Carmel-based KAR to change its name to OpenLane
If the new name sounds familiar, that’s because KAR has been using it for a portion of its business after acquiring a California-based online auction company named OpenLane Inc. in 2011.
Latest News
Articles
Cummins reports record 1Q revenue, raises full-year guidance
Cummins is forecasting revenue to be up 15% to 20% year-over-year, compared with its previous guidance of between 12% to 17%.
As Fed examines banking woes, small businesses already feel the crunch
All over the country, small-business owners are feeling the early consequences of this spring’s banking crisis, which spanned two chaotic weeks in March and is still ricocheting through the economy.
Townhouse complex planned near Lucas Oil Stadium amid Old Southside recovery
Meridian Enclave would consist of 16 townhouses spread across four buildings all in the same block, southeast of the intersection of Sycamore and Charles streets. In addition, the developer plans to rehabilitate two adjacent homes.
U.S. job openings dip to 9.6 million, lowest since 2021
The Labor Department’s Job Openings and Labor Turnover Summary, out Tuesday, showed that layoffs rose to 1.8 million, the highest level since December 2020.
Trey Anastasio tops jam-themed lineup announced for All IN fest
The improvisational rock of jam bands is scheduled to reign at the second All IN festival, where Trey Anastasio and Umphrey’s McGee are on the bill.
No cost-of-living boost or 13th check for Indiana retirees
Despite billions in state reserves, fixed income retirees who are part of the Indiana public pension program won’t be getting a bonus benefit from the legislature this year.
Hollywood writers, slamming ‘gig economy,’ to go on strike
Streaming has exploded the number of series and films that are annually made, meaning more jobs for writers. But WGA members say they’re making much less money and working under more strained conditions.
Pilots at American, Southwest ratchet up strike threats
American, Southwest and United Airlines are under pressure to match or beat terms that rival Delta Air Lines accepted with its pilots.
Lawmakers call on SEC to assess Shein supply chain before IPO
A bipartisan group of two dozen lawmakers is asking the SEC to put the brakes on an initial public offering by Chinese fast-fashion retailer Shein—which has major operations near Indianapolis—until it verifies it does not use forced labor.
FDIC recommends raising insured deposit limit for businesses
U.S. businesses might be able to secure bank deposit insurance for accounts holding more than $250,000 if Congress agrees with the Federal Deposit Insurance Corp.’s new proposal.
Holcomb signs birth-control, voter-ID legislation
Gov. Eric Holcomb signed 68 bills on Monday, including a GOP-backed proposal requiring voters to submit more identification information to obtain mail-in ballots.
Report: Central Indiana among top 10 worst places in U.S. for particle pollution
This year’s report also showed Indianapolis ranked as the 65th most polluted city for ozone pollution, which is an improvement from 48th in last year’s report.
U.S. Supreme Court declines to take up Indiana’s abortion burial law
An Indiana law that requires abortion clinics to either bury or cremate fetal remains will remain in effect after the U.S. Supreme Court has declined to consider a lawsuit challenging it.
Department of Child Services director stepping down; successor named
Terry Stigdon plans to step down at the end of the week, the governor announced Monday. Under Stigdon’s leadership, the number of children in foster care has decreased by more than half since 2017.
Early voting up from four years ago in primary elections
Marion and Hamilton counties are both seeing more voters ahead of the primary election than they did in 2019, when the last mayoral primary elections took place.
Fed set to raise rates yet again. What comes next is unclear.
Another quarter-point rate increase on Wednesday would leave the Fed’s key rate at 5.1%—a 16-year high and a full 5 percentage points higher than in March 2022.
Workers’ well-being tops agenda at annual shareholder meetings
From Amazon.com to Walmart, investors have filed more than 140 shareholder resolutions this year, pressing companies to address employee-related issues ranging from paid leave and health and safety to abortion access, benefits and labor rights.
Libertarian Donald Rainwater announces 2024 gubernatorial run
Rainwater netted a historic percentage of the vote in the 2020 gubernatorial election as a third-party candidate.
Aerosmith’s farewell tour includes stop in Indianapolis
The 40-date run of shows includes a stop at Gainbridge Fieldhouse in October with special guests The Black Crowes.