Tech companies, like college athletes, eager to cash in
The Indianapolis-based NCAA is figuring out the details of how college athletes can be compensated for the use of their name, image or likeness. Social media is expected to play a huge role.
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High court rules insurers can collect $12B under health care law
Insurers are entitled to the money under a provision of the “Obamacare” health law that promised the companies a financial cushion for losses they might incur by selling coverage to people in the marketplaces created by the health care law, the Supreme Court said by an 8-1 vote.
Another Indiana pork plant closing temporarily during pandemic
Employers have struggled to contain the virus in meatpacking plants, where workers toil side by side on production lines and often share crowded locker rooms, cafeterias and rides to work.
Flood of business bankruptcies likely in coming months
Business filings under Chapter 11 of the federal bankruptcy law rose sharply in March, and attorneys who work with struggling companies are seeing signs that more owners are contemplating the possibility of bankruptcy.
Indiana church begins offering small in-person services
Pastor David Sumrall said in a Facebook post that the church made its decision after consulting with “local government leaders and our lawyers.”
Trump signs $484 billion measure to aid employers, hospitals
The bill is the latest effort by the federal government to help keep afloat businesses that have had to close or dramatically alter their operations as states try to slow the spread of the virus.
U.S. factory orders plunged 14.4% in March as economy ground to halt
The worse-than-expected slide—particularly steep for transportation products—underscored the severity of the economic impact from the pandemic.
NCAA moves toward allowing athletes to be paid by sponsors
Recommended rule changes that would clear the way for athletes to earn money from their names, images and likeness are being reviewed by college sports administrators this week before being sent to the NCAA Board of Governors, which meets Monday and Tuesday.
Gig workers, self-employed still waiting for jobless aid approval
There are many more filings for jobless aid to come, including millions of independent contractors, gig workers and the self-employed. Most states have not begun approving applications from these pools of newly eligible people.
$310B for small business loans likely spoken for, banks say
Banking industry groups say the volume of applications already sent to the Small Business Administration makes it likely that much, if not all, the new money will go to those already in the queue.
Government puts pressure on public companies to return loans
The Small Business Administration issued an advisory Thursday clearly aimed at companies like restaurant chains Ruths’ Chris Steak House and Potbelly that received loans under the Paycheck Protection Program.
Legal battles loom as businesses hit by virus sue insurers
What’s at stake could be the survival of thousands of businesses if insurers don’t pay and the insolvency of big-name insurance companies if they do.
Notre Dame’s Muffet McGraw, winner of 2 national titles, retiring
The Hall of Fame coach retired Wednesday with a resume that includes two national championships in 33 seasons at the school.
Publicly traded firms, including 3 in Indiana, getting $365M in small-biz rescue loans
The recipients included Indianapolis-based Emmis Communications ($4.8 million), the Terre Haute-based coal mining company Hallador Energy ($10 million) and the Evansville-based sporting goods maker Escalade Inc. ($5.6 million).
Administration offers plan to cover COVID-19 care for uninsured
Under the approach detailed by Health and Human Services Secretary Alex Azar, hospitals and doctors would submit their bills directly to the government and they would get paid at Medicare rates.
Delta Air Lines suffers first quarterly loss in 5-plus years
The biggest and most profitable U.S. airline lost $534 million in the first quarter and warned that it expects the second quarter to be much, much worse.
Stocks climb higher worldwide; oil prices crawl off floor
Even as depressing economic and health reports pile up by the day, some investors are looking ahead to the possibility of parts of the economy reopening as infections level off in some areas.
Congress set to pass $483B in virus aid as Trump eyes next deal
President Donald Trump is urging swift passage this week. The Senate approved the bill Tuesday and the House plans a vote on Thursday.
A lost season? Minor League Baseball teams, players face uncertain future
While Major League Baseball tries to figure out a way to play this summer, the prospects for anything resembling a normal minor league season are increasingly bleak.
Huge virus outbreak in Ohio prisons highlights risk at U.S. lockups
A massive coronavirus outbreak that has sickened nearly 4,000 inmates in Ohio has highlighted the dangers lurking in the nation’s correctional facilities during the pandemic.