Judge blocks Penguin Random House-Simon & Schuster merger
The judge issued a brief ruling Monday, agreeing with the Justice Department that the joining of two of the world’s biggest publishers could “lessen competition” for “top-selling books.”
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California biotech to invest $45M in Indy, hire 64 people
RayzeBio Inc., a private company founded in 2020 in San Diego, said it will invest in improvements and equipment in a former warehouse for e-commerce giant Amazon.com Inc.
Musk floats paid Twitter verification, fires board
Twitter’s new owner fired the company’s board of directors and made himself the board’s sole member, according to a company filing Monday with the Securities and Exchange Commission.
Clock ticking for private equity to spend through tougher times
Rising interest rates, inflation and recession risks have eroded consumer confidence and left buyout firms facing a new reality of higher financing costs and potentially lower returns.
Justices raise doubts on race-conscious college admissions
The future of affirmative action in higher education is on the table as the Supreme Court wades into the admissions programs at the nation’s oldest public and private universities.
Experts perplexed as U.S. workers get way less productive
In the first half of 2022, productivity—the measure of how much output in goods and services an employee can produce in an hour—plunged by the sharpest rate on record going back to 1947, according to data from the Bureau of Labor Statistics.
Hunger and health panel highlights creative solutions to food insecurity
At a forum Monday morning, much of the conversation involved partnerships between localities, not-for-profits, and health systems and their efforts to offer resources and solutions.
Instagram trying to reconnect users locked out of accounts
It was unclear whether the problem was an internal issue or whether the social media site had been hacked.
Salary transparency laws aim to combat pay disparities
Salary transparency laws are being adopted by a small but growing number of cities and states across the country in an effort to address pay disparities for women and people of color.
PAC led by former Indy mayor gives big to pro-charter school candidates
An Indiana political action committee chaired by former Democratic mayor of Indianapolis. In turn, that pro-charter school PAC has become a large contributor to Indiana Republicans.
IBJ Podcast: Ben Lytle on navigating coming disruptions in tech, culture
Speedier advances in cloud and quantum computing. Aligning tech with the human body. Spending more of our time communicating and socializing virtually. The former Anthem CEO breaks down the forces that will change the way we live and work.
Virtual charter school that wanted to offer parents cash pulls application
Colearn Academy, a virtual school based in Arizona, applied earlier this year to open a school in Indiana, offering three learning pathways and the option for parents to purchase their own curriculum and activities with $600 yearly stipends.
Charter school expresses intent to acquire IPS school building if it closes
The IPS Rebuilding Stronger plan—an attempt to address declining enrollment amid charter school growth—would leave multiple school buildings open for charter schools to potentially occupy.
IRS: Growing gap between U.S. income taxes owed and paid
Money from a recent $80 billion infusion for the IRS from the so-called Inflation Reduction Act will be used to help audit high-income earners who do not pay their full tax liability.
BJ’s Wholesale Club planning second Hamilton County store
After opening its first Indiana store late last month in Noblesville, the Massachusetts-based shopping club chain has filed plans to build another store in Hamilton County.
Higher interest rates will lower winter home sales more than usual, experts say
The cold months pretty much always herald a drop in residential real estate sales. It just isn’t a great time to schlep around looking at houses. This season, however, is expected to bring a lower dip than in recent years.
Mark Montieth: Expect an exciting but underperforming Pacers season
The average age of the core players expected to get consistent playing time is the youngest in franchise history. But that group also is the most athletic.
With new funding, Kheprw seeks to develop Black entrepreneurs
An organization focused on empowering Black residents in Indianapolis has received a huge boost as one of the first recipients of funding through the Indianapolis African American Quality of Life initiatives.
State-led coalition vying for federal funds to create a hydrogen hub
The Indiana Economic Development Corp., along with public and private partners, is hoping for a piece of $7 billion in grants to establish northwestern Indiana as one of a handful of hydrogen hubs nationwide.
Michael A. Carroll Award: Melangton’s commitment makes community impact
For nearly 40 years of consensus-building and tireless passion to Indianapolis causes, Allison Melangton is the 29th recipient of the Michael A. Carroll Award.