Another 2.1M file unemployment claims, including 26,278 in Indiana
About 41 million people have applied for aid since the virus outbreak intensified in March, but about half of them have gone back to work.
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Mail-in voting could turn Election Day into Election Week
State election officials in some key battleground states have recently warned that it may take days to count what they expect will be a surge of ballots sent by mail out of concern for safety amid the pandemic.
Boeing cuts 12,000 jobs, resumes production of grounded jet
Shortly after disclosing the job cuts, Boeing announced Wednesday that it has resumed production of the grounded 737 Max jetliner. Two deadly crashes of Max jets pushed Boeing into a financial crisis months before the coronavirus squeezed global air travel to a trickle.
Ambitious plan aims to provide online access to thousands of city students
During the coronavirus outbreak, U.S. schools are using online instruction more than ever before. But a lot of students simply don’t have the reliable, high-speed internet access they need to participate.
Late-session spurt lifts Dow above 25,000 for the first time since early March
The Dow Jones industrial average jumped 553 points Wednesday, about 2.2 percent. Financial stocks and beaten-up industrials helped power the blue chips—a comeback that signals confidence in the recovery.
As pandemic delays continue, Minor League Baseball season facing growing doubts
According to more than a half-dozen general managers and player development executives, the best hope of salvaging even part of a minor league season might not come until late summer, and it could center more on intrasquad games rather than a full season.
Could pandemic put a damper on rising CEO compensation?
The pay gap between the boss and their workforces widened further last year, according to AP’s annual survey of executive compensation, but the impact of COVID-19 could eventually shrink that divide, or maybe even widen it.
U.S. House poised for first-ever proxy vote amid political wrangling
Deadlocked over the next big coronavirus relief bill, Congress is shifting its attention to a more modest overhaul of small-business aid in hopes of helping employers reopen shops and survive the pandemic.
Indiana regulators agree to hear utility request to raise rates in wake of pandemic losses
Two weeks after 10 Indiana utilities asked state regulators for permission to charge ratepayers for millions of dollars in revenue the utilities stand to lose because of the COVID-19 pandemic, the state has agreed to consider the matter.
Indiana’s COVID-19 case total rises by 359, deaths by 21
The Indiana State Department of Health said Wednesday that the cumulative death toll in the state rose to 1,871, up from 1,850 the previous day.
For first time, a woman tops AP’s annual survey of CEO compensation
Women remained significantly underrepresented as CEOs on the list, heading just 5% percent of S&P 500 companies.
Indy PopCon calls off July extravaganza, plans online film festival
The comic and popular-culture convention was expected to draw about 40,000 people downtown to the Indiana Convention Center.
Marion County to ease more pandemic restrictions starting Friday
Indianapolis Mayor Joe Hogsett on Wednesday said he will begin easing more of Marion County’s pandemic-related restrictions starting Friday, but most of the changes won’t take place until Monday.
Tuesday Morning becomes fifth big retailer to file Chapter 11
Tuesday Morning has 13 stores in Indiana, including three in Indianapolis, one in Carmel and one in Fishers.
Carmel firm invents unique hand-washing system
3Oe Scientific, which spun off from Delta Faucet, is trying to commercialize a device that kills viruses and bacteria with ozone-infused water.
Beyond COVID podcast: Use a ‘crisis journal’ to track key decisions
Netlogx has been working to help clients navigate the difficulties of the pandemic. And one of its key pieces of advice to business leaders is to keep a crisis journal. And to do it every day because the situation and information has been changing so quickly.
Memorial Day weekend gave Indianapolis restaurants a small boost, report says
Indianapolis restaurants got a much-needed boost during the Memorial Day weekend, as in-person dining services resumed for the first time in more than two months—at least on an outdoor basis. But dining numbers paled in comparison to a year ago.
Derek Daly says money ‘secondary’ issue in suit against Emmis, Colts, broadcasters
Former IndyCar driver and longtime television racing analyst Derek Daly said he’s not looking to settle a lawsuit he filed last week against Emmis Communications Corp., the Indianapolis Colts, former announcer Bob Lamey and Emmis on-air sports personality Joe Staysniak.
Terre Haute prison inmate with COVID-19 dies; 3 others have virus
Some prisoners at the federal prison in Terre Haute have asked for early or home release because of the pandemic, including former Indianapolis-area executives Paul Elmer and Thomas Buck.
Stocks soar as New York Stock Exchange reopens floor to traders
All 11 S&P stock sectors advanced, led by financials and industrials, which had been unloved sectors. Their comeback is a sign that the slow recovery is broadening.