U.S. wholesale prices increase 0.4%, led by food, energy costs
Food costs have been rising due to high demand from Americans cooking more at home, but also because of lost production following virus outbreaks at food-processing facilities.
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Fewer seek jobless benefits nationally, but Indiana sees uptick in claims
In Indiana, 23,604 people filed initial unemployment claims in the week ended June 6. That’s up from an adjusted number of 22,914 the previous week.
Taubman says Simon doesn’t have legal right to abort $3.6B purchase
Signaling a legal brawl lies ahead, Taubman said Simon “continues to be bound to the transaction in all respects.”
NASCAR bans Confederate flag from its races, venues
The ban was announced before Wednesday night’s race at Martinsville Speedway in Virginia, where the series’ only black drive, Bubba Wallace, drove Richard Petty Motorsports’ No. 43 Chevrolet with a #BlackLivesMatter paint scheme.
Fishers mayor criticizes utilities, IURC over pandemic-related rate-hike request
Fishers Mayor Scott Fadness isn’t the first person to bash the utilities and the Indiana Utility Regulatory Commission over the matter. Thousands of consumers have written letters and emails protesting the request.
Prosecutor asks state police to investigate Indy police shooting
The special prosecutor named to oversee the May 6 shooting death of a black man by an Indianapolis Metropolitan Police Department officer asked the Indiana State Police on Wednesday to handle the investigation.
In many states, COVID-19 cases are back on the rise after restrictions ease
On the same day Gov. Eric Holcomb announced he was easing more restrictions in Indiana two days ahead of schedule, more than a dozen other states were reporting new highs in the number of positive coronavirus cases or hospitalizations.
United Airlines to require that passengers pass health checklist
As states and localities reopen for business, carriers are developing procedures to ensure that flying is safe.
Lawmakers propose billions in incentives to boost U.S. semiconductor manufacturing, research
U.S. semiconductor companies account for 47 percent of global chip sales but only 12 percent of manufacturing, according to the Semiconductor Industry Association, which welcomed the new legislation.
State partnering with Lilly to speed up COVID-19 test processing
Indiana State Health Commissioner Dr. Kris Box said during Wednesday’s press briefing that the partnership will allow a network of 10 labs across the state to be able to process more tests.
Mid-American Conference schools create separate conference for esports
The new varsity team at Ball State, where about 500 people participate in the esports club, will help bring esports experiences into education for digital sports production, business, animation and other fields.
Federal Reserve to keep providing aid, sees no rate hike through 2022
Chairman Jerome Powell stressed the Fed’s commitment to ultra-low borrowing rates for the foreseeable future. “We’re not thinking about raising rates,” he said. “We’re not even thinking about thinking about raising rates.”
Indiana to enter Stage 4 of recovery plan two days early, governor says
Stage 4 will begin at 12:01 a.m. Friday instead of Sunday as previously planned, Indiana Gov. Eric Holcomb said, because the state was seeing positive signs in its ongoing fight against the COVID-19 virus.
Walmart picks area for distribution center that would dwarf most others
Plans call for the mammoth Hancock County facility to feature 146 docks and parking for 1,985 cars and up to 916 trailers.
State COVID-19 cases rise by 304, deaths by 15
Marion County on Wednesday reported an increase of 20 cases and four deaths.
City reopens Illinois Street to vehicles following pandemic-related closure
The other street closures—to Massachusetts Avenue, Broad Ripple Avenue and Georgia Street—will remain in effect through July 4, the city said.
Simon Property calls off $3.6B deal to acquire rival Taubman Centers
Simon shares fell nearly 6% in early trading Wednesday, to $81.71 each. Taubman shares plummeted nearly 30% after the announcement, to $31.94 each.
High Alpha startup Canopy scores $2 million in seed funding
Canopy, founded late last year under the name Loupe, makes and markets software that uses artificial intelligence to gather sales and product usage data.
Apple plans to announce move to its own Mac chips
This will be the first time in the 36-year history of the Mac that Apple-designed processors will power these machines. It has changed chips only two other times.
Movie theaters, closed for months, preparing for July reopenings
After three months of near total blackout of cinemas nationwide, movie theaters are preparing to reopen—even if it means only a few titles on the marquee and showings limited to as little as 25% capacity.