Hotels’ vacancy woes cause debt headaches
With travel and convention business continuing to stagnate and COVID-19 cases on a steep rise, many properties find themselves scrambling for long-term loan solutions and pleading for help from lenders.
With travel and convention business continuing to stagnate and COVID-19 cases on a steep rise, many properties find themselves scrambling for long-term loan solutions and pleading for help from lenders.
Passenger traffic at the airport is expected to be 45% lower in 2020 than last year, but airport leaders say they are confident they can keep the organization’s finances stable.
High levels of uncertainty, along with other pandemic-related factors, have pushed U.S. commercial bank deposits to record highs since the beginning of the year.
The state reports county-level case numbers and identifies schools and long-term-care facilities that have had outbreaks, but it does not share cases by ZIP code nor identify categories of businesses where the virus is being transmitted. Doing so would help Hoosiers make better decisions.
The Indiana State Department of Health on Friday said the seven-day moving average for COVID-19 cases reached another all-time high of 3,576.
The Indianapolis-based company, which makes specialty hydrocarbon and fuels products, said it is seeing business conditions improve compared with earlier months of the pandemic.
The Federal Reserve kept its benchmark interest rate at a record low near zero Thursday. It announced no new actions after its latest policy meeting but left the door open to provide further assistance in the coming months.
Carmel-based CNO Financial Group Inc. saw a sharp increase in profit during the third quarter, partly because its customers deferred seeking medical care and, as a result, submitted fewer health insurance claims.
Two days after Election Day, neither candidate had amassed the votes needed to win the White House. But Biden’s victories in the Great Lakes states left him at 264, meaning he was one battleground state away—any would do—from becoming president-elect.
Ventec, in a partnership with General Motors, began operations in the GM Components Holdings plant in April, hiring local employees to make 30,000 ventilators for hospitals in the fight against the COVID-19 pandemic.
The Indiana State Department of Health on Thursday reported 45 more COVID-19 deaths. Newly reported deaths have reached or topped 25 for 10 straight days and have been in double digits 28 times over the past 30 days.
AstraZeneca hopes to show its COVID-19 vaccine is effective by the end of this year and is ramping up manufacturing so it can supply hundreds of millions of doses in January, CEO Pascal Soriot said Thursday.
U.S. labor costs fell by 8.9% in the third quarter after rising by 8.5% in the second quarter, the Labor Department reported Thursday.
Altering one’s mind-set about winter is key to getting through it, says clinical psychologist Roseann Capanna-Hodge. “The first part of managing stress and building resiliency in these trying times is changing how you view things,” she says. “You are in control. Instead of saying you dread winter, shift the dialogue to, ‘I’m looking forward to winter.’ “
The number of Americans seeking unemployment benefits fell by 7,000 last week, to 751,000, continuing a slow decline but remaining at a still-historically high level.
Indiana Gov. Eric Holcomb on Wednesday did not impose new restrictions, despite rumors suggesting he was planning to do so amid record cases and hospitalizations.
Analysts said the gains came as markets saw the upside of political control in Washington, D.C., remaining split between Democrats and Republicans.
Neither candidate has yet cleared the 270 Electoral College votes needed to win the White House, and the margins were tight in several battleground states.
The state on Wednesday reported 25 more COVID-19 deaths. Newly reported deaths have reached or topped 25 for nine straight days and have been in double digits 27 times over the past 29 days.
One of the first states to receive rapid, low-cost coronavirus tests from the U.S. government is cautioning against their use in asymptomatic people, a group that were hoped to benefit most from the technology.