High-end Proscenium apartment property in Carmel changes hands
A 196-unit mixed-use apartment and retail development in Carmel has been sold in a deal brokers called one of the most notable—and complex—sales of the year in the metropolitan area.
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Lilly posts 3Q loss of $57M, cuts full-year profit guidance
Excluding nonrecurring items, the Indianapolis-based drugmaker posted adjusted earnings of 10 cents a share, beating Zacks consensus estimate of a loss of 11 cents a share.
Cook Medical sells portion of reproductive health business for $300M
The move comes three months after a proposed $875 million sale of Cook’s entire reproductive health business to Cooper was called off.
Shreve proposes property-tax freeze for some Indianapolis homeowners
Mayoral candidate Jefferson Shreve this week rolled out a proposal to freeze property taxes in Indianapolis for residents older than 65 and those seeing drastic increases in assessed home values.
Drake apartments property receives five proposals for reuse
The Department of Metropolitan Development in August issued a request for proposals for updating the long-vacant, city-owned building at 3600 N. Meridian St.
Mark Montieth: A word to describe the late Bob Knight? Complex.
He’ll ultimately be remembered for his coaching acumen, of course. His teams featured what for his era was the ultimate brand of basketball. Controlled pace, crisp ball movement, careful shot selection and stout defense.
Players, colleagues remember Knight as innovator, champion
Those who played for, worked with or competed against Bob Knight expressed their thoughts after the death of the legendary coach.
Hoosier coaching legend Bob Knight dies at 83
Robert Montgomery “Bobby” Knight, who led Indiana University to three NCAA basketball championships, died Wednesday, his family announced.
Trump endorses Mike Braun in Indiana governor’s race
The former president said Braun—an Indiana senator—is working hard to “support our law enforcement, secure our borders and stop the woke fascist mob trying to destroy our country.”
UPDATE: Fed leaves key rate unchanged but keeps open possibility of future hike
Policymakers are grappling with how much more pressure to keep on an economy that has largely shrugged off the central bank’s moves to slow it down.
MDC approves proposed taxing district for Indy Eleven stadium
The Metropolitan Development Commission’s approval, which came by a 8-0 vote, sends the proposal to the City-County Council, where it will be introduced Nov. 13.
Syra Health rings Nasdaq opening bell; shares slide to new low
The company was formed only three years ago and went public on Sept. 29 in an initial public offering that raised $5.3 million after expenses.
U.S. job openings rise slightly in monthly count
The September openings are down from a record 12 million in March 2022 but remain high by historical standards.
New study says untreated mental illness in Indiana carries annual cost of $4.2B
The research published by the IU Richard M. Fairbanks School of Public Health found that one in five Indiana residents with mental illness do not receive the treatment they need.
Group forms in opposition to LEAP District water pipeline
The group, “Stop the Water Steal,” plans to lead a letter-writing campaign to local and state officials, urging them to stop the pipeline, slow its progress or minimize its impact on community water resources.
FFA convention arrives downtown this week with expected 70K visitors
The four-day event is expected to generate nearly $40 million in economic impact, according to Visit Indy.
Automakers likely to raise prices in wake of UAW strikes
General Motors, Ford and Stellantis are facing sharply higher labor costs, estimated by some analysts at exceeding $1 billion per year, per company.
Largest Christian university in U.S. faces record fine after federal probe
An Education Department investigation alleges that Grand Canyon University lied to more than 7,500 current and former students about the cost of its doctoral programs.
ACLU of Indiana announces new executive director
Christopher Daley will lead the organization following the retirement of Executive Director Jane Henegar.
Jury awards $1.8 billion in Realtor case, finds groups conspired to inflate commissions
The decision involves a sale’s commission, which hovers around 5% to 6% of the home sale price and is paid by the home seller both to the sellers agent and the buyers agent.