NCAA to lift moratorium on football, basketball workouts
The decision clears the way for individual workouts by athletes, mostly on their own, subject to safety and health protocols decided by their schools or local health officials.
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Engine maker Rolls-Royce cutting 9,000 jobs as aviation reels
It doesn’t appear as if those cutbacks will have a significant impact on Indianapolis, where Rolls-Royce employs about 4,000 people.
Target’s online shift prepared it for pandemic
A years-long campaign by Target to compete with Amazon.com online was, as it turns out, a dry run for the health crisis.
Appeals court upholds injunction against NCAA on education expenses
The appeals court ruling clears the way for Division I conferences to independently set rules for education-related compensation provided to student-athletes.
States accused of fudging, bungling COVID-19 testing data
The risk is that politicians, business owners and ordinary Americans who are making decisions about lockdowns, reopenings and other day-to-day matters could be left with the impression that the virus is under more control than it actually is.
Sales soar at Walmart as it becomes lifeline during pandemic
Online sales in the U.S. jumped 74% for the quarter ended April 30. Same-store sales rose 10% on strong sales of food, health and wellness goods.
Hospitals, health care sector reel from COVID-19 damage
Health care provided the biggest drag on the U.S. economy in the first quarter. Spending on care fell at an annual rate of 18%, the largest drop for that sector among records going back to 1959.
Federal Reserve chief: Recovery might begin by summer, will likely be slow
Federal Reserve Chair Jerome Powell suggested that a full recovery won’t likely be possible before the arrival of a vaccine for COVID-19.
Kroger announces new bonuses after cutting hazard pay to workers
Just days after announcing it would end hazard “hero” pay to front-line workers, Kroger says it will give them extra “thank you” bonuses.
Vectren seeking to pay customers less for excess solar power
A utility that serves about 145,000 customers in Indiana wants approval to significantly reduce financial credits given to people who send excess solar-generated electricity into the power grid.
Lawsuit claims U.S. plan for Indiana forest could taint water supply
The lawsuit, filed Wednesday in federal court, alleges that the Forest Service violated several environmental acts when it decided to proceed with the project in the Lake Monroe watershed, which serves all of Monroe County.
Indiana attorney general argues suspension doesn’t oust him
Lawyers for Indiana’s attorney general argued Friday that he has the legal right to remain in office even while serving a 30-day suspension of his law license for groping a state legislator and three other women.
Trump still confident in virus test despite false negatives
The Food and Drug Administration announced late Thursday it was investigating preliminary data suggesting the Abbott Laboratories test can miss COVID-19 cases, falsely clearing infected patients.
Risk of reopening U.S. economy too fast: A W-shaped recovery
Now, as President Donald Trump and many Republicans press to reopen the economy, some experts see an ominous risk: That a too-hasty relaxation of social distancing could ignite a resurgence of COVID-19 cases by fall, sending the economy back into lockdown.
Industrial production plunged unprecedented 11.2% in April
American industry was running at 64.9% of capacity last month, shattering the previous record low set in the Great Recession year 2009.
U.S. retail sales plunged record 16% in April amid shutdowns
A long-standing migration of consumers toward online purchases is accelerating, with that segment posting a 8.4% monthly gain.
Taiwan company to build $12B semiconductor factory in United States
A Taiwan-based maker of silicon chips plans to build an advanced semiconductor factory that will create more than 1,600 high-tech jobs, officials announced Thursday.
Auto workers’ tenuous return a ray of hope in jobs crisis
About 133,000 U.S. workers will be pouring back into auto assembly plants that will open in the coming week.
Survey: Oil, mining, manufacturing businesses had best luck with pandemic loans
Utilities fared the worst of all sectors, with less than a quarter of small businesses in that sector getting loans, according to the survey.
Trump: Virus shows supply chains should be moved from China
President Donald Trump says the coronavirus pandemic highlights the importance of U.S. manufacturing and moving supply chains out of China, as he blamed that country anew for not doing enough to slow the pandemic.