Circle Kombucha sales are down 50%, but CEO’s outlook bright
For now—although some restaurants can still sell Circle Kombucha with takeout orders—most of the company’s sales are taking place at about 150 grocery stores in Indiana and the region.
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Coronavirus has ‘heartbreaking’ impact on family-owned funeral home chain
Jim Shirley is one small-business executive who isn’t worried about a decline in business during the pandemic. If anything, he’s worried about a surge.
ClusterTruck food-delivery firm misses office orders
About 60% of the company’s sales typically happen at lunch and are delivered to workplaces, which have been stripped down to only the most essential people.
Cummins reducing executive, employee pay, citing coronavirus
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 University postponing planned raises amid virus crisis
Purdue President Mitch Daniels told trustees Thursday that he’s also limiting repairs and purchases and putting a freeze on new hires.
Software firm Lessonly scores $15 million in latest venture funding round
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.
City’s contemporary art organization ceasing operations after 19 years
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.”
Lebanon-based disinfectant light manufacturer adjusting to surge in demand
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.
Anthem waiving out-of-pocket costs for COVID-19 treatments
Other big insurers, including Cigna, Humana and UnitedHealth Group, have already rolled out similar moves.
Lilly Endowment awards $33.5M to state United Ways for pandemic response
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.
Boone County fairgrounds pavilion gets prepped for COVID-19 patient overflow
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.
Lilly expands drive-thru COVID-19 testing to essential workers, vulnerable seniors
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.
Mall giant Simon chops corporate staff as COVID-19 wreaks havoc
The company is cutting more than 100 employees and furloughing others as it weathers the temporary shutdown of much of the retail industry.
Justice Department suit alleges Anthem overbilled in its popular Medicare Advantage plans
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.
Lilly teams with British startup to develop autoimmune medicines
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.
Local developer Gershman buys old Books & Brews building in Broad Ripple
The firm is keeping its options open for the site—including upgrading the existing building or redeveloping it entirely.
UPDATE: Macy’s, Kohl’s, Gap furloughing most employees amid coronavirus shutdown
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.
IBJ Podcast: Sahm’s—one restaurant company’s story about the impact of coronavirus
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.
Visit Indy to cut employee hours amid forced events lull
The tourism bureau’s 62 employees will see their work weeks cut to four days through at least April.
Penske shares thoughts on having to postpone Indy 500
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.