CEO pay at public companies unexpectedly fell in 2023
Trends in CEO compensation generally mirror those of the stock market, in part because pay packages for chief executives have largely been tethered to stock performance for five decades.
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Indianapolis-based SBC Wealth Management merged into NYC firm
SBC, founded in 1983, is now part of New York City-based Cerity Partners, which has dozens of offices around the U.S. and about $104 billion in assets under management.
Amazon, Google make nuclear investments to power data centers with clean energy
Both tech giants are seeking new sources of carbon-free electricity to meet surging demand from data centers and artificial intelligence.
Noblesville City Council OKs $250M development near Morse Reservoir with 650 homes
Indianapolis-based developer LOR Corp. plans to build the 175-acre Morse Village on the north side of Noblesville at the intersection of East 206th Street and Hague Road.
Consumer group calls for moratorium on new electricity-guzzling data centers in Indiana
Citizens Action Coalition of Indiana said the huge new data centers planned in the state could lead to skyrocketing utility bills while providing few jobs relative to their energy consumption and the incentives they receive.
Indiana Chief Justice Rush says state must improve in regard to mental health
Indiana Supreme Court Chief Justice Loretta Rush said Indiana’s judges have made progress but still have work to do when it comes to handling mental health crises and drug addiction.
NFL owners approve Jacksonville’s $1.4 billion ‘stadium of the future’
The proposed 63,000-seat, open-air stadium will feature a translucent covering that’s expected to lower outside temperatures by 15 degrees.
Small business disaster loan program out of money until Congress OKs more
The Small Business Administration warned earlier this month that it could run out of funding, given the anticipated surge in claims from Hurricane Helene.
Braun continues to double McCormick’s fundraising in governor race
Sen. Mike Braun received $3.2 million in contributions in the latest quarter, while opponent Jennifer McCormick raised $1.4 million.
Two former IU men’s basketball players sue university, alleging sexual abuse by former team doctor
The putative lawsuit is seeking class-action status and unspecified money damages on behalf of all players who experienced abuse during their time at Indiana University.
Carmel-based investment firm closes on $250M fund
CID Capital recently closed on its fourth investment fund, which brought in $250 million—significantly more than the $200 million the firm had been targeting.
Retail trade group expects to see slower rise in holiday sales
The National Retail Federation said its 2024 forecast indicates that shoppers will make $979.5 billion to $989 billion worth of purchases in November and December.
Aspire Indiana Health lands $1M gift from Lilly Endowment for recovery residence program
Progress House, about a mile east of downtown, serves about 300 people a year for substance use disorder.
Real Estate Weekly: Oct. 15, 2024
The following items were in the Oct. 15, 2024, edition of IBJ’s Real Estate Weekly e-newsletter.
Former state Sen. Dennis Neary dies at 80
Dennis Patrick Neary, who served four terms in the Indiana Senate before becoming the longtime director of legislative affairs for the Indiana Health Care Association, died Monday at his home in Carmel, according to his family.
Walgreens to close 1,200 stores as chain attempts to steady operations
Walgreens said Tuesday that its net loss swelled to more than $3 billion in the final quarter of the year, dragged down by U.S. retail and pharmacy sales.
With long slate of local projects, construction firm Skender moves offices to fit growing workforce
Skender’s focus on health care, office and municipal projects has reaped millions of square feet of work for the firm in central Indiana since opening its first local office in 2020.
Indiana Wesleyan University plans $30M basketball arena
Construction on the 80,000-square-foot arena is scheduled to begin Friday, with hopes of having the facility ready for games by the end of 2026.
Hailie Deegan moving from NASCAR to IndyCar
The 23-year-old has spent the last four years in NASCAR competing in both the Truck Series and the Xfinity Series. She’s never won at NASCAR’s national level.
