Airlines slash flights, freeze hiring as virus cuts travel
Delta, the world’s biggest airline, said it will cut international flights by 20% to 25% and reduce U.S. flying by 10% to 15%, roughly matching cuts previously announced by United Airlines.
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Feds say Fifth Third opened fake accounts like Wells Fargo
Fifth Third said it had already investigated the allegations and called the fraudulently opened accounts “a limited and historical event.”
UPDATE: Indiana House leadership changes as session nears end
House Speaker Brian Bosma, the longest-serving House speaker in state history, stepped down Monday and was replaced by Rep. Todd Huston.
Dow drops 7.8% as crashing oil prices, virus fears slam markets
The Dow Jones industrial average on Monday suffered its steepest drop since the financial crisis of 2008.
Saudi-Russia oil fight melts markets, targets U.S. oil patch
Oil prices fell Monday by the most in one day since the 1991 Gulf War. The price of U.S. crude fell as much as 34%, to $27.34 a barrel, the lowest price since early 2016. Here’s what’s driving the price drop.
UPDATE: Virus fears, crashing oil prices take toll on stock market
The steep drop followed similar falls in Europe after a fight among major crude-producing countries jolted investors already on edge about the widening fallout from the outbreak of the new coronavirus.
Stocks, oil prices plunge as virus closes sites around world
The world’s largest economies delivered more worrisome cues Monday as anxiety over the virus outbreak sent stock and oil prices plunging and closed sites from the Sistine Chapel to Saudi Arabian schools.
Seven-time NASCAR champ Johnson to test IndyCar
Jimmie Johnson said he’s going to do an IndyCar team test with McLaren Racing on April 6.
Oil plunges 25% as another virus-fueled trading week begins
Oil prices are plunging amid worries that an OPEC dispute will lead an economy weakened by COVID-19 to be awash in an oversupply of crude.
Anxiety grips companies around globe as virus spreads
Since breaking out of China, the coronavirus has had a chilling effect on companies related to manufacturing, travel and tourism, which then hampers other industries and weakens consumer confidence.
New owners rename Amish tourist site as The Barns at Nappanee
Formerly known as Amish Acres, the attraction has drawn about 150,000 visitors annually to its historical cabins, barns and other structures.
Indiana Landmarks aims to save county’s historic old jail
Tipton County’s old jail is on the National Register of Historic Places, which makes it eligible for various grants and other financial incentives such as tax credits.
U.S. added robust 273K jobs in February before virus escalated
The Labor Department said Friday that the unemployment rate fell to 3.5% last month, matching a 50-year low, down from 3.6% in January.
As virus cases near 100,000, fear grows for ‘devastation’ of poor
Halted travel and a broader economic downturn linked to the outbreak of the novel coronavirus threaten to hit already-struggling communities for months to come.
Indiana governor backs path for forcing out attorney general
Gov. Eric Holcomb said in a statement Thursday that he supports a bill endorsed by the Indiana House that would prohibit anyone whose law license has been suspended for at least 30 days from serving as attorney general.
Upcoming U.S. jobs data will provide gauge for virus economic damage
A range of job market barometers will provide some of the most vital signals about the economy in the coming weeks and months.
Art Van to close furniture stores in at least five states as part of liquidation
The 61-year-old retailer operates in nine states under various brands. Stores in Michigan, Illinois, Indiana, Missouri and Ohio are expected to close.
Former UAW President Gary Jones charged with corruption
Former UAW President Gary Jones is accused of conspiring with others at the union to embezzle more than $1 million. The court filing against Jones describes a scheme to pocket cash and enjoy luxuries, including $13,000 in cigars.
GM planning 13 electric vehicles as it tries to run with Tesla
General Motors touted an exclusive new battery technology that could propel some of the vehicles as far as 400 miles on a single charge as it tries to capture electric vehicle enthusiasm.
Fed survey finds coronavirus affecting parts of U.S. economy
The Federal Reserve’s latest nationwide survey of business conditions has found that the coronavirus outbreak has begun to affect tourism and disrupt manufacturing chains in parts of the United States.