McLaren to spend $25M to build IndyCar facility in Whitestown
Company officials said the project will allow Arrow McLaren SP—its IndyCar operation—to run three full-time entries in the IndyCar series in 2023
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USA Gymnastics picks 2008 silver medalists for top posts
Indianapolis-based USA Gymnastics is turning to two of its most-decorated athletes to help guide its women’s elite program.
Shell-Pennzoil inks 5-year extension across Penske portfolio
Roger Penske signed the extension with Shell-Pennzoil on Thursday that covers Team Penske, IndyCar, Indianapolis Motor Speedway and most of Penske’s portfolio.
Gleaners taps former IU athletic director Glass as its new CEO
Fred Glass, who worked as IU’s athletic director from 2009 to 2020 after a long career in law and politics, will become chief executive of Gleaners Food Bank of Indiana on Sept. 30.
U.S. making COVID antiviral drug more available at test sites
Despite a nationwide surge in COVID-19 cases, deaths from the virus have remained largely stable over the past eight weeks.
Pay for CEOs at big public companies rose 17% in 2021 as profits soared
Last year’s leap for median pay of S&P 500 CEOs was the biggest since a 23.9% surge for 2010 compensation packages, according to the data analyzed by Equilar.
Big tech deals keep coming: Broadcom buys VMware for $61B
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.
Boone County officials tout Lilly’s $2.1B manufacturing plan as a ‘game-changer’
Lebanon Mayor Matt Gentry called Eli Lilly’s plans to build two pharmaceutical manufacturing sites “transformational” for his city.
Brahms and Radiohead meet at ISO, thanks to composer Steve Hackman
Audience members at Hilbert Circle Theatre will hear Brahms’ Symphony No. 1, which debuted in 1876, fused with Radiohead’s “OK Computer” album from 1997.
Stage set for Indiana’s global summit on economic issues
The Indiana Economic Development Corp., which focuses on bringing new business to the state, originally planned to host the Indiana Global Economic Summit in 2020 before the pandemic curtailed travel and meetings.
With Indianapolis 500 at full throttle, business is booming again
Locals don’t need studies to reinforce what they already know—this month is revving up to be the best fiscal May since the 100th running of the race in 2016.
Penske ready for 300,000 guests in a full-capacity Indy 500
Roger Penske will at last be able to open the Indianapolis Motor Speedway to a capacity crowd this Sunday for his first true Indianapolis 500 since buying the property in 2020.
Indiana governor eyes ‘inflationary relief,’ not gas tax cut
Indiana Gov. Eric Holcomb said Wednesday he was preparing a plan to potentially tap into the growing state budget surplus to help residents with the national inflation jump.
Congressional Budget Office says inflation to last into 2023
The nonpartisan agency expects the consumer price index to rise 6.1% this year and 3.1% in 2023, above a long-term baseline of 2.3%.
Fed officials signal rates might head to ‘restrictive’ levels
Federal Reserve officials agreed when they met earlier this month that they may have to raise interest rates to levels that would weaken the economy as part of their drive to curb inflation, which is near a four-decade high.
FDA chief struggles to explain slow response on baby formula
The FDA and President Joe Biden face mounting political pressure to explain why they didn’t intervene sooner to head off the supply crisis.
Gainbridge extends deal as presenting sponsor of Indy 500
The Indianapolis 500 will be presented by Gainbridge for the next several years under a contract extension announced Wednesday with the online investment platform.
Indiana Fever fire Stanley as coach after 2-7 start
Marianne Stanley brought a Hall of Fame resume to the Fever bench, but her teams won just 14 games in a little more than two seasons.
Purdue, Rolls-Royce ink $75M deal for testing propulsion tech
Purdue President Mitch Daniels said the partnership “will address some of the greatest technology challenges facing the U.S.” and “ensure long-term national security.”
Lilly to anchor state’s new innovation district with $2.1B in manufacturing facilities
| John Russell and Mickey Shuey
The Indianapolis-based drugmaker said Wednesday the project in Boone County will create up to 500 jobs in central Indiana, along with up to 1,500 temporary construction jobs.
