CEO pay at public companies rises even as pandemic ravages economy
The median pay package for a CEO at an S&P 500 company hit $12.7 million in 2020. That’s 5% more than the median pay for that same group of CEOs in 2019.
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IndyCar courts Black fans, drivers in its push to diversify
Much like NASCAR dealt with its own racial reckoning last year, IndyCar is moving to create a more diverse workforce throughout all levels of a series that has had just two Black drivers race in the Indy 500, its showcase annual event that dates to 1911.
Senate eyes R&D bill to counter China, bolster chip manufacturing
What started as a pragmatic effort to boost scientific research has morphed into sweeping bill aimed at making the U.S. more competitive, including $50 billion in emergency funds to shore up domestic computer chip manufacturing.
Despite capacity limits, Indy 500 to be largest sports event of pandemic
Indianapolis Motor Speedway worked with the Marion County Public Health Department to determine that 40% of venue capacity will be allowed.
Indiana University reviewing vaccine mandate amid criticism
Nearly all Republican members of the Indiana Senate on Thursday joined the criticism of IU’s policy in a letter to university President Michael McRobbie.
Genetically modified salmon from Indiana head to U.S. dinner plates
Several tons of salmon, engineered by biotech company AquaBounty Technologies Inc. and raised in Indiana, are heading to restaurants and dining services for the first time.
Bank CEOs tell Congress they’ll work to avoid foreclosures
The chief executives of the nation’s largest banks went in front of Congress for a second day Thursday, facing questions ranging from inflation to their efforts to keep Americans in their homes after pandemic aid expires this summer.
Three common garden pests — and a 17-year visitor who isn’t
Transplants are threatened by three kinds of pest damage this time of year: Stems might be chopped off at the soil line, leaves might be chewed, and/or leaves might be shot full of tiny holes.
Governor wants Indiana state employees in offices in July
Staffers for many state agencies have been working remotely, but Gov. Eric Holcomb said in a Wednesday email to employees that “it is not the optimal way for us to serve Hoosiers.”
Shoppers go back to stores, but retailers face challenges
With more people getting vaccinated and dropping their face masks, retailers from Walmart to Macy’s are seeing an eager return to their stores after more than a year of their customers migrating online during the pandemic.
U.S. jobless claims fall to 406,000, a new pandemic low
The latest numbers show Hoosiers filed 6,352 initial unemployment claims during the week ended May 22, a drop of 605 from the previous week.
First quarter GDP unchanged at robust 6.4% annual rate
The rise in the gross domestic product, the economy’s total output of goods and services, was the same as the government’s first look one month ago, the Commerce Department reported Thursday.
GOP offers $928B proposal on infrastructure, funded with unused COVID aid
Republicans have rejected Biden’s proposed corporate tax increase to pay for new investments, and instead want to shift unspent COVID-19 relief dollars to help cover the costs.
NBC says it hopes for more IndyCar as contract comes to an end
IndyCar’s current deal with NBC Sports is in its final season and contract negotiations are unclear. There have been reports Penske will take a higher rights fee from a new partner and that NBC has fallen out of the running on a renewal.
Paxton Media Group buying Landmark Community Newspapers
The sale, announced Wednesday, will give Paxton about 120 publications in 14 states, including 20 in Kentucky and 18 in Indiana.
Record-breaking kicker Adam Vinatieri set to retire after 24-year career
Vinatieri, 48, entered the league as undrafted free agent and became known as the best clutch kicker in NFL history. He made 29 game-winning kicks during his career and scored a franchise-record 1,515 points with the Indianapolis Colts.
Work could start this summer on delayed Terre Haute casino
The casino’s groundbreaking could happen in late June or early July, with an opening by fall 2022, Hard Rock International executive Jon Lucas told the Indiana Gaming Commission on Tuesday.
Biden asks U.S. intel officials to investigate COVID-19 origin
While the lab leak theory was initially dismissed as unlikely, recent reports about the hospitalization of Wuhan lab researchers in November 2019—weeks before the virus was identified in that city—have given it new traction.
Ford: Electric vehicles to make up 40% of global sales by 2030
The company said 70,000 customers have put down $100 deposits to reserve an electric F-150 in the week since it was unveiled. Ford’s F-Series pickup is the top-selling vehicle in the U.S.
Amazon to buy MGM for $8.5B, adding to its streaming service
MGM’s library includes more than 4,000 movies, including “Silence of the Lambs” and “Thelma & Louise,” and 17,000 TV shows, such as reality TV staples “Shark Tank” and “The Real Housewives of Beverly Hills.” Amazon also will get cable channel Epix out of the deal.