Mobile sports betting ready to launch in Indiana
Sports betting is ready to go legally online in Indiana on Thursday, a little more than a month after the state’s casinos started taking in-person game wagers.
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Stocks slide again as worries about global economy grow
The latest push to sell was fueled by a report showing hiring by U.S. companies slowed more than expected last month, particularly in mining and manufacturing.
City threatens to take GM stamping plant land from Ambrose by eminent domain
The letter from the city’s corporate council to Ambrose says that to “avoid the delay and expense of a court process, we would welcome the opportunity to begin negotiation acquisition of the property immediately.”
Developer withdraws plans for controversial townhome project in Carmel neighborhood
The project—which met strong opposition from residents in the Johnson Addition, near the Arts & Design District—was scheduled to be discussed at a plan commission committee meeting Tuesday but was withdrawn that afternoon.
Shoppers getting more options for returning online purchases
Retailers aim to reduce costs while making it easier for shoppers to return online items. The average return rate for online transactions is 25% compared with 8% for store purchases, according to Forrester Research
Pacers PR chief Rockwood leaving for Butler University position
Former Butler University basketball player Brent Rockwood is set to become vice president and chief of staff at his alma mater, the university said Wednesday.
Simon Property to invest $280M in online shopping venture
The Indianapolis-based shopping mall giant announced Wednesday morning that it is partnering with Rue Gilt Groupe to create an online site that will allow users to shop for more than 300,000 products from at least 2,000 designers.
Fast-growing Mooresville-based prop maker plans to add 70 jobs
The company, which saw sales rocket from less than $7 million in 2016 to $20 million in 2018, said it will invest $1.1 million into upgrading and expanding its headquarters.
Indianapolis Zoo secures 28 acres of land for expansion
The parcels, which are south of West Washington Street and east of South Harding Street, are expected to be turned into permanent parking lots and additional zoo exhibits in the coming years.
UAW strike losses for GM reach about $1B—and still rising
Both sides are hoping the strike doesn’t last much longer, but while bargaining continues, the top union negotiator says they’re far apart on major issues including wages, job security, health care and a path for temporary workers to become full-time.
Consolidation up for consideration for state education agencies
On Tuesday, an interim committee of lawmakers discussed potentially consolidating the state board of education, governor’s workforce cabinet, and Commission for Higher Education.
IU School of Medicine lands $36M grant to develop Alzheimer’s disease treatments
The grant, to be paid over five years, will help the IU School of Medicine launch a drug discovery center as part of a strategic partnership with the Purdue Institute for Drug Discovery at Purdue University.
U.S. manufacturing sector falls into deeper recession
September marked the worst month for U.S. manufacturing in more than a decade—since June 2009—according to the closely watched Institute for Supply Management’s Manufacturing Index.
Buttigieg pitches himself to moderates as the Biden alternative
Despite raising a staggering $51 million for his presidential campaign in 2019, South Bend Mayor Pete Buttigieg has been stuck in fourth place, between 5% and 7% in national polls. Part of that is because he’s hard to define.
Local software startup lands $10M in seed funding, moves HQ to California
Edify Labs Inc., a contact-center software firm founded in Carmel a year ago, announced Tuesday that it has raised $10 million in seed funding in one of the largest funding rounds of its type this year.
School district revives defunct Marsh store as nifty preschool
Shelbyville Central Schools bought the property and spent $13 million on a wholesale renovation and redesign to accommodate hundreds of children.
Cleveland-based firm buys Indy fiber network, plans $38M expansion
Cleveland-based Everstream Solutions LLC announced Tuesday that it has agreed to buy a 200-plus-mile Indianapolis-based fiber network from Dallas-based DataBank Ltd. and quadruple the network’s size. The service area will expand to cover Indianapolis and parts of Hamilton County.
Private equity firm to buy Carmel-based Orchard Software, fund growth
Founded in 1993, Orchard has grown to become the seventh-largest software development firm in the Indianapolis area, with 275 employees and $40 million in revenue for 2018.
Sanders pushes tax on companies where CEOs earn far more than workers
Under Sen. Bernie Sanders’ plan, the government would increase a firm’s corporate tax rate if its highest-paid employee earns more than 50 times what its average worker does—an attempt to encourage companies to distribute their profits more equitably.
Markets cap turbulent third quarter with positive end
U.S. stocks climbed Monday and gave one last nudge to ensure the Standard & Poor’s 500 emerged from yet another tumultuous quarter with a modest gain.