Gas prices hit their highest level this year as heat hampers refineries
The average price for a gallon of regular-grade gas in the United States reached $3.80 on Wednesday, 26 cents more than a month ago, according to data from AAA.
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Credit downgrade for federal government shocks Biden aides, as more debt fights loom
While it caught the White House by surprise, the decision to downgrade U.S. government debt reflects Washington’s persistent battles over rising federal debt, now projected to approach levels unseen since the end of World War II.
Pence criticizes Trump and ‘crackpot lawyers’ at Indiana State Fair campaign stop
The former Indiana governor doubled down on “the impact inflation has had on American families,” and highlighted his four-step plan to reduce government spending and reform the Federal Reserve.
Longtime solicitor general leaves for the private sector
Indiana Solicitor General Thomas Fisher will leave for a “school choice” advocacy organization next month, after nearly two decades in his role with the Attorney General’s Office. He was the first to hold the position.
BuffaLouie’s wing spot to expand from Bloomington to Carmel
A restaurant that has served up chicken wings and hamburgers in Bloomington for the past 36 years plans to make its Carmel debut in November.
Doden launches first TV ad in Indiana governor’s race
Eric Doden, the Fort Wayne developer running for governor, is throwing $2 million behind the first television and digital advertising buy in the 2024 gubernatorial race, his campaign announced Tuesday.
Pence fought order to testify, but now is central figure in former boss’s indictment
The 45-page indictment of former President Donald Trump is informed, in part, by contemporaneous notes that former Vice President Mike Pence kept of their conversations in the days leading up to the Jan. 6 attack on the U.S. Capitol.
NCAA’s business review pushes association to get creative in supporting schools, athletes
The review, which found college sports was at a “crossroads,” was one of the first items on NCAA President Charlie Baker’s to-do list when he took over in March.
Sales of incandescent bulbs turned off for good under new U.S. rules
New federal rules governing the energy efficiency of lighting systems went into full effect Tuesday, effectively ending the sale and manufacture of bulbs that trace their origin to an 1880 Thomas Edison patent.
AES Indiana says state storm outage investigation not warranted
State and not-for-profit utility consumer advocates filed a joint petition on July 11 asking the Indiana Utility Regulatory Commission to investigate the utility’s “practices and procedures for storm outage restoration.”
Marathon Health buys Missouri firm in move that boosts membership by 32%
The acquisition will add about 300,000 members to Indianapolis-based Marathon Health’s network and expand its footprint in 15 states where the two companies do business.
Trump charged in probe of Jan. 6, efforts to overturn 2020 election
The four-count, 45-page indictment accuses former president Donald Trump of three distinct criminal schemes, charging that he conspired to defraud the U.S., conspired to obstruct an official proceeding and conspired against people’s rights.
UAW to show list of economic demands to automakers this week
The United Auto Workers union will present a long list to General Motors, Ford and Stellantis when it delivers economic demands to the companies this week, the union’s president says.
California firm terminates $875M acquisition of Cook Medical unit, FTC says
The Federal Trade Commission said CooperCompanies’ decision to abandon the deal “ensures that critical reproductive health markets remain competitive.”
Bed Bath & Beyond hanging on as online retailer
Overstock.com officially relaunched the Bed Bath & Beyond domain online Tuesday in the United States after acquiring the bankrupt retail chain’s intellectual property assets for $21.5 million in June.
Emmis Corp. to make another attempt to go private
Emmis Corp. CEO Jeff Smulyan says he believes his fourth pitch to take the Indianapolis-based media company private will be successful.
Job openings fall to lowest level in 2 years as demand for workers cools
The government’s report also showed that the number of people who quit their jobs in June fell sharply to 3.8 million, from 4.1 million, another sign the job market is slowing.
City, CIB break ground on $800M hotel, convention center expansion
The ceremony follows months of construction work beneath the plaza to stabilize certain structures, like Pan Am Tower, and prepare the site for a three-year buildout.
State’s economic development agency seeks incentive funds for $3.2B mystery project
The Indiana Economic Development Corp. is seeking $120 million in performance-based incentive funds for a company planning a new facility that will create 1,400 high-wage jobs, according to the State Budget Committee’s agenda for its Friday meeting.
Chatbots sometimes make things up. Is AI’s hallucination problem fixable?
Spend enough time with ChatGPT and other artificial intelligence chatbots and it doesn’t take long for them to spout falsehoods. That’s problem for every business, organization and high school student trying to use one to get work done.