Local developer Gershman buys old Books & Brews building in Broad Ripple
The firm is keeping its options open for the site—including upgrading the existing building or redeveloping it entirely.
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Trump administration rolls back future mileage standards for vehicles
The Trump administration says the looser mileage standards will allow consumers to keep buying the less fuel-efficient but safer-to-drive SUVs that U.S. drivers have favored for years.
Coronavirus cases surge to 2,159 in state, 964 in Marion County
The Indiana State Department of Health reported that 13,373 people have been tested so far, up from 11,658 in Monday’s report.
Gas is getting even cheaper, but motorists have nowhere to go
Demand is weak because so many Americans are under shelter-in-place rules and businesses have been closed because of the coronavirus outbreak.
Carmel auto finance firm calling it quits after 33 years, terminating 127 employees
Carmel-based auto finance company Coastal Credit LLC plans to end operations and terminate all of its employees by the middle of this year, the company said in a letter to the state.
Some Instacart, Amazon workers strike as jobs get riskier
The one-day strikes had little impact on consumers, but the unrest called attention to mounting discontent among low-wage workers who are on the front lines of the pandemic.
UPDATE: Macy’s, Kohl’s, Gap furloughing most employees amid coronavirus shutdown
Macy’s, Kohl’s and Gap Inc. all said Monday they will stop paying tens of thousands of employees who were thrown out of work when the chains temporarily closed their stores and sales collapsed as a result of the pandemic.
Indiana’s finances taking big blow from coronavirus crisis
Perhaps $1 billion will have to be spent from the state’s $2.3 billion in cash reserves to get through the budget year that ends June 30, Gov. Eric Holcomb said Friday.
Stocks surge for fourth time in five days amid tentative trading
Stocks were led by big gains for health care companies announcing developments that could aid in the coronavirus outbreak.
FDA authorizes widespread use of unproven drugs to treat coronavirus
The Food and Drug Administration has given emergency approval to a plan to distribute millions of doses of anti-malarial drugs to hospitals across the country, saying it is worth the risk of trying unproven treatments to slow the progression of the disease in seriously ill coronavirus patients.
UPDATE: State working to double ICU beds, ventilators, as 5,300 health care workers volunteer
| John Russell and IBJ Staff
The state said more than 5,300 health care workers who are not currently working in hospital settings have volunteered to help during the projected coronavirus surge, which is expected to begin in mid April.
Other cities scramble to erect field hospitals, but Indy remains mum
IUPUI said Monday it is cleaning and sanitizing University Tower to house health care workers, but no plans have been announced locally for temporary field hospitals.
City, Indy Chamber aim to raise $10M for rapid-loan fund for small businesses
Nearly $3 million has already been committed to the fund, including $1 million from Indianapolis-based Anthem Inc. and $1.5 million from the city of Indianapolis.
WISH-TV signs news-broadcasting agreement with South Bend station
WHME-TV Channel 46 plans to broadcast 60 hours of live WISH news starting April 6, WISH owner Circle City Broadcasting announced.
GM says it’s moving as fast as possible to make ventilators in Indiana
Experts on managing factory production say GM is making an extraordinary effort for a company that normally isn’t in the business of producing ventilators.
Coronavirus cases rise to 1,786 in state, 804 in Marion County
The Indiana State Department of Health has reported 805 new cases in the state over the past three days.
IBJ Podcast: Sahm’s—one restaurant company’s story about the impact of coronavirus
Sahm’s Restaurant Group has retooled its operations to benefit the not-for-profit Second Helpings and to create a series of marketplaces, where customers can get takeout meals as well as grocery items.
Visit Indy to cut employee hours amid forced events lull
The tourism bureau’s 62 employees will see their work weeks cut to four days through at least April.
Witham Health Services sued over pediatrician convicted of child molestation
The lawsuit, brought on behalf of one of the victims of Dr. Jonathon Cavins, says a 2004 sexual battery case against him should have been a red flag.
Instacart workers seek strike as jobs get busier, riskier
A group called the Gig Workers Collective is calling for a nationwide walk-out Monday. They’ve been asking Instacart to provide workers with hazard pay and protective gear, among other demands.