Ex-coach for USA Diving gets 4 years in prison for sexual battery
The victim is among divers suing Indianapolis-based USA Diving, alleging it didn’t do enough to stop coach William Bohonyi.
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IndyHumane eliminates five employees as part of restructuring
An email from CEO David Horth to staff and volunteers said employees with decades of combined experience had been terminated, including the chief operating officer and director of animal behavior for the not-for-profit.
Holcomb folding agency for growing defense sector under IEDC’s wing
The governor also has named a 41-year military veteran as the new point person for the Indiana Office of Defense Development as it becomes a business unit of the Indiana Economic Development Corp.
Fishers deputy mayor McGrath rules out run for U.S. Congress
Leah McGrath, a Republican, had been considered a possible candidate in Indiana’s 5th District, which is being vacated by Rep. Susan Brooks. Brooks has represented the district since 2013.
Spas seeing more men, using less-is-more approach
Spa visits and the money they generate reached record highs last year in the U.S. with $18.3 billion in revenue driven by 190 million pampering trips, according to the International Spa Association.
IBJ Podcast: How Indy will use tax incentives to combat low wages
To help lower income residents make headway toward the middle class, city officials are encoding economic development policies with strategies to support them. In this week’s podcast, Ian Nicolini of Develop Indy unpacks how tax incentives will be tied to inclusion efforts.
EPA to host meeting on sewer work near tainted Indiana site
Residents in a central Indiana city are set to get an update from federal officials this week about planned sewer work near a tainted industrial site.
Project means new housing for 2,000 Indiana University students
IU accelerated the timetable for renovations to the Foster Quad and McNutt Quad residence halls after mold was found in both buildings last fall.
Martinsville sock-maker FBF Originals ready to run
The Morgan County town’s best-kept entrepreneurial secret might not be a secret much longer, thanks to private equity ownership, an expanded management team, and ambitious plans to double revenue.
What Sardar Biglari needs to fix to save Steak n Shake
The hedge fund manager, who gained control of the Indianapolis-based chain a decade ago, is facing challenges on many fronts—from declining customer traffic to a looming loan maturity.
IPL’s rates for power jumped 57% over decade
That’s a steeper increase than any other electrical utility in the state except Indiana Michigan Power and Auburn Municipal, according to the Indiana Utility Regulatory Commission.
Bleak newspaper-industry outlook spurs buyout of Star parent
On Aug. 5, GateHouse—a New York-based chain backed by an investment firm—announced a deal to buy Gannett for $1.4 billion.
Roche Diagnostics CEO leaving to join Arizona company
Jack Phillips, who has led Roche Diagnostics’ North American operations in Indianapolis since 2010, will become chief operating officer of Accelerate Diagnostics in Tucson.
Housing developer Litz & Eaton splits amid financial questions, client lawsuit
The breakup of the residential broker and homebuilder—who have worked together since 2010 and had several more projects in the pipeline—occurred in June.
Bayer proposes paying $8B to settle Roundup cancer claims
An agreement would ease investor pressure over massive litigation exposure the German drug and chemical giant took on with its $63 billion purchase of the weedkiller’s maker, Monsanto Co.
U.S. wholesale prices see modest July increase
U.S. wholesale prices ticked up just 0.2% in July, the latest sign that inflationary pressures are largely in check.
INDOT set to close portion of Interstate 465 for 15 days
INDOT said all lanes of I-465 will be closed from I-65 on the south side to I-70 on the east side starting at 9 p.m. Friday.
McLaren to return to full-time IndyCar racing in 2020
The England-based company plans to return to full-time IndyCar competition next season for the first time since 1979 in a partnership with existing team Arrow Schmidt Peterson Motorsports.
IU researchers partner with LinkedIn to publish labor flow study
A small team of researchers at Indiana University, in collaboration with LinkedIn, has created the first-ever global map of labor flow—how people move between jobs and industries in geographic regions. IU researchers said their findings provide useful insights into the growth and movement of the economy.
Trump calls on Federal Reserve to make ‘substantial’ rate cuts
President Trump said that the Fed’s high level of interest rates in comparison to other countries was keeping the dollar too strong and making it more difficult for U.S. manufacturers to compete.