Steak n Shake permanently closes 57 restaurants amid dismal first quarter
With its restaurants limited to drive-thru, takeout or delivery for much of March because of the virus outbreak, the burger chain saw quarterly revenue plummet by $59 million.
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IBJ Podcast: Wedding season walloped by COVID leads to postponements, tears, pizza parties
Hundreds of thousands of couples who for months have been picking preachers, flowers, venues, bridesmaid dresses, reception menus and DJ playlists now find themselves making a heart-wrenching, no-win decision.
Restaurants in most of Indiana have OK to reopen dining rooms
In addition, personal services such as hair salons, barber shops, nail salons, spas and tattoo parlors are allowed to open in 89 of 92 counties Monday—by appointment only.
Semiconductor companies consider new plants in United States
Intel and a Taiwanese company are talking to the Trump administration about building new semiconductor plants in the United States amid concern about relying on suppliers in Asia for chips used in a wide variety of electronics.
U.S. approves new coronavirus antigen test with fast results
Antigen tests can diagnose active infections by detecting the earliest toxic traces of the virus rather than genetic code of the virus itself. The developer said the test can provide an accurate, automated result in 15 minutes.
Pence self-isolating after exposure to aide with virus
An administration official said Vice President Pence was voluntarily keeping his distance from other people in line with guidance from the Centers for Disease Control and Prevention. He has repeatedly tested negative for COVID-19 but was following the advice of medical officials.
State reports 394 additional COVID-19 cases, 17 more deaths
The Indiana State Department of Health on Sunday reported that 140,029 people have been tested so far, up from 135,686 in Saturday’s report—an increase of 4,373.
Delphi pork plant resumes operations after 2-week closure
Workers returned Friday to Indiana Packers Corp. plant following the completion of coronavirus testing of its 2,267 workers. More than 300 plant workers tested positive for the coronavirus, about 13% of its workforce.
State reports another 586 COVID-19 cases as testing hits second straight high
The Indiana State Department of Health said Saturday that the cumulative death toll in the state rose to 1,362, up from 1,328 the previous day—an increase of 34.
Stocks post weekly gain despite dismal jobless report
Shares of energy, industrial and consumer staples companies helped the S&P 500 register its first weekly gain in three weeks.
UPDATE: Indiana’s April revenue nearly $1B below budget projections
Budget officials predicted Indiana would collect nearly $2.2 billion in revenue in April, but it only received $1.23 billion, for a difference of $964 million.
About three-quarters of U.S. Catholic parishes applied for government paycheck protection
About 13,000 of the country’s 17,000 Catholic parishes applied for the government’s small-business stimulus program, and about half have so far received the requested funds, according to the church’s group for diocesan fiscal managers.
Pandemic wreaks havoc on massive wedding industry
The onslaught of COVID-19 cases in Indiana, just as wedding season was getting underway, has forced thousands of couples to make quick and often heart-wrenching decisions about how to proceed.
Conventions rush to reschedule, make most of 2020 events
The local tourism industry is bracing for a “very tough” end to 2020, despite efforts to reopen the state by July 4.
MAGGIE PHELPS: Clarity comes in the still chaos of life at home
Companies, just like individuals, are learning hard lessons right now, too, clinging to old ways of doing things while grasping for creative solutions.
Memory Bank: Finding a deal in 1955 as Charles Mayor and Co. is liquidated
This photo, taken Jan. 18, 1955, depicts the liquidation sale at the Washington Street building, which was torn down in 1959.
EDITORIAL: Federal formula for sending virus aid to states is out of whack
Indiana has the 12th-highest COVID-19 death rate in the United States, but its share of federal money intended to help states battle the pandemic isn’t nearly so high. And that’s a problem. Not just for Indiana but for every state fighting to keep from being overwhelmed by the virus but receiving a disproportionately small share […]
FRAN QUIGLEY: Holcomb team’s warnings to unemployed are inaccurate
Indiana law is clear that unemployed workers are not required to accept offers of employment or reemployment if conditions are not “suitable.”
KEVIN BETZ: Indiana should follow cautious approach of surrounding states
We now have a five-stage tangled web of differing and undefined “capacities” that are all voluntary and admittedly unenforceable and will quickly be seen as entirely optional.
PETE THE PLANNER: Be cautious about planning to sell your business to fund retirement
If you’re going to sacrifice your current retirement plan to save your business, you’d better make sure your business is your retirement plan.