Oil refineries are making a fortune, but that’s not stopping them from closing
A White House desperate to bring down gas prices is having little success persuading refinery owners to expand operations, and more closures are imminent.
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Senators reach bipartisan compromise on gun violence bill
The legislation would toughen background checks for the youngest firearms buyers, require more sellers to conduct background checks and beef up penalties on gun traffickers.
Pilots picket as airline unions leverage summer travel woes
The protest, which the union said drew up to 1,300 Southwest Airlines pilots, was the latest example of airline workers trying to put pressure on companies by taking their demands for higher pay directly to the flying public.
Labor board takes Starbucks to court over alleged violations
The National Labor Relations Board is asking a federal court to order Starbucks to stop interfering with unionization efforts at its U.S. stores. It’s the third time the board has filed a case in federal court against Starbucks since December.
Supreme Court says Maine cannot deny tuition aid to religious schools
The 6-3 outcome could fuel a renewed push for school choice programs in some of the 18 states that have so far not directed taxpayer money to private, religious education.
Westfield extends deadline for Grand Park proposals
The city announced Tuesday that is has extended the deadline from June 22 until July 25 because appraisers asked for additional time to perform their work at the 400-acre sports campus.
AES Indiana electricity customers could see 19% price hikes this fall
AES Indiana, formerly known as Indianapolis Power & Light Co., is asking state regulators for permission to increase prices under a mechanism that allows it to adjust prices based on fluctuations in the cost of fuel.
Spot Freight adding 240 employees in Indianapolis
Spot has been on IBJ’s Fast 25 list of growing companies four times, including from 2015 to 2017 and in 2021.
Supreme Court rejects appeal from Roundup maker over cancer claims
The decision by the justices not to intervene has implications for thousands of similar lawsuits against the company Bayer.
Snap, crackle, pop: Kellogg to split into three companies
Kellogg’s had net sales of $14.2 billion in 2021, with $11.4 billion generated by its snack division, which makes Cheez-Its, Pringles and Pop-Tarts, among other brands. U.S. cereal sales have been waning for years.
U.S. charitable giving hit record in 2021, but inflation looms
The Giving USA report from Indiana University’s Lilly Family School of Philanthropy says donations in 2021 were 4% higher than the record-setting $466 billion contributed in 2020. But that amount was down 0.7% when adjusted for inflation.
Indianapolis, other cities go without lifeguards amid labor shortage
The American Lifeguard Association estimates the shortage affects one-third of U.S. public pools. That is expected to grow to half of all pools by August, when many teenage lifeguards return to school.
Boone County property owners asking Lebanon to annex hundreds of acres
The annexation requests come as the Indiana Economic Development Corp. pushes forward with its plans for the LEAP Lebanon Innovation and Research District.
Carmel City Council votes to ban pet stores from selling cats and dogs
City Councilor Adam Aasen said he wanted to make a proactive move to ensure animals from puppy and kitten mills can’t be sold in Carmel in the future.
Mondelez agrees to acquire energy-bar maker Clif for $2.9B
Clif Bar & Co. operates a major commercial bakery in Indianapolis that employs more than 400 workers. The plant at 7575 Georgetown Road received a $10 million expansion in 2019.
Indiana gas tax set to increase while state eyes inflation relief
Indiana residents will soon pay 62 cents per gallon in taxes on gasoline, the state Department of Revenue announced Monday.
JetBlue raises offer again in bidding for Spirit Airlines
Shareholders of Miramar, Florida-based Spirit are scheduled to vote June 30 on a bid from Frontier Airlines, and JetBlue is trying to convince investors to scuttle the agreement and drive Spirit into JetBlue’s arms.
WNBA owner, Anthem CEO among women athletes running businesses
Anthem chief executive Gail Boudreaux is among several female business leaders who say their background in sports has been a benefit in corporate leadership.
Crypto investors’ hot streak ends as harsh ‘winter’ descends
It’s a dizzying turn of events for investments and companies that at the start of 2022 seemed to be at their financial and cultural apex. The industry’s combined assets back then were estimated to be worth more than $3 trillion; today, they are worth less than a third of that. Maybe.
Elanco spinoff BiomEdit locates HQ in Fishers
BiomEdit, one of Indiana’s newest life-science companies, said Monday it will locate its headquarters in Fishers, but hinted it could eventually move to the new $100 million Elanco Animal Health headquarters campus now under construction in Indianapolis.