IU Health sees operating income plunge 34% over first half of year
The pandemic took a huge bite out of routine surgeries and other highly profitable procedures at the state’s largest hospital system.
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Stocks rally worldwide, S&P 500 back to within 3% of record
Gains for tech stocks, particularly Microsoft and Apple, pushed the Nasdaq composite up 1.5%, to another record.
House panel calls on new postal chief to explain mail delays
Postal Service officials, bracing for steep losses from the nationwide shutdown caused by the pandemic, have warned they will run out of money by the end of September without help from Congress.
U.S. Treasury projects record Q3 borrowing of $947 billion
The Congressional Budget Office is projecting that the deficit for this year will soar to $3.7 trillion, far surpassing the previous record deficit of $1.4 trillion in 2009, the first time the shortfall for a single year topped $1 trillion.
Virus relief bill remains up in air as negotiations resume
Both the Trump administration negotiating team and top Capitol Hill Democrats remain far apart, and talks since Saturday—when the combatants announced modest progress—have yet to lend momentum.
Community Health loses $40M in first half of year, cuts 80 administrative jobs
The hospital has made more than $60 million in cuts, including the elimination of its 401(k) match through the rest of the year and the closing of a rehabilitation hospital in Kokomo.
Central Indiana school temporarily closes after positive virus test
Meanwhile, parents and caregivers of football players at an Indianapolis high school have been told to monitor their children after a player at Warren Central tested positive for the virus.
City sets first public meeting on reforming public safety
The first public meeting will include a first look at initial survey results as well as data that has been gathered by the Criminal Justice Lab.
Indiana reports another 582 COVID-19 cases as testing slows
Marion County reported an increase of 153 cases, the 18th straight day that cases in the county have risen by more than 100.
Republic Airways to furlough 293 in Indianapolis, 2,500 company-wide
Indianapolis-based Republic expects the layoffs to take place in two waves on Oct. 1 and Nov. 1, although they likely will be temporary for local pilots, flight attendants, dispatchers and maintenance facility employees.
Parent of Men’s Wearhouse, Jos. A. Bank goes bankrupt
Tailored Brands, the owner of Men’s Wearhouse, Jos. A. Bank and K&G Fashion Superstore, has 11 total stores in the Indianapolis area.
7-Eleven owner to buy Speedway gas stations for $21 billion
Tokyo-based Seven & i Holdings plans to acquire about 3,900 Speedway stores in 36 states. Indiana is one of Speedway’s largest markets.
Lilly to start testing experimental treatment for COVID-19 in nursing homes
The Indianapolis-based drugmaker said it will enroll about 2,400 residents and staff of nursing homes to test an antibody it is developing with a Canadian biotech. Nursing homes account for about 40% of U.S. deaths from COVID-19.
IBJ Podcast: The owner of Windsor Jewelry talks about surviving the riots and pandemic
Plus, hear from Mayor Joe Hogsett, who spoke to IBJ’s editorial board last month about some of the very problems Bires is concerned about for downtown.
Parenting: ‘The mom shame is so real’: There’s no way to win in the pandemic
As schools across the country announce their plans for the fall, working parents are forced to choose from an array of bad options: Send your kids back to school, if it’s open, and risk coronavirus exposure—or keep them home with little or no supervision as you try to simultaneously parent, do your job and monitor your child’s online schooling.
Decor: Inspired by her own divorce, a designer creates a formula for a home that heals
McFadden walked herself through a four-step plan to design a home where she could overcome the grief of her separation—and through the process, she learned how a space can heal and unlock potential.
U.S. lawmakers say deal on coronavirus relief remains elusive
U.S. House Speaker Nancy Pelosi, Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows made clear in separate interviews Sunday that they remain far apart on another pandemic relief package.
Ransomware feared as possible saboteur for November election
Federal authorities say one of the gravest threats to the November election is a well-timed ransomware attack that could paralyze voting operations. The threat isn’t just from foreign governments, but any fortune-seeking criminal.
Microsoft confirms talks seeking to buy U.S. arm of TikTok
Microsoft confirmed Sunday it has discussed with President Donald Trump his concerns about security and censorship surrounding such an acquisition.
Indiana reports 784 new COVID-19 cases, four more deaths
The state on Sunday said Marion County saw an increase of 132 cases, the 17th straight day that cases in the county have risen by more than 100.