Walmart spending $108M to expand Indiana distribution center
The expansion will double shipping capacity and add automation technology that the company said will increase the speed with which merchandise gets sent to Walmart stores.
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Holcomb taps budget office to fill tax court vacancy
Indiana Office of Management and Budget senior official Justin McAdam will be the state’s next tax court judge, Gov. Eric Holcomb announced Tuesday.
Threats of strike heating up even before UAW begins negotiations with automakers
As the industry undergoes a historic transition from internal combustion engines to EVs, the UAW sees this year’s contract as an opportunity to ensure representation in the industry’s jobs of the future.
BofA hit with $250M in fines, penalties, refunds for fees, fake accounts
Bank of America must reimburse customers more than $100 million and pay $150 million in fines for “double-dipping” on overdraft fees, withholding reward bonuses on credit cards and opening accounts without customer consent.
Judge declines to block Microsoft’s record $69B deal to buy Activision Blizzard
Regulators have been seeking to ax the deal because they say it will hurt competition, but U.S. District Judge Jacqueline Scott Corley ruled the evidence pointed to more consumer access to Call of Duty and other Activision content.
Money-market funds brace for biggest regulatory revamp in years
Conference rooms are being reserved and snacks stockpiled as participants in the $5.5 trillion space await the U.S. Securities and Exchange Commission’s vote Wednesday on rules reshaping the money-market industry for the third time since 2008.
Indianapolis Motor Speedway Museum launches $89M campaign, plans major transformation
The massive overhaul of the 47-year-old museum will require a closure of nearly a year-and-a-half, officials announced Tuesday morning.
IEDC opens South Korea office as East Asian nation expands presence in Indiana
The news comes less than a month after South Korea-based Samsung SDI chose Indiana for the location of a projected $3 billion electric vehicle battery cell plant.
Meta’s Threads tops 100 million users in just 5 days, Zuckerberg says
The app is now among the most used social media platforms in the United States, rivaling even TikTok.
Indiana to host Farm Aid benefit concert for third time
Farm Aid founders Willie Nelson, Neil Young and John Mellencamp will top the bill at Ruoff Music Center.
City-County Council approves proposals targeting gun violence
The Indianapolis City-County Council passed two gun-violence-related proposals Monday evening, but one of them calling for stricter gun-control regulations won’t be enforceable under state law.
Fishers-based biosciences firm Quantigen acquired by Versiti
Quantigen employs 46 people at its office at 10300 Kincaid Drive, and it will retain its name following the deal.
Biden administration appeals order limiting its contacts with social media
Administration attorneys said in the motion filed at the 5th Circuit that the ruling was too broad and vague, and had the potential to chill government officials’ speech on important matters.
Merchants express concerns about Michigan Street ‘road-diet’ plan
At least seven business owners gathered at the corner of Michigan and Holmes Avenue with concerns about the economic impact of the “traffic-calming” project’s construction process, the removal of parking spaces and other issues.
Indianapolis to host annual conference for state lawmakers across nation
Speakers for the summit include Indiana Lt. Gov. Suzanne Crouch, Indiana Supreme Court Chief Justice Loretta Rush and local sports greats Peyton Manning and Tamika Catchings.
Med tech startup getting boost from global accelerator
West Lafayette-based Neurava is one of 61 companies from around the world to showcase its medical technology as part of the 11th annual MedTech Innovator, billed as the largest accelerator of med tech companies.
New state archives building coming to downtown Indy—finally
Construction of a new Indiana archives building is slated to begin this summer after a years-long search for a new site to house the state’s vast collection of historical records.
Some employees want ChatGPT at work, but bosses worry they’ll spill secrets
The fast-moving AI landscape is creating a dynamic in which corporations are experiencing both “a fear of missing out and a fear of messing up.”
Weight-loss drugs probed over reports of suicidal thoughts
The EMA said it would consider whether its review should be extended to other drugs in the same class, known as GLP-1 receptor agonists. Indianapolis-based Eli Lilly and Co.’s Mounjaro is among them.
Former Indiana AG Curtis Hill announces run for governor
Hill, who had his law license temporarily suspended after allegations surfaced that he drunkenly groped four women during a 2018 party, becomes the fourth Republican candidate to declare for the 2024 gubernatorial primary.