Dow drops more than 1,000 points as fear of virus threatens global economy
The selling wiped out all of the Dow Jones industrial average’s gains for the year. The major U.S. stock indexes all fell more than 3%.
Associated Press
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Global markets fall sharply as virus cases spread past Asia
The Dow Jones industrial average slumped more than 3% and gave up all of its gains for the year as a surge in virus cases and a worrisome spread of the disease outside the epicenter in China sent investors running for safety.
Big changes coming to the NFL scouting combine this year
Fewer assistant coaches will watch those prospects run through drills in person this year, and downtown Indianapolis bars and restaurants should be quieter as many of the on-field drills move from morning and afternoon into prime time.
‘Andy Griffith’-inspired movie to be shot in central Indiana
The project will bring Hollywood pedigree—in the form of former “Andy Griffith” stars and their children—to central Indiana.
Indiana Republicans say law adequate despite school fraud
Republicans who dominate the state Legislature have rejected complaints from Democrats that responsibility for the fraud by virtual schools rests with lax regulations dating from the 2011 GOP-driven state education overhaul.
Trump signals he’s prepared to give farmers more federal aid
China’s economy is being rocked by the new virus that has infected more than 75,000 people and forced many businesses and factories to temporarily close.
China suspends more penalties on U.S. goods after trade truce
Goods affected by the latest reduction include industrial components and medical and factory equipment.
American women seek more than $66M in damages from U.S. Soccer
Players on the U.S. women’s national team are seeking damages as part of their gender discrimination lawsuit against the U.S. Soccer Federation.
NFL owners approve negotiated terms for new labor agreement
Such quick action by the owners indicates their eagerness to replace the 10-year labor agreement that concludes in March 2021. Several elements of a new CBA could be implemented for the upcoming season should the players vote in favor of it.
Victoria’s Secret getting new majority owner after 38 years under L Brands
Victoria’s Secret, beset by falling sales and uncomfortable questions about its billionaire owner who has run the company for four decades, is being sold to the private company that owns Hot Topic and Talbots.
IRS to pay visits to high-income taxpayers who fail to file
The agency said Wednesday that it is stepping up its efforts to visit high-income taxpayers who failed in prior years to file their tax returns on time.
Longtime Indiana amusement park verifies closure after 94 years
Indiana Beach officials confirmed that the business has closed after 94 years of operation in a statement issued Wednesday, a day after news of the closure broke.
Hinchcliffe gets Indy 500 ride in 3-race deal with Andretti
Driver James Hinchcliffe had to scramble to find anything at all for 2020 when he learned late last year that he was out at Arrow McLaren SP with a year remaining on his contract.
Indiana panel backs ban on drivers using handheld phones
A state Senate committee voted 8-1 Tuesday to endorse the bill that only permits cellphone use with hands-free or voice-operated technology, except in emergencies.
NCAA moves toward immediate eligibility for all transfers
If adopted, new criteria would go into effect for the 2020-21 academic year and be a boon for Division I athletes in high-profile sports such as football and basketball.
Indiana pregnancy accommodation proposal unlikely to advance
The proposal would have required Indiana businesses with more than 15 employees to allow pregnant women to take longer breaks, transfer to less physical work and take unpaid time off after childbirth.
UPDATE: Pier 1 files for bankruptcy protection, to close 7 Indiana stores
The retailer, led by the former CEO of HHGregg, has been struggling with increased competition. It plans to close seven stores in Indiana.
Karen Pence adds campaigning for Trump to busy to-do list
With first lady Melania Trump largely avoiding the political scene, the campaign sees Karen Pence as an asset in one of the areas where it most needs help—with suburban woman.
UPDATE: Future of Boy Scouts uncertain after massive bankruptcy filing
The Chapter 11 filing in federal bankruptcy court in Wilmington, Delaware, sets in motion what could be one of the biggest, most complex bankruptcies ever seen. Scores of lawyers are seeking settlements on behalf of several thousand men who say they were molested as scouts by scoutmasters or other leaders decades ago.
Apple warns China virus will cut iPhone production, sales
The tech giant is warning investors that it won’t meet its second-quarter financial guidance because of the viral outbreak.