The action affects employees as well as the Columbus-based engine maker’s CEO and board members. The company said it will re-evaluate the temporary pay cuts at the end of the second quarter.
Purdue President Mitch Daniels told trustees Thursday that he’s also limiting repairs and purchases and putting a freeze on new hires.
The funding—secured before the coronavirus hit the U.S.—will be used to fuel growth across all segments of the company, said Lessonly CEO Max Yoder.
Indianapolis Contemporary—known as the Indianapolis Museum of Contemporary Art up until 11 months ago—announced Thursday that it was calling it quits after an internal review “determined it was not economically feasible to continue operations.”
The Lebanon-based company engineers, fabricates and manufactures ultraviolet lights that penetrate and destroy bacteria, viruses and other harmful microbes. The company, along with others in its field, are seeing record demand.
Other big insurers, including Cigna, Humana and UnitedHealth Group, have already rolled out similar moves.
The endowment announced Wednesday that it has awarded a $30 million grant to Indiana United Ways, which oversees the statewide network of United Ways, and a $3.5 million grant to the United Way of Central Indiana.
The building has been scrubbed and sanitized for use as a medical overflow center to house stable patients in the event facilities in the Witham Health Services network are stressed with victims of COVID-19.
The decision means perhaps tens of thousands of additional people can get tested at Lilly’s drive-thru, including people who work in grocery stores, pharmacies, banks and other places listed by the state as essential.
The company is cutting more than 100 employees and furloughing others as it weathers the temporary shutdown of much of the retail industry.
The Indianapolis-based health insurer is accused of falsely certifying the accuracy of incorrect diagnosis data from doctors and other health providers over four years.
In a deal that could eventually be worth close to a billion dollars, Eli Lilly and Co. is teaming with a British biopharmaceutical company in one of the hottest areas in medical research.
The firm is keeping its options open for the site—including upgrading the existing building or redeveloping it entirely.
Macy’s, Kohl’s and Gap Inc. all said Monday they will stop paying tens of thousands of employees who were thrown out of work when the chains temporarily closed their stores and sales collapsed as a result of the pandemic.
Sahm’s Restaurant Group has retooled its operations to benefit the not-for-profit Second Helpings and to create a series of marketplaces, where customers can get takeout meals as well as grocery items.
The tourism bureau’s 62 employees will see their work weeks cut to four days through at least April.
In a wide-ranging interview, Roger Penske insisted his commitment remains steadfast to the Indianapolis Motor Speedway and the IndyCar Series as the world waits for the pandemic to end.
Tony Sizemore, 62, of Indianapolis, shares the story of the death of his partner, Birdie Shelton, the first person to die of the COVID-19 virus in Indiana.
The entire airline industry is in crisis as a result of the COVID-19 pandemic and accompanying recommendations and mandates for social distancing.
But the bankers also say it’s unclear how the pandemic might affect commercial customers—and the banks themselves—in the longer term.
