Adrian Orchards on market, as owners look to retire
The south-side institution debuted in 1925 and has remained in the same family for three generations. But its owners don’t have any obvious successors.
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U.S. retail sales jump in June in sign of consumer health
Measures of consumer confidence remain historically high and June’s retail sales figures suggest that consumer spending, which drives two-thirds of the economy, remains strong.
Pacers-CIB deal gets final approvals from City-County Council
The move pushes forward the Capital Improvement Board’s deal with the Pacers, which calls for more than $360 million in renovations to Bankers Life Fieldhouse.
Council approves creation of new south-side TIF distrct
The city plans to spend $3 million on infrastructure, lighting and beautification projects in the area, using funds generated within the TIF district.
Council easily passes mayor’s $580K strategy to fight food insecurity
The Indianapolis City-County Council on Monday voted 20-4 to approve Mayor Joe Hogsett’s plan to “test strategies” to combat food insecurity in Indianapolis.
Tire maker plans 350,000-square-foot distribution center in Whitestown
Maxxis International has several original-equipment supply contracts with Midwest auto assemblers, including Subaru of Indiana.
Trump signs order to make American-made goods more American
The order strengthens the standards that federal agencies must follow under the Buy American Act, which creates a preference for American-made goods.
Facebook says Libra won’t launch until regulators satisfied
Facebook has said it’s eyeing next year for the launch of Libra, which has drawn the ire of skeptical lawmakers, Federal Reserve Chairman Jerome Powell and President Donald Trump.
J&J accused of dodging liability for ‘cunning’ opioid drug push
The trial in Oklahoma City is the first of more than 1,900 local U.S. government lawsuits against drug makers and distributors over the fallout from opioid abuse.
Square Donuts shops in Indianapolis area shut down
More than half of the Square Donuts shops in Indiana—including two locations in Indianapolis and one in Carmel—have closed because of contract issues, the owner of the parent company confirmed Monday.
New Gary casino to be named for manager Hard Rock
The new casino is expected to offer up to 2,764 gaming positions and multiple restaurants and entertainment options, including a Hard Rock Cafe and Hard Rock Live concert venue.
Hogsett to launch mayoral race ad campaign with ode to Hudnut
Indianapolis Mayor Joe Hogsett—vying for re-election this fall against GOP challenger Jim Merritt—plans to launch his television advertising campaign this week with a commercial that sings the praises of a former Republican mayor.
IBJ Podcast: Pete the Planner on the magic of a 15-year mortgage
Peter Dunn talks to guest host Lesley Weidenbener about all things home buying, including mortgages, determining how much house you can afford, why you shouldn’t put down less than 10% and why the idea of starter homes and family homes is silly.
State cuts off virtual school funding, but it’s unclear if it will get money back
In attempt to recover state money that two virtual charter schools received for allegedly non-existent students, Indiana has cut off public dollars to Indiana Virtual School and Indiana Virtual Pathways Academy, according to letters sent Friday by the state education department.
Boeing’s 737 Max might stay grounded until next year
The plane is expected to start flying again in January 2020 “under the latest scenario,” the Wall Street Journal reported, citing unidentified sources within the Federal Aviation Administration and pilot-union leaders.
FTC approves record $5B fine for Facebook
At $5 billion, the fine the U.S. Federal Trade Commission is about to levy on Facebook is by far the largest it’s given to a technology company, easily eclipsing the second largest, $22 million for Google in 2012.
Indiana creates Medicaid work rules for low-income Hoosiers
Indiana has become the latest state to implement work requirements for low-income residents who receive their health insurance through Medicaid— a change that opponents warn will cost some under-resourced Hoosiers their health coverage.
Holcomb makes re-election bid official, says ‘we’re going to do even more’
The governor made his announcement in front of several hundred supporters at the Hoosier Gym in Knightstown.
Indiana seeks federal aid for 88 counties over crop losses
Gov. Eric Holcomb is seeking federal disaster aid for farmers across most of Indiana for crop losses caused by flooding and excessive rainfall during the planting season.
New owners of Tibbs Drive-In predict bright future
The new owners, who recently acquired the 24-acre property, say they’ve already made some improvements to the four-screen outdoor theater, which has been in operation on the west side of Indianapolis since 1967.