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U.S. inflation hit 8.3% last month, down slightly from 40-year high

May 11, 2022 | Associated Press

Still, Wednesday’s report contained some cautionary signs that inflation may be becoming more entrenched. Excluding the volatile food and energy categories, so-called core prices jumped 0.6% from March to April—twice the 0.3% rise from February to March.

High inflation leaves food banks struggling to meet needs

May 11, 2022 | Associated Press

Food banks across America say negative economic conditions are intensifying demand for their support at a time when their labor and distribution costs are climbing and donations are slowing.

Kohl’s shareholders reject board nominees pushed by activist that urges sale

May 11, 2022 | Associated Press

The department store said Wednesday that shareholders have voted to re-elect all 13 of its director nominees, according to a preliminary tally at its shareholders’ meeting.

Letters: Arguments against Willows project are not fact-based

May 11, 2022

I have spent time educating myself on the details of the proposed project and am not only satisfied but convinced it will be a good opportunity for our community.

Duke Realty rejects $24B Prologis acquisition bid, deeming it ‘insufficient’

May 11, 2022 | IBJ Staff

Prologis, one of the world’s largest real estate investment trusts, said it has been trying to acquire Indianapolis-based Duke since November. Duke said in a written statement issued Wednesday that those buyout efforts simply haven’t been good enough.

Drivers bemoan high gasoline prices with no relief in sight

May 11, 2022 | Associated Press

President Joe Biden released oil from the Strategic Petroleum Reserve in November and March, hoping to reduce prices. That helped temporarily, but prices shot back up and have stayed stubbornly high.

NIL expert predicts $50,000 minimum pay for Power 5 players

May 10, 2022 | Associated Press

The increasing dollar amounts available to college athletes through the recent formation of collectives has drawn the attention of the NCAA, which this week released guidance for schools in the hopes of maintaining the original intent of NIL compensation.

Virginia rescinds job offer to former Indiana BMV chief Lacy

May 10, 2022 | Associated Press

A former Indiana official had been set to take a job leading Virginia’s Department of Motor Vehicles, but that plan fell apart Tuesday after a newspaper reported allegations that the official had behaved inappropriately at work.

TSA expanding use of screeners to help at busy airports

May 10, 2022 | Associated Press

The chief of the Transportation Security Administration said Tuesday that his agency has quadrupled the number of employees who could bolster screening operations at airports that become too crowded this summer.

Pandemic gets tougher to track as COVID testing plunges

May 10, 2022 | Associated Press

Experts say testing has dropped by 70% to 90% worldwide from the first quarter to the second quarter this year—the opposite of what they say should be happening with new omicron variants on the rise in places such as the United States and South Africa.

‘ManningCast’ comes to golf as PGA gets alternate telecast

May 10, 2022 | Associated Press

ESPN is collaborating with Peyton Manning’s Omaha Productions for the alternate telecast during the PGA Championship.

Parents hunting for baby formula as shortage spans U.S.

May 10, 2022 | Associated Press

Months of spot shortages at pharmacies and supermarkets have been exacerbated by the recall at Abbott, which was forced to close its largest U.S. formula manufacturing plant in February due to contamination concerns.

Apartments added to hotel proposal on south side of downtown

May 10, 2022 | Mickey Shuey

The development team behind a hotel planned for a parcel across from Shapiro’s Delicatessen in downtown Indianapolis is adding about 60 apartments to the mix, as well as a rooftop restaurant.

Owner of fieldhouse in Grand Park nears resolution with developer of $42M youth sports park in Auburn

May 10, 2022 | Alex Brown, Inside INdiana Business and IBJ Staff

Grand Park Fieldhouse’s lawsuit alleges its former president of operations used confidential information from his time in Westfield in his new role as a principal with the developer of a planned sports park in northeast Indiana.

IndyGo partners with Via Transportation on accessible ride-share pilot

May 10, 2022 | Leslie Bonilla Muñiz

New York City-based Via Transportation Inc., which last year pulled out of the ride-hailing industry to focus on public transportation services, will lead the program.

Local developer plans new headquarters, restaurant in Broad Ripple

May 10, 2022 | Mickey Shuey

Avenue Development plans to construct a four-story office structure in the middle of the 6500 block of Cornell Avenue, directly west of the Monon Trail. The building would include a first-floor restaurant from a well-known local operator.

UIndy’s Robert Manuel named president of DePaul University

May 10, 2022 | Lesley Weidenbener

DePaul University’s board unanimously voted to select Manuel, 54, at a meeting on April 21 but the decision was not announced until Tuesday. The school said it picked Manuel after “an extensive national search.”

Prologis offers to acquire Duke Realty for nearly $24 billion

May 10, 2022 | IBJ Staff

In a public letter, Prologis CEO and co-founder Hamid Moghadam said his San Francisco-based company has been trying to acquire Indianapolis-based Duke quietly without luck since late November and decided to make the effort public.

Health Care Heroes 2022

Riley Children’s Health CareSource Hopebridge Autism Therapy Centers Dr. Don Brown and LifeOmic Indiana University Health Hospital at Home Philip Low On Target Laboratories Dr. Lawrence Einhorn Indiana University Distinguished Professor Livestrong Foundation Professor of Oncology and Professor of Medicine, IU School of Medicine Member, Indiana University Melvin and Bren Simon Comprehensive Cancer Center Dr. […]

Indiana Sports Corp. leader Vaughn leaving job for private sector

May 10, 2022 | IBJ Staff

Ryan Vaughn, who has led the Indiana Sports Corp. since 2014, plans to resign from his role as president on July 1. There has been speculation that Vaughn might someday run for mayor.

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May 1-7, 2026

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2026 Innovation Issue: With coding academies gone, what comes next?

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Susan Orr

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Lesley Weidenbener
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