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.
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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.
New USA Gymnastics president points to ‘positive trajectory’
Li Li Leung said she has spoken with more than 400 members of the gymnastics community—including Larry Nassar victims—in an attempt to create an open dialogue about what USA Gymnastics needs to become if it wants to survive.
Local charter school going out on its own, saying goodbye to longtime network
After years of being managed from afar by the charter network that started it, the local board that oversees Victory College Prep is betting that it can operate independently.
Former Indiana Pacers player joins First Merchants board
Clark Kellogg, a first-round draft pick for the Indiana Pacers in 1982 and current lead basketball analyst for CBS Sports, has been a member of the bank’s advisory board since 2001.
Bottleworks adds two more tenants to Garage Food Hall lineup
Vendors who sell seafood and distilled spirits have signed leases in the food hall portion of the $300 million Bottleworks development at 850 Massachusetts Avenue.
Wei Ramen restaurant preparing to open downtown
Upstairs from Wei Ramen, and under the same ownership, Indy Cyber Cafe plans to offer coffee, desserts and a pay-for-use business center.
IAC considers giving up control of ANGI Homeservices, Match Group
Shares of ANGI Homeservices Inc., the parent of Indianapolis-based Angie’s List, fell as much as 30 percent Thursday after the company’s quarterly results missed Wall Street expectations.