Agreement could free Robert Indiana’s estate from lawsuit
The settlement agreement brings the legal wrangling over the estate of the artist who grew up in Indianapolis and is known for his iconic “LOVE” series closer to an end.
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Schellinger says departure is ‘no scandal’
Indiana Secretary of Commerce Jim Schellinger took some people by surprise earlier this week when he announced he had resigned, but he says his departure is no reason for wild speculation, even if it seems abrupt.
Four startup veterans create fund to fuel new ventures
Four successful local entrepreneurs and active angel investors have teamed up to create Indianapolis-based Round One Capital, a new fund for emerging startups. Round One partners plan to offer startups more than just money. And they plan to grow the fund over time.
U.S. adds strong 379,000 jobs in hopeful sign for economy
The pickup in hiring lowered the unemployment rate from 6.3% to 6.2%, the Labor Department said Friday in its monthly jobs report. That is down dramatically from the 14.8% jobless rate of April of last year, just after the virus erupted in the United States.
Indiana governor gets virus shot at state’s first mass clinic
Indiana Gov. Eric Holcomb sat wearing a face mask in the front passenger seat of an SUV while getting the shot in his right arm of the single-dose Johnson & Johnson vaccine being given during the drive-through clinic.
NCAA tournament-goers will see changes in ticket sales, differences at venues
One of the biggest changes fans will see this year will be in ticket sales, which are being limited to one game at a time instead of multiple-game sessions.
Overtime basketball league to offer prep prospects six-figure deals
Players will lose their NCAA eligibility but are promised a minimum salary of at least $100,000 per year, full health care insurance coverage, and aree guaranteed up to $100,000 for college tuition should they end their pursuit of a pro basketball career.
U.S. job growth likely rose in February in rebound from slump
Economists have forecast that job growth reached 175,000 last month, according to data provider FactSet. That would mark a sharp improvement over an average of just 29,000 jobs a month from November through January.
Here’s why rising interest rates are unsettling Wall Street
The speed at which the yield on the 10-year Treasury has climbed has forced investors to re-examine how they value stocks, bonds and every other investment. And the immediate verdict has been to sell them at lower prices.
Stock market turns lower as bond yields continue upward march
Stocks and bonds sold off on Thursday after Federal Reserve Chairman Jerome Powell underwhelmed markets by refraining from pushing back more forcefully against the recent spike in Treasury yields.
Senate begins considering Democrats’ $1.9T virus relief bill
Democratic leaders made more than a dozen late changes in their package, reflecting their need to cement unanimous support from all Democratic senators—plus Vice President Kamala Harris’ tie-breaking vote—to succeed in the 50-50 chamber.
Area projects land $11M in second round of state’s Next Level Trails program
The Indiana Department of Natural Resources on Thursday announced nearly $30 million in trail-development grants to 18 statewide recipients, with more than a third of that money going to projects in Marion, Hamilton, Boone, Hendricks and Hancock counties.
Powell says higher inflation temporary, Fed will be ‘patient’
Federal Reserve Chair Jerome Powell suggested Thursday that inflation will pick up in the coming months but the rise would likely prove temporary and not enough for the Fed to alter its record-low interest rate policies.
Greenwood approves agreement for $83M redevelopment project
The redevelopment of the former Greenwood Middle School site would bring hundreds of residential units, plus restaurants, retailers and a public parking garage to the city’s downtown.
Statewide COVID-19 hospitalizations hit lowest level since July 8
The state said more than 633,000 Hoosiers had been fully vaccinated against COVID-19 as of Thursday. More than 1.06 million had received the first dose of a vaccination.
Disney to shut 60 North American stores, 20% of global total
Indiana has two Disney Store locations—one in Indianapolis at Castleton Square Mall and one in Merrillville.
U.S. jobless claims tick up to 745,000 as layoffs remain high
Counting supplemental federal unemployment programs that were established to soften the economic damage from the virus, an estimated 18 million people are collecting some form of jobless aid.
Productivity see largest decline in 40 years, but beats earlier estimates
The revised figure released by the Labor Department on Thursday was slightly smaller than the 4.7% decline estimated a month ago. But it was still the biggest drop since the second quarter of 1981.
Westfield-Washington Public Library chooses downtown spot for new location
The Westfield-Washington Public Library’s board voted last week to build its new 45,000-square-foot library near the city’s growing downtown. The board is working on a 3.4-acre purchase agreement for the future site of the $16.7 million project.
Spectators to be allowed at Big Ten men’s, women’s tournaments in Indy
A limited number of spectators will be allowed to attend the Big Ten Conference’s men’s and women’s basketball tournaments in Indianapolis this month, the conference announced Thursday morning.