Upscale steakhouse chain planning downtown Indy entry
Houston-based Landry’s Inc. plans to open a Del Frisco’s Double Eagle Steak House in a space in downtown’s core that has housed several upscale eateries.
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‘Good Bones’ series to end after new season, co-star announces
The eighth and final season of Indianapolis-based home renovation series “Good Bones” is scheduled to debut Aug. 15 on HGTV.
Inflation has steadily cooled, but hitting Fed’s target rate will be toughest mile
Squeezing out the last bit of excess inflation and reducing it to the Federal Reserve’s 2% target rate is expected to be a much harder and slower grind.
Lilly stock soars to all-time high on strong sales, led by Mounjaro
Much of the excitement is due to strong results from Mounjaro, which hit the market in June 2022 as a treatment for Type 2 diabetes and rang up $979.7 million in the quarter.
Gray Eagle Golf Course planning two-level driving range with 160-foot-tall net
Plans call for the nets at Gray Eagle’s 38-acre driving range to be almost as tall as those used by TopGolf at its Fishers facility along Interstate 69. Gray Eagle also plans to build a 5,000-square-foot bar and restaurant inside a new clubhouse.
Truck dealer seeks tax breaks for $85M hub overhaul on south side
About 50 full-time jobs with an average pay of $29 per hour are expected to be created along with the expansion for Stoops Freightliner-Quality Trailer.
Indiana Chamber releases 2035 economic vision ahead of schedule
The ambitious vision seeks to advance workforce, education, business climate, infrastructure, quality of place and health initiatives.
Lilly reports surging profit, raises full-year guidance
The Indianapolis-based pharmaceutical company’s first-quarter performance was driven by strong sales of leading drugs for diabetes, cancer and other diseases.
Westfield now considering 3 companies to operate or manage Grand Park
The process to select a new operator or manager of the 400-acre sports campus was discussed Monday night at a meeting between the Westfield City Council and Redevelopment Commission.
Landmark Recovery seeks license reinstatement at Indiana locations
The filing comes about two weeks after the licenses were revoked by the Indiana Division of Mental Health and Addiction following three deaths at the Praxis Landmark Recovery center in Mishawaka.
Simon & Schuster purchased by private equity firm for $1.62B
The acquisition comes months after a federal judge blocked Simon & Schuster’s purchase by rival publisher Penguin Random House because of concerns that competition would shrink the book market.
Thousands of U.S. flights grounded, 1.1M lose power as strong storms hit
The storms’ spread was massive, with tornado watches and warnings posted across 10 states. By late Monday afternoon, about 1,500 U.S. flights had been canceled and more than 7,000 delayed, according to flight tracking service FlightAware.
Appeals court halts new Biden rules on debt relief for defrauded students
the U.S. Court of Appeals for the 5th Circuit issued an injunction to prevent the government from implementing regulations that took effect last month while it considers a lawsuit brought by Career Colleges and Schools of Texas.
MBX Biosciences gets FDA green light to move second drug into human testing
The U.S. Food and Drug Administration gave the green light to MBX to test a drug for post-bariatric hypoglycemia, a rare disease and a serious complication of bariatric surgery, the company said Monday.
As students left IPS, leaders paid COVID aid to company to get them back
The district’s $269,600 deal with Caissa highlights the increased competition Indianapolis Public Schools is confronting from local charter schools and vouchers.
Property loans are so unappealing that banks want to dump them
This year’s rise in borrowing costs has made commercial real estate one of the hardest-hit areas of the economy. Property sales, especially for office buildings, have slowed to a trickle, giving landlords and lenders few markers to determine the value of certain assets.
Trucking giant Yellow Corp. declares bankruptcy after years of financial struggles
The Chapter 11 bankruptcy filed Sunday arrives just three years after Yellow received $700 million in pandemic-era loans from the federal government. Yellow has hundreds of workers in Indiana.
Tyson Foods closing 4 chicken processing plants, including one in Indiana
In a cost-cutting move, Tyson said it will shift production to other facilities and halt operations at the four plants in the first two quarters of fiscal 2024.
Gen Con extending its stay in Indianapolis through 2030
Fresh off a record year for attendance, the Seattle-based tabletop gaming convention has signed a four-year extension to its contract with tourism agency Visit Indy.
IBJ Podcast: Farming challenges mount as Indiana gets hotter and wetter, but crops will have staying power
Three members of Purdue’s agronomy faculty—including an expert in soybeans and an expert in corn—explain how climate change is playing out on the ground in Indiana farm fields.