More than one-third of office desks globally sit empty all week long
The findings illustrate the challenges faced by organizations as they assess office-space needs.
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UPS workers OKs 5-year contract, capping contentious negotiations that threatened deliveries
The Teamsters said in a statement that 86% of the votes cast were in favor of ratifying the contract.
Charles Schwab plans job cuts, office downsizing amid effort to cut costs
The financial services powerhouse, which has major operations in Indianapolis, did not specify how many positions would be eliminated—but suggested that the layoffs will take place in the coming months.
Indiana attorney general leading tenants-protection movement
Republican state lawmakers have long resisted taking up legislation strengthening tenants’ legal rights, making Todd Rokita an outlier at the state level—but a possible ally for advocates who’ve struggled to advance such changes.
Fishers expects construction on delayed State Road 37/141st Street project to start in 2024
Mayor Scott Fadness told the Fishers City Council during a budget presentation Monday night that the city will solicit contractor bids for the project in April. He said the city has set aside about $20 million for the project.
Circle Tower owner facing foreclosure for alleged nonpayment
Chicago co-working company Expansive bought the landmark building on Monument Circle before the pandemic. Centier Bank says Expansive still owes $12.9M on its loan and has fallen behind on payments.
Indiana leaders submit application for federal tech hub designation
Indiana is competing with its Midwestern neighbors to land up to $75 million to create one of three tech hubs in the region.
Colts give Jonathan Taylor permission to seek trade, source says
The 2021 NFL rushing champion went on the physically unable to perform list when the Colts reported to training camp July 25 and is still on it as he continues to rehab.
Lottery ends fiscal year sending near-record amount to state
Although gaming officials celebrated the year’s high revenue and sales, they cautioned that three multi-state, billion-dollar jackpots—which boosted revenue—weren’t stable elements for future budgeting and planning.
IPS seeks relief from law requiring $1 building sales to charter schools
The court filing by IPS is the latest move in a long-running dispute between the district and the charter sector over facilities and resources, as charter enrollment grows and IPS enacts academic and other changes to attract students.
Indianapolis Housing Agency commits to ‘rectify’ living conditions at apartment complex
According to Attorney General Todd Rokita’s office, at least 40 renters filed complaints earlier this year about deteriorating conditions at Lugar Tower Apartments, including a lack of security, fecal matter in stairwells and pest infestations.
Carmel startup NeurAxis raises $6.6M in IPO, less than half of its original forecast
The company, which is developing electrical-nerve stimulation therapies for children, went public this month at an initial price of $6 a share—lower than the range of $7 to $9 a share it announced in February.
American Airlines pilots ratify new contract with big pay raises, bonuses
The Allied Pilots Association said that 73% of pilots who took part voted in favor of the four-year contract, which it valued at $9.6 billion.
Percussive Arts Society convention extending its stay in Indianapolis through 2028
The Percussive Arts Society International Convention has been presented each November in Indianapolis since 2009, aside from a few exceptions.
Holcomb backs consultant Anne Hathaway to lead Indiana GOP
The state party committee, which plans to convene “in the near future,” still needs to confirm Holcomb’s choice, a party spokesperson told IBJ.
Many long-COVID symptoms linger even after two years, new study shows
People who endured even mild cases of COVID-19 are at heightened risk two years later for lung problems, fatigue, diabetes and certain other health problems typical of long COVID, according to a new study that casts fresh light on the virus’s true toll.
Indiana Supreme Court won’t rehear abortion law ruling, putting it back in effect
The new law—which prohibits the procedure with only narrow exceptions—will immediately take effect once the ruling is certified on the court docket, which is expected to be a matter of days, according to court officials.
Looking for a new car under $20,000? Your choice has dwindled to one.
Just five years ago, a price-conscious auto shopper in the United States could choose from among a dozen new small cars selling for under $20,000. Now, that choice is down to a single vehicle.
IBJ Podcast: Sam Schmidt on his paralysis journey, basing national clinic expansion in Indy
In this week’s edition of the podcast, Schmidt shares his story of recovery from a near fatal injury and how he uses it to help inspire others with mobility issues.
Amazon relaunches shipping service that competes with FedEx, UPS
Amazon has restarted a shipping service it paused in the early days of the COVID-19 pandemic. Amazon Shipping allows sellers to ship Amazon orders or products sold on other sites.