Parent of Men’s Wearhouse, Jos. A. Bank goes bankrupt
Tailored Brands, the owner of Men’s Wearhouse, Jos. A. Bank and K&G Fashion Superstore, has 11 total stores in the Indianapolis area.
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7-Eleven owner to buy Speedway gas stations for $21 billion
Tokyo-based Seven & i Holdings plans to acquire about 3,900 Speedway stores in 36 states. Indiana is one of Speedway’s largest markets.
Lilly to start testing experimental treatment for COVID-19 in nursing homes
The Indianapolis-based drugmaker said it will enroll about 2,400 residents and staff of nursing homes to test an antibody it is developing with a Canadian biotech. Nursing homes account for about 40% of U.S. deaths from COVID-19.
IBJ Podcast: The owner of Windsor Jewelry talks about surviving the riots and pandemic
Plus, hear from Mayor Joe Hogsett, who spoke to IBJ’s editorial board last month about some of the very problems Bires is concerned about for downtown.
U.S. lawmakers say deal on coronavirus relief remains elusive
U.S. House Speaker Nancy Pelosi, Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows made clear in separate interviews Sunday that they remain far apart on another pandemic relief package.
Ransomware feared as possible saboteur for November election
Federal authorities say one of the gravest threats to the November election is a well-timed ransomware attack that could paralyze voting operations. The threat isn’t just from foreign governments, but any fortune-seeking criminal.
Microsoft confirms talks seeking to buy U.S. arm of TikTok
Microsoft confirmed Sunday it has discussed with President Donald Trump his concerns about security and censorship surrounding such an acquisition.
Indiana reports 784 new COVID-19 cases, four more deaths
The state on Sunday said Marion County saw an increase of 132 cases, the 17th straight day that cases in the county have risen by more than 100.
COVID-19 cases jumped 90% in Indiana in July amid rise in testing, but deaths fell
The Indiana State Department of Health on Saturday reported 989 new COVID-19 cases, the second-highest number of cases reported in the daily report since the beginning of the pandemic.
Congress deeply unpopular again as gridlock on coronavirus relief has real-life consequences
Over the past two months, congressional approval ratings have crashed downward, after a sudden previous bump in approval. Fewer than 1 in 5 voters say they like what lawmakers are doing on Capitol Hill, according to the Gallup Poll.
IU reviews legacy of school’s 7th president, who advocated eugenics
A university committee has been formed to review all things named after David Starr Jordan on IU’s Bloomington campus—Jordan Hall, Jordan River and Jordan Avenue, as well as several scholarships, fellowships and other awards.
Tech giants lead gains as S&P 500 closes 4th straight winning month
The stock market flipped up and down throughout the day amid worries about the economy and whether Congress can find agreement on more aid for it.
Pacers organization terminates dozens of employees in cost-cutting move
Pacers Sports & Entertainment, which owns and manages the Indiana Pacers and Indiana Fever, has cut about 16% of its full-time workforce in response to financial losses during the pandemic, a spokesman told IBJ.
Trump, GOP soften on opposition to $600 jobless benefit
Both sides say the talks have not produced much progress but they could be nearing a critical phase over the weekend and into next week.
Florida teen charged in massive Twitter hack, Bitcoin theft
A 17-year-old hacked the Twitter accounts of prominent politicians, celebrities and technology moguls to scam people around globe out of more than $100,000 in Bitcoin, authorities said Friday.
Kite Realty Group bets big on hotel, even as other projects wither
A third of planned downtown hotel rooms announced before the pandemic are now on hold.
Eldorado Resorts has shaky record of horse-track management
To say Indiana’s horse racing industry had concerns about Eldorado Resorts Inc. taking over the state’s two horse-racing casinos would be putting it mildly.
Market Wagon looks to expand produce-delivery service nationwide
The 4-year-old company uses proprietary software and legions of small farmers and gig drivers to create an Amazon-like system that delivers fresh produce, meats, dairy products and other local food.
Fauci optimistic COVID-19 vaccine will be widely available
Fauci, the nation’s top infectious disease official, said a quarter-million people have expressed interest in taking part in studies of experimental vaccines for the coronavirus.
Rep. Greg Pence criticized for race-related items sold at his mall
The Exit 76 Antique Mall in Edinburgh has more than 4 million items for sale by the merchants who rent booths, but sprinkled throughout the mall’s 72,000 square feet are also dozens of objects that trade in Jim Crow-era caricatures and stereotypes.