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Articles

Q&A: St. Elmo bartender’s creation now found in stores

August 12, 2022 | Jeff Newman

Candace Anastasio’s take on an old-fashioned became a signature drink at St. Elmo Steak House and now is the latest entry in its line of signature retail products.

Kim and Todd Saxton: Successful startups are typically team efforts

August 5, 2022 | Kim Saxton / Special to IBJ and Todd Saxton / Special to IBJ

Regardless of the analogy, a startup team must incorporate diverse talents but with a common set of core values and a passion for the problem being solved and the solution.

Airport moving ahead on $76M parking garage expansion

July 14, 2022 | Mickey Shuey

About 1,000 of the spaces in the new facility at Indianapolis International Airport will be used by car rental companies while the remainder will be designated for daily or hourly parking.

Indiana’s Mom Water could be 1-million-case success story

July 8, 2022 | Dave Lindquist

The drink, flavored water infused with vodka, debuted just 16 months ago. The company operates out of Ferdinand, 15 miles south of Jasper, and the product is manufactured in Indianapolis.

Boone County Chamber of Commerce hires new executive director

July 5, 2022 | Mary Roberts, Inside INdiana Business

The chamber said Joslyn McGriff-Bensley brings more than 15 years of leadership and professional experience to the position, including strategic planning, project management and relationship building.

Fast 25: Lifeboost Coffee LLC

June 24, 2022 | Marc D. Allan

Lifeboost started with direct-to-consumer sales of its signature blend before starting to sell on Amazon. The company now sells light, medium and dark roasts and decaf and has roasters in New York, Virginia, Texas and California to make distribution easier and faster.

UPDATE: Biden calls for 3-month suspension of gasoline, diesel taxes

June 22, 2022 | Associated Press

President Joe Biden’s push faces uphill odds in Congress, where many lawmakers, including some in his own party, have expressed reservations. Even many economists view the idea of a gas tax holiday with skepticism.

Oil refineries are making a fortune, but that’s not stopping them from closing

June 21, 2022 | The Washington Post

A White House desperate to bring down gas prices is having little success persuading refinery owners to expand operations, and more closures are imminent.

Biden says he’s considering gasoline tax holiday

June 20, 2022 | Associated Press

The administration is increasingly looking for ways to spare Americans from higher prices at the pump, which soared last year and surged even further after Russia invaded Ukraine in February.

Biden tells oil refiners to produce more gas, take fewer profits

June 15, 2022 | Associated Press

The American Petroleum Institute, which represents the industry, said in a statement that capacity has been diminished as the Biden administration has sought to move away from fossil fuels as part of its climate change agenda.

Indy 500 waves green flag on sustainability with lofty goals

May 28, 2022 | Associated Press

IndyCar’s latest push to go green includes T-shirts made from recycled plastic bottles. The shirts are the centerpiece of “The Penske Initiative,” which hopes to hold carbon-neutral races by 2050.

IndyCar to use 100% renewable fuel beginning in 2023

May 27, 2022 | Associated Press

Shell, which recently signed a five-year extension to be the fuel sponsor for the open-wheel series, announced plans Friday to switch to a low-carbon fuel in 2023.

Big tech deals keep coming: Broadcom buys VMware for $61B

May 26, 2022 | Associated Press

With the perceived value of tech companies on the decline, at least for now, more buyouts could be on the way with targeted companies appearing relatively cheap.

Mark Montieth: Lead-up to 1972 Pacers’ championship was a slog

May 20, 2022 | Mark Montieth

The Indiana Pacers’ 1972 championship, clinched on May 20 in Uniondale, New York, was the second of the three captured by the franchise in the ABA, bookended by those in 1970 and 1973.

Penske focuses diversity efforts on hiring, contractors, kids

May 20, 2022 | Mickey Shuey

Penske Entertainment is nearly two years into its formal effort to promote diversity at the Speedway and in open-wheel racing. Experts and advocates say firm has made significant progress, but there’s still much more to do.

Vegetable oil prices soar, far outstripping other food inflation

May 11, 2022 | The Washington Post

Extreme weather and the war in Ukraine have tightened global supplies of the four most commonly used types of vegetable oil—staple ingredients that are as ubiquitous in home kitchens as they are in restaurants and packaged foods.

Formula One, fueled by Netflix and ESPN, revs up courtship of U.S. fans

May 9, 2022 | The Washington Post

In the view of Mark Miles, president and CEO of Penske Entertainment Corp., which owns the IndyCar series and Indianapolis Motor Speedway, F1’s American expansion is a boon for all forms of motorsports.

Indianapolis-based Calumet gets new CEO as part of leadership reshuffling

May 5, 2022 | Susan Orr

Todd Borgmann, Calumet’s former CFO, was promoted to CEO effective this week. The move, and several other executive-level changes, were triggered by the May 1 retirement of board chairman Fred Fehsenfeld.

Biden waiving ethanol rule in bid to lower gasoline prices

April 12, 2022 | Associated Press

Administration officials said the EPA has begun analyzing the “emergency” step of allowing more E15 gasoline sales for the summer and determined it is not likely to have significant on-the-ground air quality impacts.

Marian University teams with national player to launch preparatory school

March 22, 2022 | IBJ Staff

Called Marian University Preparatory School, or MU Prep, the school initially will be open to Indiana students entering grades 6-9 in the 2022-23 academic year.

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