Starbucks to close hundreds of stores, lay off 900 workers as part of turnaround plan
The company said it also plans to redesign more than 1,000 locations in the next 12 months to give them a warmer, more welcoming feel.
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Trump’s corporate tax break worth $67B hits Biden-era snag
Trump’s recently enacted tax law sweetened a break for corporate research and development investments, a provision especially valuable to technology, pharmaceutical and manufacturing businesses. But some businesses won’t be able to take full advantage of the break.
Aer Lingus to add extra weekly seasonal flight to Indy-to-Ireland route
The nonstop route between Indianapolis International Airport and Dublin Airport is on pace to exceed more than 20,000 total passengers by the end of September.
First Merchants Bank announces merger with Jeffersonville bank
The combined company is expected to continue to do business under the First Merchants Bank brand and would have combined assets of $21 billion.
State explores multiyear rate setting, performance incentives for utilities
Performance-incentive mechanisms and forecasted multiyear rate plans differ in their focus, with the former looks at output—such as capacity or reliability—while the latter looks at input—such as capital, labor or materials.
White House budget office tells agencies to draft mass firing plans ahead of potential shutdown
A reduction in force would not only lay off employees but eliminate their positions, which would trigger yet another massive upheaval in a federal workforce that has already faced major rounds of cuts this year.
Westfield’s 188-year-old ‘Green Building’ to get new home next year
The Westfield Board of Public Works on Wednesday approved a $2.293 million contract with Indianapolis-based Brandt Construction to relocate and restore the building.
Existing-home sales in central Indiana see August jump
Improved mortgage rates and a larger selection of houses on the market led to an increase in home buying in the Indianapolis area last month.
Mark Montieth: Nancy Leonard was Pacers’ assistant GM, Super Mom and unyielding rock
Nobody messed with the franchise’s matriarch, who ran the show, backed the players, hosted the parties, told the coach what to do and anchored Murderer’s Row.
QB Daniel Jones’ fast start in Indianapolis has people wondering if he can keep playing this way
With the Colts, Jones appears to be blossoming into the franchise player the New York Giants expected after drafting him No. 6 overall in 2019 and again when they signed him to a $160 million contract extension in 2023.
State plans to ‘wind down’ the Indiana Economic Development Foundation
The nonprofit, which raises money to support Indiana Economic Development Corp. activities, was singled out by Gov. Mike Braun amid calls for greater transparency regarding taxpayer dollars.
IEDC board OKs public release of forensic audit of agency, affiliated entities
Gov. Mike Braun ordered the audit in April, citing unspecified concerns about transparency at the Indiana Economic Development Corp. and its related entities.
Andretti Global hires Ron Ruzewski as team principal, reuniting him with driver Will Power
Ruzewski was one of three Team Penske executives fired during an Indianapolis 500 scandal.
UPDATE: IEDC board allows Elevate Ventures to continue investment activity
The move came hours after Gov. Mike Braun—whose administration last spring froze funding for the nonprofit—made an unscheduled appearance at Elevate’s Rally innovation conference.
US cuts tariffs on EU-made cars to 15%, cementing trade terms
The U.S. lowered tariffs on auto imports from the European Union to 15% retroactive to Aug. 1, cementing terms of the framework trade agreement the two sides struck almost two months ago.
‘Shark Tank’ star: US falling behind in global race for AI dominance
Kevin O’Leary, a regular on the ABC show “Shark Tank” known as “Mr. Wonderful,” took the stage Wednesday for a fireside chat on Day 1 of the Rally innovation conference.
Nancy Leonard, matriarch of the Indiana Pacers, dies at 93
Nancy Leonard is credited with the idea and the organization of a telethon in 1977 to sell enough season tickets to keep the Pacers afloat when the franchise was on the verge of financial ruin.
Indiana interim courts committee concludes without recommendations
After meeting for just over three cumulative hours this year, the interim courts committee came to a close Tuesday without making any recommendations on its assigned topic: medical debt.
