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.
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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.
Biden says he’s considering gasoline tax holiday
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.
Developer plans three-month closure to speed redevelopment of Lafayette Square Mall
Sojos Capital said it has already begun multiple upgrades to the property, including replacing the roof, changing HVAC units, interior and exterior painting, and additional security enhancements.
Fort Wayne-based credit union to enter central Indiana market
Fort Wayne-based 3Rivers Federal Credit Union, which operates 21 branches in northeast and east-central Indiana, plans to spend $7.5 million to construct three branches in central Indiana.
Jules Muck, muralist who sparked controversy, returns to Indianapolis
Jules Muck, known for her “Muck Rock” tag, painted at the Indy Walls art center in Sacred Heart and at Fling Bungee Fitness in Noblesville.
Worldwide airline industry predicts profit in 2023, defying slowdown
While most carriers are enjoying bumper sales as customers flood back following the lifting of COVID curbs, taking leisure trips and catching up with friends and family, there are doubts about how long the surge will continue as high fuel prices push airlines to hike fares.
IBJ Podcast: Examining the $175M plan for downtown’s City Market block
For this week’s edition of the podcast, host Mason King talks with Scarlett Andrews, director of the Indianapolis Department of Metropolitan Development, and Eric Gershman, principal at Gershman Partners, about the project and the timeline.
Yellen: Recession not inevitable, gas tax holiday weighed
Treasury Secretary Janet Yellen is offering a dose of optimism even as economists grow increasingly worried about a recession fueled by skyrocketing inflation.
Inflation taking bite out of new infrastructure projects
Rising prices for materials such as asphalt, steel and iron pipes are driving up the costs to build roads, bridges, rail lines and water mains. The prices for some infrastructure materials have risen even faster than general consumer prices.
Buttigieg: U.S. might act against airlines on consumers’ behalf
Transportation Secretary Pete Buttigieg said his department could take enforcement action against airlines that fail to meet consumer-protection standards, although he thinks that won’t be necessary.
State health department announces first probable case of monkeypox in Indiana
The patient’s test at the Indiana Department of Health Laboratories on Saturday was positive and a confirmatory test is pending at the Centers for Disease Control and Prevention, state health officials said.
Challenger defeats Holcomb appointee to secure GOP nomination for secretary of state
Diego Morales defeated Gov. Eric Holcomb’s appointed Secretary of State Holli Sullivan and two other challengers at Saturday’s Indiana Republican Party State Convention.
Urban One reveals in filing what it will pay to acquire Emmis stations
On Monday, Indianapolis-based Emmis announced an agreement to sell the radio stations in its home market to Maryland-based Urban One. At that time, the companies had not disclosed the sale price.
‘Babyface’ Edmonds comes home for Walker Theatre’s 95th anniversary
This weekend’s “welcome back” events at the Walker include Friday’s Babyface show, block parties on Saturday and Sunday, and celebrating the completion of $15 million in renovations.