Museum seeks recollections of Central State Mental Hospital
Memories of patients, staff members and neighbors of Central State Mental Hospital are being compiled for a digital archive.
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DMD recommends approval for controversial $61M Willows project
The Indianapolis Department of Metropolitan Development on Thursday said the redevelopment of The Willows Event Center property north of Broad Ripple into more than 250 apartments and town homes should be permitted to move forward.
Average long-term U.S. mortgage rates edge up to 5.3%
Average long-term U.S. mortgage rates are continuing to rise, with interest on the key 30-year loan at its highest level since 2009.
Mercedes tells owners of 292K vehicles to stop driving them
Mercedes-Benz said the vehicles in question have a problem that could cause the brakes to fail.
Biden cancels offshore oil lease sales in Gulf Coast, Alaska
The Biden administration says it is canceling three oil and gas lease sales, removing millions of acres from possible drilling as U.S. gas prices reach record highs.
Crypto comes to Washington. Will the millions buy influence?
Cryptocurrency tycoons are emerging as political power players. They are pouring millions of dollars into elections as they try to gain influence over members of Congress who will write laws governing their industry.
Central Indiana cities plan new regional development authority
The new Central Indiana Regional Development Authority initially would include Anderson, Carmel, Fishers, Indianapolis, McCordsville, Noblesville, Westfield and Zionsville.
Cummins shareholders reject splitting CEO, board chair duties
Had the proposal been approved, Cummins CEO Tom Linebarger would have been stripped of the chairmanship.
Indianapolis-based Centerfield launches $400M investment fund
The investment fund is Centerfield Capital Partners’ fifth, and the largest yet in the private-equity firm’s 24-year history.
U.S. casinos had best month ever in March, winning $5.3B
The casinos collectively also had their best first quarter ever, falling just short of the $14.35 billion they won from gamblers in the fourth quarter of last year, which was the highest three-month period in history.
Senate bid to save Roe v. Wade falls to GOP-led filibuster
Some Republicans argued that the House-passed bill is more extreme than Roe, and would expand abortion access beyond what is already the law.
Vegetable oil prices soar, far outstripping other food inflation
Extreme weather and the war in Ukraine have tightened global supplies of the four most commonly used types of vegetable oil—staple ingredients that are as ubiquitous in home kitchens as they are in restaurants and packaged foods.
Louisiana-based company acquires Indianapolis IT services firm
Indianapolis-based Accelerate Inc., a 27-year-old IT managed services provider, has been acquired by The Purple Guys, the companies announced Tuesday.
U.S. inflation hit 8.3% last month, down slightly from 40-year high
Still, Wednesday’s report contained some cautionary signs that inflation may be becoming more entrenched. Excluding the volatile food and energy categories, so-called core prices jumped 0.6% from March to April—twice the 0.3% rise from February to March.
High inflation leaves food banks struggling to meet needs
Food banks across America say negative economic conditions are intensifying demand for their support at a time when their labor and distribution costs are climbing and donations are slowing.
Kohl’s shareholders reject board nominees pushed by activist that urges sale
The department store said Wednesday that shareholders have voted to re-elect all 13 of its director nominees, according to a preliminary tally at its shareholders’ meeting.
Duke Realty rejects $24B Prologis acquisition bid, deeming it ‘insufficient’
Prologis, one of the world’s largest real estate investment trusts, said it has been trying to acquire Indianapolis-based Duke since November. Duke said in a written statement issued Wednesday that those buyout efforts simply haven’t been good enough.
Drivers bemoan high gasoline prices with no relief in sight
President Joe Biden released oil from the Strategic Petroleum Reserve in November and March, hoping to reduce prices. That helped temporarily, but prices shot back up and have stayed stubbornly high.
NIL expert predicts $50,000 minimum pay for Power 5 players
The increasing dollar amounts available to college athletes through the recent formation of collectives has drawn the attention of the NCAA, which this week released guidance for schools in the hopes of maintaining the original intent of NIL compensation.
Virginia rescinds job offer to former Indiana BMV chief Lacy
A former Indiana official had been set to take a job leading Virginia’s Department of Motor Vehicles, but that plan fell apart Tuesday after a newspaper reported allegations that the official had behaved inappropriately at work.