INDOT adds March Madness, Hoosier Hoops Highway signs go up on interstates
Games will be played throughout Indiana beginning Wednesday in Evansville, Indianapolis, Bloomington and West Lafayette.
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Bed Bath & Beyond to go with something new to revive sales
The chain will begin selling eight new store brands this year. The new brands were announced Wednesday by CEO Mark Tritton, who was hired in late 2019 from Target, where he did much the same thing as chief merchandising officer.
Jeffrey Patchen: Sports legends make Indiana the cradle of basketball
It is a national passion that has been churning away across the country and is now culminating in the heartland—in a place where legends have pounded the hardwood, beat the buzzer and lovingly watched the ball kiss the ropes as it sliced through the net.
Zachary Finn: Indianapolis can restore March Madness and reopen the world
Not everyone is willing to do the right thing against their own self-interest. Fewer still are courageous enough to be the first to make such a sacrifice. So it’s only fair that the NCAA tournament comes to our city, in its entirety, so we can lead the charge to open the world back up again.
AES Indiana seeks to boost electric vehicle usage with incentives that could raise overall rates
The utility wants permission to pass along the cost of those incentives to all of its 500,000 customers in the state in the form of higher rates in coming years, whether or not they drive an electric vehicle.
U.S. expected to have enough COVID-19 vaccine for all adults by end of May
Despite the stepped-up pace of vaccine production, the work of inoculating Americans could extend well into the summer, officials said, depending both on the government’s capacity to deliver doses and Americans’ willingness to roll up their sleeves.
U.S. infrastructure gets C- from engineers as roads deteriorate
In its “Infrastructure Report Card” released Wednesday, the group estimated it would cost $5.9 trillion over the next decade to bring roads, bridges and airports to a safe and sustainable level.
Airport prepping for stream of NCAA teams, fans
The airport will be ready for visitors in town for the tournament with new March Madness signage, NCAA-sanctioned pop-up retail shops and enhanced staffing.
Microsoft: China-based hackers found bug to target U.S. firms
Microsoft said that a “highly skilled and sophisticated” state-sponsored group operating from China has been trying to steal information from a number of American targets, including universities, defense contractors, law firms and infectious-disease researchers.
Longtime KAR Global leader Jim Hallett stepping down as CEO
Peter Kelly, who joined the company in 2011 when he sold KAR Auction Services his 11-year-old online vehicle auction firm Openlane, has been named CEO.
Business travel misses out on recovery
The Global Business Travel Association estimates that worldwide spending on commercial travel won’t recover to its pre-pandemic peak of $1.4 trillion until 2025.
Casino exec Ratcliff permanently banned from Indiana gambling industry
Rod Ratcliff, the former chief executive for Centaur Gaming and Spectacle Entertainment, reached a settlement agreement with the Indiana Gaming Commission that requires him to sell his remaining casino ownership shares.
Target planning to spend billions on store improvements, delivery network
As part of the investments, announced Tuesday, Target will accelerate the pace of building small-format stores, with plans to add 30 to 40 new stores this year, up from 29 last year.
Holcomb joins 21 governors in opposing state-allocation formula in stimulus package
The governors issued a statement criticizing President Joe Biden’s plan to allocate most of the aid to states based on the unemployment rate, rather than total population. Indiana would receive $881 million more if previous allocation methods were used.
Todd Young announces Senate reelection bid
Young, 48, had widely been expected to seek another term and made it official on Twitter on Tuesday morning, saying “more work remains” to be done.
Indiana reports 582 new COVID-19 cases, 31 more deaths
The state said more than 587,000 Hoosiers had been fully vaccinated against COVID-19 as of Tuesday. More than 1 million had received the first dose of a vaccination.
Real Estate Weekly: News notes 03/02/21
These news notes appeared in IBJ’s Real Estate Weekly on March 2, 2021: —Store-within-a-store Sephora cosmetics shops are coming to two Indianapolis-area Kohl’s locations as part of a larger collaboration between the two retailers. The new concept, a 2,500-square-foot space branded as Sephora at Kohl’s, is launching at 200 Kohl’s stores this fall, including 4850 […]
Deaths from Alzheimer’s disease, other dementias jumped in 2020, report says
Preliminary reports from the Centers for Disease Control and Prevention indicate that there were at least 42,000 more deaths from Alzheimer’s and other dementias in 2020 compared with the average of the five years prior.
Fed dialing up pressure on Wall Street to ditch LIBOR
Banks have less than a year before the Fed has indicated it will stop allowing them to enter into new contracts pegged to LIBOR, a bedrock of the financial system being phased out by global policy makers.
Official: Merck to help produce rival J&J’s COVID-19 vaccine
The United States now expects to have enough supply of the three approved vaccines to inoculate all eligible American adults by June—although actually delivering the injections could take longer.