J.C. Penney files for bankruptcy, plans to close some stores
The 118-year-old retailer was struggling long before the public health crisis forced it to temporarily shutter all of its stores.
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Grand Park set to reopen, launches study to gather feedback
The Grand Park Sports Campus in Westfield has a preliminary plan to begin reopening on May 24, but it wants to make sure the public is OK with the steps it is taking to reactivate youth sports.
Election results could be delayed as many more Hoosiers vote by mail
Processing a large number of absentee ballots coupled with the need to follow other coronavirus prevention measures may mean some counties won’t see results election night, Lawson said.
Ravaged Indy hotels in danger of delinquencies, defaults
Experts say hotels of all sizes are under tremendous stress as revenue for many falls below the levels needed for debt payments.
Lawsuit claims IDEM official ‘maliciously targeted’ environmental company, gas stations
Claiming an IDEM official gave “disparate treatment out of sheer vindictiveness” and “orchestrated a campaign of official harassment,” environmental consultants and business owners have filed a lawsuit against the Indiana Department of Environment Management and a deputy assistant commissioner.
Lawsuit claims U.S. plan for Indiana forest could taint water supply
The lawsuit, filed Wednesday in federal court, alleges that the Forest Service violated several environmental acts when it decided to proceed with the project in the Lake Monroe watershed, which serves all of Monroe County.
Indiana attorney general argues suspension doesn’t oust him
Lawyers for Indiana’s attorney general argued Friday that he has the legal right to remain in office even while serving a 30-day suspension of his law license for groping a state legislator and three other women.
Trump still confident in virus test despite false negatives
The Food and Drug Administration announced late Thursday it was investigating preliminary data suggesting the Abbott Laboratories test can miss COVID-19 cases, falsely clearing infected patients.
Federal judge lets suit alleging DCS failed to protect children proceed
A lawsuit alleging harm and constitutional violations by the Indiana Department of Child Services has survived a motion to dismiss.
Finance vets angle for control of Protective Insurance
The business—formerly Baldwin & Lyons Insurance—is one of central Indiana’s oldest public companies.
Crisis puts Holcomb center stage—and that comes with risks, rewards
According to a recent poll conducted by Indy Politics and Change Research, 63% of Hoosiers say they approve of how Holcomb has responded to the pandemic, and 54% say the state is headed in the right direction. But Holcomb’s overall approval rate—at 47%—trailed the numbers for his handling of the coronavirus crisis.
HAHN: Understand the three stages of planning for retirement
In economics, there are only three ways to produce income—land, labor and capital. If you want to stop laboring [retire, reach financial independence, whatever], you need to acquire the other two.
Indiana credit unions pursue growth by buying banks
The banking industry, which argues that credit unions’ tax-exempt status gives them an unfair edge, objects to the trend.
Risk of reopening U.S. economy too fast: A W-shaped recovery
Now, as President Donald Trump and many Republicans press to reopen the economy, some experts see an ominous risk: That a too-hasty relaxation of social distancing could ignite a resurgence of COVID-19 cases by fall, sending the economy back into lockdown.
The car is staging a comeback, spurring oil’s recovery
James Li, a public relations account director, would rather spend an hour sitting in Beijing traffic than risk 30 minutes exposed to crowds on a train. “Traffic is as bad as it could be” but the subway is still too dicey, he said. In Frankfurt, real estate assistant Anna Pawliczek is driving to work for […]
Liz Malatestinic: New normal? It’s the evolving normal.
Perhaps the biggest key to making effective plans in all this is flexibility.
Memory Bank: Eating popsicles in the 1950s
This photograph of children eating popsicles in front of an old store was taken by James O. Fox at an unmarked location, but likely on the near-west side in the 1950s.
Editorial: Delta’s Indy-to-Paris flight is still worth fighting for
The Indianapolis International Airport’s journey back from the coronavirus crisis won’t be complete—and the city and state won’t be made whole—without the return of nonstop service overseas.
Marina Hadjioannou Waters: Communication—with all communities—is critical in a crisis
We must provide as many people as possible access to health and safety information in their primary language. Failure to do so threatens the health of every one of us.
Kenny Blickenstaff: Pandemic helps explode the investment diversification myth
Reality seems to echo Warren Buffett, who famously stated, “Diversification is protection against ignorance. It makes little sense if you know what you are doing.”