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U.S. expected to have enough COVID-19 vaccine for all adults by end of May

March 2, 2021 | Associated Press

Despite the stepped-up pace of vaccine production, the work of inoculating Americans could extend well into the summer, officials said, depending both on the government’s capacity to deliver doses and Americans’ willingness to roll up their sleeves.

U.S. infrastructure gets C- from engineers as roads deteriorate

March 2, 2021 | Associated Press

In its “Infrastructure Report Card” released Wednesday, the group estimated it would cost $5.9 trillion over the next decade to bring roads, bridges and airports to a safe and sustainable level.

Airport prepping for stream of NCAA teams, fans

March 2, 2021 | Mickey Shuey

The airport will be ready for visitors in town for the tournament with new March Madness signage, NCAA-sanctioned pop-up retail shops and enhanced staffing.

Microsoft: China-based hackers found bug to target U.S. firms

March 2, 2021 | Associated Press

Microsoft said that a “highly skilled and sophisticated” state-sponsored group operating from China has been trying to steal information from a number of American targets, including universities, defense contractors, law firms and infectious-disease researchers.

Longtime KAR Global leader Jim Hallett stepping down as CEO

March 2, 2021 | IBJ Staff

Peter Kelly, who joined the company in 2011 when he sold KAR Auction Services his 11-year-old online vehicle auction firm Openlane, has been named CEO.

Business travel misses out on recovery

March 2, 2021 | Bloomberg News

The Global Business Travel Association estimates that worldwide spending on commercial travel won’t recover to its pre-pandemic peak of $1.4 trillion until 2025.

Casino exec Ratcliff permanently banned from Indiana gambling industry

March 2, 2021 | Lindsey Erdody

Rod Ratcliff, the former chief executive for Centaur Gaming and Spectacle Entertainment, reached a settlement agreement with the Indiana Gaming Commission that requires him to sell his remaining casino ownership shares.

Target planning to spend billions on store improvements, delivery network

March 2, 2021 | Associated Press

As part of the investments, announced Tuesday, Target will accelerate the pace of building small-format stores, with plans to add 30 to 40 new stores this year, up from 29 last year.

Holcomb joins 21 governors in opposing state-allocation formula in stimulus package

March 2, 2021 | Lindsey Erdody

The governors issued a statement criticizing President Joe Biden’s plan to allocate most of the aid to states based on the unemployment rate, rather than total population. Indiana would receive $881 million more if previous allocation methods were used.

Todd Young announces Senate reelection bid

March 2, 2021 | Lindsey Erdody

Young, 48, had widely been expected to seek another term and made it official on Twitter on Tuesday morning, saying “more work remains” to be done.

Todd Young at IBJ Oct. 10 2017

Indiana reports 582 new COVID-19 cases, 31 more deaths

March 2, 2021 | IBJ Staff

The state said more than 587,000 Hoosiers had been fully vaccinated against COVID-19 as of Tuesday. More than 1 million had received the first dose of a vaccination.

Real Estate Weekly: News notes 03/02/21

March 2, 2021 | IBJ Staff

These news notes appeared in IBJ’s Real Estate Weekly on March 2, 2021: —Store-within-a-store Sephora cosmetics shops are coming to two Indianapolis-area Kohl’s locations as part of a larger collaboration between the two retailers. The new concept, a 2,500-square-foot space branded as Sephora at Kohl’s, is launching at 200 Kohl’s stores this fall, including 4850 […]

Deaths from Alzheimer’s disease, other dementias jumped in 2020, report says

March 2, 2021 | The Washington Post

Preliminary reports from the Centers for Disease Control and Prevention indicate that there were at least 42,000 more deaths from Alzheimer’s and other dementias in 2020 compared with the average of the five years prior.

Fed dialing up pressure on Wall Street to ditch LIBOR

March 2, 2021 | The Washington Post

Banks have less than a year before the Fed has indicated it will stop allowing them to enter into new contracts pegged to LIBOR, a bedrock of the financial system being phased out by global policy makers.

Official: Merck to help produce rival J&J’s COVID-19 vaccine

March 2, 2021 | Associated Press

The United States now expects to have enough supply of the three approved vaccines to inoculate all eligible American adults by June—although actually delivering the injections could take longer.

Chase to install solar panels on at least 17 area branches

March 2, 2021 | Susan Orr

The installations are happening at Chase branches across the United States, and each installation will provide 30% of that branch’s annual power needs, Chase spokeswoman Carlene Lule said.

Ambrose requests tax break for redevelopment of former Navistar site

March 2, 2021 | Mickey Shuey

The Indianapolis-based developer plans to break ground later this year on the building—its first at the 93-acre site that on the east side Ambrose has branded Indianapolis Central Logistics Park.

Vernon Jordan, civil rights activist, DePauw graduate, dies at 85

March 2, 2021 | Associated Press

Jordan went to DePauw University in Indiana, where he was the only Black in his class and one of five at the college. Distinguishing himself through academics, oratory and athletics, he graduated in 1957 with a bachelor’s degree in political science.

Hoosiers 55-59 now eligible for COVID-19 vaccines; state rolls out 3 mass vaccination sites

March 2, 2021 | John Russell

The three mass vaccination clinics will be offering the Johnson & Johnson vaccine, which federal officials approved Saturday for emergency use.

Longtime local homebuilder Paul Estridge Jr. retiring

March 2, 2021 | Susan Orr

Estridge, 63, said a recent lung transplant, along with other factors, convinced him now was the right time to step away from his company after nearly 40 years in the business.

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