Used-car prices slip from dizzying heights but remain high
Inventories of used cars remain tight, but a decline in customer traffic in recent weeks has prompted some dealers to trim prices.
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Some big companies oppose potential tax hikes, but want to profit from infrastructure deal
At least a dozen profitable major U.S. companies paid little or no U.S. income tax in 2020 but are active in industry groups that object to helping fund with taxes the same public projects they want to profit from.
Medicaid growth helps insurer Anthem beat Q2 expectations
The health insurer’s profit dropped as patients who hunkered down last year at the start of the COVID-19 pandemic started seeking care again, but growing enrollment in government-funded programs such as Medicaid and Medicare Advantage helped balance the jump in care use.
Indianapolis-area home builders see biggest June since 2005
So far this year, 5,710 single-family building permits have been filed in the area, up 46% over the first six months of 2020.
Critics take aim at charitable money sitting in donor funds
Criticism has helped drive a Senate bill that would tighten the rules for donor-advised funds and aim to speed donations to charities.
Indiana files appeal in federal pandemic unemployment case
State officials argued in their court filings Monday that a Marion County judge “abused” his discretion last month by ordering Indiana to resume participation in the benefit programs.
Purdue: 60% of students fully vaccinated against COVID-19
The vaccination rate for Purdue students is about twice the rate of individuals ages 16-29 across the state, the school said.
Big infrastructure bill in peril as GOP threatens filibuster
Tensions were rising Tuesday as Republicans prepared to block the vote, mounting a filibuster over what they see as a rushed and misguided process.
Rokita sues firms for dangerous conditions at two Indy apartment complexes
The state is taking aim at the firms for “their respective roles in allowing the Fox Club and Lakeside Pointe apartment complexes in Indianapolis to fall into egregious disrepair.”
Indiana COVID-19 cases hit highest level in two months; hospitalizations rise
The health department reported five new deaths from COVID-19 on Tuesday, raising the cumulative total to 13,530.
Jeff Bezos blasts into space on own rocket: ‘Best day ever!’
The Amazon founder was accompanied by a hand-picked group: his brother, an 18-year-old from the Netherlands and an 82-year-old aviation pioneer from Texas — the youngest and oldest to ever fly in space.
Four companies on verge of settling U.S. opioid lawsuits for $26B
The national settlement is expected to be the biggest single settlement in the complicated universe of litigation over the opioid epidemic in the United States. It won’t end the cases, but it would change them.
Sportsman’s Warehouse snares first Indianapolis-area location
The 112-store chain sells gear for hunting, fishing, boating, camping and other outdoor activities. The Indy-area store will be the its second Indiana location.
IndyCar inks new NBC Sports deal with 13 events set for flagship channel
Jon Miller, president of NBC Sports programming, said the extension was a three-year deal and that NBC Sports is proud of the growth it’s seen since it acquired the entire IndyCar schedule in 2019.
Incentives for multifamily project approved by council committee
The development, called 1202, would feature 105 units on a 1.1-acre parcel on the near-south side, with at least one-fifth of the units reserved for individuals making up to 80% of the area’s median income.
Developers pitch plans for more than 300 new houses in Fishers
The Fishers City Council reviewed two petitions Monday seeking to rezone a total of 167 acres of farmland to make way for two neighborhoods along Florida Road, between 113th Street and Southeastern Parkway.
NIL era brings cautious optimism to college-town businesses
Small business owners in college towns are sorting out just what it means to strike an endorsement deal with athletes who are now free to profit from the use of their name, image and likeness.
Peyton Manning teams up with brother, ESPN for MNF MegaCast
ESPN has finally landed former Indianapolis Colts quarterback Peyton Manning as a “Monday Night Football” commentator. It’s just not in a way anyone expected, and it won’t be for the full season.
NCAA hit hard by pandemic last fiscal year, spent $68M on legal fees
Revenue was down more than 50% over the previous fiscal year, from more than $1.1 billion to just more than $520 million, mostly because the lucrative college basketball tournaments were canceled as the coronavirus hit the United States early in 2020.
Stocks skid as virus fears shake markets; Dow falls 2.1%
Indianapolis-based shopping mall owner Simon Property Group was among the companies hit hard Monday, with its stock falling 5.9%, to $117.19 per share.