Home-furnishings producer plans $62M Whitestown distribution expansion
Safavieh is planning a 601,350-square-foot warehouse on 37 acres at Ambrose Property Group’s Indianapolis Logistics Park Northwest that will eventually employ 60 workers.
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Big Car outlines plans for contemporary art museum in ‘Big Tube’ space
The not-for-profit is renovating a 40,000-square-foot former factory near Garfield Park into a center that will also include a performance space, incubator storefronts, art and audio studios and more.
Biden administration awards $325M to upgrade Indiana plants for EV components production
The grants to Cummins and Stellantis are among $1.7 billion in funding the Energy Department announced Thursday morning.
Is inflation still cooling? Thursday’s report on June prices will provide clues.
Optimism is rising among economists, investors and Federal Reserve officials that U.S. inflation is nearly under control, with the latest report on consumer prices expected to show another month of mild increases.
Congress OKs bill overhauling oversight of troubled federal Bureau of Prisons
Sen. Jon Ossoff, D-Ga., and the bill’s two other sponsors, Judiciary Committee Chair Sen. Dick Durbin, D-Ill., and Sen. Mike Braun, R-Ind., launched the Senate Bipartisan Prison Policy Working Group in February 2022 amid turmoil at the Bureau of Prisons.
Federal regulators fine Citigroup $136M for failing to fix internal control issues
The Federal Reserve and the Office of the Comptroller of the Currency said Citigroup had failed to meet its obligations stemming from a 2020 consent order related to the bank’s risk and control issues.
Costco raises annual membership fees for the first time since 2017
The company disclosed the forthcoming 8% increase in the fee to gain entry into its more than 700 warehouses in the U.S. and Canada as part of a monthly sales report Wednesday.
Former state legislator Eberhart sentenced to prison in casino fraud case
Sean Eberhart admitted using his position as a lawmaker “to enrich himself by soliciting and accepting gifts, payments, and other things of value” from Spectacle Entertainment in exchange for “favorable official action.”
Wells, White vie to for attorney general nod at state Democratic convention
Four others will be seeking a lieutenant governor nomination at Saturday’s event.
Toyota investing in EV charging network Ionna
Ionna, based in Durham, North Carolina, plans to install at least 30,000 charge ports in North America by 2030. Other automakers supporting Ionna include BMW, GM, Honda, Hyundai, Kia, Mercedes-Benz and Stellantis.
Developer plans massive Midwest distribution hub for Sephora
The 746,672 square-foot Sephora facility is a build-to-suit project that will occupy the entire acreage assembled by VanTrust for Avon Landing’s second phase.
Microsoft, Apple will not join OpenAI’s board as regulatory scrutiny grows
In January, the Federal Trade Commission said it would look into whether the investments and partnerships between AI companies and Big Tech are stifling true competition.
Indiana sees $1.6B impact from Regional Cities Initiative, study finds
The Indiana Regional Cities Initiative aimed to encourage neighboring communities in Indiana to work together to develop plans focused on “quality of life” that would make Indiana a more attractive place to live, attract and retain skilled workers.
Horizon House chief exec announces retirement
Teresa Wessel has spent the last 14 years at Horizon House, which works to prevent homelessness by offering an array of short-term and long-term services that help individuals secure and maintain housing.
Caitlin Clark leads Angel Reese in race for Rookie of the Year, voters say
Clark and Reese have garnered national attention with record-setting rookie seasons—leading to them being the first rookie duo to make the All-Star team since 2014—so it’s no surprise that they’re the leading candidates for the award.
Target to stop accepting personal checks from shoppers
Check usage has been in decline for decades as Americans have largely switched to paying for their services with credit and debit cards.
NHRA great John Force moved to rehabilitation center
Brownsburg-based John Force Racing said the 16-time NHRA Funny Car champion is still suffering from cognitive and behavioral symptoms, but has been able to converse with family and staff.
Daimler Truck subsidiary to close Plainfield remanufacturing plant
Detroit Diesel Remanufacturing LLC said the closure will affect a total of 80 workers, the first of which are expected to be laid off next month.
Fifth Third Bank to pay $5M to settle auto insurance allegations
Consumer Financial Protection Bureau Director Rohit Chopra said the bank had been “illegally loading up auto loan bills with excessive charges,” with about 1,000 families losing their cars to repossession as a result.
Indiana AG Todd Rokita sues East Chicago over ‘sanctuary city’ policies
Senate Enrolled Act 181, which took effect July 1, permits the attorney general to file a lawsuit against any Indiana college, university or unit of local government that is not enforcing state laws banning sanctuary cities.