Dow drops 7.8% as crashing oil prices, virus fears slam markets
The Dow Jones industrial average on Monday suffered its steepest drop since the financial crisis of 2008.
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IU School of Medicine gearing up for move to new campus near Methodist Hospital
The Indiana University School of Medicine plans to leave its longtime home on the IUPUI campus and move about two miles north as part of a new “academic health campus” near Methodist Hospital.
All-payer claims database legislation receives final passage in Legislature
The database is expected to provide cost information for specific health care procedures by facility name and allow individuals to shop around for the best price.
Bill that freezes unemployment trust fund contribution rates headed to Holcomb
The contribution rates used to determine how much Indiana businesses pay into the state’s unemployment trust fund will be frozen for another five years under legislation passed by both the Indiana House and Senate.
Saudi-Russia oil fight melts markets, targets U.S. oil patch
Oil prices fell Monday by the most in one day since the 1991 Gulf War. The price of U.S. crude fell as much as 34%, to $27.34 a barrel, the lowest price since early 2016. Here’s what’s driving the price drop.
UPDATE: Virus fears, crashing oil prices take toll on stock market
The steep drop followed similar falls in Europe after a fight among major crude-producing countries jolted investors already on edge about the widening fallout from the outbreak of the new coronavirus.
Hendricks County elementary school student has positive COVID-19 test, school district says
This is the third reported positive test for COVID-19 in Indiana, and the second in Hendricks County.
IBJ Podcast: These downtown hotel projects appear stalled
Nineteen hotel projects have been announced for downtown. If every one of them opens, they would add 4,203 more rooms to the central district of Indianapolis. But that’s not likely.
Owner of prime downtown parking lot considering hotel development
A Peachtree official said the company bought the land for the development opportunity and is now “evaluating our options to potentially build on the lot.”
Stocks, oil prices plunge as virus closes sites around world
The world’s largest economies delivered more worrisome cues Monday as anxiety over the virus outbreak sent stock and oil prices plunging and closed sites from the Sistine Chapel to Saudi Arabian schools.
Seven-time NASCAR champ Johnson to test IndyCar
Jimmie Johnson said he’s going to do an IndyCar team test with McLaren Racing on April 6.
Eli Lilly asking employees to work from home due to coronavirus
Indianapolis-based Lilly, the 12th largest employer in Indiana with 10,600 workers in the state, said it didn’t have a specific timeline for how long the precaution would last.
Oil plunges 25% as another virus-fueled trading week begins
Oil prices are plunging amid worries that an OPEC dispute will lead an economy weakened by COVID-19 to be awash in an oversupply of crude.
Anxiety grips companies around globe as virus spreads
Since breaking out of China, the coronavirus has had a chilling effect on companies related to manufacturing, travel and tourism, which then hampers other industries and weakens consumer confidence.
New owners rename Amish tourist site as The Barns at Nappanee
Formerly known as Amish Acres, the attraction has drawn about 150,000 visitors annually to its historical cabins, barns and other structures.
Indiana announces second COVID-19 case, also connected to Boston conference
The patient is from Hendricks County and attended a BioGenconference in Boston, where numerous other cases of COVID-19 have been reported.
Indiana Landmarks aims to save county’s historic old jail
Tipton County’s old jail is on the National Register of Historic Places, which makes it eligible for various grants and other financial incentives such as tax credits.
Major downtown convention postponed due to coronavirus outbreak
A conference and trade show that was expected to draw nearly 10,000 people to Indianapolis is the first local convention to be postponed or called off due to the virus.
Health officials in Indiana seek money, manpower after first COVID-19 case surfaces
Tracking down who might have come into contact with the first patient to test positive will require plenty of legwork, and more cases are sure to arise, officials said.
BOHANON & CUROTT: Delivering a commodity is tricky if it’s considered a public ‘right’
Politicians often proclaim that certain goods and services such as health care, housing and internet service are human rights.