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Mattress-maker plans 350-worker northwest Indiana factory
Corsicana Mattress said the new plant will help it keep up with demand for its growing boxed-bed product line.
Carmel panel seeks more review for planned apartments, OKs age-restricted community
The Carmel Plan Commission sent a proposed Old Meridian District apartment project to a committee for further review. It also forwarded an age-restricted neighborhood at Keystone Parkway and 136th Street to the city council with a favorable recommendation.
NCAA considers additional eligibility for fall sport athletes
The NCAA Division I Council meets Wednesday to consider what will happen with the eligibility of fall sport athletes and whether fall sports championships should be staged in the spring.
How can Wall Street be so healthy when Main Street isn’t?
An amazing, monthslong rally has put the S&P 500 back to where it was before the pandemic, even though millions of workers are still unemployed and businesses continue to close across the country.
Postal Service halts some changes amid outcry, lawsuits
Postmaster General Louis DeJoy said he would “suspend” several of his initiatives until after the election “to avoid even the appearance of impact on election mail.”
Chicago-based pizza chain Lou Malnati’s to open in Carmel this fall
The company also plans to open a location in Broad Ripple next year, but the opening date for a previously announced 86th Street location is uncertain.
Hoosier Lottery sees slight dip in profit amid pandemic turmoil
More than 5% of the lottery’s roughly 4,300 retail ticket sellers were closed for extended periods after statewide business restrictions were put in place in March because of the COVID-19 outbreak, lottery officials said.
S&P 500 closes at a record, erasing last of pandemic losses
The stock market’s sprint back to an all-time high means that the gut-wrenching, nearly 34% plunge for the S&P 500 from Feb. 19 through March 23 was the quickest bear market on record.
Victoria’s Secret closures claim at least three stores in Indianapolis area
At least three Victoria’s Secret stores at some of the area’s largest shopping malls have closed permanently as part of the parent firm’s plan to eliminate 251 stores in North America this year.
Holcomb unveils plan to equip state police with body cameras, create cabinet position
The announcement comes more than two months after Holcomb said he believed the state needed to take action to address racial inequality and injustice.
Indiana reports highest number of new deaths since June 6
The state’s 7-day testing-positivity rate rose from 7.9% on Monday to 8.2% on Tuesday, while the overall testing-positivity rate dipped to 8.8% after the department added more than 2,000 previously excluded tested individuals.
Indianapolis development director Mack to leave city for Chattanooga gig
Indianapolis Department of Development Director Emily Mack is leaving her position after four years, Mayor Joe Hogsett announced Tuesday.
Central Indiana existing-home sales rise for first time in three months
Sales of existing single-family homes jumped dramatically in central Indiana in July, despite the pandemic, soaring prices and a huge plunge in inventory.
Housing developer buys prime 96th Street parcel where ambitious project faltered
In the 2000s, Centre Properties envisioned building a $500 million project called RiverPlace near 96th Street and Allisonville Road. Another developer just acquired the land but says its plans aren’t clear yet.
Walmart has huge quarter as Americans go online for pandemic supplies
With unemployment in the U.S. hitting frighteningly high levels, Walmart’s ability to deliver low-priced food, clothing and electronics strengthened its structural advantages.
Coin shortage hits retailers, laundromats, tooth fairy
While there are still enough coins out there, they aren’t circulating as freely because many businesses have been closed and consumers aren’t out spending as usual.
NCAA confirms $270M insurance payout for canceled NCAA tournament
The NCAA’s insurance payout for March Madness is perhaps the largest for a pandemic-related event cancellation thus far.
Survey: States uncommitted to Trump’s unemployment boost
One reason for the states’ hesitancy is that they fear they will go through the complex steps required to adopt Trump’s plan, only to have it overridden by one from Congress.
Hamilton Southeastern planning Noblesville debut with $35M elementary school
Hamilton Southeastern Schools received favorable recommendations from the Noblesville Plan Commission to rezone a 40-acre parcel at the northwest corner of East 156th Street and Boden Road, but the property still needs to be annexed into the city.