O’Malia’s in Carmel buys its longtime showroom
The company has leased the 18,000-square-foot building since 2002 and hopes the purchase—made possible through a small-business loan—will cement it in that location for the foreseeable future.
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Indianapolis Cultural Trail to bridge White River in $21M expansion plan
Announced Tuesday, a one-mile expansion project will take Indianapolis Cultural Trail across the White River as part of the planned Henry Street Bridge south of Washington Street.
Elanco first-quarter earnings rise to $103 million, stock climbs
The company reported earnings per share of 45 cents, handily beating Wall Street’s estimate of 29 cents. Elanco shares soared by about 9% Tuesday in premarket trading, to $9.36.
City, historians at odds over how to approach possible Black grave sites at bridge project
The Indianapolis Department of Public Works says work on the bridge will halt if remains are found during construction, and it plans to have an archaeologist on site during construction who would flag signs of burial. But critics are seeking an archeological dig first.
Americans have bet $220B on sports in 5 years since legalization
Two-thirds of the country now offers legal sports betting, with additional states likely to join in coming months or years.
Banks report tougher credit standards in wake of failures
A Federal Reserve report shows that banks raised their lending standards for business and consumer loans in the aftermath of three large bank failures. It’s a trend that could slow the economy in coming months.
Indiana judge deals blow to state’s lawsuit against TikTok
The decision denied the request from Attorney General Todd Rokita for an order preventing TikTok from stating on app stores that it has “none” or “infrequent/mild” references to drugs, sexual or other inappropriate content for children as young as 12.
Colts owner warns NFL teams about tampering with former QB Luck
Jim Irsay made it clear in a Twitter post late Sunday night following a weekend report from ESPN that the Washington Commanders attempted to find out in 2022 whether the four-time Pro Bowler would consider making a comeback.
Catalent blames Bloomington operation for productivity issues, stock falls 26%
Catalent Inc., a contract drug manufacturer, said Monday it would delay quarterly earnings, blaming “productivity issues and higher-than-expected costs” at three plants—including an operation in Bloomington that it bought from medical device maker Cook Group.
Noblesville to build $36M arena to woo Pacers’ Mad Ants from Fort Wayne
As part of the move, the Mad Ants—named in honor of Fort Wayne’s namesake “Mad” Anthony Wayne—will get a new nickname.
Congress eyes new rules for tech: Here’s what’s under consideration.
Tech regulation is gathering momentum on Capitol Hill as concerns skyrocket about China’s ownership of TikTok and as parents navigating a post-pandemic mental health crisis.
Sasso to retire as senior rabbi at Congregation Beth-El Zedeck
Sasso, 75, was born and raised in Panama and became senior rabbi of Beth-El Zedeck in 1977.
U.S. to propose new rules for airline cancellations, delays
The aim of the rules would be, for the first time, to require airlines to pay compensation beyond a ticket refund and to cover expenses that consumers incur if the airline causes a cancellation or significant delay.
Ringo Starr to make first central Indiana concert appearance in 31 years
A Rock and Roll Hall of Fame inductee as a Beatle and as a solo artist, Ringo Starr will bring his All Starr Band to Indianapolis on Sept. 29.
New Taylor’s Bakery owner plans no changes at 110-year-old business
Taylor’s Bakery, a cake and pastries business that had been owned by four generations of the same family, has been acquired by an Indianapolis real estate investor.
IBJ Podcast: The biggest questions dogging the bills passed by the Indiana Legislature
Statehouse reporters Peter Blanchard of IBJ and Casey Smith of the Indiana Capital Chronicle talk about what the Legislature did this session and the work that remains for some of those laws to be implemented.
Meteorologist Ollis retiring after nearly four decades at WISH-TV
Randy Ollis, who has been delivering weather forecasts for WISH-TV Channel 8 in Indianapolis since 1984, plans to leave the station later this year, he announced on Facebook.
New cars, once part of American dream, now out of reach for many
The average price of a new vehicle in the United States has risen 30 percent over the past three years, according to Kelley Blue Book, pricing more Americans out of the new car market.
Yellen: ‘No good options’ if Congress fails to act on debt
Treasury Secretary Janet Yellen’s comments added even more urgency to a high-stakes meeting Tuesday between President Joe Biden and congressional leaders from both parties.
Indiana Rep. Chuck Goodrich announces run for Congress
Goodrich, president of Indianapolis-based contractor Gaylor Electric, becomes the second candidate to declare his intentions to represent Indiana’s 5th Congressional District.