Boy Scouts’ $2.4 billion bankruptcy plan upheld by judge
The plan would let the organization keep operating while it compensates tens of thousands of men who say they were sexually abused as children while involved in Scouting.
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Dollar General targeted by U.S. for systemic work hazards
Over the past two years, the Labor Department’s Occupational Safety and Health Administration has issued fines of $12.5 million against Dollar General, the most of any retailer during that period.
U.S. renewable electricity surpassed coal in 2022
Growth in wind and solar significantly drove the increase in renewable energy and contributed 14% of the electricity produced domestically in 2022.
Amendment to road funding bill would allow state takeover of Indianapolis
City officials, local government advocates and several Democrats serving on the House Roads and Transportation committee voiced deep concerns Tuesday over the language in the amendment.
Jet Access completes new Greenfield corporate hangar
Sean White, executive vice president of FBO operations for Jet Access, said it was essential the company invested in its central Indiana operations due to a “significant shortage” of hangar space in the region.
Fed official: Bank rules under review in wake of SVB failure
Michael Barr, the nation’s top banking regulator, said during a Senate Banking Committee hearing that the Federal Reserve is considering whether stronger bank rules are needed to prevent a similar bank failure in the future.
Opponents say mixed beverage bill could raise prices for consumers
A bill letting beer wholesalers cash in on lucrative liquor-based drinks would “expand their monopolistic advantage” and hike prices for consumers, argues a leading wine and liquor organization.
Building across from future Eleven Park site expected to house new restaurant
A local entrepreneur is in the early stages of redeveloping a 5,400-square-foot building, anchored by a pizza restaurant, directly south of the Indy Eleven and Keystone Group stadium district project at the former Diamond Chain Manufacturing Co. site.
Mitch Daniels takes position with Carmel-based Liberty Fund
The Liberty Fund said the former governor’s work will focus on the creation of educational programming and partnerships that will strengthen the not-for-profit’s existing education programs.
Google seeks dismissal of federal lawsuit alleging advertising monopoly
Google on Monday filed a motion to dismiss a Department of Justice lawsuit that aims to break up its alleged monopoly in online advertising, the company’s first salvo in a case widely seen as a test of the Biden administration’s ability to rein in the tech industry.
FedEx plans to move LA maintenance operations to Indianapolis
FedEx, which employs 5,800 people at its Indianapolis International Airport Hub, expects to eliminate as many as 400 jobs from its aircraft maintenance center based at Los Angeles International Airport.
Hendricks Regional Health CEO named to lead Ascension St. Vincent
Kevin Speer, who is to replace Jonathan Nalli, will take over as health system is going through a major restructuring.
Indiana bill banning gender-transition care for minors sent to governor
The bill would prohibit transgender youth under 18 from accessing hormone therapies, puberty blockers and surgeries in the state.
Indiana sizing up possible bid for new federal life-sciences hubs
The Advanced Research Projects Agency for Health, or ARPA-H, is looking for cities that can help design biomedical products, enhance clinical trials and bring new health products to market. Winning bidders would land hundreds of jobs.
City breaks ground on key project in $1.1B infrastructure plan
Construction began Monday on the so-called “road diet” project on West Michigan Street in Indianapolis, a $4.7 million “traffic-calming measure” that will reduce the number of lanes for motorized vehicles
U.S. to adopt new restrictions on using commercial spyware
The order responds to growing U.S. and global concerns about programs that can capture text messages and other cellphone data. Some programs—so-called “zero-click” exploits—can infect a phone without the user clicking on a malicious link.
IndyCar inks second extension with series title sponsor NTT
As part of the agreement, NTT and affiliate NTT Data will continue as the official technology partners of IndyCar, Indianapolis Motor Speedway, the Indianapolis 500 and NASCAR’s Brickyard weekend.
Troubled Silicon Valley Bank to be acquired by First Citizens
While more than half of Silicon Valley’s assets will remain in U.S. receivership, the First Citizens deal announced late Sunday, at least initially, seemed to achieve what regulators have sought: a shoring up of trust in U.S. regional banks.
Huge school voucher expansion faces questions in Senate
The expansion backed by Indiana House Republicans could cost more than $500 million over the next two years—nearly one-third of the total proposed school funding increase—by raising the income limit to qualify for state money toward private school tuition.
IBJ Podcast: How Homefield sprints to make apparel for Cinderellas of March Madness
In this week’s edition of the IBJ Podcast, Connor and Christa Hitchcock explain how they parlayed their success with small schools into agreements with the bigger names.