Indianapolis lab agrees to pay more than $9M in settlement over improper Medicare claims
The government says the lab billed Medicare for tests that were unnecessary or tied to improper referral arrangements.
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Biglari Holdings’ lawsuit says it was deceived during purchase of Texas oil company
Biglari, owner of the Indianapolis-based Steak n Shake restaurant chain, alleges that the CEO fraudulently misrepresented Abraxas’ valued assets during negotiations to acquire the company.
Stephen Cox to leave top spot at Indiana Broadband Office
Cox, who has overseen the Indiana Broadband Office’s growth from two employees to 16 over the last two years, is departing this week.
Struggling Kohl’s names 4th CEO in as many years in attempt to staunch sales slide
Kohl’s has more than 40 stores in Indiana, including 14 in the Indianapolis area.
Encompass Health to build rehabilitation hospital in Fishers
The facility will be the third in Indiana for Encompass Health Corp., the nation’s largest owner and operator of inpatient rehabilitation hospitals.
Amazon data center tally tops 900 amid AI frenzy, documents show
Amazon’s cloud unit produced $33 billion in revenue in the third quarter and remains the company’s most-profitable division.
FAA preparing for busiest Thanksgiving in 15 years
In addition, AAA projects 1.3 million more travelers will be on the roads than last year, pushing the total number of people traveling by car to at least 73 million.
IBJ Podcast: You’re a skeptical, penny-pinching CEO. What are your first steps for adopting AI?
Company executives might believe they face high barriers—including cost, employee resistance and lack of technical expertise. But an expert on executive education says solutions are within almost anyone’s grasp.
Are millennials frozen out of housing market? Reality may be more interesting.
A recent survey showing that the average first-time home buyer is now 40 years old isn’t standing up to scrutiny.
IPO market’s red-hot year has been cooled by the shutdown and more caution among investors
The S&P 500 is still up more than 12% for the year and the tech-heavy Nasdaq is up more than 15%.
Roblox bid for ad riches collides with wary sponsors, developers
Multiple obstacles stand in the way of Roblox becoming the internet’s next ad juggernaut.
As threats escalate against Indiana lawmakers, Braun says his family also targeted
Indiana Gov. Mike Braun said Indiana State Police and other law enforcement agencies have been working “around the clock all week” to protect lawmakers and investigate the string of incidents.
Governor says Indiana can ‘get this right’ on energy policy
Speaking at the IBJ’s Future of Energy Summit, Braun kicked off discussion of how lawmakers, utility companies and businesses can work together to usher Indiana through a unique time when energy demand is skyrocketing and affordability concerns are at the forefront of Hoosier minds.
Dennis Bland keeps Center for Leadership Development—and the kids it serves—moving forward
For that devotion, and for a lifetime spent quietly strengthening the city around him, IBJ has named Bland the 32nd recipient of the Michael A. Carroll Award.
Uncertainty lingers for Jack’s Donuts franchisees
News of the corporate bankruptcy has led to questions for franchisees from their worried customers and employees over the past few weeks.
City’s roster of cultural districts spikes from seven to 19
The move nearly triples the number of highlighted areas and recasts perceptions of what areas are worthy of recommending to visitors.
Google, US government battle over future of internet advertising
The courtroom showdown will pit lawyers from Google and the U.S. Department of Justice against each other in closing proceedings focused on the complex technology that distributes millions of digital ads across the internet each day.
Punch Bowl Social faces eviction amid unpaid-rent lawsuit by Circle Centre owner
Hendricks Commercial Properties is asking the court to permit it to move forward with evicting Punch Bowl from its space and to collect unpaid rent, late charges, attorney fees, interest and other legal expenses.
Indiana Senate Republican reports business bomb threat
After a week of swatting attempts on his colleagues, Indiana Sen. Andy Zay on Friday confirmed a bomb threat at his vehicle rental business.
Lilly joins $1 trillion club as weight-loss drugs fuel stock surge
It’s just the latest landmark for Indianapolis-based Lilly, which was catapulted into the top spot as the world’s largest health care company by market capitalization in 2023.