Retail sales up modest 0.4%, buoyed by online, dining spending
Consumers are facing plenty of challenges heading into the second half of the year from tightening credit to a weaker job market.
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Construction manager Skillman goes all-in on employee ownership
Skillman, the 11th-largest Indy-area construction contractor, is among a handful of local construction firms to give their employees a direct stake in operations and profits.
Noblesville-based Helmer Scientific acquired by Trane Technologies
Helmer Scientific, which makes temperature-controlled storage equipment for hospitals, labs, blood banks, and pharmacies, was founded in Noblesville in 1977 and has more than 400 employees.
Pence allies launch super PAC to back his expected 2024 presidential candidacy
The launch is the latest sign that former Vice President Mike Pence is moving ahead with his expected bid for the GOP nomination—a move that would put the former Indiana governor in direct contention with his former boss, former President Donald Trump.
City’s mental health crisis response teams to launch this summer
Four clinician-led teams will be available to respond to mental health crises in the downtown district of the Indianapolis Metropolitan Police Department as early as July.
Bond Bank executive to take over as city controller
Sarah Riordan’s appointment was one of several staffing changes announced Monday by Indianapolis Mayor Joe Hogsett.
Council committee advances plans for city-owned $510M Pan Am Plaza hotel
Representatives for Indianapolis Mayor Joe Hogsett said a feasibility study is expected to be completed before a full City-County Council vote set for June 5.
Biden, congressional leaders to meet over debt limit as McCarthy pushes for faster deal
The president and House Speaker Kevin McCarthy are trying to strike a budget deal before the U.S. Treasury runs out of cash to keep paying the nation’s bills, which could occur as soon as June 1.
Developer planning $15M building to fill final space at Fishers business park
Two companies, Certus Medical LLC and Radiological Care Services LLC, plan to occupy 50,000 square feet in the 100,000-square-foot building.
Salvador Dali imagery to be displayed at Newfields’ Lume in 2024
The Dali exhibition and a Van Gogh encore were announced during the annual meeting for the 140-year-old museum.
Amazon plans to add ChatGPT-style search to its online store
Amazon.com is rivaling efforts by Microsoft and Google to weave generative artificial intelligence into their search engines.
Cook Medical cutting 500 jobs as part of strategic refocusing
The Bloomington-based maker of medical devices said the move is part of a new plan to strongly focus on product innovation.
Repelled by high prices, Americans holding on to vehicles longer than ever
The average age of a passenger vehicle on U.S. roads hit a record this year, according to data gathered by S&P Global Mobility.
Utilities notch legislative victories in Indiana
New laws are set to let the state’s existing utilities get first dibs on a billion-dollar slate of new transmission projects, put natural gas plant costs into rates before construction ends, and more easily recoup other costs.
City, Downtown Indy Inc. expand Mile Square homeless-outreach team
The 18-month initiative is using federal funds to employ six full-time homeless-outreach specialists who will be led by a community-outreach coordinator.
Central Indiana existing-home sales fall for 15th straight month
Homes are spending much more time on the market than they did a year ago, but median prices are still on the rise.
IBJ Podcast: Rabbi Dennis Sasso on 275 weddings, 1,000 funerals, 800 b’nai mitzvah over 47 years
IBJ Podcast host Mason King sat down with Sasso and his wife, Rabbi Sandy Eisenberg Sasso, to discuss Dennis’ decision to step down.
End of a love affair: Automakers eliminating AM radio from many new cars
Some radio station owners and advertisers contend that losing access to the car dashboard will indeed be a death blow to many of the nation’s 4,185 AM stations.
COVID era of big spending gives way to new focus on deficit
While the White House has threatened to veto Republican House Speaker Kevin McCarthy’s debt ceiling bill with its “devastating cuts” to federal programs, the administration has signaled a willingness to consider other budget caps.
AI presents political peril for voters in 2024: ‘We’re not prepared for this’
Generative AI can not only rapidly produce targeted campaign emails, texts or videos, it also could be used to mislead voters, impersonate candidates and undermine elections on a scale and at a speed not yet seen