Laikin’s second SPAC IPO has strong trading debut
Novus Capital Corp. II raised $250 million, capital it plans to plow into the purchase of a company or companies in the “smart technology innovations” market.
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Indiana lawmakers propose using cigarette tax for Medicaid
A House committee made significant changes Thursday to the way Indiana would spend proceeds from a proposal to hike the state’s cigarette tax for the first time in more than a decade and impose a new state tax on vaping liquids.
Solid company earnings send stock indexes higher
The S&P 500 rose 1.1%, to a record high. A measure of small-company stocks rose twice as much, a bullish signal that investors are feeling more optimistic about the economy.
Latest bill would bar NCAA limits on athlete image rights
U.S. Sen. Chris Murphy (D-New York) introduced a bill Thursday that would guarantee college athletes the right to earn money from endorsements and sponsorship deals while barring the NCAA, schools and conferences from imposing restrictions.
Old Town pitches expanded Union Square, new townhouse project in Westfield’s downtown
Carmel-based Old Town Cos. is planning $80 million of residential and commercial development in Westfield’s downtown surrounding the city’s forthcoming Grand Junction Plaza. Updated plans include doubling Union Square and adding new townhouses.
Pandemic claims Broad Ripple Art Fair for second straight year
The Broad Ripple Art Fair is a major annual fundraiser for the Indianapolis Art Center, which estimated it lost $350,000, about 10% of its annual income, from the cancellation of 2020 event.
Indiana’s COVID-19 death toll rises past 11,000
The Indiana State Department of Health on Thursday added 1,507 historical deaths to the cumulative COVID-19 death total, increasing it to 11,231. The department said those deaths were identified through an audit of 2020 and 2021 death records and test results.
Cummins saw stiff drop in sales, profit in 2020, but exceeded market expectations
The Indiana-based manufacturer said sales in North America declined 21% last year, but its sales in China reached record levels, up 25% from the previous year.
State lawmakers consider new emergency session rules
The House Rules and Legislative Procedures Committee on Thursday amended a bill to create what would be called an “emergency session,” which would allow lawmakers to convene at any time during a statewide emergency.
Big Ten moving men’s basketball tournament to Indianapolis, sources say
The tournament will be played March 10-14 at Lucas Oil Stadium, sources say, because the women’s basketball tournament is already planned for Bankers Life Fieldhouse on overlapping dates.
Carmel distiller turns hand sanitizer pivot into a community fundraising platform
Eric Stam, co-founder and CEO of the Carmel-based Crossroads Distillery, started diversifying his alcohol production facility’s operations in April to launch a cleaning solution fundraising business earlier this week.
Indiana to receive $12.6M as part of $573M opioid crisis settlement
The global business consulting firm McKinsey & Company has agreed to a $573 million settlement with 49 states over its role in advising companies on how to “supercharge” opioid sales amid an overdose crisis.
Purdue researchers develop technology that could replace Morse code
The Purdue team has created technology aimed at replacing the dots and dashes with colored digital characters to modernize optical storage. And that advancement might hit closer to home than you think.
Online clothier to create up to 980 jobs in Plainfield
Stitch Fix Inc., a fast-growing and publicly traded firm that uses artificial intelligence to help online shoppers assemble personalized wardrobes, plans to hire as many as 980 workers for new warehousing operations in the Plainfield area.
Keeping it simple helps some states race ahead with COVID vaccine rollouts
The nation’s states are all pushing to deliver a potentially lifesaving defense against the novel coronavirus to millions of arms. But some states are having far more success than others.
At a few Indianapolis schools, pandemic caused huge drops in graduation rates
At three Indianapolis high schools, leaders say that the challenges of the pandemic contributed to double-digit drops in graduation rates, as students struggled to complete school remotely or left school to get jobs.
Study finds COVID-19 vaccine might reduce virus transmission
The research could also bring scientists closer to an answer to one of the big questions about the vaccination drive: Will the vaccines actually curb the spread of the coronavirus?
Businesses face hard decisions on whether, when to hire
Owners are hesitant to make hiring commitments because it’s unclear not only when the pandemic will end, but whether they’ll have enough revenue to justify bringing employees on.
Indiana holding firm to vaccination by age group, not occupation
Pressure has been mounting to offer vaccines to teachers and other essential workers, but the state has been offering vaccines to people by age group, in descending order, with the goal of vaccinating the most elderly and vulnerable first.
Former VP Pence opens transition office in northern Virginia
Mike Pence announced Wednesday that the Office of the Former Vice President will handle correspondence, scheduling requests, public statements and official activities for him and his wife, Karen.