Fed trims rate by quarter point, signals potential for more cuts
The rate reduction was the first since December 2008, when the Fed dropped its benchmark effectively to zero as it battled recession and financial crisis.
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U.S. to set up plan allowing prescription meds from Canada
The Trump administration said Wednesday it will create a pathway allowing Americans to legally and safely import lower-cost prescription drugs from Canada for the first time, reversing years of opposition from federal health authorities.
Local racing exec named president of vintage sportscar group
Matt Breeden was chosen to oversee the SVRA’s day-to-day operations, including finances, event management and member relations.
Indianapolis woman gets prison time for identity theft, tax fraud
After executing a search warrant at the woman’s home, investigators for the IRS found 100 debit cards in more than 80 different names.
Indy Habitat for Humanity acquires Hamilton County affiliate
The consolidated organization is now serving Hendricks, Hancock, Marion and Hamilton counties.
Simon Property Group tops expectations with 2Q performance
The Indianapolis-based real estate investment trust saw profit shrink, but it beat Wall Street predictions with higher-than-expected funds from operations, a key industry metric.
UPDATE: Children’s Museum to demolish former apartment, Salvation Army buildings
A plan to demolish the 91-year-old Drake apartment building and former divisional Salvation Army headquarters will require zoning approval, the city said Wednesday.
New vehicle models rolling out at Subaru’s Indiana factory
The Lafayette factory now has about 5,700 workers and, in April, produced its 4 millionth vehicle since opening in 1989.
Wahlburgers announces first Indianapolis-area location will be in Carmel
Speculation about where the first local Wahlburgers would open has been circulating since last August, when IBJ first reported that Wahlburgers, the restaurant concept by actors Mark and Donnie Wahlberg and their brother Paul, was planning to open an Indianapolis-area location.
Anvl moving to Fishers, planning to add 41 employees
Anvl, which markets safety software to help reduce and prevent injuries for front-line workers in hazardous environments, was launched out of Indianapolis-based venture studio High Alpha in October.
Verizon rolls out 5G mobile service in parts of Indianapolis
Verizon, which rolled out 5G home internet service in parts of Indianapolis in October, is now offering 5G mobile service in the market.
Federal Reserve poised to cut rates for first time in decade
Under Chairman Jerome Powell, the Fed has faced pressure to ease credit since it raised its key rate in December for the fourth time in 2018 and hinted that additional rate increases were likely this year.
Health chief says Trump working on prescription import plan
The Trump administration is working on a plan that would allow Americans to import lower-priced prescription drugs from Canada, Health and Human Services Secretary Alex Azar said Tuesday.
Ratio merging with Denver-based architectural firm
Indianapolis-based Ratio Architects Inc., the city’s largest architectural firm, announced Tuesday that it was merging with Denver-based Humphries Poli Architects.
Ford Motor unit acquires DoubleMap successor Journey Holding
Journey Holding Corp.—formed this year through the merger of fast-growing Indianapolis-based tech company DoubleMap Inc. and Salt Lake City-based Ride Systems LLC—is being acquired by a transit-systems technology unit of Ford Motor Co.
Richer U.S. households fueling hot job sector: ‘wealth work’
In an era that has witnessed a steady loss of manufacturing jobs, wealth positions hold one major distinct advantage: Because these jobs require personal interaction, they are immune to the threat of automation and outsourcing.
U.S. consumer confidence rebounds sharply in July
The bounce back from last month’s drop was much stronger than economists expected.
Cummins falls short of quarterly sales, profit forecasts
Shares of the Columbus-based engine maker dropped in early trading after second quarter results missed analyst expectations, even though sales and profit were up over a year ago.
Port authority to receive $289,000 for Nickel Plate track removal
Salt Lake City-based A&K Railroad Materials Inc. submitted the winning bid out of five bidders who responded to a request for proposals to remove 22 miles of track from Indianapolis to Noblesville and sell the materials for scrap.
Owners of McCordsville winery buy downtown Indianapolis buildings
The Cook family is holding its cards close to its vest, saying only that it’s “excited to expand operations of (its) businesses to the downtown Indianapolis territory.”