IndyGo to cut schedule, eliminate fares due to coronavirus
IndyGo says it’s cutting service because ridership has dropped as businesses have shut down or asked employees to work from home.
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Greenfield auto parts plant lays off 336 employees in temporary closure
BWI Group—also known as BeijingWest Industries Co.—said the layoffs are necessary because Gov. Eric Holcomb ordered all non-essential businesses closed and because the Ford plants it supplies have shut down their production lines.
Eight residents of Franklin nursing home hospitalized after positive COVID-19 tests
Officials at Otterbein Franklin SeniorLife Community say a nurse and therapist also tested positive and are recovering at home.
Stocks soar after Senate passes $2 trillion stimulus bill
A dismal unemployment report failed to pop Wall Street’s buoyant mood on Thursday, with stocks running to their third straight day of gains following the federal government’s pledge to shower trillions of dollars on U.S. citizens and commerce.
WNBA to hold college draft as planned in April, virtually
The regular season isn’t set to begin until May 15, so the pandemic has not affected daily operations as much as other professional leagues. The WNBA, however, has been evaluating its schedule, with training camps slated to begin April 26.
UPDATE: Ford, Fiat Chrysler, Honda, Toyota seek to restart factories
The plants would reopen in early or mid-April, restoring the largest source of cash for automakers that generally book revenue when they ship vehicles to dealerships.
NCAA slashes distribution to member schools by $375 million
The organization had been scheduled to distribute $600 million to more than 300 Division I schools from April to June.
MIKE LOPRESTI: Let’s revisit the undefeated of high school hoops
The short list of unbeaten champions could have grown by one this year.
Indy 500 moved to Aug. 23; Grand Prix becomes doubleheader with NASCAR race
In addition, the GMR Grand Prix—typically run as part of May’s Indy 500 festivities—will move to July 4 on the IMS road course and be conducted in conjunction with the Brickyard 400.
Stocks rise sharply again, could be heading for 3-day rally
The S&P 500 was up 4.6%, continuing a rally that has vaulted the index 16% higher since Monday on rising expectations that Congress will soon approve an unprecedented rescue package for the economy.
Small businesses fear delays in $350 billion rescue program
Getting the $350 billion in loans for small businesses in the record U.S. stimulus package into business owners’ hands before a wave of closures will strain the nation’s network of lenders and regulators as never before.
Calculating lives when making decisions not unusual for federal government
For decades, the federal government has made calculations on how policies intended to safeguard American health could impact the economy. Now, the push-pull of when to re-open the economy during the coronavirus crisis centers on a similarly bleak decision.
Powell says Federal Reserve will provide nearly unlimited lending
Federal Reserve Chairman Jerome Powell said the Fed was “not going to run out of ammunition” when it came to helping the economy recover quickly once the threat from the virus has passed.
Coronavirus cases rise to 645 in state, 293 in Marion County
The department reported that 4,651 people have been tested so far, up from 3,365 people in the previous day’s report.
GREG MORRIS: Here to help our readers now and in the future
Subscribers and non-subscribers alike can find the latest news on the pandemic and resources for small business at ibj.com.
Sushi restaurant opens in former Milano Inn
The restaurant, part of Holladay Properties’ LaGrotte Square development, opened on the same day that a coronavirus-related prohibition on in-house restaurant dining took effect. The owners say they’ve seen good support from neighbors who have come for take-out orders in the restaurant’s first week.
INDY BEACONS: Alexander Ralston, creator of city’s original street grid
Ralston, whose name graces a downtown restaurant and a boutique hotel, was also involved in laying out Washington, D.C.
Indiana’s inmates still eating meals together amid pandemic
The Indiana Department of Correction said there are no known cases of COVID-19 among the nearly 27,000 offenders housed at the state’s prison, but it also concedes that it hasn’t tested any of those inmates.
U.S. jobless claims hit 3.3 million, quadruple previous record
In Indiana, initial claims filed for the week ended March 21 rose to a whopping 61,635, up from 2,596 claims the previous week.
Little League delays opening of regional HQ in Whitestown by one year
Little League International has postponed this year’s planned opening of its Central Region headquarters, citing construction delays, not the coronavirus pandemic.