Herb and David Simon make $19M bet on Simon Property’s deflated stock
Since the start of 2020, Simon shares have lost 67.7% of their value—chopping $31 billion off the company’s market capitalization.
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IBJ Podcast: How can companies survive the economic calamity of COVID-19?
“It’s your job to survive and to make sure that when these social controls are lifted and everybody starts to come back out that you’re ready for business,” IU’s Phil Powell, an economist at the Kelley School of Business, tells host Mason King.
Ohio to enact stay-at-home order as virus cases spread
California, New York, Illinois, New Jersey, Connecticut and Louisiana also have issued similar orders.
Congressional rescue talks churn as crisis deepens
Top-level negotiations between Congress and the White House churned into the night Sunday over a now nearly $2 trillion economic rescue package. The draft aid bill was declared insufficient by Democrats, who argued it was tilted toward corporations.
International Olympic Committee to consider postponing Tokyo Olympics
The organization previously had said it was committed to launching the games as scheduled July 24—a stance that was facing mounting criticism.
Lilly to launch drive-thru COVID-19 testing for health care workers
The drugmaker did not say whether it might broaden the testing in the future to include non-health care workers.
Telemedicine emerges as care option during COVID-19 outbreak
Virtual care has long been touted as a way to get help quickly instead of waiting days to see a doctor, yet Americans have been slow to embrace it. There are signs that may be changing because of COVID-19.
Owner: Indiana Beach amusement park could reopen this year
White County officials recently agreed to offer $3 million in incentives to lure potential buyers for the 94-year-old resort.
A bruising year for Hoosier stocks
How Indiana stocks have performed so far in 2020: Dec. 31 close March 20 close % change Vera Bradley Inc VRA 11.8 3.75 -68.22% Simon Property Gp SPG 148.96 48.14 -67.68% Calumet Specialty CLMT 3.65 1.18 -67.67% Biglari Holding B BH 114.42 42.11 -63.20% Patrick Inds PATK 52.43 19.36 -63.07% Horizon Bcp IN HBNC 19 […]
Holcomb signs coal, panhandling and teacher evaluation bills into law
The governor also signed legislation that will eventually put more money into the state’s unemployment trust fund, a move that comes as the coronavirus outbreak has led to a jump in unemployment claims.
Indianapolis-based USA Track & Field calls for postponing Tokyo Olympics
The organization is the second American sports governing body in two days to urge Olympic officials to halt the games, which the International Olympic Committee has insisted will go on despite the global coronavirus pandemic.
Indiana reports fourth COVID-19 death
The victim was an adult from Delaware County who was over 60 and had been hospitalized, the Indiana State Department of Health said.
BMO Plaza worker has COVID-19, landlord says
According to an email to companies in the building, the affected tenant has temporarily closed and has hired a janitorial contractor to deeply disinfect its space and nearby common areas.
OneZone president Merhoff retiring after two decades
Mo Merhoff, president of OneZone, the joint chamber of commerce in Carmel and Fishers, announced her retirement Friday.
UPDATE: Illinois governor orders residents to stay in their homes
Illinois is the third state to issue a so-called shelter-in-place order. Indiana Gov. Eric Holcomb said earlier Thursday that he would need to see more signs of widespread spread of the virus before taking such action.
Dow drops more than 900 points, ending worst week since 2008
Traders went into full retreat Friday afternoon out of fear that the coronavirus will plunge the United States and other major economies into deep recessions.
Local fund raises thousands for Broad Ripple businesses, service employees
Thousands of dollars have poured in to Broad Ripple in recent days through a new fund aimed at helping retail shops and restaurants and their employees during the pandemic.
Sahm’s turns downtown cafeteria into temporary meal delivery space
Fishers-based Sahm’s Restaurant Group has teamed up with OneAmerica Financial Partners Inc. and the not-for-profit food relief organization Second Helpings to launch a meal-preparation operation.
IHSAA promoting assistant chief Neidig to next commissioner
John Neidig has spent 34 years in secondary education and athletic administration and has served as an IHSAA assistant commissioner since 2017.
NATE FELTMAN: Time to begin planning for next scary virus
The crisis we’re living through today can help us head off a future pandemic.