IU Simon Cancer Center lands $13.8M grant, comprehensive cancer center designation
The cancer center, opened in 2008, is now one of just 51 “comprehensive cancer centers” in the nation and the only one in Indiana.
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Newspaper giants Gatehouse, Gannett likely to seek cost savings after merger
Efficiencies wrought by the merger might result in publications that rely less on local reporters and more on USA Today-type stories produced or edited remotely and published in dozens of the company’s publications.
Treasury Department designates China a ‘currency manipulator’
The United States and China traded blows in an unrestrained economic conflict Monday that sent stock markets plunging and threatened to inflict significant damage on a weakening global economy.
Brebeuf appealing archdiocese decision to no longer recognize school as Catholic
A Jesuit high school that the Indianapolis Archdiocese no longer recognizes as Catholic because it refused to fire a teacher in a same-sex marriage said it is appealing that decision to the Vatican.
Stocks suffer worst drop of the year after China counters tariffs with cheaper currency
Major stock indexes dropped dramatically on Wall Street on Monday, their worst loss of the year, after China countered President Donald Trump’s latest tariff threat by letting its currency weaken to the lowest level in more than 10 years.
GateHouse buying Indianapolis Star parent Gannett for $1.4B
Two of the country’s largest newspaper companies have agreed to combine in the latest media deal driven by the industry’s struggles with a decline in printed newspaper sales.
Gen Con draws nearly 70,000 to Indianapolis, event officials say
The event, which has been hosted by the city since 2003, broke its records for exhibitors, total ticketed events, and for sales of four-day and Sunday badges.
Economic diversity index puts Pennsylvania first, Indiana next to last
Bloomberg analyzed the contribution to gross domestic product by industry and government in all 50 states to create the diversity index. Indiana’s GDP is most dependent on manufacturing and least dependent on government.
Solar co-op seeks participants in Hamilton County
A Washington, D.C.-based not-for-profit group has launched a co-op for residents and businesses in Hamilton County who want to install solar panels at a group rate.
U.S. stock indexes slide as China’s currency hits 11-year low
U.S. stocks nosedived in morning trading Monday as China’s currency fell sharply and stoked fears that the trade war between the world’s two largest economies would continue escalating.
Brazil considers dropping barriers to U.S. ethanol
A biofuel deal between the two nations would come as a relief for the U.S. ethanol industry, which has been beset by a supply glut and the weakest margins in more than 15 years.
Steak n Shake closures top 100 in 2019 amid slowing customer traffic
Steak n Shake classified 103 of this year’s closures as “temporary,” and said it plans to reopen the stores under its new franchise partnership program.
IBJ Podcast: Profitability for Blue Indy still ‘a few years away’
Based on a service that had tens of thousands of subscribers in Paris, the electric-car-sharing company predicted that by 2020 it would be profitable and have at least 15,000 members, 200 charging stations, and 500 electric cars on the road. Its latest results aren’t at all close.
Local charter school for troubled youth closes days before school starts
Marion Academy, which enrolled about 120 students in grades 6 to 12 last year, was created for students who have been in the juvenile justice system, were expelled or were at-risk of expulsion.
Indiana casinos looking for jump on Midwest sports betting
Indiana casinos are racing ahead with preparations to launch legalized sports betting in early September, looking to seize an advantage over competitors in Chicago and other nearby large markets where such wagers aren’t yet allowed.
Developers, investors race to capitalize on ‘opportunity zones’ tax break
The federal “opportunity zones” initiative, designed to spur investment in low-income communities nationwide, is still in its early stages—but it’s already grabbed the attention of local developers and investors. Created as part of the federal tax legislation known as the Tax Cuts and Jobs Act of 2017, the initiative offers substantial tax breaks to those […]
Jonathan Brooks’ Beholder restaurant has had a tough year
Business has been slow to build at Beholder, which isn’t yet consistently profitable and has had to cut staffing to the bone.
Lilly Endowment’s millions giving groups long-term footing
The Lilly Endowment awarded millions of dollars over the last three years to help several central Indiana human service agencies start endowments of their own.
Four years in, Blue Indy car-sharing service still stuck in the red
Blue Indy has yet to see a money-making year, and the company’s top Indianapolis official says he can’t predict when that will happen.
City to repurpose some public golf courses
Indy Parks is grappling with the future of its 13 courses based on declining revenue and interest, and millions of dollars in eventual facility upgrades.