Darden buys Ruth’s Chris Steak House for about $715M
Indianapolis is home to two Ruth’s Chris locations—downtown at 45 S. Illinois St. and on the north side at 2727 E. 86th St.
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Late-night TV shows go dark as writers strike for better pay
The first Hollywood strike in 15 years began Tuesday as the economic pressures of the streaming era prompted unionized TV and film writers to picket for better pay outside major studios.
New York state to require gas-free new buildings
“This is where our nation has to go eventually,” New York Gov. Kathy Hochul said after negotiating with fellow Democrats to add the law to the state’s budget.
U.S. job openings dip to 9.6 million, lowest since 2021
The Labor Department’s Job Openings and Labor Turnover Summary, out Tuesday, showed that layoffs rose to 1.8 million, the highest level since December 2020.
Hollywood writers, slamming ‘gig economy,’ to go on strike
Streaming has exploded the number of series and films that are annually made, meaning more jobs for writers. But WGA members say they’re making much less money and working under more strained conditions.
Pilots at American, Southwest ratchet up strike threats
American, Southwest and United Airlines are under pressure to match or beat terms that rival Delta Air Lines accepted with its pilots.
Lawmakers call on SEC to assess Shein supply chain before IPO
A bipartisan group of two dozen lawmakers is asking the SEC to put the brakes on an initial public offering by Chinese fast-fashion retailer Shein—which has major operations near Indianapolis—until it verifies it does not use forced labor.
FDIC recommends raising insured deposit limit for businesses
U.S. businesses might be able to secure bank deposit insurance for accounts holding more than $250,000 if Congress agrees with the Federal Deposit Insurance Corp.’s new proposal.
Holcomb signs birth-control, voter-ID legislation
Gov. Eric Holcomb signed 68 bills on Monday, including a GOP-backed proposal requiring voters to submit more identification information to obtain mail-in ballots.
U.S. Supreme Court declines to take up Indiana’s abortion burial law
An Indiana law that requires abortion clinics to either bury or cremate fetal remains will remain in effect after the U.S. Supreme Court has declined to consider a lawsuit challenging it.
Fed set to raise rates yet again. What comes next is unclear.
Another quarter-point rate increase on Wednesday would leave the Fed’s key rate at 5.1%—a 16-year high and a full 5 percentage points higher than in March 2022.
Aerosmith’s farewell tour includes stop in Indianapolis
The 40-date run of shows includes a stop at Gainbridge Fieldhouse in October with special guests The Black Crowes.
First Republic Bank seized, sold to JPMorgan Chase
Regulators seized troubled First Republic Bank early Monday and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the U.S.
Shortages of prescription drugs growing in United States
There were 301 active national drug shortages through this year’s first quarter, according to the University of Utah Drug Information Service. That’s 49% higher than the 202 recorded in the first three months of 2018.
What GOP’s plan for Medicaid work requirements would mean
More than a half million of the poorest Americans could be left without health insurance under legislation passed by House Republicans that would require people to work in exchange for health care coverage through Medicaid.
Inflation pressures remain persistent as consumers pull back
Key measures of prices and wages remained high in March, keeping the Federal Reserve on track to raise interest rates next week for the 10th time since March of last year in its drive to defeat high inflation.
Judge rules against Google, allows antitrust case to proceed
The lawsuit alleges that Google holds a virtual monopoly in online advertising that works to the detriment of consumers.
School funding worries lead to late Indiana budget boost
Republican legislative leaders agreed Thursday to give about $300 million in additional funding toward Indiana schools in the new state budget.
Pence testifies before election probe grand jury, source says
Former Vice President Mike Pence’s appearance before a grand jury in Washington, D.C., scrutinizing the president he once loyally served is a milestone in the Justice Department’s investigation.
Colts select QB Anthony Richardson at No. 4 in NFL draft
Everyone expected the Colts to pick a quarterback after so many revolving-door seasons, including last year’s dismal 4-12-1 mark with three different starters. This will be Indy’s seventh straight season with a different opening-day starter.