Elon Musk to join Twitter’s board after becoming largest shareholder
Putting Musk on Twitter’s board and limiting the amount of stock he can acquire while as a director may be a strategic move on Twitter’s part.
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Airlines reduce cancellations, but U.S. flight problems linger
Air travel in the United States improved Monday after a rocky weekend that left thousands of flyers stranded by thunderstorms in Florida, technology problems at the busiest domestic airline and labor problems at another carrier.
Government spending bill contains nearly $10B in home-district projects
The bipartisan spending measure, financing federal agencies this year, contains 4,975 such home-district projects, according to an Associated Press examination of items attributed to specific lawmakers in documents accompanying the bill.
Suddenly, Twitter’s biggest stakeholder is Tesla’s Elon Musk
Twitter co-founder Jack Dorsey stepped down as CEO in November. Musk’s stake in Twitter is now more than four times the size of Dorsey’s, who had been the largest individual shareholder.
Democratic, GOP Senate bargainers reach $10B COVID agreement
The compromise drew quick support from President Joe Biden, who initially pushed for a $22.5 billion package.
Community Health says operating income climbed 74% in 2021
Admissions, patient days, emergency room visits, outpatient surgeries and outpatient visits with physicians all climbed last year for Community Health Network. The only decreases were for inpatient surgeries and virtual appointments.
The Pyramids office complex acquired by local developer
The landmark office complex on the north side of Indianapolis has been acquired by local firm KennMar, which plans to update the property with an upgraded facade and other improvements, the buyer announced Monday.
Area’s second-largest apartment property sells for record $171M
The 1,261-unit complex on nearly 90 acres at Shadeland Avenue and 75th Street was purchased March 31 by Cleveland firm Pepper Pike Capital Partners.
Campaign launched to raise $5M for Dr. Martin Luther King Jr. Park
The city has pledged $1 million in infrastructure work, primarily focused on new sidewalks, lighting, and pedestrian walkways that encourage greater connectivity to the surrounding neighborhood.
INDOT issues request for information for EV charging infrastructure plan
In its request for information released Monday, INDOT is soliciting feedback and recommendations from stakeholders, such as utilities and energy and fuel companies, for the planning, coordination and development of charging networks across the state.
NCAA facing long list of issues as college sports continues transformation
If the nine months leading up to Monday night’s national title game between the universities of Kansas and North Carolina have proven anything, it’s that college basketball and all of college sports are changing.
Small businesses in need of loans find stingier lending landscape
Only about 30% of businesses that applied for financing last year got the full amount that they asked for, down from about half in 2019.
Elon Musk takes 9.2% stake in Twitter; shares skyrocket
Twitter shares exploded 26% in premarket trading after the Securities and Exchange Commission filing showed that Musk snapped up more than 73 million shares, valued at $2.89 billion.
IBJ Podcast: The story behind Andrea Bocelli’s big gig with ISO in Indy
In this week’s episode of the podcast, IBJ arts reporter Dave Lindquist talks with James Johnson, the CEO of the orchestra, about how the Bocelli show came to be and what will make it special for the ISO and the city.
Long COVID accelerating revolution in medical research
The government estimates that between 7.7 and 23 million people may already have long COVID.
Russia war could further escalate auto prices and shortages
The war’s damage to the auto industry has emerged first in Europe. But U.S. production will likely suffer eventually, too, if Russian exports of metals—from palladium for catalytic converters to nickel for electric vehicle batteries—are cut off.
2 workers hurt when building collapses in Johnson County
Some of the workers had to be pulled out of the collapsed structure, said Whiteland Fire Chief Eric Funkhouser.
Thad Matta to return to Butler University to coach men’s basketball
Matta, who took Ohio State University to two Final Fours, coached Butler in the 2000-2001 season and also played at Butler. He replaces LaVall Jordan, whom the school fired on Friday.
Battle heats up over remaining federal rental assistance
The debate is playing out across the country as the Treasury Department begins reallocating some of the $46.5 billion in rental assistance from places slow to spend to others that are running out of funds.
States look for solutions as fentanyl deaths keep rising
Last year, more than 100,000 Americans died of drug overdoses. About two-thirds of the deaths were linked to fentanyl and other synthetic drugs, which can be 50 to 100 times more potent than morphine, heroin or prescription opioids.