Black Friday: Inside its evolution and how it changed holiday spending
The National Retail Federation projects that an estimated 182 million people are planning to shop in-stores and online through the five-day Thanksgiving weekend.
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Altman back as OpenAI CEO just days after being removed, along with new board
The ousted leader of ChatGPT-maker OpenAI is returning to the company that fired him late last week, culminating a days-long power struggle that shocked the tech industry and brought attention to the conflicts around how to safely build artificial intelligence.
Largest crypto exchange Binance fined $4B, CEO pleads guilty to not stopping money laundering
“Using new technology to break the law does not make you a disruptor, it makes you a criminal,” said U.S. Attorney General Merrick Garland, who called the settlement one of the largest corporate penalties in the nation’s history.
Newfields board issues first statement since Nov. 10 announcement of CEO’s departure
The board said “there is no change in our strategy, mission and values” but it provided no additional details about Colette Pierce Burnette’s departure.
Record crowds expected to take to air, roads for Thanksgiving
Sunday is expected to draw the largest crowds to airports with an estimated 2.9 million passengers, which would narrowly eclipse a record set on June 30.
Colts waive three-time All-Pro Shaquille Leonard in surprising move
The decision to part ways with Leonard, the 2018 AP NFL Defensive Rookie of the Year, comes shortly after he complained publicly about his decreased playing time this season.
Former Indy-area financial planner to plead guilty in $4.7M fraud case
According to the plea agreement, Christopher Turean spent his wealthy client’s money on gambling and paying down a home equity loan.
Lilly Endowment awards $11M to 19 local groups serving immigrants
The Indianapolis-based philanthropy giant says the grants are intended to help immigrants acclimate to life in central Indiana and make progress toward self-sufficiency.
City committee checks box on downtown taxing district for soccer stadium
As approved by the Metropolitan and Economic Development Committee, the district would collect various taxes to cover a portion of the cost for the stadium at the proposed Eleven Park development. The City-County Council now must weigh in.
Developers planning $450M in apartments, townhouses, condos, retail in Carmel over two projects
The two Indianapolis-based developers have requested the city issue a total of $76 million in developer-backed bonds to help cover the cost of design and construction of the projects.
U.S. home sales slumped to slowest pace in more than 13 years in October
Surging mortgage rates and rising prices are keeping many prospective homebuyers on the sidelines.
City committee delays decision on bond plan for buying Broad Ripple Family Center
The move follows pushback by several neighborhood groups on the north side who expressed concern about the city’s plan, which could rely heavily on the Midtown tax-increment financing district to repay bonds issued for the acquisition.
Less ‘aggressive’ legislative session coming, Statehouse leaders say
Leaders in the Republican-dominated Indiana Legislature say they’re not planning on taking on gambling expansions, water fights or costly initiatives during the shorter non-budget session, which begins in January and must end by mid-March.
Committee advances proposal for Mile Square district imposing fees on property owners
The City-County Council Metropolitan and Economic Development Committee heard testimony from over a dozen downtown residents and representatives of prominent companies before passing the proposal, 8-3.
Carmel City Council mulling 20 mph roundabout speed limit
City Council President Jeff Worrell said Monday that a ride with Carmel traffic officers last week convinced him it would be possible to enforce a roundabout speed limit.
Indiana Chamber’s lobbying priorities include driving cards, tax cuts, child care
Members of the Indiana Chamber of Commerce laid out their agenda for the 2024 General Assembly during the business group’s annual legislative preview luncheon on Monday.
Baxter sells Bloomington plant with 1,000 workers to private investors
The Bloomington plant, with about 1,000 employees, is the fifth-largest employer in Monroe County, according to the Greater Bloomington Chamber of Commerce, and is poised for more growth.
U.S. launches $3B effort to boost advanced chip packaging
The Commerce Department says the U.S. has just 3% of the world’s packaging capacity—compared with an estimated 38% in China—which Washington worries has left the country vulnerable.
Senate committees for elections, commerce get new chairpeople
Sen. Mike Gaskill, R-Pendleton, will helm the senate committee on elections, while Sen. Brian Buchanan, R-Lebanon, will lead the senate committee on commerce and technology.
Democrat Destiny Wells to run for Indiana attorney general
Wells, who was seen as the Indiana Democratic Party’s best chance at taking statewide office in 2022 as a candidate for secretary of state, now plans to run for attorney general in 2024.