Business, Economy and Consumer Affairs

The 44 remaining Marsh stores will go to auction Monday, June 12, as the Indiana company’s bankruptcy process continues.

The Fishers-based grocery chain received multiple bids for its assets as of Wednesday’s deadline, triggering the auction.

The winning buyer may choose to keep some Marsh stores open, convert them to another chain’s brand, or close the stores entirely.

The Indiana Chamber of Commerce’s latest report card on the state economy’s race to the top shows some progress. But a lot of obstacles remain.

The Vision 2025 Plan is basically the Chamber’s policy platform. Chamber president Kevin Brinegar says it lays out the ways Indiana’s economy should succeed.

“We believe, if we can be best of class in each of these areas, that Indiana will have the best chance for competitiveness and prosperity in the 21st-century global economy,” he says.

Indiana may not join the next wave of states that legalize medical or recreational marijuana, but it doesn’t mean Hoosiers can’t partake in the booming business.

That was the message from national Marijuana Business Association founder Dave Rheins at a forum in Indianapolis Tuesday night.

In a cigar smoke-filled room at a downtown social club, he told a small crowd other states’ up-start marijuana sectors need lawyers, marketers, investors and agritech experts to get involved.

A Purdue University professor is getting nearly half a million dollars from the USDA to study how food policies creating new labels and certifications can affect prices and consumer choice.

The research received $483,000 from the USDA’s National Institute of Food and Agriculture this month. It seeks to answer questions about things like GMO label requirements.

One day, your internet use may not be limited by 4G speeds. As early as 2018, many in the United States will be able to use 5G enabled devices.

Just a few blocks away from the roar of the Speedway, there’s a tiny gray house.

Unlike its neighbors, it’s not receiving an internet connection from wires running inside. Its internet comes from a 5G radio.

This is one of Verizon’s prototypes – the only one in Indiana. The company is partnering with Ericcson and Intel to demonstrate 5G wireless internet.

As Indiana farmers hurry through planting season – the corn crop is nearly three-quarters planted as of Monday, with soybeans nearly half done – they’re also watching big changes at the USDA.

The department is reorganizing its trade and rural development programs, while the White House takes aim at those issues in its own way.

Six months after President Donald Trump intervened in Carrier’s planned Indianapolis layoffs, the company is releasing the final number of jobs it still plans to cut.

The Department of Workforce Development got the appliance-maker’s official notification of the layoffs Monday, in a letter dated May 19.

It says 632 workers will lose their jobs at Carrier’s Indianapolis fan coil factory between late July and the end of the year.

Indiana Unemployment Rate Lowest Since Early 2001

May 19, 2017

The unemployment rate declined in April for the second consecutive month, down 0.3 of a percent to 3.6 percent. That’s the biggest single month drop since late 2010. And 3.6 percent is the lowest rate since February 2001.

But the Hoosier private sector lost 9,300 jobs last month. That’s the largest single month decline since June 2009. The losses were led by the manufacturing and private educational and health services sectors. And the private sector has now shed jobs four of the last five months.

Friday marked the official end to Indianapolis-based Anthem’s bid to merge with Cigna, and the second time in recent months a major health insurance merger has failed.

It underscores the uphill regulatory battle that big health insurers face in trying to join forces.

Anti-trust officials blocked mergers between Humana and Aetna, and Anthem and Cigna this year. Those four have something in common: they’re among their industry’s biggest, top-earning companies.

The Indiana-based Marsh grocery store chain filed for bankruptcy Thursday, triggering a process where it could be bought out, preserve more profitable locations, or close entirely.

The 44 remaining Marsh stores in Indiana and Ohio could close in 60 days if the company can’t find a solution. Marsh already closed 21 other low-earning locations and sold its pharmacy business this year.

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