As Pence considers 2024 run, he seeks distance from Trump
Advisers and allies say they think former Vice President Mike Pence is likely to run for president, and insist he will not base his decision on whether Trump chooses to run again.
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Microsoft, Google among latest tech giants to hit brakes on hiring
With recession fears mounting, many big tech companies are rethinking their staffing needs. Here’s a look at some of the dozens of companies that are tapping the brakes.
Facebook forsakes friends and family to compete with TikTok
Facebook announced Thursday that it’s overhauling the design of its flagship social network by elevating content from creators over posts from friends and family in an effort to fend off intensifying competition for users’ attention.
Indiana Sports Corp. promotes COO Talty to president
Patrick Talty replaces Ryan Vaughn, who stepped down after leading the organization since 2014.
Annual count of people experiencing homelessness in Indy finds 9% drop
The city of Indianapolis, Indiana University Center for Research on Inclusion and Social Policy, and the Coalition for Homelessness Intervention and Prevention, or CHIP, partner annually to measure the data.
Carmel-based enVista to sell portion of its business to German tech company
EnVista, which has 850 global employees and expects $185 million in revenue this year, is selling the commerce and transportation parts of its business to Germany-based Körber. Once the deal closes, 400 enVista employees, including its cofounder, will join Körber.
Biden tests positive for COVID, has mild symptoms, White House says
President Joe Biden, 79, has begun taking Pfizer’s Paxlovid treatment for the disease, Press Secretary Karine Jean-Pierre said, and will isolate at the White House while continuing his duties.
Ford touts ample battery supply deals to hit electric vehicle goals
Ford would not comment on a report that it could lay off as many as 8,000 employees to cut expenses to finance its ambitious EV goals. It called the report by Bloomberg News speculation.
Housing market chills as mortgage rates, prices scare buyers
Mortgage applications have declined sharply while sales of previously occupied homes have fallen for five straight months, during what is generally the busiest time of year in real estate.
Americans filing jobless claims at highest level in 8 months
The government also reported earlier in July that U.S. employers advertised fewer jobs in May amid signs that the economy is weakening, though the overall demand for workers remained strong.
Amazon to buy primary care provider One Medical for $3.9B
One Medical is a membership-based service that offers virtual care as well as in-person visits. It also works with more than 8,000 companies to provide its health benefits to employees.
Roundup: Another chicken tender eatery arriving; ClusterTruck rolling out of Fishers
Indianapolis’ north suburbs are gaining yet another chicken tenders restaurant, but are losing a food-delivery service and a combination bookstore and bar.
IBJ Media’s inaugural list of influential Hoosiers includes CEOs, entrepreneurs, philanthropists
The list, available at Indiana250.com, was compiled by the executives, editors and newsroom staffs at IBJ Media’s three news brands—Indianapolis Business Journal, Inside INdiana Business and Indiana Lawyer—after a monthslong process that included reviewing nominations, researching Indiana organizations and interviewing community leaders across the state.
Mayor Joe Hogsett: Indianapolis supports speedy approval of bipartisan Innovation Act
This bill must be a fully funded effort. In other words, it must return semiconductor and advanced manufacturing to American shores while also building up Innovation Hubs that look ahead to the next generation of technology.
Older, younger bosses often disagree about remote work
The research exposes a generational divide in which executives closer to retirement age differ from younger managers in their 30s and 40s, who are generally more accepting of hybrid arrangements and keen to make sure they benefit everyone.
U.S. Postal Service to boost purchases of electric vehicles
The Postal Service now wants 50% of its initial purchase of 50,000 next-generation vehicles to be electric, up from the previous plan for 20% being electric.
Sky-high diesel prices squeeze truckers, farmers, consumers
For months, motorists have felt the pain of high gasoline prices. Many might not know that they’re also absorbing the impact of much costlier diesel in the form of higher priced goods.
Senate Republicans balk at Holcomb’s tax refund proposal
Indiana Senate Republicans effectively signaled their opposition to Gov. Eric Holcomb’s plan by presenting an alternative proposal aimed at providing some financial relief for Hoosiers during a period of record-high inflation.
Senate GOP proposes abortion ban with exceptions for rape, incest and to protect life of mother
The unveiling of the proposal ends weeks of speculation on how restrictive the proposal would be, following the U.S. Supreme Court’s decision to turn such matters over to the states. The Indiana Legislature will convene in special session on Monday to consider the legislation.
Semiconductor maker banking on federal incentives for proposed $1.8B Indiana plant
The announcement for the proposed plant came one day after the U.S. Senate voted to proceed with discussions on a $52 billion federal incentive package for semiconductor manufacturing and workforce development.