Victoria’s Secret to close 23% of its North American stores
Victoria’s Secret said it would close 251 stores in North America by the end of this year after parent L Brands Inc. suffered a fiscal first-quarter loss of $296.9 million.
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State reports rise in COVID-19 cases as testing hits another high mark
The state on Thursday said 202,995 people have been tested for the virus so far, up from 195,738 in Wednesday’s report—an increase of 7,257. That’s the first time daily testing has exceeded 7,000.
Massive $55M logistics project in works in Johnson County
The Whiteland Town Council has scheduled a special meeting to consider a tax abatement related to the proposed development of 997,000-square-foot logistics building on 121 acres near Interstate 65.
Another 2.4M file unemployment claims, including 30,311 in Indiana
Roughly 38.6 million people have now filed for jobless aid nationally since the coronavirus forced millions of businesses to close their doors and shrink their workforces, the Labor Department said Thursday.
New High Alpha company aims to launch 100 startups in next five years
Indianapolis-based venture studio High Alpha on Thursday announced the launch of High Alpha Innovation, a business founded to help companies create and grow startup firms. The new firm has already snagged several big-name customers.
Pan Am hotel, convention deal could be finalized by late June
Project negotiations on the massive two-hotel and convention center expansion project were temporarily sidelined in March to allow the city time to deal with the coronavirus pandemic.
City identifies first ‘inclusive’ incentives economic development deal
The change to the way tax incentives are awarded is part of the city’s quest to achieve “inclusive economic growth” by growing opportunities for the city’s middle class and poor, and came as the result of years of research.
Apple, Google release technology for pandemic apps
Apple and Google on Wednesday rolled out long-awaited smartphone technology to automatically notify people if they might have been exposed to the coronavirus.
NCAA to lift moratorium on football, basketball workouts
The decision clears the way for individual workouts by athletes, mostly on their own, subject to safety and health protocols decided by their schools or local health officials.
Mass Ave business owners criticize city’s plan to close streets for outdoor dining
A group of 23 local restaurant, retail and not-for-profit leaders has gone on record to oppose the city’s plan to close Massachusetts Avenue to traffic through July 4 to allow for more outdoor dining.
Strong earnings boost stock market, lifting Dow 369 points
Stocks rose Wednesday as investors focused on signs that the reopening of the global economy is gathering momentum.
UPDATE: Holcomb to activate Stage 3 of reopening plan two days early
Indiana Gov. Eric Holcomb on Wednesday said he would activate Stage 3 of his pandemic reopening plan on Friday—two days earlier than previously scheduled.
Indy Parks board OKs lease for Broad Ripple Park development
The Indianapolis Parks Department has preliminarily agreed to pay nearly $1 million per year to lease space in a new family center planned for Broad Ripple Park.
State reports another 569 COVID-19 cases, 38 more deaths
The Indiana State Department of Health on Wednesday said 195,738 people have been tested so far, up from 189,330 in Tuesday’s report.
Engine maker Rolls-Royce cutting 9,000 jobs as aviation reels
It doesn’t appear as if those cutbacks will have a significant impact on Indianapolis, where Rolls-Royce employs about 4,000 people.
IndyGo set to resume regular schedule June 1
IndyGo has been operating on a reduced schedule since March 29 because of COVID-19-related staff shortages and ridership declines.
Target’s online shift prepared it for pandemic
A years-long campaign by Target to compete with Amazon.com online was, as it turns out, a dry run for the health crisis.
Former GOP congressman Rokita enters AG race, seeks to oust Hill
Todd Rokita, 50, said he didn’t want to challenge an incumbent from his own party, but an Indiana Supreme Court decision suspending Hill’s license makes it clear he shouldn’t hold the office.
Pandemic benefits go out for 600,000 Indiana children missing meals at school
Many Indiana families will begin receiving government benefits this week to make up for the meals their children are missing while school buildings are closed due to the coronavirus outbreak.
Appeals court upholds injunction against NCAA on education expenses
The appeals court ruling clears the way for Division I conferences to independently set rules for education-related compensation provided to student-athletes.