Industrial production up 1.1% in October, but still lagging
It was a rebound after a downturn in September, but production still remains below pre-pandemic levels, the Federal Reserve reported Tuesday.
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Amazon opens online pharmacy, shaking up another industry
The potential impact of Amazon’s arrival in the pharmaceutical space rippled through that sector immediately. The stocks of CVS Health Corp., Walgreens and Rite Aid all tumbled Tuesday.
Oladipo joins ownership group with New Zealand Breakers
While Victor Oladipo’s playing future with the Indiana Pacers remains murky, he’s found a franchise-altering deal elsewhere.
Stock indexes close at record highs as hopes build for a vaccine
The Dow Jones industrial average surpassed its record of 29,551.42 set in February before pandemic panic hit the market.
U.S. casinos recovering from virus setbacks, but challenges remain
The American Gaming Association found that the industry won more than $9 billion in the third quarter of this year, which is 81% of the amount it won during the same period a year earlier.
UPDATE: Indianapolis in talks to host every game of 2021 March Madness
The NCAA announced Monday it is in talks with city and state officials to play all 67 games in the Indy metropolitan area, in order to simplify logistics and limit potential exposure to COVID-19.
Home Depot buying HD Supply in deal valued at $8 billion
HD Supply is a distributor of maintenance, repair and operations products. It has two business units in Indianapolis.
UPDATE: Second coronavirus vaccine shows early success in U.S. tests
Moderna said its vaccine appears to be 94.5% effective, according to preliminary data from the company’s still-ongoing study.
Indiana’s northern neighbor halts classes, indoor dining as virus surges
Michigan Gov. Gretchen Whitmer’s administration on Sunday ordered numerous restrictions in a move backed by hospitals, universities, colleges, community colleges and K-12 school boards.
Federal jury trials suspended in Indiana’s Southern District
An order sent Friday by Chief Judge Jane E. Magnus-Stinson suspends all in-person jury trials in all divisions of the U.S. District Court Southern District of Indiana until at least Jan. 25.
Top CEOs met to plan response to Trump’s election denial
The CEOs from about two dozen Fortune 500 companies decided to wait for the Nov. 20 certification of votes in Georgia before meeting to decide their next moves.
Surging virus cases get a shrug in many Midwestern towns
“They don’t think it’s real,” said a public health official in Iowa. “They don’t think it’s going to be that bad or they just don’t want to wear a mask because we’ve made it a whole political thing.”
Firm planning to close 100-worker auto parts factory
Eaton Corp. has notified state officials that it intends to begin layoffs at the Auburn factory in February.
Tight spot: Trump loss complicates Pence’s political future
With President Trump’s loss—after Vice President Mike Pence spent the last four years as his most loyal soldier and the past year doggedly campaigning on his behalf—the vice president is contending with a far less certain future.
Post-election rancor clouds chances for quick COVID-19 relief bill
President-elect Joe Biden’s top allies on Capitol Hill adopted a combative posture on COVID-19 relief on Thursday, pressing their case for a $2 trillion bill that’s a nonstarter for Republicans.
NCAA voices concern on student-athlete performance bets
An NCAA official suggested that gambling regulators consider restrictions on so-called proposition bets to protect the integrity of the games.
Online shopping surge could lead to holiday delivery delays
U.S. online holiday sales are expected to shatter previous records. Adobe Analytics, which measures sales at 80 of the top 100 U.S. online retailers, predicts a total of $189 billion in online holiday sales, a 33% increase compared to last year.
Biden taps Indianapolis native Klain as his chief of staff
Ron Klain served as chief of staff for Biden during President Barack Obama’s first term, was chief of staff to Vice President Al Gore in the mid-1990s and was a key adviser on the Biden campaign, guiding Biden’s debate preparations and coronavirus response.
TikTok asks court to intervene as Trump order looms
TikTok’s Chinese owner, ByteDance, has until Thursday to sell off its U.S. operations under an executive order that Trump signed in August.
Future of business travel unclear as virus upends work life
Work travel represented 21% of the $8.9 trillion spent on global travel and tourism in 2019, according to the World Travel and Tourism Council. How much of that business will return after the pandemic is uncertain.