Finance vets angle for control of Protective Insurance
The business—formerly Baldwin & Lyons Insurance—is one of central Indiana’s oldest public companies.
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Crisis puts Holcomb center stage—and that comes with risks, rewards
According to a recent poll conducted by Indy Politics and Change Research, 63% of Hoosiers say they approve of how Holcomb has responded to the pandemic, and 54% say the state is headed in the right direction. But Holcomb’s overall approval rate—at 47%—trailed the numbers for his handling of the coronavirus crisis.
Indiana credit unions pursue growth by buying banks
The banking industry, which argues that credit unions’ tax-exempt status gives them an unfair edge, objects to the trend.
Risk of reopening U.S. economy too fast: A W-shaped recovery
Now, as President Donald Trump and many Republicans press to reopen the economy, some experts see an ominous risk: That a too-hasty relaxation of social distancing could ignite a resurgence of COVID-19 cases by fall, sending the economy back into lockdown.
The car is staging a comeback, spurring oil’s recovery
James Li, a public relations account director, would rather spend an hour sitting in Beijing traffic than risk 30 minutes exposed to crowds on a train. “Traffic is as bad as it could be” but the subway is still too dicey, he said. In Frankfurt, real estate assistant Anna Pawliczek is driving to work for […]
Gaming Commission approves Terre Haute casino license
The Indiana Gaming Commission on Friday awarded a casino license to Spectacle Jack, which plans to build a $120 million casino near Interstate 70 and State Road 46 in Terre Haute.
House Dems near passage of $3T relief bill despite Trump’s veto threat
The sweeping legislation, dubbed the “Heroes Act,” also faces opposition within the House Democratic caucus, with some moderate lawmakers objecting to voting on a bill that they all know will not become law.
State reports uptick in new COVID-19 cases, another 42 deaths
The Indiana State Department of Health reported that 165,448 people have been tested so far, up from 160,239 in Thursday’s report—an increase of 5,209.
Industrial production plunged unprecedented 11.2% in April
American industry was running at 64.9% of capacity last month, shattering the previous record low set in the Great Recession year 2009.
Area homebuilders saw applications rise in April despite pandemic limitations
Applications for home construction permits rose 5% in the Indianapolis area in April, marking the ninth monthly increase in the past 10 months on a year-over-year basis.
U.S. retail sales plunged record 16% in April amid shutdowns
A long-standing migration of consumers toward online purchases is accelerating, with that segment posting a 8.4% monthly gain.
Scale co-founder launches AI-based software firm to help streamline business management
Executive coach Peter Fuller developed an artificial intelligence-driven platform that lets business leaders know how effectively they’re leading their firm and whether their company is headed in the right direction.
Last Indianapolis Bravo! restaurant closes permanently
The northwest-side location, in the Willow Lake East shopping center, was Bravo!’s last remaining Indianapolis location. Its parent company, Florida-based FoodFirst, filed for bankruptcy protection last month.
Gym owners sweating over whether patrons will return
The fitness industry faces lingering uncertainty about the health risks of the traditional gym, with its shared treadmills and sweaty saunas, as well as the ongoing disruption to a business model that values routine and repetition above all else.
Broad Ripple sports bar calls it quits after 30 years in business
Nicole Harlan-Oprisu, who co-owns Old Pro’s Table and several local restaurants, previously told IBJ that business has been difficult during the pandemic.
Trump administration eases rules limiting truck driver hours
The Federal Motor Carrier Safety Administration said the new rules will save trucking companies more than $2.8 billion over 10 years.
Taiwan company to build $12B semiconductor factory in United States
A Taiwan-based maker of silicon chips plans to build an advanced semiconductor factory that will create more than 1,600 high-tech jobs, officials announced Thursday.
Auto workers’ tenuous return a ray of hope in jobs crisis
About 133,000 U.S. workers will be pouring back into auto assembly plants that will open in the coming week.
Attorney general: Indianapolis’ limit on religious services is unconstitutional
Hill said places of worship are considered essential businesses, and churches, synagogues and other places of worship must be treated the same as non-religious entities.
New data show eight negative things, one hopeful one about economy
As the coronavirus crisis drags on and the timeline for a vaccine remains uncertain, U.S. households and small businesses are rapidly running out of money, according to new federal data released Thursday.