Biden signs major climate, health care legislation
The measure is expected to be paid for by new taxes on large companies and stepped-up IRS enforcement of wealthy individuals and entities, with additional funds going to reduce the federal deficit.
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Former staffers push Mitch Daniels to seek governor’s office
Staffers who worked under former governor Mitch Daniels filed with the Indiana Secretary of State’s office last week to create a political action committee urging Daniels to run for governor in 2024.
Former ITT Tech students get $3.9B in debt cancellation
Students who used federal loans to attend Carmel-based ITT Technical Institute as far back as 2005 will automatically get that debt canceled after authorities found “widespread and pervasive misrepresentations” at the defunct for-profit college chain.
Companies facing first tax on stock buybacks in Biden bill
Under the bill, companies will face a new 1% excise tax on purchases of their own shares, effectively paying a penalty for a maneuver that they have long used to return cash to investors and bolster their stock price.
FDA moves to make over-the-counter hearing aids available to millions
The new regulations will create a new category of hearing aids that will supersede state-level regulations requiring patients to visit physicians or audiologists to get prescriptions and fittings.
Closing, consolidating IPS schools could depend on condition, usage scores
The fate of more than 60 district schools may be determined in the coming weeks, as IPS grapples with declining enrollment in its traditional neighborhood schools.
Chipmakers’ pandemic boom expected to slow as recession looms
Even in an industry famous for its roller-coaster cycles, chipmakers are bracing for a particularly severe shift in coming months, when a record-setting sales surge is threatening to give way to the worst decline in a decade or more.
U.S. factory output increases for first time in three months
Tuesday’s industrial production report showed output of motor vehicles rose 6.6%, the most in four months. An easing of bottlenecks on semiconductor supplies is affording automakers more room to increase output.
Car-charging investment soars, driven by EV growth, government funds
More than $4.8 billion has been pumped into the electric-vehicle charging industry this year—a combination of roll-out announcements, debt financing, investment and acquisitions. And this is just the deals that have disclosed financial figures.
Firm plans 257 apartments, townhomes north of Indy airport
The site is just a few minutes from key employers in the airport corridor, including AAR Aircraft Services, Express Scripts, FedEx and Rolls-Royce.
American Airlines places deposit on 20 supersonic planes
American becomes the second U.S. customer for Boom after a similar announcement last year from United Airlines for 15 of the proposed planes, called the Overture.
Lennar Homes planning 53 townhouses at Fishers Marketplace
The three-story townhouses at Marketplace Towns would range from 1,700 to 2,200 square feet with an average cost of $400,000.
Egg prices falling fast in relief for U.S. consumers
Farms are repopulating birds that they had to kill during this year’s highly pathogenic avian influenza outbreak. The outbreak killed more than 30 million commercial and wild birds.
Nexstar Media Group to buy CW Network from Warner Bros., Paramount
The purchase underscores Nexstar’s commitment to traditional broadcasting at a time when TV is losing viewers to online services and other entertainment options. Nexstar, the nation’s largest local TV station owner, has two properties in Indianapolis.
Delayed raises and renovations: Small businesses face new uncertainties
The percentage of small-business owners citing an increasingly uncertain economic outlook rose sharply in July, while overall optimism remains near historic lows, according to data released last week by the National Federation of Independent Business.
Starbucks asks labor board to halt union votes temporarily
Starbucks on Monday asked the National Labor Relations Board to halt all union elections at its U.S. stores, citing allegations from a board employee that regional NLRB officials improperly coordinated with union organizers.
Curtis Hill, 4 other Republicans seek Walorski’s old Congressional seat
The GOP must nominate someone for the remainder of Walorski’s term, which ends Jan. 3, as well as someone for the next two-year term, which starts the same day.
State launches drive for breast-milk donors amid baby formula shortage
The milk drive, dubbed “Every Ounce Counts.” launched July 26 at Franciscan Heath Lafayette. The one-day event resulted in the collection of 4,100 ounces of human milk. More events are scheduled around the state in the coming months.
Study plots potential impact of Fresh Market planned by Cook Medical plant
The Indy Fresh Market, located at 38th Street and Sheridan Avenue, is expected to bring food, jobs and millions of dollars in investment to the Arlington Woods neighborhood, which is classified as a food desert.
‘Free’ job training can cost fortune for employees who quit
The debate over clawback contracts is taking place as part of a wider struggle between workers and employers in the U.S. economy.