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Articles

Key inflation gauge slowed to still-high 6.3% over past year

May 27, 2022 | Associated Press

High inflation appears to be forcing consumers, on average, to save less. The savings rate fell to 4.4% last month, the lowest level since 2008.

IndyCar, teams look at solutions for labor shortage in pits

May 26, 2022 | Associated Press

The American labor shortage that has hit restaurants, factories and other industries also is becoming a concern in Gasoline Alley, where crew members and engineers are in short supply.

Stage set for Indiana’s global summit on economic issues

May 26, 2022 | Mickey Shuey

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.

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With Indianapolis 500 at full throttle, business is booming again

May 25, 2022 | Associated Press

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.

NFL Scouting Combine staying in Indianapolis through 2024

May 24, 2022 | Mickey Shuey

Indianapolis, which has hosted the event since 1987, beat out competing bids from Los Angeles and Dallas.

McDonald’s selling all 850 of its restaurants in Russia

May 19, 2022 | Associated Press

Last year, McDonald’s Russian operations contributed 9% of the company’s total annual sales, or around $2 billion.

Retail sales rise 0.9% as consumers show resilience

May 17, 2022 | Associated Press

Consumers are providing critical support to the economy even after a year of seeing prices spiral higher for gas, food, rent, and other necessities.

Memory bank: The latest restaurant innovations on display

May 13, 2022

Pictured are gas cooking appliances that were on display during the Indiana Restaurant Association’s 13th annual convention and trade show May 7-9, 1946, at the Murat Temple in Indianapolis. First known as the Indiana Hotel Association, the organization became the Indiana Restaurant Association in 1933. It rebranded as the Indianapolis Restaurant and Lodging Association 80 […]

Indy hosts summer-long NBA 2K League esports season

May 13, 2022 | Mickey Shuey

The league wants to draw fans to its studio inside Pan Am Pavilion to watch the games and engage with players, whose teams are mostly associated with NBA franchises.

Senate confirms Powell for second term as Federal Reserve chief

May 12, 2022 | Associated Press

The 80-19 vote reflected broad support in Congress for the Fed’s drive to combat surging prices through a series of sharp interest rate hikes that could extend well into next year. The Fed’s goal is to slow borrowing and spending enough to ease the inflation pressures.

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.

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.

Indy Eleven among 18 businesses interested in owning or operating Grand Park

May 6, 2022 | Daniel Bradley

Also among the potential bidders was Ripken Baseball LLC, which operates youth baseball facilities throughout the United States, including the well-known Ripken Experience complex in Myrtle Beach, South Carolina.

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U.S. added 428,000 jobs in April despite surging inflation

May 6, 2022 | Associated Press

With many industries slowed by labor shortages, companies have been jacking up wages to try to attract job applicants and retain their existing employees. Even so, pay raises haven’t kept pace with the spike in consumer prices.

Renovation to breathe new life into historic downtown Fishers buildings

May 5, 2022 | Daniel Bradley

A pair of historic buildings along 116th Street near Nickel Plate Station are being saved, but that won’t be the case for two other old buildings in the same block that were determined to be “beyond repair.”

IBJ Podcast: The ‘surreal’ story behind filming supernatural thriller in West Baden

May 2, 2022

Host Mason King talks with Cook Group President Pete Yonkman and Pigasus Pictures CEO Zack Spicer about making a movie at—and about—the West Baden Hotel and why Cook Group execs got involved.

Family-owned company keeps party going for 101 years

April 30, 2022 | Carson Gerber, Kokomo Tribune

Kuepper Favor Co. in Peru offers party hats, foil tiaras, blowout horns, bouncy balls, plastic hand-clapping toys and more.

Herb Simon-backed group proposes $250M two-tower project across from fieldhouse

April 29, 2022 | Mickey Shuey

The proposed downtown development at 230 S. Pennsylvania St. calls for the demolition of a century-old building and the construction of two high rises, including a 26-story apartment tower.

Life sciences experts say Indiana needs to push collaborations to compete with other states

April 29, 2022 | John Russell

A panel of Indiana life science experts on Friday said the state could become more competitive for large investments and jobs if it doubled down on the kind of collaborations and partnerships that other states have used to their advantage.

Community Health starts ‘fully integrated cancer program’ with MD Anderson

April 28, 2022 | John Russell

Community Health Network said the new arrangement with the largest cancer center in the United States will give Hoosiers access to some of the most advanced cancer treatments in the nation.

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