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Indiana’s neighbor becomes first to tap Federal Reserve for lifeline loan

June 3, 2020 | Bloomberg News

Illinois is planning to borrow $1.2 billion from the central bank for one-year to cope with revenue losses brought on by the economic shutdowns caused by the pandemic and the delay of its annual tax-filing deadline.

Fishers begins construction of Nickel Plate Trail

June 3, 2020 | Kurt Christian

The entire project, which is expected to cost up to $9 million, will unfold over the next two decades, but a section in downtown Fishers will open next year.

Discount retailer with 8 central Indiana stores files for bankruptcy, seeks buyer

May 11, 2020 | Mason King

Store closures due to the coronavirus crisis undermined the department store chain’s parent company and its ability to get financing to continue operations.

These drugs could treat COVID-19, but silver bullet might not be found

April 16, 2020 | The Washington Post

The roster of potential therapies includes new antivirals, older antivirals, anti-inflammatory drugs, stem cell therapies, antiparasitic drugs, and even treatments for erectile dysfunction.

Fear of impending car-price collapse grips auto industry

April 13, 2020 | Bloomberg News

The auto industry—already fretting lengthy factory shutdowns and depressed new-vehicle demand—is starting to sound the alarm about a potential used-car price collapse that could have far-reaching consequences.

Little League delays opening of regional HQ in Whitestown by one year

March 26, 2020 | Kurt Christian

Little League International has postponed this year’s planned opening of its Central Region headquarters, citing construction delays, not the coronavirus pandemic.

Holcomb signs coal, panhandling and teacher evaluation bills into law

March 21, 2020 | IBJ Staff

The governor also signed legislation that will eventually put more money into the state’s unemployment trust fund, a move that comes as the coronavirus outbreak has led to a jump in unemployment claims.

GREG MORRIS: Why public notices are now in IBJ

March 13, 2020 | Greg Morris

Citizens must have access to information concerning government activities and civil proceedings. Legal notices published in newspapers provide this opportunity.

Biden nabs Buttigieg, Klobuchar backing on Super Tuesday eve

March 2, 2020 | Associated Press

Rivals no more, Amy Klobuchar and Pete Buttigieg united behind Joe Biden’s presidential bid on Monday as the Democratic Party’s moderate wing scrambled to boost the former vice president.

UPDATE: Pier 1 files for bankruptcy protection, to close 7 Indiana stores

February 18, 2020 | Associated Press

The retailer, led by the former CEO of HHGregg, has been struggling with increased competition. It plans to close seven stores in Indiana.

MIKE LOPRESTI: Drew family puts additional stamp on college basketball, this time in Texas

February 13, 2020

Baylor’s rise to the top of the polls was guided by Hoosier Scott Drew, whose dad, Homer; brother, Bryce; and sister, Dana, have left their own mark on the game.

U.S. House passes bill easing bids by workers to form unions

February 6, 2020 | Associated Press

Democrats said the bill would help reverse a decades-long trend of declining union membership. Republicans dismissed the bill as a “political gift to union bosses” that would diminish the rights of workers and employers alike while harming the economy.

CIB approves $62 million in contracts for Fieldhouse overhaul

January 17, 2020 | Mickey Shuey

The board approved eight bids—mostly to local firms—for the first and second phases of the $360 million project.

Tennessee company seeks to buy 20-acre Celadon site

January 10, 2020 | Susan Orr

If other bidders emerge for the property, an auction will be held Jan. 22 at the New York City office of Celadon’s bankruptcy counsel, DLA Piper LLP.

IU testing license plate cameras for parking in Bloomington

December 30, 2019 | Associated Press

Parking officials will consider issue such as how to track whether more than one vehicle registered to a permit are on campus at the same time and how to account for multiple people sharing a permit.

2019 YEAR IN REVIEW: Celadon abruptly shuts down, wiping out nearly 4,000 jobs

December 27, 2019 | Susan Orr and Greg Andrews

The December announcement brought to a bitter close one of central Indiana’s great entrepreneurial success stories. Stephen Russell, the son of a New York City taxi driver, launched the business with a single truck in 1985 and grow it into the largest provider of international truckload services in North America, with more than 150,000 annual border crossings between the United States, Canada and Mexico.

2019 YEAR IN REVIEW: ClearObject, Doxly, Synovia among year’s big tech acquisitions

December 27, 2019 | Anthony Schoettle

In one of the year’s highest-profile tech deals, two out-of-state private equity firms took a majority stake in Fishers-based tech company ClearObject, which for years has ranked among the fastest-growing firms in the Indianapolis area.

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