Joe Hogsett sails to re-election as Indianapolis mayor
The 62-year-old former federal prosecutor had a huge lead over Republican state Sen. Jim Merritt and Libertarian Doug McNaughton in the election on Tuesday.
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Inside the blockbuster IMS, IndyCar sale
Tony George turned to racing legend Roger Penske after deciding he was uneasy striking a deal with media giant Liberty Media, sources said.
Source: White House finds Pelosi drug plan ‘unworkable’
President Trump is instead backing a bipartisan bill that would for the first time limit what seniors have to pay out of their own pockets for medications.
Indianapolis Motor Speedway to host high-speed autonomous vehicle race
The Indy Autonomous Challenge will be a five-round competition that features a $1 million prize.
Software startup Costello acquired by fast-growing Atlanta firm
SalesLoft plans to maintain Costello’s Indianapolis office—albeit with new branding—and keep all 11 of its employees.
Voters deciding Indiana mayoral races, fate of new casino
Voters across Indiana are casting the final ballots to decide who will fill dozens of mayoral offices, with Republicans and Democrats wrapping up competitive campaigns in several cities.
Arbor Homes expands into Louisville market with acquisition
The deal marks Arbor’s first entry into a territory outside of central Indiana since it was founded in 1994. Arbor is the Indianapolis area’s most active home builder.
As McDonald’s CEO learned, workplace romance can be perilous
Increasingly, U.S. companies are adopting policies addressing workplace romances, a trend that began well before the #MeToo movement galvanized a national conversation surrounding sexual misconduct.
In first major project since Waterside exit, Ambrose plans logistics center campus in Mount Comfort
The Indianapolis-based firm on Tuesday broke ground on a $78 million, 508,104-square-foot building—the first of four planned structures as it shifts focus to industrial development.
Schools, coaches more willing to fight NCAA allegations
When schools run afoul the Indianapolis-based NCAA, they no longer blindly accept whatever punishment is meted out. Even those that suggest or levy self-punishments often close ranks, hire outside counsel and vow to fight.
Gambling firms see $7B-$8B sports betting market by 2025
Participants at the forum cautioned that while the industry is growing quickly, the high cost of acquiring customers and promoting a new business could lead to some current operators failing.
Trump administration eases Obama-era rules on coal pollution
Monday’s change would loosen some of the requirements for cleaning up the waste streams from coal-fired power plants and give utilities another two years to comply with some of the rules.
Student: CVS workers rejected Puerto Rico ID, asked for visa
CVS apologized and said it was investigating after a Purdue University engineering student was denied the purchase of over-the-counter cold medicine.
Major stock indexes climb to record highs
The Dow Jones industrial average returned to a record on Monday, joining other market gauges at all-time highs, as the stock market’s rally carried into a fifth week.
Tech academy Kenzie secures $100M for student tuition financing
Indianapolis-based Kenzie Academy said the financing will help it offer programs across the country. The financing is backed by San Francisco-based Community Investment Management, an institutional impact investment manager.
Mike Lopresti: Emotion mixes with excitement as iconic track changes hands
Once the Hulman-George clan decided it was time to sell the family keepsake, could you think of anyone better? Anyone at all? Roger Penske has the magic name and the money and the expertise and credibility and the track record—both on and off the track.
Flat12 Bierwerks changing its name under new ownership
The branding change comes 11 months after the 7-year-old brewery was acquired by Indianapolis-based Books & Brews.
Fraudster Tim Durham wins hearing on whether lawyer’s $1M fee created conflict
Fair Finance fraud felon Tim Durham will get a chance to grill his former trial attorney and call more than a dozen witnesses during an evidentiary hearing into whether he received proper representation before he was sentenced to 50 years in federal prison.
Penske says Formula One, 24-hour race could be in IMS future, but management change is not
Roger Penske—whose Penske Corp. is buying Hulman & Co. and its racing operations—said he’d also like to bring a third car manufacturer to IndyCar and maintain IMS’s relationship with NASCAR.
Triumph motorcycle dealership to open on Sun King’s downtown campus
The brewery and dealership are hoping they’ll benefit from each other’s main customer bases.