Biden will decide on US Steel acquisition after influential panel fails to reach consensus
Nippon Steel of Japan has pledged to invest $2.7 billion in U.S. facilities, including blast furnaces in Gary and in Pennsylvania.
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UPDATE: American Airlines operations up and running again after technical issue grounded US flights
In social media replies to frustrated travelers, the airline said: “Our team is currently working to rectify this. Your continued patience is appreciated.”
Damien Center planning 40-unit apartment project next to future headquarters
The nonprofit, Indiana’s largest and oldest AIDS service organization, hasn’t finalized a budget for the project, but early estimates place the cost between $12 million to $15 million.
Riley announces new president, its fourth in a decade
Riley Children’s Health soon will be led by a new administrator who will oversee its growth across the state and run its downtown anchor, Riley Hospital for Children, which turned 100 years old this fall.
Solar energy group nabs $117M to help underserved communities, low-income residents
Residents could have solar panels installed on their rooftops. Or a renter could subscribe to community solar “micro-grids” that can reduce their bills.
Pre-design funds approved for proposed Indiana judicial building
Proposals to construct a new building to house the state’s courts have been tossed around for decades. To get the ball rolling, Indiana budget regulators last week approved a $5 million request for pre-design funds.
Nissan, Honda to attempt merger that would create world’s No. 3 automaker
The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors Corp. also had agreed to join the talks on integrating their businesses.
The Container Store, buffeted by rough housing market and competition, seeks bankruptcy protection
The filing arrives two weeks after the trading of company shares was suspended by the New York Stock Exchange. Under Chapter 11 protection, The Container Store will continue to operate while it restructures.
Nordstrom to be acquired by Nordstrom family and Mexican retail group for $6.25B
Nordstrom’s board of directors unanimously approved the the proposed transaction, while top executives Erik and Pete Nordstrom—part of the Nordstrom family taking over the company—recused themselves from voting.
Grand Universe CEO sued by chief operating officer over alleged non-payment of salary
Kurt Williams claims Grand Universe Space Science Institute Inc. has failed to pay him more than $2 million since he began working for the company in 2015.
The 10 most-downloaded IBJ Podcast episodes of 2024
At the top of the list is host Mason King’s interview with Chick McGee, who has been a fixture on Indianapolis radio for 38 years as a cast member of “The Bob & Tom Show.”
For the middle class, fewer gifts under the tree this year
The middle class is paring back on holiday gifts this year, reflecting a widening inflation-fueled spending gap between the country’s wealthiest and everyone else.
Party City is going out of business after a nearly 40-year run
Employees at three Party City stores told The Washington Post that they were notified the closures would occur by the end of February.
Big Lots conducts going-out-of-business sales after sale of company falls through
According to the company’s website, all stores are closing and discounts of up to 50% are being offered on the entire assortment goods.
Notre Dame protects home field in new postseason era with 1st playoff win, 27-17 over Indiana
The seventh-seeded Fighting Irish (12-1) won their 11th straight—and their first playoff victory.
Senate eyes vote before midnight on government funding after House approves bill to prevent shutdown
House Speaker Mike Johnson had insisted Congress would “meet our obligations” and not allow federal operations to shutter ahead of the Christmas holiday season.
FDA approves Lilly’s Zepbound for obstructive sleep apnea
Lilly’s stock was up slightly in after-hours trading.
Gov. Holcomb’s accessibility, personal touches shape economic legacy, colleagues say
Holcomb’s administration has focused its economic strategy on courting new companies and investing in those already here.
Lilly stock caught up in wave of uncertainty
After a stunning 703% run-up in price over the past five years, shares of Eli Lilly and Co. have been on a roller-coaster ride since September.
Q&A with First Internet Bank’s David Becker on apprenticeships as workforce training
Becker expects the bank’s apprenticeship program will gain momentum when changes to the high school diploma take effect, beginning with the class of 2029 (current eighth-graders).