BorgWarner to buy rival auto parts supplier Delphi for $3.3B
BorgWarner Inc. stockholders are expected to own about 84% of the combined company, with Delphi Technologies shareholders owning approximately 16%
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U.S. consumer confidence shows solid gain in January
The increase, which followed a more moderate advance in December, reflected a more positive assessment of the current job market and increased optimism about future job prospects.
Goodwill lands building donation for east-side Excel Center
Longtime commercial real estate executive Gene Zink has donated a 20,298-square-foot building at 3919 Meadows Drive to Goodwill. The Excel Center program has been leasing the 59-year-old former Bible college building near Rural and 38th streets since July 2011.
Speedway Democrat not seeking re-election to Statehouse
Indiana Rep. Karlee Macer, of Speedway, announced Tuesday that she won’t run for re-election for House District 92 this year. She previously considered a run for governor.
Crestline plans $21M mixed-income apartment project on near-north side
The Indianapolis Neighborhood Housing Partnership bought the property on Meridian Street last year in hopes of finding a developer that would create affordable housing. Indianapolis-based Crestline fit the bill.
Local Bar Louie restaurants escape parent’s bankruptcy-related closure list
Gastropub chain Bar Louie Restaurants filed for Chapter 11 bankruptcy on Monday and closed 38 corporate-owned restaurants across the country. But the Addison, Texas-based chain’s two Indianapolis-area locations are franchises and remain open.
Justices let Trump’s ‘wealth test’ for immigrants proceed
The Supreme Court on Monday allowed the Trump administration to begin implementing new “wealth test” rules making it easier to deny immigrants residency or admission to the United States because they have used or might use public-assistance programs.
Bill that seeks more protections for pregnant workers advances
The Senate Family and Children Services Committee voted 7-2 Monday to endorse the bill, even though some business groups argued it wasn’t necessary and could lead to greater burdens on small businesses.
Former Indiana House Speaker Bauer retiring after 50 years
Pat Bauer, 75, announced Monday he wouldn’t seek re-election this year in the South Bend district that he’s represented since 1970. He’ll retire as the longest-serving member in the Indiana Legislature’s history.
China virus outbreak rams global tourism, costing billions
Businesses around the world that have grown increasingly reliant on big-spending tourists from China are taking a heavy hit, with tens of millions of Chinese residents restricted from leaving their country as the coronavirus spreads.
Holcomb says he supports gaming commission investigation into Centaur
Indiana Gov. Eric Holcomb on Monday said he backs the Indiana Gaming Commission’s probe into casino executives who have been implicated in a federal campaign finance scheme. The investigation has delayed action on a proposed new Indiana casino.
U.S. stocks tumble amid global sell-off on fear of coronavirus
Chinese health authorities have confirmed 2,750 cases of the coronavirus along with 81 related deaths as authorities extended a week-long public holiday by an extra three days as a precaution against having the virus spread still further.
WNDY-TV to broadcast 70 Indianapolis Indians games over next two seasons
Circle City Broadcasting, the owner of WISH-TV Channel 8 and WNDY-TV Channel 23, has signed a two-year contract to air Indianapolis Indians home baseball games over the next two years.
Central Indiana existing-home sales finish 2019 with surge
Sales of existing single-family homes rose in three of the last four months of 2019 in central Indiana, capping off a sluggish year for transactions amid rising prices and low inventories.
IBJ Podcast: The session so far—health care, teacher evaluations and hands-free phone use
IBJ’s Statehouse reporter Lindsey Erdody breaks down what bills are moving, which ones already are dead and what’s about to hit Gov. Eric Holcomb’s desk.
Survey of business economists finds slight rise in optimism
The latest survey by the National Association for Business Economics released Monday found economists are slightly more optimistic about economic growth than they were three months ago, and most foresee sales at their companies remaining solid.
Prof arrested amid protest against white nationalism may sue
An Indiana University associate professor arrested last summer while protesting against a farmers’ market vendor alleged to have ties to a white supremacist group has filed a tort claim against Bloomington seeking compensation of at least $500,000.
Gene Corrigan, former NCAA president, Notre Dame AD, dies at 91
Corrigan spent his entire career involved in college sports as a coach, administrator and conference commissioner. He was a leader in the creation of the bowl coalition, the precursor to the Bowl Championship Series in the pre-College Football Playoff era.
Indiana casino approval delayed while state probes former Centaur execs
The Indiana Gaming Commission confirmed Friday that is postponing approval of a new Indiana casino while it investigates allegations that top executives at former Indianapolis racino business Centaur Gaming were involved in directing illegal campaign contributions to an Indiana congressional candidate in 2015.
Health care systems scramble to offer latest in cancer care
Indiana University Health’s new Schwarz Cancer Center is the latest addition to a crowded landscape of cancer centers and hospital oncology programs popping up around central Indiana.