DePauw University to use $40M in gifts for new business school
The new business school is included in a five-year strategic plan the Greencastle-based university unveiled this week called “Bold & Gold 2027.”
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Rolls-Royce to spend $400M on upgrades in Indianapolis, West Lafayette
In Indianapolis, Rolls-Royce plans to add 150,000 square feet to the east side of its Tibbs Avenue facility, expanding and improving its testing capabilities at the site.
Kirk’s ending historic hardware store run in downtown Noblesville
Kirk’s Hardware, owned by Bill and Carrie Prater since 2002, is set to close at the end of the month. The 133-year-old, six-floor building that houses the business at 848 Logan St. has always had a hardware store as a ground-floor occupant.
Study: Racial gap shrinks in grad rates for NCAA men’s hoops teams
The shrinking gap in average Graduation Success Rate was due to gains by Black players outpacing those by white players.
Here’s how higher interest rates will affect Americans’ finances
With inflation raging at four-decade highs, economists and investors expect the central bank to enact the fastest pace of rate hikes since 2005. That would mean higher borrowing rates well into the future.
Powell, three other nominees to Federal Reserve clear Senate panel
The Senate Banking Committee approved Jerome Powell’s nomination to a second four-year term as chair of the Federal Reserve Wednesday, just hours after the central bank began what will be a difficult effort to combat inflation.
Walmart ‘still in evaluation process’ after Plainfield facility fire
Until the company determines whether or not the massive distribution building can be salvaged, Walmart will rely on its other 45 or so e-commerce fulfillment centers across the United States to complete orders.
Fed begins inflation fight with key rate hike, signals more to come
The Federal Reserve’s quarter-point hike in its key rate, which it had pinned near zero since the pandemic recession struck two years ago, marks the start of its effort to curb the high inflation that has followed the recovery from the recession.
Gradual Indiana income tax cut plan signed by governor
The governor’s office announced Wednesday that Holcomb had signed the bill approved by legislators last week that will reduce the state’s current income tax rate of 3.23% to 2.9% in small steps until its planned full implementation in 2029.
Holcomb vetoes state agency rulemaking bill
Indiana Gov. Eric Holcomb issued his first veto of this year’s legislative session on a bill that would have put some restrictions on state agency rulemaking procedures, the governor’s office announced Wednesday.
Scientists explore potential connection between diabetes, COVID-19
It’s clear that in those who already have diabetes, COVID-19 can worsen the condition and lead to severe complications. But there are other possible links.
16 Tech promotes Emily Krueger to chief executive
Krueger currently serves as chief operating officer at the 16 Tech Community Corp., which oversees the 50-acre 16 Tech Innovation District on the city’s near-west side.
Retail sales rose 0.3% in February amid higher prices
After beginning the year in a buying mood, Americans slowed their spending in February on gadgets, home furnishings and other discretionary items as higher prices for food, gasoline, and shelter consumed more of their wallets.
$30M Indianapolis golf and entertainment venue set for June opening
The facility, which feature a three-story golf range, restaurant and bar spaces, and a 350-person music pavilion, is expected to create up to 200 full-time and part-time jobs.
Congressional leaders call NCAA’s gender-equity efforts ‘inadequate’ on eve of March Madness
The letter faults the NCAA for failing to make several substantive changes—or simply commit to making the changes—recommended by the law firm it retained to conduct a review of its policies and procedures.
IUPUI women get second chance to make first NCAA impression
After qualifying for the NCAA Women’s Basketball Tournament two years ago but not getting to play because of the pandemic, IUPUI is embracing another opportunity.
Eli Lilly cuts exports of ‘non-essential’ drugs to Russia
Additionally, the pharmaceutical giant said in a statement that it had “suspended all investments, promotional activities, and new clinical trials in Russia.”
CICP Foundation lands nearly $35M from Lilly Endowment
The foundation said the funds will be used to support collaborative projects in Indiana’s agbiosciences, life sciences, advanced manufacturing and logistics and technology sectors.
Pfizer, BioNTech seek OK for 2nd COVID booster for people 65 and older
The decision from the FDA could come relatively quickly, especially if officials conclude the data is straightforward and does not have to be reviewed by a panel of outside vaccine experts.
Zionsville’s solar effort recognized by national program
The designation from SolSmart recognizes Zionsville for taking steps to encourage solar energy and remove obstacles for solar development.