City reaches $200K settlement over Towne & Terrace housing complex
Indianapolis officials said the agreement announced Thursday is expected to give the city more control of the crime-plagued housing complex.
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Indy Jazz Fest headliner first came to town as Katrina evacuee
Pike High School alum Tarriona Ball will lead Tank and the Bangas during an Indy Jazz Fest performance in Garfield Park.
Indianapolis-area insurance broker charged in $4M Ponzi scheme
Former insurance broker Brian Simms of Lebanon was arrested Wednesday after being charged with six counts of wire fraud by a federal grand jury.
EV charging patterns could put strain on power grid, study says
Power companies are offering price breaks to customers who charge their electric vehicles at night, but that’s not an ideal time for a power grid that is switching increasingly to renewables and other clean energy sources.
McLaren hires Barnhart, considering Kyle Busch for Indy 500
The head of McLaren Racing held a town hall Thursday at the team’s IndyCar shop to introduce new hire Brian Barnhart and quell any concerns over this week’s sudden departure of the team president.
Average U.S. long-term mortgage rates hit 15-year high
Average long-term U.S. mortgage rates jumped by more than a quarter-point this week to their highest level since 2007 as the Federal Reserve intensified its effort to tamp down decades-high inflation and cool the economy.
Walmart, Target begin holidays early to ease inflation sting
The holiday sales strategies, announced on Thursday, come amid what is expected to be slower holiday sales growth compared with a year ago.
Outdoor retailer Sierra planning to open first Indiana store in Carmel
The chain is owned by TJX Companies Inc. and has 66 stores in 25 states, including five in Illinois, five in Michigan, two in Ohio and one in Kentucky.
Huber to leave Indy Chamber, join IU as vice president
Indiana University said Michael Huber—who previous served as former Mayor Greg Ballard’s deputy mayor for economic development—will lead government relations efforts at the state and federal level as well as economic engagement.
Total Wine & More plans store in Westfield—its fourth in Indiana since legal victory
The Bethesda, Maryland-based liquor superstore chain will open the 34,000-square-foot store—its largest in Indiana—on Sept. 28 at Cool Creek Commons at 2520 E. 146th St. in Westfield.
UPDATED: Judge puts Indiana abortion ban on hold; AG pledges to appeal
The ban was approved by the state’s Republican-dominated Legislature on Aug. 5 and signed by GOP Gov. Eric Holcomb. The ruling comes one week after it took effect.
Patachou to add Zionsville location at former Lemon Bar site
Breakfast-and-lunch spot Patachou on Pine Street will occupy 1,600 square feet in a former garage next to Lions Park.
Thieves key on hack that leaves Hyundai, Kia cars vulnerable
An insurance industry group said some Hyundai and Kia cars and SUVs are stolen at nearly twice the rate of the rest of the auto industry because their keys lack computer chips for theft “immobilizer” systems.
Powell’s stark message: Inflation fight could cause recession
The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession.
Man convicted of shooting 2 Indiana judges in downtown dispute
A jury convicted Brandon Kaiser of aggravated battery, multiple battery-related charges and carrying a handgun without a license. He is scheduled to be sentenced Oct. 21.
White House: More than 850K Hoosiers eligible for student loan debt forgiveness
Most of those Indiana recipients could have up to $20,000 forgiven because they received Pell Grants, which are provided to students whose families can’t help them pay for college.
Indiana utility seeking 16.5% electric rate increase
Merrillville, Indiana-based Northern Indiana Public Service Co. asked the Indiana Utility Regulatory Commission this week to approve the rate increase over two years for its 470,000 customers across 32 northern Indiana counties.
Senate ratifies international climate deal on refrigerants
The agreement compels the United States and other countries to limit use of hydrofluorocarbons, highly potent greenhouse gases commonly used in refrigeration and air conditioning that are far more powerful than carbon dioxide.
Have you been taking pills wrong? Here’s what science says.
Researchers at Johns Hopkins University have found whether you’re standing upright or leaning, as well as which side you’re leaning to, could affect how fast the contents of a pill are absorbed into your body.
Fed attacks inflation with another big hike and expects more
The Federal Reserve boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3% to 3.25%, the highest level since early 2008.