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States work to keep meat plants open despite virus outbreaks

April 20, 2020 | Associated Press

Governors in the Midwest are hoping to keep large meatpacking plants operating amid coronavirus outbreaks that have sickened hundreds of workers and threaten to disrupt the nation’s supply of pork and beef.

Some U.S manufacturers, states reopening amid political pressure

April 20, 2020

Boeing and at least one other U.S. heavy-equipment manufacturer resumed production and some states rolled out aggressive reopening plans Monday, despite nationwide concerns there is not enough testing yet to keep the coronavirus from rebounding.

Indiana Supreme Court partially shields COVID-19 stimulus checks from debt collection

April 20, 2020 | Marilyn Odendahl / The Indiana Lawyer

Indiana Legal Services, Prosperity Indiana, Neighborhood Christian Legal Clinic and Indiana Institute for Working Families petitioned the court to protect the payments issued as part of the federal Coronavirus Aid, Relief and Economic Security Act.

Indiana ban on elective medical procedures could be lifted next week

April 20, 2020 | John Russell

Gov. Eric Holcomb said Monday the state would re-evaluate whether to allow hospitals and surgery centers to resume services at 11:59 p.m. Sunday if they have sufficient protective equipment for treating COVID-19 patients.

Historic collapse in oil prices sends U.S. stocks reeling, with Dow losing nearly 600 points

April 20, 2020 | The Washington Post

Investors expect Monday’s volatility to stay in place in coming days as Wall Street heads into the thick of the earnings season.

White House, Congress get closer on $450B virus aid talks

April 20, 2020 | Associated Press

The emerging agreement, nearly double President Donald Trump’s request to replenish the small business program, adds funds for hospitals and COVID-19 testing.

Purdue researchers working to roll out portable at-home testing devices for coronavirus

April 20, 2020 | John Russell

The two technologies are different, but the goal of both is to provide a result within 40 minutes. The researchers say they are working with manufacturers to develop the products, which they hope will retail for $5 or less.

Feltman takes bigger stake in IBJ, assumes CEO role

April 20, 2020 | Anthony Schoettle

Nate Feltman’s purchase of a controlling interest in IBJ Media is a milestone for the 40-year-old company, which has been owned by Indianapolis businessmen Mickey Maurer and Bob Schloss since 1990.

Oil prices see record plunge, falling below $11 per barrel

April 20, 2020 | Bloomberg News

Despite OPEC’s unprecedented output deal agreed a week ago, the oil market remains massively oversupplied as the lockdowns to fight the spread of the coronavirus reduce global crude demand by about a third.

Conrad shuts down temporarily amid record-low occupancy for hotels

April 20, 2020 | Mickey Shuey

The upscale, 247-room Conrad suspended operations on Saturday in what management called a temporary measure “that is reflective of the current business environment.”

conrad condo

State reports 476 more COVID-19 cases, seven additional deaths

April 20, 2020 | IBJ Staff

The department said 47.5% of the state’s intensive care unit beds were still available. About 23% are being used by COVID-19 patients.

President of fast-growing Kennedy Tank & Manufacturing dies of COVID-19

April 20, 2020 | IBJ Staff

Patrick William Kennedy was the fourth-generation president of three family-owned companies, an avid runner and an active participant in motorsports activities.

Richard Wood, CEO of Lilly during transformational era, dies at 93

April 20, 2020 | Mason King

Eli Lilly and Co.’s breakthroughs during Wood’s 18-year tenure included biosynthetic insulin and the category-smashing antidepressant Prozac.

Richard Wood

Restaurants in ‘survival mode’ trim down their menu offerings

April 20, 2020 | Bloomberg News

Offering less variety on their menus helps restaurants get by with fewer workers in the kitchen and makes replenishing food inventory simpler and cheaper.

Shake Shack gets funding, to return paycheck protection loan

April 20, 2020 | Associated Press and Bloomberg News

The company was able to get extra funding late last week through an “equity transaction” and decided to “immediately return” the $10 million paycheck protection loan it obtained through the CARES Act.

Local TV station to broadcast Indianapolis Public Schools lessons daily

April 20, 2020 | Samm Quinn

The owner of WISH-TV Channel 8 and WNDY-TV Channel 23 on Monday announced an agreement with Indianapolis Public Schools to produce and broadcast academic lessons to students in kindergarten through eighth grade.

IBJ Podcast: How buying and selling homes has changed in the COVID era

April 20, 2020 | IBJ Staff

Homes are still selling in central Indiana, even as public officials ask us to severely limit personal contact and any non-essential travel outside the home. How? Agents, buyers and sellers quickly adapted to the new state of affairs.

home selling

Across America, masks are the latest political, cultural divide

April 20, 2020 | The Washington Post

Even as governors, mayors and the federal government urge or require Americans to wear masks in stores, transit systems and other public spaces to contain the spread of the novel coronavirus, the nation is divided about whether to comply.

Shake Shack, Potbelly among chains tapping small-biz funds

April 20, 2020 | Bloomberg News

A review of regulatory filings shows that restaurant chains and companies in industries ranging from mining to manufacturing to cruise travel received large amounts.

Trump says he’s close to deal with Congress on more small business aid

April 19, 2020 | Associated Press

The Trump administration and Congress are nearing an agreement on an aid package of up to $450 billion to boost a small-business loan program that has run out of money and add funds for hospitals and COVID-19 testing.

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