Nation’s largest retail trade group forecasts strong sales growth
The National Retail Federation said Wednesday it anticipates that retail sales will grow between 6.5% and 8.2%, to more than $4.33 trillion, this year.
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Lowe’s 4Q results surge as people plow money into homes
Home improvement stores have become hot destinations during the pandemic, with millions working from home and attending school remotely. Many Americans have found the time to update or change their homes to add home offices and other elements.
Frustrated teachers lose access to vaccine waitlists as Indiana enforces eligibility rules
Teachers say they are being removed from or moved down on standby lists at Walmart stores. The state says standby lists are to follow eligibility guidelines, and doses are not being wasted.
FDA says single-dose shot from J&J prevents severe COVID
The long-anticipated shot could offer the nation a third vaccine option and help speed vaccinations by requiring just one dose instead of two.
Indiana reports 1,019 new COVID-19 cases, 14 more deaths
The state said more than 482,000 Hoosiers had been fully vaccinated against COVID-19 as of Wednesday at 5 a.m. More than 920,000 had received the first dose of a vaccination.
Biden to order a review of U.S. supply chains for vital goods
The executive order will cover U.S. supply chains for large-capacity batteries, pharmaceuticals, critical minerals and semiconductors that power cars, phones, military equipment and other goods.
Fry’s Electronics closes all stores, including Fishers location
The 180,000-square-foot Fishers store originally housed Incredible Universe, a media and electronics superstore owned by Radio Shack parent Tandy Corp. Fry’s took over the building in 2005.
Ratio Design sells minority stake to Toronto investment firm, plans growth
Ratio will remain an independent Indianapolis-based company as part of the deal, with founding principal Bill Browne staying as president and the largest individual shareholder.
In major rebranding, Indianapolis Power & Light changes name to AES Indiana
The name change comes 20 years after AES Corp. bought IPL for $2.2 billion, a move that gave it a foothold in the Midwest.
Indiana Senate moves bills aimed at law enforcement control
Indiana senators advanced measures Tuesday that would allow police to determine what use of force is reasonable in some cases and would allow the state’s attorney general to appoint special prosecutors to handle criminal cases local authorities decide not to pursue.
Senate OKs bill to limit governor’s emergency orders to 60 days
Republican legislative leaders have generally praised Gov. Erric Holcomb’s handling of the pandemic, but they also say lawmakers should be able to provide input in the decisions when an emergency continues for an extended period of time.
Tech firms say there’s little doubt Russia behind major hack
In the first congressional hearing on the breach, representatives of technology companies involved in the response described a hack of almost breathtaking precision, ambition and scope.
Stock market bounces back from big early losses
The reversal came after after reassuring comments from Federal Reserve Chairman Jerome Powell on inflation and the outlook for growth spurred traders to buy the dip.
New or used? Either way, price hikes squeeze U.S. auto buyers
The price of an average new vehicle jumped 6% between January and December 2020, to a record $40,578, according to data from Edmunds.com. Yet, that increase was nothing next to what happened in the used market.
Fed’s Powell: Recovery incomplete, high inflation unlikely
Federal Reserve Chair Jerome Powell’s comments were in contrast to the increasing optimism among many analysts that the economy will grow rapidly later this year. That outlook has also raised concerns, though, about a potential surge in inflation.
Black Indiana lawmakers seek reprimands after confrontations
The Indiana Black Legislative Caucus called Tuesday for lawmakers who sparked confrontations with Black legislators last week to face reprimands and for all lawmakers to undergo mandatory anti-bias training.
Drug executives: Big jump in vaccine supply coming soon
By the end of March, Pfizer and Moderna expect to have provided the U.S. government with a total of 220 million vaccine doses, up from the roughly 75 million shipped so far.
Indiana Senate passes bill to strip IndyGo funding, prevent rapid bus line expansion
Senate Bill 141 would withhold 10% of local income tax revenue from IndyGo until it meets a private fundraising threshold established in a 2014 law. It also would prevent IndyGo from moving forward with expansion projects, like the Blue and Purple lines, until it secures private funding.
Real Estate Weekly: News notes 02/23/21
These news notes appeared in IBJ’s Real Estate Weekly on Feb. 23, 2021: Briefs: —The Scoop Shack, a combination ice cream shop and artisan boutique, is expected to open this spring at 7002 Lake Plaza Drive in the Avalon Crossing shopping center, just east of Binford Boulevard and south of 71st Street. Owners Nicole Eslinger and Sonja […]
Indiana COVID-19 deaths climb past 12,000 mark
The state said more than 459,000 Hoosiers had been fully vaccinated against COVID-19 as of Tuesday. More than 905,000 had received the first dose of a vaccination.