Committee gives preliminary OK for $12.25M in TIF bonds for two projects
The projects include a two-building development in Broad Ripple that would serve as the headquarters for the staffing firm Eight Eleven Group.
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Anthem tops third-quarter forecasts as it absorbs big expense hit
Operating revenue for the Indianapolis-based insurer climbed 16% from the same quarter last year to $30.65 billion. But net income fell to $222 million from $1.18 billion.
Illinois governor bans indoor dining in Chicago as virus cases surge
Chicago Mayor Lori Lightfoot says she isn’t sure the governor’s new restrictions are targeting the right people and worries that they will adversely affect the city’s economy.
Libertarian candidate repeatedly attacks Holcomb during gubernatorial debate
During the discussion, the candidates answered questions about job creation, broadband internet, marijuana, a COVID-19 vaccine, racial disparities, redistricting and what time zone Indiana should be.
Push for pre-election stimulus checks fails as lawmakers head for the exits
President Donald Trump said Tuesday that the White House would approve a big stimulus package after the election and predicted that Republicans would retake control of the House of Representatives.
Marion County clerk extends early voting hours in her office to meet demand
Marion County Clerk Myla Eldridge is extending early voting hours in her office beginning Wednesday as the county tries to accommodate an unprecedented number of voters casting early ballots, leading to hours-long lines.
New polls show Holcomb with comfortable lead in governor’s race
Roughly half of the respondents in the two polls favored Republican incumbent Eric Holcomb in the Indiana governor’s race, followed by Democrat Woody Myers and Libertarian Donald Rainwater.
COVID-19 kills 51 more Hoosiers as cases top 2,000 for fifth straight day
The Indiana State Department of Health on Tuesday reported that the seven-day moving average for cases has reached an all-time high of 2,282.
Early voting in Marion County nearly triples 2016 early voting turnout
Through Monday, 125,506 voters in Marion County had already cast a ballot, either in person or by mail.
Employ Indy, Ascend Indiana launch paid high school apprenticeship program
The apprenticeship will enable high school students to attain soft skills, technical skills and relevant work experience in growing, high-demand industries.
Lilly still bullish on COVID-19 therapy, despite end of trial
Although federal officials pulled the plug on a trial testing a Lilly antibody drug for people hospitalized with COVID-19, other studies for the therapy are continuing on populations that could become big markets.
Cummins stock surges to record on better-than-expected third-quarter results
The Columbus-based engine maker’s third-quarter revenue and net income rebounded better from pandemic-related lags than analysts had expected.
Starch manufacturer seeks $2.6M tax break for expansion plans
The company does not plan to add any jobs as it expands operations southwest of downtown, but it will retain 374 employees who earn an average hourly wage of $33.92.
Restaurant supplier planning new warehouse downtown along Senate Avenue
Zesco Restaurant Supply needs to replace a nearby warehouse that will be demolished as part of IU Health’s massive expansion of its Methodist Hospital campus in coming years.
UPDATED: Lilly antibody drug fails in COVID-19 study for hospitalized patients
| Associated Press and IBJ Staff
The discontinuation of the study, along with the release of third-quarter earnings that fell short of analysts’ expectations, caused Lilly shares to fall 3.5% in premarket trading Tuesday.
Hospitals nationwide see flood of COVID-19 patients
| The Washington Post and IBJ Staff
Forty-one states and Puerto Rico have more hospitalized COVID-19 patients now than at the end of September, and 22 of those states have seen increases in excess of 50%, according to health data analyzed by The Washington Post.
Bonuses before bankruptcy: Companies doled out millions to executives before filing for Chapter 11
Labor experts and bankruptcy attorneys say the payouts are particularly egregious—and unjustifiable—during an economic crisis, and were timed to bypass a 2005 law passed specifically to prevent executives from prospering while their companies flailed.
Pence skips final confirmation vote for Barrett after latest coronavirus outbreak at White House
A group of 10 Democratic senators, led by Minority Leader Chuck Schumer of New York had urged Pence in a letter to stay away from the chamber given the latest outbreak of the coronavirus at the White House.
Barrett confirmed as Supreme Court justice in partisan vote
Trump’s choice to fill the vacancy of the late liberal icon Ruth Bader Ginsburg potentially opens a new era of rulings on abortion, the Affordable Care Act and even his own election. Democrats were unable to stop the outcome, Trump’s third justice on the court, as Republicans race to reshape the judiciary.
Barrett ads tied to interest groups funded by unnamed donors
Overall, the Judicial Crisis Network, which was founded in 2005 to promote President George W. Bush’s nominees, said it would spend at least $10 million to support Barrett’s confirmation—roughly the same amount it spent to successfully advocate for Trump’s prior picks for the high court, Justices Neil Gorsuch and Brett Kavanaugh.
