Stellantis to lay off 300 workers in Kokomo as UAW strike reaches 6th day
Stellantis, which makes Chrysler, Dodge and Jeep vehicles, said Wednesday that the layoffs are a consequence of the strike at its assembly plant in Toledo, Ohio.
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Fed leaves rates unchanged as it debates economy’s next steps
The Federal Reserve signaled one more hike was possible this year, as central bankers shift their focus toward how long they’ll keep rates high and when they’ll decide there has been enough progress on their inflation fight.
Three Carrots, an Indianapolis pioneer in vegan cuisine, to close
Three Carrots, which originated as an Indianapolis City Market stand, opened as a Fountain Square restaurant in 2017.
UPDATE: Department of Defense awards Indiana $33M for regional innovation hub
Indiana is one of eight states selected for a regional technology and innovation hub that will be part of a federally funded national network of centers supporting domestic production of microelectronics, semiconductor manufacturing and other advanced technologies.
U.S. hotels working with 238K fewer workers than before pandemic
Nationally, many hotels say they have been trying to increase head count—they just haven’t had much luck. A May survey by the American Hotel & Lodging Association showed 82% of hotels were experiencing staffing shortages, most notably in housekeeping.
Biden uses executive power to create New Deal-style American Climate Corps
The White House said the program will employ more than 20,000 young adults who will build trails, plant trees, help install solar panels and do other work to boost conservation and help prevent catastrophic wildfires.
Kalamazoo Institute of Arts leader hired for top role at IMA at Newfields
The announcement completes a hiring process that lasted nearly four years and sparked historic changes at Newfields art museum and gardens.
Eli Lilly sues businesses selling knockoff versions of Mounjaro
Lilly is suing medical spas, wellness centers and compounding pharmacies in various U.S. states that sell unapproved versions of its blockbuster diabetes drug, which is frequently used off-label for weight loss.
Vanguard Collegiate charter school to close amid declining enrollment
The school, which opened in 2018 in the Hawthorne neighborhood on the city’s west side, fell far short of its ambitious enrollment goals.
Federal Reserve expected to leave its key interest rate unchanged
Further clues about the future path of the Fed’s interest rate policy could emerge at a news conference Wednesday after the central bank issues a policy statement and its quarterly economic projections.
Paintover of memorial mural in Broad Ripple stuns arts community
A prominent mural paying tribute to late photojournalist and reggae DJ Mpozi Mshale Tolbert was completely covered in white paint Monday in a matter of hours.
U.S. Senate hopeful Rust files suit over state law that keeps him off ballot
John Rust, chairman of the board of Seymour-based egg producer Rose Acre Farms, argues that a 2021 state election law “creates a cycle of voter disenfranchisement.”
UPDATE: UAW threatens to expand strike if there’s no substantive progress by Friday
UAW President Shawn Fain said workers at more factories will join those who are now in the fifth day of a strike at three plants.
Former Indiana congressman sentenced to 22 months in prison for insider trading
Steve Buyer was convicted in connection with insider trading involving the $26.5 billion merger of T-Mobile and Sprint, announced in April 2018, and illegal trades in the management consulting company Navigant.
Spooky coffee shop, short-term rental planned at former dental clinic
Black House Cafe is expected to open by the end of the year, said Dennis Brackenridge, who purchased the Fountain Square building last October.
City seeks help from HUD to address troubled Indianapolis Housing Agency
The local low-income housing authority has faced recent financial troubles, understaffing, and litigation from the Indiana attorney general and tenants. In late October 2022, the agency was hit by a ransomware attack.
Central Indiana existing-home sales fall for 19th straight month
Existing homes in the 16-county area are spending much more time on the market than a year ago, from an average of 22 days in August 2022 to 31 days last month.
Google adds ChatGPT rival Bard to Gmail, YouTube, Docs and more
Google is integrating its Bard artificial intelligence chatbot with some of its other products, as the tech giant tries to keep up with fierce competition and get more people to use its AI tools.
Bila Solar seeks tax break on $36M in equipment for HQ, production facility
The tax abatement would save the company about $1.92 million in personal property taxes over eight years—about 66.3% of the total in taxes owed.
Instacart goes from supermarket to stock market, raising $660M with IPO
The pricing of the IPO gave Instacart a market value of around $10 billion, significantly lower than the $39 billion value placed on it after a fundraising round in 2021.