Regions Tower owners face $75M foreclosure suit after missing loan deadline
In addition to its foreclosure demand, Wilmington Trust has requested the appointment of a new receiver for the 685,000-square-foot, 36-story property.
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Labor official says Dartmouth basketball players are school employees, sets stage for union vote
A National Labor Relations Board regional official ruled on Monday that Dartmouth basketball players are employees of the school, clearing the way for an election that would create the first-ever labor union for NCAA athletes.
Massive Indiana plant included in $16.5B Catalent acquisition
The Catalent biologics campus covers 62 acres and has four buildings totaling almost one million square feet. The facility was opened by Cook Pharmica in 2004 and acquired by Catalent in 2017.
Inari raises another $103M for gene-editing technology, but legal dispute looms with Corteva
The Boston-based biotech company with large operations in Indiana has raised more than a half-billion dollars over its eight-year history.
Tickets available for free All-Star Tip-Off event
The event, scheduled for Feb. 15 at 6 p.m. at Bicentennial Unity Plaza, is free and open to the public, but only 5,000 tickets are being distributed.
Some Americans saddled with credit card debt as rent, everyday prices remain high
Economists and experts see rising delinquencies as one of the growing risks to the economy this year, especially if student loans become too much for younger, debt-burdened Americans to handle.
Energizer to close Franklin facility, cut 64 employees
The Franklin facility also saw major job reductions in October, when Energizer ceased its packaging operations at the site.
Indiana-based Haynes International to be acquired for $970M
The 112-year-old manufacturer, which is one of the largest public companies in the state, has agreed to be acquired by North American Stainless in Ghent, Kentucky.
Indianapolis to host World Food Championships in November
The competitive event featuring 1,500 home cooks, professional chefs and BBQ teams is scheduled Nov. 8-12 at the Indiana State Fairgrounds.
California-based jeweler opening first Indiana store at Fashion Mall
Founded by the husband-and-wife team of Jason and Gorjana Reidel, the chain began its expansion in 2017 and now counts more than 60 stores nationwide.
Elanco to sell aqua business to Merck for $1.3B
Elanco Animal Health said it has agreed to sell its aqua business to Merck Animal Health, a move that allows it to pay down some of its debt load and invest in new pipeline products.
Spartz changes mind, decides to run for re-election
U.S. Rep. Victoria Spartz, who had been waffling in recent weeks on her decision to leave Congress, on Monday morning announced her intent to file for re-election, a move that will make for a complicated GOP primary in which several other Republicans have announced plans to run for her seat.
IBJ Podcast: Here’s what to see and do during All-Star Weekend
IBJ arts and entertainment writer Dave Lindquist talks about the All-Star Weekend schedule of concerts and other entertainment so far and explains what central Indiana residents can do to enjoy the festiities—even if they don’t have a ticket to the game.
Holcomb joins other GOP governors in Texas to push for border security
A growing number of Republican governors say President Joe Biden’s administration isn’t doing enough to stem the flow of unauthorized migrants.
Powell: Federal Reserve on track to cut rates this year with inflation slowing
Federal Reserve Chair Jerome Powell said in an interview broadcast Sunday night that the Federal Reserve remains on track to cut interest rates three times this year.
Pitino says NCAA enforcement arm is ‘a joke’ that’s ‘of no value anymore’ and ‘should be disbanded’
Coach Rick Pitino, 71, who a history of run-ins with the Indianapolis-based NCAA, said he believes it’s time for the enforcement staff to stand down when it comes to policing member schools.
Lil Wayne added to NBA All-Star Weekend concert lineup
The NBA All-Star Weekend addition of Lil Wayne, known for hit songs “Lollipop” and “A Milli,” is listed at Ticketmaster’s website.
The RoomPlace to close all six Indianapolis-area stores
The restructuring plan will allow the business to refocus its efforts on strengthening its 18 Chicagoland stores, a news release stated.
Formula One’s invitation for in-person meeting with Andretti Cadillac went to a spam email folder
The junk email revelation came Friday as Indianapolis-based Andretti Global sought to clarify two points in the sharply critical document F1 released earlier this week in rejecting the Andretti Cadillac application for entry into the racing series.
Big Ten, SEC team up to create ‘advisory board’ for college sports issues
The two wealthiest and most-powerful college conferences announced Friday the formation of a joint advisory group of university leaders and athletic directors, with the intent to find solutions to the challenges facing college sports.