State reports 10 new deaths from COVID-19
The total number of positive COVID-19 cases in the state has increased to 731,810, and the state has reported 13,028 deaths.
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Logistics firm alleges former exec secretly created own company, stole clients
Hoosier Logistics Inc. claims a former executive secretly siphoned business to his own firm for nearly three years days before he “quit Hoosier under suspicious circumstances” in April.
Owner closes Fountain Square icon Peppy Grill
Plans are in the works for a new location and further expansion of the greasy-spoon concept.
U.S. lumber importers are driving buying mania for European wood
The frenzy comes on the heels of record American forest-products imports from Europe in 2020, when North American demand soared and caught sawmills off guard with low inventories.
After repealing consequences for failing schools, Indiana to revisit A-F grades
Prompted by an end to state takeovers and other consequences for low performance, Indiana schools likely will also see a change in how the state measures their success.
Innovatemap in midst of growth spurt, planning 15 hires and nearly $1M investment in HQ
The Indianapolis-based digital product agency plans to upgrade its Broad Ripple headquarters while enabling a hybrid model of in-person and remote collaboration.
Consumer prices shot up 0.8% in April as inflation worries escalate
The acceleration in prices, which has been building for months, has unsettled financial markets and raised concerns that it could weaken the economic recovery from the pandemic recession.
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Judge dismisses NRA bankruptcy case in blow to gun group
A federal judge dismissed the National Rifle Association’s bankruptcy case Tuesday, leaving the powerful gun-rights group to face a New York state lawsuit that accuses it of financial abuses and aims to put it out of business.
Emergency program to give people $50 off monthly internet bill
It’s unclear how long the money will last but it’s expected to be several months. Tens of millions of people are eligible.
COVID-19 pet boom has veterinarians backlogged, burned out
To meet the demand from the pet boom, vets have extended hours, hired additional staff and refused to take new patients. And they still can’t keep up.
Holcomb signs order restoring work-search rule for jobless benefits
Indiana is joining several other states creating more requirements for people to stay on unemployment, with many businesses blaming the ease of obtaining the weekly jobless benefits with making it more difficult to fill job openings.
State reports 15 new deaths from COVID-19
The Indiana State Department of Health on Tuesday reported 687 new COVID-19 cases and 15 new deaths.
Veteran journalist Greg Andrews named publisher, editor of The Indiana Lawyer
IBJ Media CEO Nate Feltman said he’s confident that under Andrews’ leadership, The Indiana Lawyer “will become an even more essential read for the legal community and beyond. We have the opportunity to become much more relevant both in central Indiana and statewide.”
Job openings surge to a record high 8.12 million
Many employers say they are unable to fill positions because of ongoing fears of catching the coronavirus, child-care responsibilities and generous unemployment benefits.
Real Estate Weekly: News notes, 05/11/21
These news notes appeared in IBJ’s Real Estate Weekly on May 11, 2021.
Historic downtown building with steakhouse space, luxury condo on market for $4.95M
Eddie Merlot’s, an upscale steakhouse chain based in Fort Wayne, had signed a lease to move into the restaurant space in 2019, but those plans were ultimately derailed by the pandemic.
Developer planning $13.5M senior housing project in Speedway
The 60-unit apartment project will be part of Founders Square, which will include restaurants, shopping and a hotel.
Gas stations running dry after pipeline hack
From Virginia to Florida and Alabama, fuel stations are reporting that they’ve sold out of gasoline as supplies in the region dwindle and panic buying sets in.
Victoria’s Secret to be spun off a year after sale collapsed
Victoria’s Secret was to be sold to Sycamore Partners last year but the private equity firm sued to get out of the deal citing the coronavirus pandemic.