U.S. monthly job openings dip to still-high level
The Federal Reserve is closely monitoring the figures on job openings and quits for signals about the strength of the job market.
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Lawmakers skeptical grocery merger will mean lower prices
Kroger announced its plan to acquire Albertsons for $20 billion in mid-October. Together, the companies would control about 13% of the U.S. grocery market.
Drug slows Alzheimer’s, but can it make a real difference?
An experimental Alzheimer’s drug modestly slowed the brain disease’s inevitable worsening, researchers reported Tuesday—but it remains unclear whether that will have an impact on people’s lives.
Senate vote to protect same-sex marriage reflects years-long political shift
The Respect for Marriage Act, once repassed by the House and signed by President Joe Biden, will help protect recognition of same-sex marriages, enforced by the U.S. Supreme Court’s 2015 Obergefell v. Hodges ruling, against future legal challenges.
Greenwood man gets 6 years in federal prison for embezzling $14M
Investigators say Daniel Fruits used embezzled money to purchase two Ferraris, a Corvette, a show horse, multiple Rolex watches, firearms and high-end escort services.
Thanksgiving air travel lagged 2019 despite rebound in flying
Major carriers United Airlines Holdings Inc., Delta Air Lines Inc. and American Airlines Group Inc. said they had relatively smooth operations during the holidays, with only a handful of cancellations.
State asks Lebanon to annex 5,225 acres for LEAP district
The Indiana Economic Development Corp. and 43 Boone County landowners are asking the city of Lebanon to annex the land for a massive research and innovation park.
U.S. consumer confidence falls for second month
A rising number of households are stepping up their use of credit cards—or “buy now, pay later” plans—to keep up with higher prices.
Cyber Monday sales on track to break record despite U.S inflation
Shoppers less concerned about COVID-19 returned to stores for more of their shopping, which blunted online sales growth, according to Adobe.
Local firm acquires $104M industrial building on south side
While it’s not clear what the new owner plans to do with the building, the name of the holding company indicates uses as a cold-storage or pharmaceutical facility—or both.
Blue & Co. acquires Indianapolis accounting firm
Carmel-based accounting firm Blue & Co. LLC has acquired Alerding CPA Group in Indianapolis.
AG asks Indiana Supreme Court to hear COVID case against Ball State
The class-action lawsuit against Ball State University was filed by a student at the school last year. The legal challenge claims Ball State has refused to reimburse students for tuition and fees that were paid for in-person classes and services.
Indiana pension system lost $200M-plus in Russia-Ukraine fallout
Indiana’s pension system lost $200 million in two months after Russia invaded Ukraine in early 2022, but that’s loose change for a system with $45.8 billion in assets invested all over the world.
Indianapolis-based tech firm Zylo lands $31.5M investment
The latest investment is the fourth major round of funding for Zylo, which was founded in 2016 and has raised more than $66.5 million to date. The company helps customers manage their software-as-a-service subscriptions.
Westfield City Council approves term limits despite legal concerns
The ordinance limits the mayor and city council members to two consecutive four-year terms and the clerk-treasurer to three consecutive four-year terms.
Powell to set stage for slowing Fed rate hikes amid hawkish tone
Chair Jerome H. Powell is expected to this week cement expectations that the Federal Reserve will slow its pace of interest-rate increases next month, while reminding Americans that its fight against inflation will run into 2023.
Biden calls on Congress to head off potential rail strike
A coalition of more than 400 business groups sent a letter to congressional leaders Monday urging them to step into the stalled talks because of fears about the devastating potential impact of a strike.
BlockFi seeks protection as FTX collapse rattles crypto
In a Monday filing for bankruptcy protection in New Jersey, where it is based, BlockFi claimed more than 100,000 creditors and liabilities ranging from $1 billion to $10 billion.
Corteva cutting 1,000 workers globally, including at Indianapolis HQ
Corteva Inc., the Indianapolis-based seed and insecticide giant, is cutting 5% of its global workforce, or roughly 1,000 workers, as it reduces its portfolio of products and streamlines its operations.
City to spend $20M on West Washington Street following Blue Line shift
The infrastructure-improvement project is smaller than the $50 million plan that IndyGo dropped after an October board decision to alter plans for the Blue Line rapid-transit bus line on the west side.