U.S. auto sales up 7.5% in 1Q despite rising loan rates
Supplies improved and sky-high prices eased a bit while the global shortage of computer chips started to wane. To keep sales rolling, automakers might have to offer subsidized loan rates.
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Higher costs for staff and supplies squeeze Community Health’s operating income
Community Health Network said income from operations fell 76% last year, even as the number of admissions, emergency-room visits, physician visits and outpatient surgeries all increased.
Bed Bath & Beyond begins 3-week countdown to possible bankruptcy
Cut off from direct access to its own cash and turning to third-party financing to convince some suppliers to ship merchandise, Bed Bath & Beyond is running low on options to dig itself out of a financial hole years in the making.
Community colleges are reeling. ‘The reckoning is here.’
Two-year community colleges have the worst completion rates of any kind of university or college. Nearly half of students drop out within a year. Only slightly more than 40% finish within six years.
City-County councilors propose ‘no turn on red’ restrictions throughout downtown
The Indianapolis City-County Council might ban turns at red lights through the city’s core in response to a rise in accidents involving pedestrians and mounting community pressure.
Meteorologist Stephanie Mead to exit WISH-TV Channel 8
Mead is set to wrap up six years of forecasting weather in Indianapolis for WISH-TV Channel 8 on Friday, the meteorologist announced via social media.
Distraction, speeding, alcohol drive up annual traffic deaths
Nearly 43,000 people died in U.S. traffic crashes in 2021, with deaths due to speeding and impaired or distracted driving on the rise.
After March Madness, women’s pro basketball options are slim
March Madness may have been the last time for fans to see many of the talented college women players compete. Players’ options for professional basketball careers are limited, whether in the U.S. or overseas—the jobs just aren’t there.
Oil producers’ cuts could boost gasoline prices, help Russia
Less oil flowing to refineries should mean higher gasoline prices for drivers and could boost the inflation hitting the United States and Europe.
GOP plan to boost Indiana pre-grad training facing pushback
House Bill 1002, a priority bill for the House GOP caucus and the leading high school reform measure moving through the legislature, seeks to expand work-based learning in Indiana high schools, like apprenticeships and internships.
UFC parent, WWE combine to form $21.4B sports entertainment company
The deal between the company that runs Ultimate Fighting Championship and WWE catapults WWE into a new era, after functioning as a family-run business for decades.
IBJ Podcast: Indiana’s Jiffy Lube guru on art, entrepreneurism, police relations and March Madness laundry
Steve Sanner is owner and president of Jiffy Lube of Indiana, which counts 51 locations and about 510 employees altogether.
WISH-TV owner loses discrimination suits against AT&T, DirecTV, Dish
Federal Judge Tanya Walton Pratt on Friday dismissed Circle City Broadcasting’s claims in two separate lawsuits.
War of the states: EV, chip makers lavished with subsidies
Good Jobs First, a not-for-profit that tracks and is critical of corporate subsidies, said 2022 set a record for the number of billion-dollar-plus incentive deals.
Saudis, other oil giants announce surprise production cuts
The cuts total up to 1.15 million barrels per day from May until the end of the year, a move that could raise prices worldwide.
Companies targeting big spenders with premium products
Companies from toothpaste makers to Chipolte are adding more premium items as they reach out to wealthier shoppers who are still spending freely even in the face of higher inflation.
Holcomb declares disasters in Johnson, Sullivan counties after storms
The National Weather Service said at least seven tornadoes struck Indiana, with two in Johnson County and one in Sullivan County. Four other tornados were confirmed in Howard and Clinton counties.
Pilot project to boost Marion County’s low recycling rate getting mixed reviews
In 2020, the city diverted only about 15% of all residential, commercial, industrial and construction waste from landfills, through a combination of recycling and composting. That was far below the U.S. rate of around 35%.
Bill pits animal welfare activists against breeders and pet stores
The high-stakes battle pits the Humane Society of the United States and its efforts to protect animals against some national pet store chains, which say they simply want to be able to continue to sell puppies from USDA-licensed breeders.
Fishers-based biotech startup aims to grow from the gut
BiomEdit LLC was set up last year by Greenfield-based Elanco Animal Health and Boston-based Ginkgo Bioworks to make everything from food to therapeutics for animals. It’s already raised $36.5 million in venture capital for its work.