Cook Medical cutting 500 jobs as part of strategic refocusing
The Bloomington-based maker of medical devices said the move is part of a new plan to strongly focus on product innovation.
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Repelled by high prices, Americans holding on to vehicles longer than ever
The average age of a passenger vehicle on U.S. roads hit a record this year, according to data gathered by S&P Global Mobility.
Utilities notch legislative victories in Indiana
New laws are set to let the state’s existing utilities get first dibs on a billion-dollar slate of new transmission projects, put natural gas plant costs into rates before construction ends, and more easily recoup other costs.
City, Downtown Indy Inc. expand Mile Square homeless-outreach team
The 18-month initiative is using federal funds to employ six full-time homeless-outreach specialists who will be led by a community-outreach coordinator.
Central Indiana existing-home sales fall for 15th straight month
Homes are spending much more time on the market than they did a year ago, but median prices are still on the rise.
IBJ Podcast: Rabbi Dennis Sasso on 275 weddings, 1,000 funerals, 800 b’nai mitzvah over 47 years
IBJ Podcast host Mason King sat down with Sasso and his wife, Rabbi Sandy Eisenberg Sasso, to discuss Dennis’ decision to step down.
End of a love affair: Automakers eliminating AM radio from many new cars
Some radio station owners and advertisers contend that losing access to the car dashboard will indeed be a death blow to many of the nation’s 4,185 AM stations.
COVID era of big spending gives way to new focus on deficit
While the White House has threatened to veto Republican House Speaker Kevin McCarthy’s debt ceiling bill with its “devastating cuts” to federal programs, the administration has signaled a willingness to consider other budget caps.
AI presents political peril for voters in 2024: ‘We’re not prepared for this’
Generative AI can not only rapidly produce targeted campaign emails, texts or videos, it also could be used to mislead voters, impersonate candidates and undermine elections on a scale and at a speed not yet seen
Potential state legislative snafu could mean another chance for Indy no-turn-on-red proposal
The City-County Council’s legal team is examining the possibility that a new state law doesn’t take effect until July 1, potentially giving the council time to enact the no-turn-on-red proposal.
VeeCon will bring celebrities, business leaders to NFT-ticketed summit in Indy
The May 18-20 event will feature more than 175 speakers and panelists, incluing actors Neil Patrick Harris, Drew Barrymore and Jessica Alba, as well as rapper Busta Rhymes and music producer Timbaland.
Could Indiana become a sports tech hub?
Nearly a year after Indiana launched its Sports Tech HQ initiative, organizers say they have built relationships with leaders throughout the sector and hope to lure four related companies to the state by the end of the year.
IMPD faces tough competition for police recruits
Mayor Joe Hogsett’s administration has boosted starting pay for new officers, offered signing bonuses and launched a marketing campaign to attract recruits from other Midwestern cities.
City’s big bet on a publicly owned Signia by Hilton worries other hoteliers
But Mayor Joe Hogsett, a Democrat seeking a third term, says the plan will ensure Indianapolis’ hospitality industry remains nationally competitive by making room for larger events.
New law offering apprentice scholarships aims to narrow talent gap
Starting next year, a new program will allow eligible high school students to receive up to $5,000 in state funding to “shop” for work-based learning experiences to help them earn a post-secondary credential before graduation.
Graham Rahal to open local Piaggio motorcycle dealership
Rahal Piaggio Indianapolis will sell motorcycles, scooters and mopeds under Italy-based Piaggio Group’s brands Piaggio, Vespa, Aprilla and Moto Guzzi.
City looks to spend $54M to purchase Pan Am Plaza, move hotel project forward
Control of the Pan Am Plaza site would allow the city to move forward with its plans to redevelop the property with the 40-story Signia by Hilton hotel.
Race teams ask NASCAR for ‘meaningful’ talks as dispute skids toward summer
The fight between NASCAR and its teams over a new revenue model prompted the owners of 16 chartered organizations to send a letter to NASCAR’s board of directors requesting “meaningful dialog” regarding the franchise model system.
Musk confirms Twitter’s new CEO is ad guru Linda Yaccarino from NBCUniversal
Yaccarino has worked at NBCUniversal for nearly 12 years—with her team generating more than $100 billion in ad sales since 2011, her company bio notes.
Indiana Local News Initiative makes first hire of 25-person editorial staff
In her role as community journalism director, Ariana Beedie plans to launch a local affiliate of the Documenters Network, which trains and pays residents to attend public meetings and publish the results.