One of city’s largest, oldest benefits firms to be acquired
Nyhart has agreed to be acquired by Dresher, Pennsylvania-based Ascensus, the nation’s largest independent provider of retirement and college savings services.
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Fever name longtime WNBA assistant as head coach
Marianne Stanley, 65, is a member of the Women’s Basketball Hall of Fame who won an NCAA title in 1985 and was WNBA coach of the year in 2002.
Neighboring east-side hotels sold for $30.5M to Los Angeles firm
The three hotels at the intersection of Interstates 70 and 465 have nearly 500 rooms between them. The largest, a Marriott that serves as an overflow hotel for big downtown events, is slated for a renovation that could run between $10 million and $20 million.
Scotty’s Brewhouse founder Wise joins CBRE as retail broker
Scott Wise, who founded the once-flourishing Scotty’s Brewhouse restaurant chain, starts Tuesday at CBRE’s Indianapolis office, joining a team of 12 brokers in the office’s retail division.
Feature film ‘Dark Waters’ tells story of Taft lawyer’s 20-year battle against DuPont
With the release of the feature film “Dark Waters” on Tuesday, the law firm Taft Stettinius & Hollister, which has offices in Indianapolis and eight other cities, is about to get the kind of publicity that money can’t buy.
China says trade envoys agree on phone to continue talks
Top Chinese and U.S. trade negotiators agreed to continue to work toward a preliminary agreement for resolving their tariff war, the Chinese Commerce Ministry said Tuesday.
Pelosi urges administration to put trade changes in writing
House Speaker Nancy Pelosi said Monday that Democratic lawmakers are “within range of a substantially improved” trade agreement with Canada and Mexico, but that they need to see progress made in negotiations put into writing by U.S. Trade Representative Robert Lighthizer for “final review.”
Powell: Solid economy with tame inflation allows low rates
Federal Reserve Chairman Jerome Powell on Monday sketched an optimistic view of the economy but signaled that continued low inflation means higher interest rates won’t likely be necessary anytime soon. Powell said that even with unemployment near a 50-year low of 3.6%, there’s still “plenty of room” for wages to rise and for more Americans […]
Holcomb administration accused of waiving fine in Amazon worker’s death while pursuing HQ2
An investigation into Amazon employee injuries by a national not-for-profit journalism organization accuses Indiana Gov. Eric Holcomb’s administration of absolving the online retail giant of any accountability in an Indiana worker’s death at the same time the state was bidding for the company’s coveted second headquarters.
Cummins to cut 2,000 salaried positions in cost-cutting measure
Cummins said the layoffs are part of a wider effort to trim up to $300 million in costs in response to a slowdown in sales demand.
EBay selling StubHub to Viagogo for $4.05 billion
StubHub is the largest resale ticket marketplace in the U.S., with about $1.1 billion in net transaction revenue in 2018, according to EBay filings.
Retail mall foot traffic picks up ahead of Thanksgiving
The index measures mobile-phone location data from five of the largest U.S. shopping center real estate investment trusts, including Indianapolis-based Simon Property Group Inc.
Fishers tech marketing firm Vibenomics raises $5M in seed capital
The funding round included investments from existing investor High Alpha and new investors Elevate Ventures and members of the Ricker family who previously owned the Ricker’s gas station chain.
Louis Vuitton maker to buy Tiffany & Co. for $16.2 billion
The offer comes as luxury goods companies have been wrestling with changing habits of shoppers who are increasingly buying online.
Schwab to acquire Ameritrade, creating wealth management ‘Goliath’ with $5 trillion in assets
The tie-up of the brokerage companies reflects the shift from a commission-heavy revenue stream to one more reliant on interest income and other client services.
IBJ Podcast: How an Indy group will use $11.6 million to help black students achieve
Host Mason King talks with the Center for Leadership Development’s president, Dennis Bland, about how a Lilly Endowment grant will expand the group’s programs to help minority students achieve in school and in life.
Complexity of Indiana school funding complicates teacher pay debate
Top Republicans touted “record investment” in school spending in defending themselves as thousands of teachers turned out for a Statehouse rally this past week calling for a bigger boost in education funding. But it’s not that simple.
BMV proposes new process to changing gender ID on driver’s licenses
Proposed changes to the rules allowing Hoosiers to legally change their gender identification on their driver’s licenses creates a process that is cumbersome and bureaucratic, critics say.
Howey Politics Indiana newsletter postponed after founder injured in fall
Brian Howey, the longtime publisher of newsletters and a web site dedicated to politics in Indiana, is being treated in St. Vincent Hospital’s intensive care unit after surgery for a head injury.
Butler University sees success with student-run insurance company
The company the school launched in 2017 insures a range of campus activities and assets, from its fine art collection and pianos to its living bulldog mascot.