Cummins president to retire after 40-year career with company
The retirement of President and Chief Operating Officer Rich Freeland will spark several executive-level promotions at the Indiana-based manufacturer.
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Federal investigators seek student records, spending details at Indiana virtual schools
Investigators want to know who got paid with the millions of public funds that flowed to Indiana Virtual School and Indiana Virtual Pathways Academy.
Trump acknowledges China policies could mean U.S. economic pain
President Donald Trump said Tuesday his aggressive China trade policies might mean economic pain for Americans but insisted they’re needed for more important long-term benefits.
Eleven Fifty Academy moving headquarters to downtown Indianapolis
The academy plans to spend $5 million to move its headquarters from Fishers to Indianapolis, officials for the 5-year-old coding school announced Tuesday.
Trump confirms he’s considering temporary payroll tax cut
The White House has, in recent days, sought to exude confidence about the economy’s strength while at the same time hunting for ways to bolster business and consumer confidence.
Elanco stock sinks sharply after it announces $7.6B deal to acquire Bayer unit
Investors appeared to be nervous over the rich price of the deal and the amount of debt that Elanco will take on to finance it.
Kimpton hotel project gets green light for big addition, rooftop bar
Construction of a ritzy hotel in one of downtown’s oldest towers is expected to start by the end of the year, now that the property’s owner has received approvals for changes to the building from historic preservation officials.
Two Indiana virtual schools ask for more money, essentially shut down
The attorney for two scandal-plagued virtual charter schools appeared before an authorizing board Monday night and described the schools as effectively closed.
Department stores making room for used fashion as resale becomes mainstream
The moves mark the most dramatic evidence of how resale is becoming so mainstream that traditional sellers can no longer ignore it.
Utility seeks to charge Indiana customers for coal ash removal
Although the petition doesn’t say how much the utility will seek from customers, a Vectren spokeswoman said the project will cost $164 million.
Elanco says it’s buying Bayer division for $7.6 billion
The purchase would swell Elanco from the world’s fourth-largest animal health player to the second-largest, behind only New Jersey-based Zoetis.
Brand-name drug prices rising at slower pace, lower amounts
After years of frequent list price hikes, many drugmakers are showing some restraint, according to the analysis of drug prices.
Teachers give Holcomb’s commission ideas for increasing pay
The Next Level Teacher Compensation Commission is tasked with conducting research, receiving feedback and providing a report to Gov. Eric Holcomb and state lawmakers before the 2021 legislative session.
Top U.S. CEOs rethink meaning of shareholder value
The Business Roundtable, a group that represents the most powerful CEOs in America, has released new principles on the role of a corporation that imply a foundational shift.
Carmel City Council considers proposal to regulate parade seat-saving
The ordinance aims to control a longtime city tradition that has grown out of hand, city councilors said.
Central Indiana home builders snap 7-month slump with big July
It was the most-active July for single-family construction permit filings since 2006, when 746 permits were filed during the month.
Global gas manufacturer seeks $2M tax break on $38.3M project
An affiliate of Germany-based Messer Group wants to build a new facility on the south side of Indianapolis for making atmospheric gases for health care providers, food processors, and glass and metal fabricators.
IU approves new art school based on modernist’s unbuilt design
The new home of Indiana University’s art school in Bloomington will be modeled after an unbuilt fraternity house a famed modernist architect designed in the 1950s.
Caito Foods to close Fresh Kitchen operations, eliminate 53 workers
Produce company Caito Foods LLC is set to shut down its Fresh Kitchen operations in Indianapolis, less than three years after opening the $32 million facility.
Department of Revenue ready to launch new online tax portal
The first phase in the rollout of the online system will allow corporations, not-for-profits and other businesses to register for e-services, view tax documents, file and amend tax returns and pay taxes.