Corporate America puts $2 trillion in bank in run-up to election
Reluctance to put money to work took hold when the pandemic struck and has shown few signs of easing.
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Chase remains Indy’s biggest bank
PNC and Fifth Third rank as the second and third largest area bank by deposits.
Greg Morris: IBJ’s virtual events engage and inform, even in a pandemic year
You have several opportunities before the end of the year to view a live IBJ virtual event. They are free for individuals, and corporate virtual rooms can be reserved for $100. Register at ibj.com by clicking on the events tab.
Editorial: Equity pledge is strong step forward in continuing conversation about race
We urge more companies to make similar commitments, whether they do so publicly by participating in the equity pledge or privately with accountability from within their own organizations.
Q&A with Tichina Clark, who turned lessons from prison into a business
In November 2019, Tichina Clark officially launched her business, which sells homemade soups, salads and desserts packaged in mason jars.
Video-email firm has signed 70 deals with colleges
Covideo’s platform allows users to send 60- to 90-second video clips embedded in email and text messages and to track if, when and how many times the videos are viewed.
Twitter pulls back on key policy after New York Post article controversy
Twitter was wrong to block web links to a political story, CEO Jack Dorsey said on Friday, as the company responded to criticism over its handling of an article that led to cries of censorship.
Fed’s Bullard says U.S. could see rapid decline in unemployment
Federal Reserve Bank of St. Louis President James Bullard the U.S. labor market is likely to bounce back quickly when more temporarily furloughed workers return to jobs and the coronavirus pandemic comes under control.
UPDATE: Colts say COVID tests were false positives; Sunday’s game remains on schedule
The update came several hours after the Colts initially announced that “several individuals within our organization” had tested positive for the virus.
Indiana reports more than 2,000 new COVID-19 cases
The state also reported 22 additional deaths from COVID-19, the ninth time in the past 11 days in which deaths have been in double digits.
Doctors search for treatments for COVID-19 ‘long-haulers’ with few guides
A British team recently estimated that as many as 10 percent of the people who contract the disease suffer prolonged symptoms. The CDC estimates that 35 percent of people who get mild versions had not returned to their pre-disease state of health two to three weeks later.
Study finds remdesivir, 3 other drugs have little to no effect on COVID-19
The results of the global trial are in sharp contrast to a large study in the United States, which found remdesivir shortened the time to recovery by about five days on average.
U.S. retail sales grow for 5th straight month; industrial production falls
Much of last month’s growth came from clothing stores, where sales rose 11%. At auto dealerships and parts shops, sales were up 3.6%.
Holcomb maintains significant cash advantage in governor’s race
Republican Gov. Eric Holcomb nearly quadrupled his Democratic opponent in fundraising during the third quarter, according to campaign finance figures released Thursday afternoon.
Somerset Cloud gets name change, new majority owner
The company founded as Somerset Cloud last year has a new name, majority owner and an even higher growth curve than originally projected.
Hale raises more money than Spartz in third quarter in 5th District battle
Indiana 5th Congressional District Democratic candidate Christina Hale raised more than $600,000 more than her Republican opponent during the third quarter, according to campaign finance reports released Thursday.
New corporate pledges strive to give equity efforts staying power
The Indy Racial Equity Pledge, launched Oct. 8, details what nine Indianapolis-area employers plan to do to improve racial equity within their organizations, the Indianapolis area, and beyond.
Banks adding branches in Hamilton, Hendricks counties
State Bank will also move its Danville branch to 8589 Rockville Road in Avon, near the Hendricks Regional Health YMCA. That location is set to open Nov. 9.
Trump, Biden show differences in distant, dueling town halls
President Donald Trump and Democrat Joe Biden took part in competing town halls Thursday that offered a jarring contrast of their opposing political styles and approaches to major issues.
Next big challenge for NCAA is restructuring Division I
A survey of college sports leaders by the academic watchdog Knight Commission found strong support for reforming the way Division I is governed (74%) and restructuring D-I altogether (73%). NCAA Division I is comprised of 351 schools.