Westgate car dealership to be sold to Hoosier dealer group
The Plainfield business is bucking the trend of local dealerships getting scooped up by large national conglomerates.
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U.S. economy shrank at record-breaking 33% rate last quarter
The contraction last quarter was driven by a deep pullback in consumer spending, which accounts for about 70% of economic activity.
NATE FELTMAN: Time for tip of the hat to Speaker Bosma
GOP House supermajorities presented Bosma with some of his greatest challenges.
New York-based Simplifeye moving HQ to Carmel, hiring 75
Dr. Ryan Hungate, a Kokomo native who founded the medical-practice software firm in 2014, said he plans to spend up to $10 million to shift a majority of the company’s operations to Carmel.
Coronavirus relief package talks hit impasse on Capitol Hill
A meeting between top White House officials and Democratic leaders ended with no agreement on extending emergency unemployment benefits that expire on Friday, or on reviving a moratorium on evictions that lapsed last week.
Lawmakers question Amazon, Apple, Facebook and Google chiefs about market power
The four chief executives—Amazon’s Jeff Bezos, Apple’s Tim Cook, Facebook’s Mark Zuckerberg and Google’s Sundar Pichai—took the witness stand to fiercely defend their businesses Wednesday.
U.S. expected to report record-breaking economic plunge
A huge plunge in consumer spending as people stayed home in the April-June quarter likely sent the economy into a tailspin at a roughly 32% annual rate
Wall Street rallies as Federal Reserve keeps rates pinned at record low
Besides keeping short-term rates pinned at nearly zero, the Federal Reserve also said it will continue to buy about $120 billion in Treasury and mortgage bonds each month to support the economy.
Holcomb says he’s willing to add more money to rental assistance program
The state’s program, which launched July 13, has already received more than 20,000 applications, but the funds are expected to be enough to cover only about 12,000 households.
Indianapolis police announce new use-of-force policies
The department said the new policies include an emphasis on deescalating potentially volatile situations and explicitly ban officers from using chokeholds and shooting into or from moving vehicles.
UPDATE: Holcomb extends Stage 4.5 of Indiana’s recovery plan through Aug. 27
In addition, the governor said he was extending the state’s landlord moratorium on evictions though Aug. 14.
City to close Indiana Avenue for 5 days for Black Lives Matter mural
The Indianapolis Department of Public Works will close Indiana Avenue from Blackford to West streets from Thursday afternoon until Monday afternoon.
Faulty bar exam software tossed in favor of emails, open books
The Indiana Supreme Court issued an order Wednesday again revamping the July 2020 bar exam, opting to send test questions by email and allowing applicants to refer to notes and course materials during the test.
Housing advocates push for more CARES Act funding for rental assistance
Indiana Gov. Eric Holcomb’s administration set aside $300 million in federal CARES Act funding for local units of government to use for pandemic-related expenses, but so far, rental assistance programs are not among the reimbursable items.
Councilors debate future of Blue Indy assets, reject proposal to waive buying option
A City-County Council committee this week killed a proposal requesting the mayor and his administration waive the city’s option to purchase Blue Indy’s charging stations and kiosks.
IPS officials want to start school year with all-virtual classes
If the proposal is approved by the school district’s board on Thursday, IPS will delay in-person instruction at least until October.
Indiana reports 630 new COVID-19 cases on decline in testing
Marion County saw a daily increase of 142 COVID-19 cases, bringing its cumulative total above 14,000.
Four Big Tech CEOs facing questions from Congress on competition
Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Sundar Pichai of Google and Tim Cook of Apple are set to answer questions about market dominance in the industry.
Ohio-based Epcon Communities proposes age-restricted Courtyards of Carmel
Plans for the 169-home neighborhood come on the heels of a similar plan for the same site that won city approval over the objections of neighbors but never broke ground.
Insurer Anthem’s profit swells, helped by drop in claims
Anthem Inc.’s second-quarter profit doubled on a year-over-year basis as a pandemic-induced drop in claims and a new business pushed the Blue Cross-Blue Shield insurer’s earnings past expectations.
