Congress grills CrowdStrike about multibillion-dollar July tech outage
The July technology failure shut down 911 call centers, handicapped hospitals and stranded airplane passengers around the world.
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Department of Justice sues Visa, alleges card issuer monopolizes debit card markets
According to the DOJ’s complaint, 60% of debit transactions in the United States run on Visa’s debit network, allowing it to charge over $7 billion in fees each year for processing those transactions.
Julie Goodman to exit CEO position at Indy Arts Council
Julie Goodman eventually will take a new role as chief advancement officer with entertainment venue the Cabaret.
House OKs permit exemption for semiconductor projects, sending bill to Biden
The U.S. House approved legislation on Monday that would address concerns that environmental reviews and lawsuits will delay construction of domestic chip factories.
IPS seeking new suitors for John Marshall High School after city withdraws
The Department of Metropolitan Development quietly withdrew its offer to buy the building over the summer after determining needed improvements would make make the project a larger—and more expensive—challenge than anticipated.
American consumers feeling less confident as concerns about jobs take center stage
The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 98.7 in September, from 105.6 in August. It was the biggest month-to-month decline since August of 2021.
California-based med tech company to relocate to Westfield
PhysioLogic Devices Inc. will change its name to Portal Diabetes Inc. following the company’s move. It plans to employ up to 35 full-time employees by 2028 with an average salary of $135,265 each.
Indiana’s highest elected officials are set to get big pay bumps
Gov. Eric Holcomb’s successor will become one of the highest-paid governors in the nation while other offices will see raises between 44% and 66%.
Madison Avenue to undergo three-phase, $47M ‘road diet’
Plans call for the removal of two vehicular lanes and the addition of new pedestrian and cyclist space.
Developer planning 186-home community next to golf course in Westfield
Carmel-based Old Town Cos. is looking to build the residential development in Westfield adjacent to Wood Wind Golf Club, which the city plans to purchase and turn into a municipal golf course.
Council OKs revised elected-official pay, ethics disclosure ordinances
The Indianapolis City-County Council on Monday evening voted to approve two tweaked proposals: one that increases long-stagnant countywide elected official pay and the other requiring councilors to fill out more in-depth, publicly available disclosure forms.
Law firm Taft growing again by merging with Denver’s Sherman & Howard
The merger will add 125 lawyers to Taft’s list of attorneys, which will grow to more 1,000 in 10 states.
Lilly seeks court ruling that could mean big money for new weight-loss drug
The Indianapolis-based drugmaker filed a suit in federal court this month, challenging the U.S. Food and Drug Administration’s ruling that the company’s experimental obesity treatment not a biological product.
Krauskopf returning to Fever as president after six-year stint with Pacers
Kelly Krauskopf led the Indiana Fever from 2000 to 2018 and built the team into one of the league’s most successful franchises, with 13 postseason appearances and three WNBA finals berths in seven years.
Amid FAFSA delays, Hoosier education officials ramp up efforts to keep applications rolling in
Thousands of Hoosier students qualify for aid each year, but historically, fewer than half end up submitting their FAFSA. That leaves tens of millions of unclaimed federal aid dollars.
Four-day workweek advocate touts benefits of the trend
Companies exploring the option of letting employees work four days a week hope to reduce job burnout and retain talent seeking a better work-life balance, according to the chief executive of an organization that promotes the idea.
WTHR-TV anchor Gina Glaros announces exit
WTHR hired Carmel High School alum Gina Glaros in 2021. She previously worked for stations in Terre Haute, Fort Wayne and Louisville.
IndyCar finalizes charter system that doesn’t guarantee spots in Indianapolis 500
The initial agreement runs through the 2031 season and ensures the 25 chartered cars a starting spot in all IndyCar races except the Indianapolis 500.
IBJ Podcast: Fever’s sales guru on preparing for Caitlin Clark, using data and AI to win over fans
Todd Taylor explains how the Indiana Fever and Pacers are using rapidly advancing technology to build customer profiles of attendees, customize the communication and offers they receive and adjust ticket pricing.
Motel 6 sold to Indian hotel operator for $525M
The budget motel chain—which operates 10 hotels in the Indianapolis area—is being sold by New York-based investment firm Blackstone, which purchased the chain in 2012.