U.S. health officials estimate 20M Americans have had coronavirus
Twenty million infections means that about 6% of the nation’s 331 million people have been infected.
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IBJ wins 10 national awards for business coverage including Penske purchase of IMS
The judges commended IBJ’s “expansive content that reaches into the corners of transportation, technology, sports, health, higher education, civic affairs, state government and more.”
Audit: U.S. sent $1.4B in virus relief payments to dead people
The errors occurred mainly because of a lag in reporting data on who is deceased. It’s a lapse that tax experts say is almost inevitable.
Banks lead gains for stocks on Wall Street in jumpy trading
Financial companies led stocks broadly higher on Wall Street on Thursday as traders welcomed news that the Federal Reserve and other regulators are removing some limits on the ability of banks to make investments.
Fans to be allowed to attend the Kentucky Derby, with restrictions
Churchill Downs will institute a number of operating procedures for the Kentucky Derby, which has been moved to Sept. 5 because of the pandemic.
Federal banking agencies ease Volcker Rule restrictions
The announcement of the easing of regulations know as the “Volcker Rule” gave an immediate boost to bank stocks because the rule change could free up billions of dollars in capital in the banking industry.
Lebanon box-manufacturing plant ready to produce line of faux sports fans
London-based DS Smith has designed a line of recyclable cardboard cutouts to fill stadium seats during the COVID-19 pandemic. The company is now looking to professional and amateur sports teams as potential buyers.
Coworking chain taking over former restaurant space in Circle Centre
The lease will be COhatch’s second with Circle Centre landlord Simon Property Group. The firm previously announced plans to open a coworking space at Simon’s Hamilton Town Center in Noblesville.
Indiana reports increase of 515 COVID-19 cases as testing rising
Marion County has seen 675 deaths and more than 11,000 virus cases during the pandemic, according to the latest numbers from the state health department.
ISO leader says musicians have been consulted in decisions
The head of the Indianapolis Symphony Orchestra is refuting claims made earlier this week by musicians that management has been making financial decisions without any consultation or negotiations with the members of the orchestra.
Macy’s cutting 3,900 corporate jobs as layoffs hit headquarters
The job cuts are in addition to the staff reductions already taking place inside stores, along the Macy’s supply chain and in customer support roles.
Chuck E. Cheese, hit hard by pandemic, files for bankruptcy
Chuck E. Cheese, which has four Indianapolis-area locations, has been particularly hammered by the health crisis because it is more of an entertainment venue for families than a restaurant.
Indiana sees new jobless claims rise for third straight week amid national decline
The number of laid-off workers who applied for unemployment benefits declined slightly, to 1.48 million, nationally last week, the 12th straight drop. But claims jumped in Indiana.
Political reporter Rader retiring from WTHR after 30 years
Kevin Rader, a fixture at WTHR-TV Channel 13 since 1990, said he would remain in Indiana but would be leaving television news in July.
GNC to close at least one Indianapolis store, possibly as many as six
Vitamin and nutrition chain GNC Holdings on Wednesday identified four Indiana stores that will permanently close and seven others that could close as part of its bankruptcy reorganization.
Report: State, local relief still needed from feds to avert 4M layoffs
Wednesday’s report by Moody’s Analytics warns that doing nothing to address the economic perils of state cutbacks could cost millions of jobs. But it also says that significantly less federal aid is needed than what’s being called for by House Democrats.
Evangelical group buys former Howe Military Academy campus
The New York-based World Olivet Assembly announced it would use the 63-acre campus as educational facilities. Former property owner Howe Military Academy closed last year after 135 years.
NFL teams could cover seating around field with ads to make up lost revenue
The NFL and its franchises are discussing a plan by which rows of seating closest to the field in stadiums this season could be covered and used to display the logos of sponsors and messaging for league and team initiatives.
School police more than twice as likely to arrest Black students in Indiana
More than a quarter of the 1,217 arrests in Indiana schools in 2018-19 were of Black students, even though they made up only 14% of the state’s student population.
Holcomb announces $25M pandemic rental assistance program
The $25 million program, funded through federal aid the state received through the Coronavirus Aid, Relief, and Economic Security Act, will provide assistance of $500 per month for up to four months. The state expects the program to help about 12,000 households.