Dow surges 4.9% in another wild day for stock market
Wall Street endured another day of dizzying trading Tuesday, whipping up and down with hopes that the U.S. and other governments will cushion the economy from the pain of the coronavirus.
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Distracted driving legislation approved by both chambers, heads to Holcomb
Legislation that bans drivers from holding or using cell phones while operating a motor vehicle passed the Indiana House and Senate on Tuesday and awaits Gov. Eric Holcomb’s signature.
Stocks claw higher on Wall Street after early surge fades
Markets received a bump around midday Tuesday after Vice President Mike Pence said the nation’s big health insurers would cover co-pays for coronavirus testing.
Artificial sweetener might make users fatter, sicker, new study says
The study looked at the common artificial sweetener used in Splenda, which is owned and made by Carmel-based Heartland Food Products Group.
Westfield might spend $9 million to turn wastewater lagoons into nature preserve
The Westfield City Council might consider “reimagining” the city’s Simon Moon Park as a 24-acre nature preserve with outdoor classrooms, boardwalk trails, fishing piers, a canoe launch and a potential bait shop, snack shop or watercraft rental facility.
Big liquor chain sues Indiana for denying permit for Nora superstore
The Maryland-based company, which is the nation’s largest liquor retailer, claims Indiana’s residency requirement is unconstitutional and amounts to economic protectionism.
Airlines slash flights, freeze hiring as virus cuts travel
Delta, the world’s biggest airline, said it will cut international flights by 20% to 25% and reduce U.S. flying by 10% to 15%, roughly matching cuts previously announced by United Airlines.
City fields proposals to redevelop historic west-side fire station
City officials asked developers to consider three key elements: transit along West Washington Street, the evolution of the former Central State hospital campus to the north, and maintaining the building’s Art Moderne qualities.
Two more virus cases, including one in Boone County, bring state total to 6
The Indiana State Department of Health on Tuesday said it had so far tested 36 Hoosiers for the coronavirus responsible for COVID-19.
Feds say Fifth Third opened fake accounts like Wells Fargo
Fifth Third said it had already investigated the allegations and called the fraudulently opened accounts “a limited and historical event.”
Trump to seek payroll tax cut, relief for hourly workers as part of virus response
The president also said he was seeking to provide assistance to the airline, hotel and cruise industries, which are all suffering as Americans rapidly cancel travel plans.
Compromise on IndyGo legislation could cut fundraising requirement in half
The new language offered on Monday afternoon would gradually phase in how much IndyGo has to fundraise and would require a new traffic study on the impact of the proposed Blue Line.
Schools close over coronavirus threat, raising concerns about disruption
More than 380 schools have closed their doors because of the outbreak, moves that have affected nearly 260,000 students, according to a count by the education publication EdWeek.
UPDATE: Indiana House leadership changes as session nears end
House Speaker Brian Bosma, the longest-serving House speaker in state history, stepped down Monday and was replaced by Rep. Todd Huston.
Dow drops 7.8% as crashing oil prices, virus fears slam markets
The Dow Jones industrial average on Monday suffered its steepest drop since the financial crisis of 2008.
IU School of Medicine gearing up for move to new campus near Methodist Hospital
The Indiana University School of Medicine plans to leave its longtime home on the IUPUI campus and move about two miles north as part of a new “academic health campus” near Methodist Hospital.
All-payer claims database legislation receives final passage in Legislature
The database is expected to provide cost information for specific health care procedures by facility name and allow individuals to shop around for the best price.
Bill that freezes unemployment trust fund contribution rates headed to Holcomb
The contribution rates used to determine how much Indiana businesses pay into the state’s unemployment trust fund will be frozen for another five years under legislation passed by both the Indiana House and Senate.
Saudi-Russia oil fight melts markets, targets U.S. oil patch
Oil prices fell Monday by the most in one day since the 1991 Gulf War. The price of U.S. crude fell as much as 34%, to $27.34 a barrel, the lowest price since early 2016. Here’s what’s driving the price drop.
UPDATE: Virus fears, crashing oil prices take toll on stock market
The steep drop followed similar falls in Europe after a fight among major crude-producing countries jolted investors already on edge about the widening fallout from the outbreak of the new coronavirus.
