KAR Global shares slide 11% as auction giant cuts costs to weather COVID crisis
Pay reductions helped the auto auction giant partially offset the temporary closing of its physical auctions and other fallout from COVID-19.
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State has paid more than 1.7M unemployment claims since beginning of April
Since April, the state has paid out nearly $1 billion in federal and state unemployment claims, Indiana Department of Workforce Development Commissioner Fred Payne said Thursday.
Green flag: IndyCar to open delayed season without spectators
IndyCar has gotten the OK to finally start its season next month with a nighttime race in Texas.
Kite Realty sees 25% of tenants ask for rent deferrals in first quarter
The Indianapolis-based real estate company reported a 16% year-over-year drop in revenue during the first quarter as many tenants sought rent deferrals to weather pandemic-related business shutdowns.
GREG MORRIS: The good and bad of Back on Track plan
Does it get us back to business as quickly as we’d like? No. But the governor and his team are doing the best they can under difficult circumstances.
Elanco shares fall 10% after company posts $49M loss
The Greenfield-based maker of animal health products attributed the underperformance to the COVID-19 pandemic and said the poor first quarter has not slowed progress on its planned $7.6 billion acquisition of Bayer Animal Health.
INDOT to close more of I-70 in Indianapolis to take advantage of traffic slowdown
The project, similar to one under way on the east side of Indianapolis, will close lanes in both directions over different periods starting May 22.
Zionsville, Lebanon newspapers merging; Anderson paper reducing operations
Three central Indiana newspapers are making changes due to ongoing industry-wide economic issues that were further aggravated by the pandemic health crisis.
State reports 633 more COVID-19 cases, 31 additional deaths
The Indiana State Department of Health said Thursday that the cumulative death toll in the state rose to 1,295.
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INDY BEACONS: Steve McQueen, Indianapolis’ greatest movie star
The tough-guy actor left the industry to focus on motorcycle racing after a string of big-budget films in the 1970s.
MIKE LOPRESTI: Indy works to change its sports-hosting playbook
Pandemic throws a new challenge at city’s time-tested ability to host giant sports events.
Some restaurants in no rush to resume dine-in service
With capacity restricted, the smallest restaurants say it’s not feasible to reopen. Others are proceeding cautiously and changing how they’ll operate.
Developer attributes continued delays on Speedway hotel project to pandemic
Construction has been stalled on the planned 126-room hotel at the southeast corner of Main and 16th Streets since July 2019, while Indianapolis-based development firm Loftus Robinson LLC has tried to shore up financing.
Locked-down drinkers lose their thirst for Budweiser, Stella
Revenue from Budweiser, Stella Artois and Corona dropped 11% in the first quarter, about twice the rate of decline for the company’s overall portfolio of more than 500 labels.
Another 3.2M file unemployment claims, including 43,777 in Indiana
Roughly 33.5 million people nationwide have now filed for jobless aid in the seven weeks since the coronavirus began forcing millions of companies to close their doors and slash their workforces.
Trump says virus task force to stay but evolve with reopening
While the task force has already been meeting less frequently, its medical experts, particularly Drs. Anthony Fauci and Deborah Birx, have emerged as among the most trusted voices on the virus response.
EdgeRock Development proposing $18M apartment, retail complex in Westfield
There’s still some debate about whether the roughly 100-unit apartment complex with 30,000 square feet fulfills an expectation that senior apartments would be built on the property.
April jobs data to show epic losses, soaring unemployment rate
Even the breathtaking figures due out Thursday and Friday won’t fully capture the magnitude of the damage the coronavirus has inflicted on the job market.
CNO Financial see tough quarter, but commits to no layoffs in 2020
Carmel-based CNO Financial Group Inc. suffered a first-quarter loss of $21.2 million, due mostly to a dismal investment market brought on by the COVID-19 pandemic.