Walmart cuts profit outlook as shoppers adapt to inflation
Walmart’s move to lower its profit outlook in the middle of the quarter is rare and raised worries about how inflation, the highest in 40 years, is affecting the entire consumer sector.
Latest News
Articles
Rents spike as big-pocketed investors buy mobile home parks
Driven by some of the strongest returns in real estate, investors have shaken up a once-sleepy sector that’s home to more than 22 million mostly low-income Americans in 43,000 communities.
Physician sues Witham Memorial Hospital, alleging violation of FMLA and Equal Pay Act
Dr. Kimberly Gatzimos, who was fired by Witham Memorial Hospital, is suing her former employer, claiming she was illegally discriminated against after becoming ill as a result of dangerous conditions at her office.
UPDATE: Ex-U.S. congressman Buyer among 9 charged in insider trading cases
Stephen Buyer is accused in court papers of engaging in insider trading during a merger of T-Mobile and Sprint, among other deals. It said he leveraged his work as a consultant and lobbyist to make illegal profits.
UPDATE: Carmel police chief resigns less than a week after deputy chief’s suspension
Jeff Horner served as chief of the Carmel Police Department for about seven months before handing in his resignation from the position. Several hours after announcing the resignation, Carmel announced Horner would remain with the police force in another position.
Vice President Kamala Harris meets with Indiana lawmakers, abortion-rights advocates
The arrival of Vice President Kamala Harris comes as Indiana lawmakers meet in special session to discuss legislation to severely restrict abortion access.
Emmis founder Jeff Smulyan selected for Radio Hall of Fame
Jeff Smulyan will enter Radio Hall of Fame with Yankees broadcaster Suzyn Waldman, country countdown host Lon Helton and six others.
Hybrid work reduced employee attrition rate by 35%, study shows
With the unemployment rate near its lowest level in five decades, even some of the staunchest critics of work-from-home have changed their tune to attract and retain employees.
Feds sue poultry producers, alleging unfair worker practices
In its lawsuit, the Justice Department alleges the companies have been engaged in a multiyear conspiracy to exchange information about the wages and benefits of workers at poultry processing plants to drive down employee competition in the marketplace.
Local not-for-profits receive $260K in family homelessness grants
The funds will allow Family Promise of Greater Indianapolis to expand its apartment shelter program and support The Learning Tree’s tenant advocacy program.
Renewable energy farm builder IEA to be acquired for $1.1 billion
Infrastructure and Energy Alternatives Inc., which ranks as the 10th largest public company in the Indianapolis area, has agreed to be acquired by MasTec Inc., a Florida-based construction and engineering firm.
IBJ Podcast: The audacious challenge of choosing leaders for the inaugural Indiana 250
Host Mason King talks with IBJ Media CEO Nate Feltman and IBJ Editor Lesley Weidenbener about the goal of Indiana 250, which recognizes the state’s most influential leaders, and the challenge of choosing the honorees.
Irsay pays $6M at auction for Muhammad Ali’s ‘Rumble in the Jungle’ belt
In a tweet Sunday, Irsay confirmed he has acquired the belt for his collection of rock music, American history and pop culture memorabilia, which is currently touring the country.
Semiconductor bill unites far left, far right in opposition
Democratic socialist Sen. Bernie Sanders and the fiscally conservative right consider new grants and tax breaks to help computer chip manufacturers “corporate welfare.”
Yellen downplays U.S. recession risk as economic reports loom
Treasury Secretary Janet Yellen spoke just before a slew of economic reports will be released this week that will shed light on an economy currently besieged by rampant inflation and threatened by higher interest rates.
Vice President Kamala Harris to visit state legislators on Monday
The vice president will arrive in Indianapolis on the same day the Legislature kicks off a special legislative session to consider a bill that would ban most abortions in Indiana, a move she opposes.
Westfield extends deadline for Grand Park proposals by 2 weeks
Companies interested in buying or operating Grand Park Sports Campus will now have until Aug. 8 to submit proposals.
Doctors, hospitals face confusion about abortions
As the Legislature prepares to convene for a special session to consider abortion-related legislation, some doctors are worried about possible criminal liability they might face for providing abortions, even to save the life of the mother.
Steelmaker to use scrap wood to cut its carbon footprint
Fort Wayne-based Steel Dynamics Inc. says a newly announced joint venture with Minnesota-based biocarbon company Aymium will help it meet its goal to achieve carbon neutrality by 2050.
Merger gives Kite Realty Group Trust post-pandemic strength
President and COO Tom McGowan is at the forefront of major shifts for the local real estate firm, which has significant projects on tap in central Indiana.