New Gary casino to be named for manager Hard Rock
The new casino is expected to offer up to 2,764 gaming positions and multiple restaurants and entertainment options, including a Hard Rock Cafe and Hard Rock Live concert venue.
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Hogsett to launch mayoral race ad campaign with ode to Hudnut
Indianapolis Mayor Joe Hogsett—vying for re-election this fall against GOP challenger Jim Merritt—plans to launch his television advertising campaign this week with a commercial that sings the praises of a former Republican mayor.
IBJ Podcast: Pete the Planner on the magic of a 15-year mortgage
Peter Dunn talks to guest host Lesley Weidenbener about all things home buying, including mortgages, determining how much house you can afford, why you shouldn’t put down less than 10% and why the idea of starter homes and family homes is silly.
State cuts off virtual school funding, but it’s unclear if it will get money back
In attempt to recover state money that two virtual charter schools received for allegedly non-existent students, Indiana has cut off public dollars to Indiana Virtual School and Indiana Virtual Pathways Academy, according to letters sent Friday by the state education department.
Boeing’s 737 Max might stay grounded until next year
The plane is expected to start flying again in January 2020 “under the latest scenario,” the Wall Street Journal reported, citing unidentified sources within the Federal Aviation Administration and pilot-union leaders.
FTC approves record $5B fine for Facebook
At $5 billion, the fine the U.S. Federal Trade Commission is about to levy on Facebook is by far the largest it’s given to a technology company, easily eclipsing the second largest, $22 million for Google in 2012.
Indiana creates Medicaid work rules for low-income Hoosiers
Indiana has become the latest state to implement work requirements for low-income residents who receive their health insurance through Medicaid— a change that opponents warn will cost some under-resourced Hoosiers their health coverage.
Holcomb makes re-election bid official, says ‘we’re going to do even more’
The governor made his announcement in front of several hundred supporters at the Hoosier Gym in Knightstown.
Indiana seeks federal aid for 88 counties over crop losses
Gov. Eric Holcomb is seeking federal disaster aid for farmers across most of Indiana for crop losses caused by flooding and excessive rainfall during the planting season.
New owners of Tibbs Drive-In predict bright future
The new owners, who recently acquired the 24-acre property, say they’ve already made some improvements to the four-screen outdoor theater, which has been in operation on the west side of Indianapolis since 1967.
VW, Ford team up to make autonomous, electric vehicles
Volkswagen will invest $2.6 billion into a Pittsburgh autonomous vehicle company that's mostly owned by Ford as the automakers deepen their partnership to develop driverless and electric vehicles in an ultra-competitive landscape.
Electric vehicle company puts Indiana factory plans on hold
An electric vehicle startup has halted plans to start production at a northern Indiana factory and hire more than 450 workers.
Boomerang proposes $157M mixed-use development on 240 acres in Noblesville
The massive project, which includes industrial, residential and commercial uses, would take place on largely undeveloped land near the State Road 32/38 split.
Labor Secretary Acosta resigning amid Epstein deal scrutiny
Labor Secretary Alexander Acosta said Friday he is resigning following renewed scrutiny of his handling of a 2008 secret plea deal with wealthy financier Jeffrey Esptein , who is accused of sexually abusing dozens of underage girls.
Duke Energy to build solar power plant near Purdue
Duke said Thursday it will lease about 10 acres from the Purdue Research Foundation for the project it calls the Tippecanoe County Solar Power Plant.
Hillenbrand to acquire Cincinnati-based manufacturer in $2B deal
Indiana-based industrial equipment and casket maker Hillenbrand Inc. has agreed to acquire plastics-processing equipment maker Milacron Holdings Corp., the companies announced Friday morning.
Teachers union sues DeVos over embattled loan relief program
The American Federation of Teachers filed a federal lawsuit, alleging that the Education Department has mismanaged the Public Service Loan Forgiveness program that was created in 2007. Just 1% of more than 86,000 applications had been approved for loan forgiveness as of March 31.
Trump kills key drug price proposal he once embraced
The drug rebate rule would have ended a widespread practice in which drugmakers give rebates to insurance middlemen in government programs such as Medicare. The idea was to channel that money to consumers instead.
Carmel firm pioneering software designed to give drones digital license plates
Many within the unmanned aircraft industry think identification technology such as that made by Carmel-based Pierce Aerospace is the last piece needed for companies like FedEx and Amazon to start using drones to deliver packages to doorsteps.
Merritt calls Hogsett’s food insecurity plan ‘complete waste of money’
Republican mayoral candidate state Sen. Jim Merritt on Thursday criticized Mayor Joe Hogsett’s plan to spend about $580,000 on programs to combat food insecurity in Indianapolis and said it “will likely make the problem worse.”