Indianapolis Airport Authority gets $20 million for projects
The authority said it's the biggest total of grants that it's received, topping $18 million in 2017.
Transportation
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Lime, Bird seeking to capitalize on scooter-mania, sources say
Both Bird and Lime, which have entered dozens of markets this year, including Indianapolis, are seeking hundreds of millions of dollars in new capital, according to sources.
Celadon investors agree to settle class-action suit for $5.5M
The settlement, which is awaiting court approval, would resolve suits brought by several parties over financial-reporting issues that have plagued Celadon for at least four years. The plaintiffs expressed concern that the company would go bankrupt before any recovery could be made.
Rethink 65/70 coalition not fully satisfied with state’s latest rebuild plan
The group says the revised plan for the north-split interchange falls short on increasing connectivity between neighborhoods separated by the interstates, and boosting economic development opportunities.
After backlash, Amazon to boost pay for longtime workers
The company said Wednesday that some adjustments are being made this week, and workers who already made $15 an hour will get more than the $1-an-hour raise promised last week.
Postal Service proposes sizable increase to first-class stamp
If approved by regulators, the increase to the cost of mailing a 1-ounce letter would be the biggest since 1991.
Amazon signs lease for Greenwood project that’s expected to create 1,250 jobs
The e-commerce giant plans to occupy a 615,440-square-foot building on a 75-acre site along Allen Road near Interstate 65.
In boon for farmers, Trump lifting restrictions on ethanol
A senior administration official said Monday that the EPA will publish a rule in coming days to allow high-ethanol blends as part of a package of proposed changes to the ethanol mandate.
Westfield approves $15M downtown road project with INDOT
The Westfield City Council on Monday night approved an agreement with the Indiana Department of Transportation on a construction project that is expected to transform the city’s downtown.
Republic Airline exec: Industry’s pilot shortage has wide-ranging implications
The ongoing pilot shortage has multiple causes and will require multiple solutions, said speakers at the Aerospace & Defense in Indiana breakfast event Thursday.
Amazon pay hike raises stakes for competitors in central Indiana
The retail behemoth will begin paying a minimum wage of $15 per hour in November, but local non-Amazon employers say they have strategies of their own for attracting and retaining workers.
Indiana workers to get boost from Amazon minimum-wage hike
In Indiana, the company operates seven fulfillment or sorting facilities and a Prime Now hub and is considering building a 1,250-worker distribution center in Greenwood.
Republic, union reach tentative labor agreement for flight attendants
The agreement, which still must be ratified by Teamsters Local 135 members, covers about 2,100 Republic flight attendants.
Musk ousted as Tesla chairman in SEC settlement, but will remain CEO
The settlement was reached two days after the SEC sued the billionaire over his tweeted claims to have had the funding and investor support to buy out stockholders at $420 a share.
INDOT says it won’t add traffic lanes to north-split interchange after all
Downtown community groups and neighbors fought the state’s original plan that called for road widening, saying the interstates would encroach even farther into residential areas.
SEC seeks to oust Tesla CEO Musk over go-private tweet
Peter Henning, a law professor and a former SEC lawyer, said it's the first fraud case involving use of social media by the CEO of a public company.
Giant Eagle to acquire 56-store Ricker’s chain
Ricker’s Chairman Jay Ricker told IBJ on Thursday morning that a purchase agreement for his 39-year-old company is in place and the deal is expected to close by the end of the month.
House advances federal aviation bill that calls for minimum seat sizes
Lawmakers abandoned a plan backed by airlines to privatize the nation's air-traffic-control system.
$20M in state incentives targeted to help airport lure international flights
An ongoing effort to attract nonstop flights between Indianapolis and places like Asia, Mexico and Europe is in line for a big boost.
Indiana Uber drivers to receive $100 each from settlement
The settlement, spanning all 50 states and the District of Columbia, is the biggest data-breach payout in history, and marks the most sweeping rebuke by regulators against Uber, which earned a reputation for skirting rules in its push to dominate the ride-hailing market.