SEC seeks to oust Tesla CEO Musk over go-private tweet
Peter Henning, a law professor and a former SEC lawyer, said it's the first fraud case involving use of social media by the CEO of a public company.
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Giant Eagle to acquire 56-store Ricker’s chain
Ricker’s Chairman Jay Ricker told IBJ on Thursday morning that a purchase agreement for his 39-year-old company is in place and the deal is expected to close by the end of the month.
House advances federal aviation bill that calls for minimum seat sizes
Lawmakers abandoned a plan backed by airlines to privatize the nation's air-traffic-control system.
$20M in state incentives targeted to help airport lure international flights
An ongoing effort to attract nonstop flights between Indianapolis and places like Asia, Mexico and Europe is in line for a big boost.
Indiana Uber drivers to receive $100 each from settlement
The settlement, spanning all 50 states and the District of Columbia, is the biggest data-breach payout in history, and marks the most sweeping rebuke by regulators against Uber, which earned a reputation for skirting rules in its push to dominate the ride-hailing market.
Indiana Supreme Court favors railroads in ruling over train crossings
Norfolk Southern Railway Co. challenged the statute after receiving 23 citations in Allen County from December 2014 to December 2015.
Airport awards key contract for planned concessions overhaul
Airport officials awarded a contract to an engineering company that will prepare retail spaces for new tenants as existing operators depart. Forty of the 53 retail concessionaires at the airport will see their leases expire Dec. 31.
Governor’s plan to hike toll-road fees receives final approval
The amendment to the state’s agreement with the private operator of the Indiana Toll Road requires the company to pay the state $1 billion and invest an additional $50 million in toll road improvements.
Auto parts business to close local distribution center, terminate 83 workers
Federal-Mogul Motorparts LLC plans to close a distribution center on the northwest side of Indianapolis over the next six months.
Delta joins United, JetBlue in raising checked-bag fees
Thirteen U.S. carriers collected $4.6 billion in bag fees alone last year, according to U.S. Transportation Department statistics.
Indiana-based Thor Industries bets $2.5B on RV growth in Europe, China
The deal would make Airstream parent Thor Industries the largest RV maker in the world.
Indiana governor’s proposed toll road hike criticized for secrecy
A proposed fee increase on heavy-duty commercial vehicles that use the Indiana Toll Road was negotiated without legislative involvement and with considerable secrecy, according to some Indiana lawmakers.
IndyGo receives first of 13 electric buses to serve Red Line
IndyGo has already begun employee training and performance testing for the vehicles. One key question is whether the vehicles will achieve the expected range of 275 miles per charge.
Opponent fires another volley in fight over Nickel Plate corridor
A not-for-profit group is taking legal action against Fishers, Noblesville and Hamilton County, saying officials violated public-access laws when making decisions regarding the future of the Nickel Plate Railroad corridor.
GM recalls more than 1M pickups, SUVs for power steering problem
GM said the power steering can fail momentarily during a voltage drop and suddenly return, mainly during low-speed turns. Such a failure increases the risk of a crash.
Walmart expects to double its truck-driver recruitment spending
Amid heavy demand for truckers, Walmart wants to reduce its driver hiring process from 70 days to 30, and pilot programs to do that are under way in Indianapolis and the company’s hometown of Bentonville, Arkansas.
Tesla stock falls after CEO appears to smoke joint during interview
In an overnight interview on the “The Joe Rogan Experience,” which appears on YouTube, Tesla CEO Elon Musk inhales from what the host says is a combined marijuana-tobacco joint and takes a sip of whiskey.
Airport chief hopeful rising fuel costs won’t slow momentum
Indianapolis International Airport has been on a roll in recent years, seeing strong increases in passenger traffic and direct flights. But now jet-fuel prices are on the way up, threatening to slow the airport’s progress.
Republic attracts 600 applications for first aviation training school class
The first group of future pilots at the Leadership in Flight Training, or LIFT, Academy will begin training Tuesday at the school at Indianapolis International Airport.
Regional business airline OneJet suspends flight schedule
OneJet, a struggling regional business airline that got its start in 2015 by offering weekday nonstop flights from Indianapolis to Milwaukee, has suspended operations until at least October after a series of setbacks.