Aria Diagnostics adding 50 employees, space to keep up with test demand
The expansion will allow Indianapolis-based Aria to boost testing-kit assembly from 137,000 to 400,000 per week, the company said.
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Brothers to funnel $4.5M into companies stung by pandemic
Sensing an investment opportunity—and a chance to do good—the four Litt brothers have set aside for investment a portion of the $40 million they reaped from the 2019 sale of their transportation-management firm, Reliable Source Logistics.
Pandemic fuels sales surge for bike shops
Bike shops are benefiting as the public thirsts for something that will roll away the lockdown monotony and provide a little exercise.
Pandemic, violence put Indy downtown at crossroads
The one-two punch of the pandemic and protest-related violence raises questions about whether downtown can recover. Experts and community leaders say yes—but only with concerted effort and strong leadership.
Scrappy WISH-TV throws passion, resources into covering chaos
WISH usually has one crew on Saturday nights, but on May 30, it had four. WISH went live outside its normal newscasts more than any other station—which is easier for it to do than any other station because it lacks a major network affiliation.
Area financial adviser barred from industry, ordered to shut down business
The actions stem from a 2018 complaint filed by the Securities and Exchange Commission in which the adviser was accused of selling $13 million in risky securities to clients without disclosing that she would earn commissions on the sales.
Wall Street’s rally zooms higher after surprise gain in jobs
The S&P 500 is now down less than 6% from its record high set in February after being down nearly 34% earlier this year when recession worries were peaking.
CIB sees revenue dip by 50%, as officials hope for late-summer surge
With no new business in April and downtown hotel occupancy stuck below 8% since late March, the agency overseeing the Indiana Convention Center and Lucas Oil Stadium has seen revenue crater.
Indiana releases guidelines for reopening schools in fall
State leaders say Indiana schools can reopen safely in the fall if they screen students and staff, create individual health plans, and maintain social distancing, according to newly released re-entry guidelines.
Indiana reports increase of 482 COVID-19 cases, 26 deaths
Marion County on Friday saw its cumulative death toll from the virus reach 604, up from 598 in Thursday’s report.
Black legislative leaders call for chokehold ban, criminal justice coalition
In a press conference Friday morning outside the Indiana Statehouse, black legislative leaders outlined their suggestions for immediate action that elected officials could take in the wake of ongoing protests of police brutality and racial injustice.
UPDATES: Mayor announces times for Friday, Saturday curfews; IFD got 3,112 calls over weekend
Get the latest news on protests in the Indianapolis area against police violence in this ongoing series of updates available outside IBJ’s paywall.
U.S. jobless rate unexpectedly fell in May as hiring rebounded
America’s labor market unexpectedly rebounded in May, signaling the economy is picking up faster than thought from the depths of the damage from the coronavirus pandemic.
IU and Purdue both score $10M supercomputer grants
Indiana was the only state to land two National Science Foundation grants. Together, the schools received half of the funding that was available.
With boards covering windows, downtown businesses embrace artwork
Several business owners in the city’s central business district and others along Massachusetts Avenue have enlisted staff members and local artists to paint murals and messages on the plywood covering the facades of riot-damaged buildings.
Airline stocks soar as American, United add back flights
American Airlines said it will aggressively add back flights in July, while United Airlines also announced plans to add back flights, while taking a more cautious approach.
Federal court rejects EPA approval of widely used herbicide
The federal government must revoke its approval of a widely used weed killer that has damaged other crops and turned neighbor against neighbor in some farm communities, a federal appeals court in California ruled.
Democratic gubernatorial candidate Myers said he wants to unite Hoosiers
During a televised speech Thursday evening as part of the Indiana Democratic Party’s virtual convention, Indiana Democratic gubernatorial candidate Woody Myers talked about his experiences with racism as a child in Indianapolis.
J.C. Penney to close 154 stores, including two in central Indiana
In all, the department store chain—which filed for bankruptcy protection last month—is closing nine locations in Indiana.
NBA owners approve 22-team season restart plan
The NBA’s Board of Governors has approved a 22-team format for restarting the league season in late July at the Disney campus near Orlando, Florida. The Indiana Pacers would be among the 22 teams involved in the restart.