griffith” stars and their children—to central Indiana.
Indiana Republicans say law adequate despite school fraud
Republicans who dominate the state Legislature have rejected complaints from Democrats that responsibility for the fraud by virtual schools rests with lax regulations dating from the 2011 GOP-driven state education overhaul.
Best Chocolate in Town acquired, closes Mass Ave store
Longtime local candy company The Best Chocolate in Town has been acquired by Indianapolis-based Newfangled Confections, which is known for it popular signature Frittle candy.
Carmel man indicted on 28 fraud charges related to scheme using PayPal, eBay
Tuong Quoc Ho, 32, conducted “an elaborate scheme to defraud businesses, consumers, suppliers, financial institutions, credit card holders, credit card companies, and identity theft victims for personal monetary gain,” U.S. Attorney Josh Minkler’s office said in a statement.
Trump signals he’s prepared to give farmers more federal aid
China’s economy is being rocked by the new virus that has infected more than 75,000 people and forced many businesses and factories to temporarily close.
Former Noyes wealth adviser alleges sex discrimination
A former wealth adviser at David A. Noyes & Co. in Indianapolis has filed a sex discrimination lawsuit against the financial firm and longtime firm executive L.H. Bayley, 84.
Indianapolis plans to make 2021 All-Star Weekend a tribute to basketball
Fresh off a trip to Chicago for this year’s NBA All-Star Weekend, city officials are contemplating how best to celebrate the sport when the city hosts the event next year.
Herbicide causing Hoosier farmers, state regulators big problems
The Office of Indiana State Chemist reports the number of dicamba-related complaints has skyrocketed in the last three years—and it’s costing the state millions of dollars to respond.
BOHANON & CUROTT: Raising taxes, even on tobacco, can have unintended effects
On the surface, it seems an e-cigarette tax is a good idea. But upon further examination, it turns out the answer is tricky.
Reservoir cleanup costs spur division in tony Geist
More than 1,400 Geist households want a special taxing district that would raise money to maintain the reservoir. But other residents say the taxes would benefit mostly lakefront property owners, not people who live a few blocks away.
State might move deaf, blind schools rather than spend big on aging properties
The state’s separate deaf and blind schools need $100 million in upgrades over the next 20 years; state officials might start over with new buildings on a shared site.