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City, groups launch beautification effort to prepare for March Madness

February 5, 2021 | Mickey Shuey

Local officials are scheduling neighborhood cleanups, public art initiatives and a slew of other efforts to help the city put its best foot forward when March Madness takes over downtown next month.

Sitting on billions, Catholic dioceses amassed taxpayer aid

February 4, 2021 | Associated Press

Overall, the nation’s nearly 200 dioceses and other Catholic institutions received at least $3 billion. That makes the Roman Catholic Church perhaps the biggest beneficiary of the Paycheck Protection Program

J&J asks U.S. regulators to OK its one-shot COVID-19 vaccine

February 4, 2021 | Associated Press

J&J’s vaccine was safe and offered strong protection against moderate to severe COVID-19, according to preliminary results from a massive international study.

Laikin’s second SPAC IPO has strong trading debut

February 4, 2021 | Greg Andrews

Novus Capital Corp. II raised $250 million, capital it plans to plow into the purchase of a company or companies in the “smart technology innovations” market.

Indiana lawmakers propose using cigarette tax for Medicaid

February 4, 2021 | Associated Press

A House committee made significant changes Thursday to the way Indiana would spend proceeds from a proposal to hike the state’s cigarette tax for the first time in more than a decade and impose a new state tax on vaping liquids.

Solid company earnings send stock indexes higher

February 4, 2021 | Associated Press

The S&P 500 rose 1.1%, to a record high. A measure of small-company stocks rose twice as much, a bullish signal that investors are feeling more optimistic about the economy.

Latest bill would bar NCAA limits on athlete image rights

February 4, 2021 | Associated Press

U.S. Sen. Chris Murphy (D-New York) introduced a bill Thursday that would guarantee college athletes the right to earn money from endorsements and sponsorship deals while barring the NCAA, schools and conferences from imposing restrictions.

Old Town pitches expanded Union Square, new townhouse project in Westfield’s downtown

February 4, 2021 | Kurt Christian

Carmel-based Old Town Cos. is planning $80 million of residential and commercial development in Westfield’s downtown surrounding the city’s forthcoming Grand Junction Plaza. Updated plans include doubling Union Square and adding new townhouses.

Pandemic claims Broad Ripple Art Fair for second straight year

February 4, 2021 | IBJ Staff

The Broad Ripple Art Fair is a major annual fundraiser for the Indianapolis Art Center, which estimated it lost $350,000, about 10% of its annual income, from the cancellation of 2020 event.

What we’re loving: A brass bar cart from Two Chicks District Co.

February 4, 2021 | Lesley Weidenbener

This Art Deco-inspired two-tiered brass cart features a mango wooden top and a built-in ice bucket.

Indiana’s COVID-19 death toll rises past 11,000

February 4, 2021 | IBJ Staff

The Indiana State Department of Health on Thursday added 1,507 historical deaths to the cumulative COVID-19 death total, increasing it to 11,231. The department said those deaths were identified through an audit of 2020 and 2021 death records and test results.

Cummins saw stiff drop in sales, profit in 2020, but exceeded market expectations

February 4, 2021 | Susan Orr

The Indiana-based manufacturer said sales in North America declined 21% last year, but its sales in China reached record levels, up 25% from the previous year.

State lawmakers consider new emergency session rules

February 4, 2021 | Lindsey Erdody

The House Rules and Legislative Procedures Committee on Thursday amended a bill to create what would be called an “emergency session,” which would allow lawmakers to convene at any time during a statewide emergency.

Statehouse

Big Ten moving men’s basketball tournament to Indianapolis, sources say

February 4, 2021 | Mickey Shuey

The tournament will be played March 10-14 at Lucas Oil Stadium, sources say, because the women’s basketball tournament is already planned for Bankers Life Fieldhouse on overlapping dates.

Carmel distiller turns hand sanitizer pivot into a community fundraising platform

February 4, 2021 | Kurt Christian

Eric Stam, co-founder and CEO of the Carmel-based Crossroads Distillery, started diversifying his alcohol production facility’s operations in April to launch a cleaning solution fundraising business earlier this week.

Indiana to receive $12.6M as part of $573M opioid crisis settlement

February 4, 2021 | Associated Press and IBJ Staff

The global business consulting firm McKinsey & Company has agreed to a $573 million settlement with 49 states over its role in advising companies on how to “supercharge” opioid sales amid an overdose crisis. 

Purdue researchers develop technology that could replace Morse code

February 4, 2021 | Anthony Schoettle

The Purdue team has created technology aimed at replacing the dots and dashes with colored digital characters to modernize optical storage. And that advancement might hit closer to home than you think.

Letter: IBJ should stick to business mission

February 4, 2021

The IBJ is a weekly business journal, not a common daily. Calibrate accordingly.

Online clothier to create up to 980 jobs in Plainfield

February 4, 2021 | Mason King

Stitch Fix Inc., a fast-growing and publicly traded firm that uses artificial intelligence to help online shoppers assemble personalized wardrobes, plans to hire as many as 980 workers for new warehousing operations in the Plainfield area.

Keeping it simple helps some states race ahead with COVID vaccine rollouts

February 4, 2021 | The Washington Post

The nation’s states are all pushing to deliver a potentially lifesaving defense against the novel coronavirus to millions of arms. But some states are having far more success than others.

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