Art Van to close furniture stores in at least five states as part of liquidation
The 61-year-old retailer operates in nine states under various brands. Stores in Michigan, Illinois, Indiana, Missouri and Ohio are expected to close.
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Former UAW President Gary Jones charged with corruption
Former UAW President Gary Jones is accused of conspiring with others at the union to embezzle more than $1 million. The court filing against Jones describes a scheme to pocket cash and enjoy luxuries, including $13,000 in cigars.
Lawmakers continue fight over landlord-tenant legislation
Under a change made Thursday, a controversial provision to preempt local ordinances that deal with landlord-tenant rights would take effect immediately instead of July 1.
Calumet Specialty Products CEO set to leave company
Calumet CEO Tim Go, who has spearheaded turnaround efforts at the Indianapolis-based oil refiner and maker of specialty petroleum products, will leave his post at the end of May.
Clay Terrace owner planning to add hotel, apartments, office space to property
Washington Prime Group Inc. has filed a request with the city of Carmel to rezone the 577,614-square-foot shopping center at West 146th Street and U.S. 31 to allow for a variety of new uses.
Local tourism, convention officials prepare for impact from coronavirus
Officials say no events have been canceled locally, but groups—including the NCAA and Visit Indy—are watching the news and weighing their options.
Legislature proves it’s unafraid to meddle in Indianapolis affairs
Just in the past month or so, lawmakers have debated proposals to prohibit cities from regulating landlord-tenant relations, allow the attorney general to step in when a local prosecutor decides not to pursue a case, and cut funding to IndyGo—which might stop construction of future bus rapid-transit lines.
Indiana releases A-F grades for schools, districts in quiet rollout
Without an exemption approved last month, most schools would have received a D or an F. That would have affected teacher’s evaluations, and therefore pay, and put many schools on the path to state intervention.
Mortgage brokers hiring like mad to handle demand as rates plunge
Executives at four of the nation’s 15 biggest mortgage lenders, already gearing up for a busy 2020, anticipate hiring thousands of employees this year to keep up with what they expect to be a flood of demand.
GM planning 13 electric vehicles as it tries to run with Tesla
General Motors touted an exclusive new battery technology that could propel some of the vehicles as far as 400 miles on a single charge as it tries to capture electric vehicle enthusiasm.
Fed survey finds coronavirus affecting parts of U.S. economy
The Federal Reserve’s latest nationwide survey of business conditions has found that the coronavirus outbreak has begun to affect tourism and disrupt manufacturing chains in parts of the United States.
IPL gets OK to spend $1.2B on grid upgrade, setting stage for seven years of rate increases
IPL said a typical household customer would likely pay an extra $1.50 a month in the first year. That monthly amount would increase by $1.50 each year, or by a total of $10.50 a month by the seventh year.
U.S. markets post big gains as Biden’s rebound offers coronavirus respite
U.S. stock markets surged Wednesday after Joe Biden’s Super Tuesday performance made a victory by Sen. Bernie Sanders less likely. Health care stocks soared.
Gannett names USA Today regional editor to lead Indianapolis Star newsroom
Katrice Hardy will become the first African-American and first woman to hold the title of executive editor at The Indianapolis Star.
Bloomington-based sub shop closing Indianapolis location
The Indianapolis location of Dagwood’s Deli & Sub Shop, which opened in 2016, is set to close next week.
Anthem shares surge as stock market tries to claw back from recent losses
Health care stocks led the market’s spurt Wednesday after a strong performance by Joe Biden on Super Tuesday. Among the biggest gainers was Indianapolis-based health insurer Anthem Inc., with a stock surge of 13.4%.
Vietnam buying $3 billion in U.S. farm goods to ease Trump tariff threats
The agricultural shopping spree is part of a campaign to address complaints about the trade surplus and difficulties U.S. companies face in accessing Vietnamese markets.
Super Tuesday aftermath: Biden revitalized; Bloomberg out; Warren assessing path
A resurgent Joe Biden scored sweeping victories across the country with the backing of a diverse coalition, but progressive rival Bernie Sanders seized Super Tuesday’s biggest prize, California. Meanwhile, former New York City Mayor Mike Bloomberg called it quits.
Virus hammers business travel as wary companies nix trips
The cancellations and travel restrictions are a major blow to business travel, which makes up around 26% of the total travel spending. The Global Business Travel Association estimates the virus is costing the business travel industry $47 billion per month.
UPDATE: Deal reached on bipartisan $8.3B bill to battle coronavirus
The legislation came together unusually quickly, a rarity in a deeply polarized Washington. It triples the $2.5 billion plan unveiled by President Donald Trump just last week.