Amazon used algorithm to essentially raise prices on other sites, FTC says
Amazon is accused of violating federal and state antitrust laws, but the company has responded with a full-throated defense of its business practices.
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IndyCar driver Grosjean hired by Juncos Hollinger Racing
Romain Grosjean was hired to replace Callum Ilott, who was abruptly sacked last week. Grosjean will begin his fourth season in IndyCar with a third team.
New Indiana band Wishy is unwavering in its distinctive sound
Wishy co-founders Kevin Krauter and Nina Pitchkites met as Carmel High School students but waited to become band mates.
Cummins announces voluntary staff reductions
Cummins, which reported revenue of $8.4 billion during the third quarter, has 73,600 employees worldwide, including 10,500 in Indiana.
Community Health sets aside $75M in ‘potential settlement agreement’ with feds, whistleblower
If a settlement is reached, it could end a legal saga that has stretched out for more than nine years, involving nearly 700 filings in the federal court docket.
Indiana legislative group weighs cannabis legalization, but fails to make recommendations
The Interim Study Committee on Commerce and Economic Development is examining “the legalization of adult-use cannabis in Indiana as it relates to workforce impacts and teen use.”
Retail trade group says holiday sales growth expected to slow
The National Retail Federation, the nation’s largest retail trade group, predicts an increase in sales this holiday season, just not as big as last year’s.
Attorney General Rokita reprimanded for comments about Dr. Bernard
The Indiana Supreme Court has publicly reprimanded Indiana Attorney General Todd Rokita for comments he made about Dr. Caitlin Bernard, the OB-GYN at the center of a controversy over abortion in Indiana.
High-end Proscenium apartment property in Carmel changes hands
A 196-unit mixed-use apartment and retail development in Carmel has been sold in a deal brokers called one of the most notable—and complex—sales of the year in the metropolitan area.
Lilly posts 3Q loss of $57M, cuts full-year profit guidance
Excluding nonrecurring items, the Indianapolis-based drugmaker posted adjusted earnings of 10 cents a share, beating Zacks consensus estimate of a loss of 11 cents a share.
Cook Medical sells portion of reproductive health business for $300M
The move comes three months after a proposed $875 million sale of Cook’s entire reproductive health business to Cooper was called off.
Shreve proposes property-tax freeze for some Indianapolis homeowners
Mayoral candidate Jefferson Shreve this week rolled out a proposal to freeze property taxes in Indianapolis for residents older than 65 and those seeing drastic increases in assessed home values.
Drake apartments property receives five proposals for reuse
The Department of Metropolitan Development in August issued a request for proposals for updating the long-vacant, city-owned building at 3600 N. Meridian St.
Mark Montieth: A word to describe the late Bob Knight? Complex.
He’ll ultimately be remembered for his coaching acumen, of course. His teams featured what for his era was the ultimate brand of basketball. Controlled pace, crisp ball movement, careful shot selection and stout defense.
Players, colleagues remember Knight as innovator, champion
Those who played for, worked with or competed against Bob Knight expressed their thoughts after the death of the legendary coach.
Hoosier coaching legend Bob Knight dies at 83
Robert Montgomery “Bobby” Knight, who led Indiana University to three NCAA basketball championships, died Wednesday, his family announced.
Trump endorses Mike Braun in Indiana governor’s race
The former president said Braun—an Indiana senator—is working hard to “support our law enforcement, secure our borders and stop the woke fascist mob trying to destroy our country.”
UPDATE: Fed leaves key rate unchanged but keeps open possibility of future hike
Policymakers are grappling with how much more pressure to keep on an economy that has largely shrugged off the central bank’s moves to slow it down.
MDC approves proposed taxing district for Indy Eleven stadium
The Metropolitan Development Commission’s approval, which came by a 8-0 vote, sends the proposal to the City-County Council, where it will be introduced Nov. 13.
Syra Health rings Nasdaq opening bell; shares slide to new low
The company was formed only three years ago and went public on Sept. 29 in an initial public offering that raised $5.3 million after expenses.