Turner Woodard sells majority stake in historic Stutz property
The new majority owner says it plans to retain the Stutz property’s historic character but isn’t yet revealing details about its plans for the 110-year-old downtown complex.
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Biden opens sign-up window for uninsured in time of COVID-19
The most concrete short-term impact of Biden’s orders will come from reopening HealthCare.gov insurance markets as coverage has shrunk in the economic turmoil of the coronavirus pandemic.
School funding bill prompts questions about virtual learning
Proposals aimed at ensuring Indiana’s public schools receive full funding for all students during the coronavirus pandemic have prompted criticism from virtual learning supporters and one of the state’s top senators.
Butler to freeze tuition for first time in decades
The Indianapolis university said this will be the first time it has not raised tuition rates since 1983.
Veteran business, political journalist Weaver joins IBJ as managing editor
Greg Weaver’s responsibilities in the IBJ newsroom’s No. 2 leadership position will include coordinating its daily news coverage and e-newsletters, handling social media accounts and editing stories for the weekly print edition.
As Airlines close books on rotten 2020, new year gets off to slow start
On Thursday, Southwest, American and JetBlue reported that they lost a combined $3.5 billion in the final three months of the year. All issued dismal revenue outlooks for the current quarter.
Indiana reports 2,890 new COVID-19 cases, uptick in hospitalizations
The state has reported 288 new deaths over the past seven days, an average of 41.1 per day. That’s down from 389, or 55.6 per day, the previous week.
Drone mailbox developer planning to hire 85 for new Indianapolis office
DroneDek, an Indianapolis-based startup, said it has raised more than $1.25 million to support its upcoming product launch.
Senate committee advances bill to give Indy Eleven more time on stadium project
Senate Bill 385, authored by Republican Sen. Jack Sandlin of Indianapolis, would add two years to a 2019 bill that had called for a new special tax district—known as a professional sports development area—to be established in Marion County by mid-2022.
Lebanon considering creating $13.7M in trails, green space for business park
City officials want to lay the groundwork for a long-term plan creating outdoor amenities for users of Lebanon Business Park and the public at large, including more than 10 miles of trails.
U.S. unemployment claims drop to still-high 847,000
Overall, nearly 4.8 million Americans received traditional state unemployment benefits the week of Jan. 16. That is down from nearly 5 million the week before.
U.S. economy shrank 3.5% in 2020 after growing 4% in final quarter
Thursday’s report from the Commerce Department estimated that the nation’s gross domestic product—its total output of goods and services—slowed sharply in the October-December quarter after a record 33.4% surge in the July-September quarter.
Sugar Factory to open at Circle Centre in former Palomino space
A New York City-based restaurant and candy store chain known for its extravagant desserts, colorful decor and celebrity following is planning to open a location in downtown Indianapolis later this year.
AI-driven software startup plans 51 new jobs as part of expansion
Catipult.AI, which is now located at 55 Monument Circle, said it will invest $2.6 million to expand its operations, including a move to a larger but yet-to-be determined space.
Indiana parent sues education board over virtual funding in the pandemic
The mother, who has two children who attend virtual schools in Indiana, argued that a rule to fully fund students who attend remotely because of the pandemic violates several laws and is unfair to children who were already enrolled in virtual schools.
Apple to crack down on tracking iPhone users in early spring
Apple has been holding off to give Facebook and other app makers more time to adjust to a feature that will require iPhone users to give their explicit consent to being tracked.
Fed stresses its commitment to low rates as economy stumbles
Speaking at a news conference, Federal Reserve Chairman Jerome Powell made clear his belief that the economy will struggle in the coming weeks and months, until widespread vaccinations and government rescue aid eventually fuel a sustained rebound.
Biden signs orders aimed at eliminating nation’s reliance on fossil fuels
President Joe Biden has set a goal of eliminating pollution from fossil fuels in the power sector by 2035 and from the U.S. economy overall by 2050, speeding growth of solar and wind energy and lessening the country’s dependence on oil and gas.
Stocks have their worst day since October as Big Tech sinks
The sharp selling is a shift from the market’s recent record-setting run and comes as investors focus on the outlook for the economy and corporate profits amid a still-raging coronavirus pandemic.
Meijer, Walmart, Kroger begin offering COVID-19 vaccines by appointment
Gov. Eric Holcomb said Wednesday that the federal government, which controls the vaccine supply, is expected to increase Indiana’s weekly allotment by 16%, or about 13,000 extra doses, within three weeks, allowing the state to expand the program to big pharmacies.