Capital One fined $80 million over data breach
The U.S. Treasury Department has fined Capital One for careless network security practices that enabled a hack that accessed the personal information of 106 million of the bank’s credit card holders.
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Fed’s Main Street pandemic loan program off to slow start
The Federal Reserve says that its Main Street Lending Program designed to help small and medium-sized companies get through the pandemic has managed to make just eight loans in its first month of operations.
KAR Global cuts 3,000 workers, could eliminate 2,000 more
In its second quarter, the Carmel-based company lost $32.3 million and saw year-over-year revenue plummet 42%, from $719.1 million to $419.0 million.
Ohio governor tests positive for COVID-19 ahead of Trump visit
Ohio Gov. Mike DeWine, 73, became the second U.S. governor to test positive for the coronavirus after Oklahoma Gov. Kevin Stitt announced he contracted the virus last month.
Five takeaways from Indiana’s schools chief on reopening
State Superintendent of Public Instruction Jennifer McCormick addressed the media Thursday by video to answer some of the biggest questions about schools reopening.
New York attorney general seeks to dissolve National Rifle Association
NRA President Carolyn Meadows labeled Attorney General Letitia James a “political opportunist” who was pursuing a “rank vendetta” with an attack on its members’ Second Amendment rights.
Trump readies executive actions for pandemic relief ahead of key negotiating session
With talks on a coronavirus relief bill appearing to falter, President Donald Trump told reporters that he was preparing to sign executive orders as soon as Friday that would extend enhanced unemployment benefits, offer an eviction moratorium and provide a payroll tax cut.
Vonnegut Museum shifts gears on Bluebeard-managed cafe plans
Fletcher Place restaurant Bluebeard, which was the museum’s original choice of cafe operator, says it can’t tackle the project right now because of uncertainty around the pandemic.
James Dimos, former president of Indy and Indiana bar associations, dies of heart attack
Dimos, 59, had become the general counsel of the Chicago-based American Bar Association in September.
Indiana reports another daily high in COVID-19 cases
The Indiana State Department of Health on Thursday also reported the testing of 12,153 more individuals, the fifth-highest total during the pandemic.
Calumet Specialty ekes out quarterly profit; CFO stepping down
The specialty hydrocarbon and fuels products producer said Keith Jennings would resign as executive vice president and chief financial officer as of Aug. 31, just eight months after joining the company.
Plan for Fishers subdivision with 290 houses advances over neighbors’ concerns
Even though Indianapolis-based Platinum Properties reduced the size of its proposed Grantham neighborhood, neighbors expressed concerns that the development will overload the already-taxed school system.
Indiana sees big drop in initial unemployment claims
Claims fell nationally, but the U.S. Labor Department’s report Thursday marked the 20th straight week that at least 1 million people have sought jobless aid.
Pavilion at Pan Am owners eye new venue to replace soon-to-be-razed building
The operators of the Pavilion at Pan Am Plaza event center are considering building a $15 million venue in downtown Indianapolis to replace the one Kite Realty Group plans to turn into rubble as part of its massive redevelopment of the plaza.
Kite Realty reports tough 2nd quarter, but exceeds expectations
Kite Realty Trust collected 80% of base rent from tenants in the second quarter despite the pandemic. That percentage jumped to 87% in July.
AAA: Partially automated driving systems work inconsistently
Researchers said little had changed from a test of four other vehicles in 2018, prompting the recommendation that automakers stop including the technology on more models.
Indiana officials say attending school, voting can be done safely
Indiana Gov. Eric Holcomb and other state officials on Wednesday defended brick-and-mortar school reopenings and in-person voting.
UPDATE: Two NCAA divisions call off fall championships
Within hours of the board’s announcement, the Division III presidents council canceled fall sports championship and determined they will not be made up in the spring.
State announces $10M fund to help arts, cultural organizations
The program was developed to assist and preserve the Hoosier Hospitality destinations and organizations that help enhance the quality of life the state offers.
Indiana adding $15 million to pandemic rental assistance program
To date, more than 24,000 Hoosiers have submitted an application seeking rental assistance through the program, which launched July 13.