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.
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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.
Chase to install solar panels on at least 17 area branches
The installations are happening at Chase branches across the United States, and each installation will provide 30% of that branch’s annual power needs, Chase spokeswoman Carlene Lule said.
Ambrose requests tax break for redevelopment of former Navistar site
The Indianapolis-based developer plans to break ground later this year on the building—its first at the 93-acre site that on the east side Ambrose has branded Indianapolis Central Logistics Park.
Vernon Jordan, civil rights activist, DePauw graduate, dies at 85
Jordan went to DePauw University in Indiana, where he was the only Black in his class and one of five at the college. Distinguishing himself through academics, oratory and athletics, he graduated in 1957 with a bachelor’s degree in political science.
Hoosiers 55-59 now eligible for COVID-19 vaccines; state rolls out 3 mass vaccination sites
The three mass vaccination clinics will be offering the Johnson & Johnson vaccine, which federal officials approved Saturday for emergency use.
Longtime local homebuilder Paul Estridge Jr. retiring
Estridge, 63, said a recent lung transplant, along with other factors, convinced him now was the right time to step away from his company after nearly 40 years in the business.
Digital marketing firm plans 224 jobs in Indy, just months after acquiring local startup SmarterHQ
Wunderkind Corp., a digital marketing company that was known as BounceX until last year, said it would co-locate its operations with SmarterHQ, which continues to maintain its own branding, at 9102 N. Meridian St.
By opting out of video game, Notre Dame calls attention to NIL issue
Notre Dame athletic director Jack Swarbrick said the school went public last week with its decision not to be included in EA Sports’ new college football video game to call attention to a major issue that has not been thoroughly addressed.