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Westfield considers alternative trail crossing, new neighborhood, concrete facility

November 10, 2020 | Kurt Christian

The Westfield City Council made no formal votes Monday night regarding the proposed Somerset development by Silverthorne Homes, Patch Development’s proposed concrete production facility or the potential for signalized crosswalk where the Monon Trail meets 161st Street.

Simon, partners plan to shake up merchandise mix at J.C. Penney

November 10, 2020 | Susan Orr

Simon Property Group, which is expected to acquire J.C. Penney out of bankruptcy with partners in an agreement approved Monday, reported third-quarter results that fell short of Wall Street expectations.

Much at stake as Supreme Court weighs future of Obamacare

November 9, 2020 | Associated Press

What’s at stake has real-world consequences for just about every American, as well as the health care industry, a major source of jobs and tax revenues.

U.S. allows emergency use of Lilly’s COVID-19 antibody drug

November 9, 2020 | Associated Press

The Food and Drug Administration on Monday cleared the experimental drug from Indianapolis-based Eli Lilly and Co. for people 12 and older with mild or moderate COVID-19 not requiring hospitalization. It’s a one-time treatment given through an IV.

Dow climbs more than 800 points as vaccine news revs up markets

November 9, 2020 | The Washington Post

Global markets roared Monday, with the Dow Jones industrial average soaring to intraday highs not seen since February.

Trump faces long odds in challenging state vote counts

November 9, 2020 | Associated Press

Republican surrogates for President Donald Trump resumed their legal fight Monday to try to stop the vote count in key battleground states, including Pennsylvania and Michigan.

Fall Creek Place eatery Shoefly cites pandemic for closure

November 9, 2020 | IBJ Staff

Shoefly Public House suspended operations on Saturday after a staff member tested positive for COVID-19. The initial plan was to reopen, but the owners soon decided to make the closure permanent.

Amid pandemic, 66 Indiana hospitals facing fines for excessive readmissions

November 9, 2020 | John Russell

The federal government says readmissions are often unnecessary and cost taxpayers tens of billions of dollars a year for treatments that should have been caught the first time around, or were not followed up adequately.

State Board of Accounts finds noncompliance in Westfield’s Bullpen contracts

November 9, 2020 | Kurt Christian

A state-level review of Westfield’s 2018 finances found city officials failed to comply with state laws and guidelines when they entered into an informal agreement with Bullpen Tournaments.

First Merchants to acquire Indianapolis-based Hoosier Trust Co.

November 9, 2020 | Susan Orr

Muncie-based First Merchants plans to acquire Hoosier Trust for $3.2 million in a deal that is expected to close early next year.

Steak n Shake closes 13 more restaurants amid slowing customer traffic

November 9, 2020 | IBJ Staff

Steak n Shake revenue plummeted to $78.8 million in the third quarter, down from $141.3 million a year ago.

COVID-19 hospitalizations reach new high as state reports 4,213 more cases

November 9, 2020 | IBJ Staff

The Indiana State Department of Health on Monday said the seven-day moving average for COVID-19 cases reached another all-time high of 4,212.

IU economic forecast expects recovery to slow, jobless rate to remain elevated

November 9, 2020 | IBJ Staff and Associated Press

The forecast holds out hope for positive economic growth in the second half of 2021 in Indiana, but it assumes the state will either remain at Stage 5 of Gov. Eric Holcomb’s reopening plan or operate under even fewer restrictions.

Stocks skyrocket to record levels on Pfizer’s optimistic vaccine news

November 9, 2020 | Associated Press

Markets were already sharply higher on the U.S. election result when Pfizer said that research shows vaccine shots may be 90% effective at preventing COVID-19, indicating the company is on track this month to file an emergency-use application with U.S. regulators.

Pfizer says COVID-19 vaccine is looking 90% effective

November 9, 2020 | Associated Press

The coronavirus shots, made by Pfizer and its German partner BioNTech, are among 10 possible vaccine candidates in late-stage testing around the world—four of them so far in huge studies in the U.S.

IBJ Podcast: Democrats were supposed to have a big year in Indiana. They didn’t. Why not?

November 9, 2020 | IBJ Staff

Podcast host Mason King talked with University of Indianapolis political science professor Laura Merrifield Wilson and IBJ political reporter Lindsey Erdody about the messages Indiana voters sent at the polls.

Charter allies sweep IPS school board election to win four seats

November 9, 2020 | Dylan Peers McCoy, Chalkbeat Indiana

The board faces a host of challenges, including how to cut the district’s spending, how to fulfill its commitment to racial equity, and how to stem the learning loss wrought by school closures during the pandemic.

Nursing home COVID-19 cases rise four-fold in surge states

November 9, 2020 | Associated Press

Nursing homes and other long-term care facilities account for about 1% of the U.S. population, but represent 40% of COVID-19 deaths, according to the COVID Tracking Project.

Biden plans immediate flurry of executive orders to reverse Trump policies

November 9, 2020 | The Washington Post

Biden’s top advisers have spent months quietly working on how best to implement his agenda, with hundreds of transition officials preparing to get to work inside various federal agencies.

$40M data center opens in northwest Indiana

November 8, 2020 | Associated Press

Roughly half of the center has been leased for servers that’ll be connected to a fiber line to downtown Chicago.

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