First Merchants to acquire Indianapolis-based Hoosier Trust Co.
Muncie-based First Merchants plans to acquire Hoosier Trust for $3.2 million in a deal that is expected to close early next year.
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Steak n Shake closes 13 more restaurants amid slowing customer traffic
Steak n Shake revenue plummeted to $78.8 million in the third quarter, down from $141.3 million a year ago.
COVID-19 hospitalizations reach new high as state reports 4,213 more cases
The Indiana State Department of Health on Monday said the seven-day moving average for COVID-19 cases reached another all-time high of 4,212.
IU economic forecast expects recovery to slow, jobless rate to remain elevated
The forecast holds out hope for positive economic growth in the second half of 2021 in Indiana, but it assumes the state will either remain at Stage 5 of Gov. Eric Holcomb’s reopening plan or operate under even fewer restrictions.
Stocks skyrocket to record levels on Pfizer’s optimistic vaccine news
Markets were already sharply higher on the U.S. election result when Pfizer said that research shows vaccine shots may be 90% effective at preventing COVID-19, indicating the company is on track this month to file an emergency-use application with U.S. regulators.
Pfizer says COVID-19 vaccine is looking 90% effective
The coronavirus shots, made by Pfizer and its German partner BioNTech, are among 10 possible vaccine candidates in late-stage testing around the world—four of them so far in huge studies in the U.S.
IBJ Podcast: Democrats were supposed to have a big year in Indiana. They didn’t. Why not?
Podcast host Mason King talked with University of Indianapolis political science professor Laura Merrifield Wilson and IBJ political reporter Lindsey Erdody about the messages Indiana voters sent at the polls.
Charter allies sweep IPS school board election to win four seats
The board faces a host of challenges, including how to cut the district’s spending, how to fulfill its commitment to racial equity, and how to stem the learning loss wrought by school closures during the pandemic.
Nursing home COVID-19 cases rise four-fold in surge states
Nursing homes and other long-term care facilities account for about 1% of the U.S. population, but represent 40% of COVID-19 deaths, according to the COVID Tracking Project.
Biden plans immediate flurry of executive orders to reverse Trump policies
Biden’s top advisers have spent months quietly working on how best to implement his agenda, with hundreds of transition officials preparing to get to work inside various federal agencies.
$40M data center opens in northwest Indiana
Roughly half of the center has been leased for servers that’ll be connected to a fiber line to downtown Chicago.
Indiana reports another 4,689 COVID-19 cases; hospitalizations hit another high
The Indiana State Department of Health has reported 262 new COVID-19 deaths over the past seven days, up from 229 the previous week.
FDA panel urges rejection of experimental Alzheimer’s drug
The Biogen drug, known as aducanumab, does not cure or reverse Alzheimer’s, but it might modestly slow the rate of decline.
Indiana COVID-19 cases top 5,000, hitting record for fourth straight day
Hospitalizations due to COVID-19 also rose to another high in Indiana, as did testing of new individuals.
Biden wins White House, vowing new direction for divided U.S.
Joe Biden’s victory came after more than three days of uncertainty as election officials sorted through a surge of mail-in votes in an extraordinary close election that delayed the processing of some ballots. It was unclear whether President Trump would publicly concede.
U.S. consumer borrowing increases by $16.2 billion
The increase included a $3.98 billion increase in credit card borrowing, the first rise since February. Credit card use had fallen for six straight months as households cut back on use of credit cards once the pandemic hit.
Trump faces tough road in getting Supreme Court to intervene
President Trump could need the court’s help in two or more states, an unlikely scenario that is far different from what took place in the 2000 election, the only time the court has effectively settled a presidential election.
High-profile coalition is taking aim at food insecurity
A group of prominent corporate, not-for-profit and government organizations is launching perhaps the most ambitious food-relief and sustainability program here in years.
Hotels’ vacancy woes cause debt headaches
With travel and convention business continuing to stagnate and COVID-19 cases on a steep rise, many properties find themselves scrambling for long-term loan solutions and pleading for help from lenders.
Indianapolis International Airport absorbs plunge in passengers
Passenger traffic at the airport is expected to be 45% lower in 2020 than last year, but airport leaders say they are confident they can keep the organization’s finances stable.