Kite Realty Group bets big on hotel, even as other projects wither
A third of planned downtown hotel rooms announced before the pandemic are now on hold.
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Eldorado Resorts has shaky record of horse-track management
To say Indiana’s horse racing industry had concerns about Eldorado Resorts Inc. taking over the state’s two horse-racing casinos would be putting it mildly.
Market Wagon looks to expand produce-delivery service nationwide
The 4-year-old company uses proprietary software and legions of small farmers and gig drivers to create an Amazon-like system that delivers fresh produce, meats, dairy products and other local food.
Fauci optimistic COVID-19 vaccine will be widely available
Fauci, the nation’s top infectious disease official, said a quarter-million people have expressed interest in taking part in studies of experimental vaccines for the coronavirus.
Rep. Greg Pence criticized for race-related items sold at his mall
The Exit 76 Antique Mall in Edinburgh has more than 4 million items for sale by the merchants who rent booths, but sprinkled throughout the mall’s 72,000 square feet are also dozens of objects that trade in Jim Crow-era caricatures and stereotypes.
Indiana reports highest number of COVID-19 deaths in 10 days
Statewide testing for COVID-19 has topped 8,000 in 16 of the last 18 days and exceeded 11,000 in six of the past nine days.
Work-from-home trend makes lumber a winner, paper a loser
While the demand for printing papers had been in slow decline before the pandemic, the magnitude of the drop during COVID-19 has been a surprise.
Amazon closer to launching satellites, upping internet reach
Amazon received government approval to put more than 3,200 satellites into orbit with the goal of beaming internet service to earth. The company said it will spend $10 billion on the initiative.
United States sinks another $2.1 billion into potential COVID-19 vaccine
The vaccine prospect is based on the existing DNA-based technology that is used to produce Sanofi’s seasonal flu vaccine. It is one of several vaccines in development.
U.S. consumer spending increased 5.6% in June, but could be easing again
With confirmed viral infections rising in a majority of states, many businesses have had to pause their re-openings or close a second time and cut jobs, thereby putting consumers under renewed pressure.
U.S. wages, benefits grow at slowest pace in three years
With unemployment so high, workers who still have jobs have less ability to resist pay cuts or demand raises.
Fast-growing Sharpen Technologies could add 75 employees by end of 2021
Sharpen Technologies, an Indianapolis-based developer of cloud-based customer service software, came out of the gates fast this year, and despite a pause in March has continued to experience dramatic growth right through the pandemic.
Proposed 40-story Signia at Pan Am Plaza to shake up hotel landscape
The $300 million hotel will be the most expensive and elaborate new lodging project built in the city since the $450 million JW Marriott complex was completed in 2011. And it will compete directly with the JW.
Amazon’s virus stumbles have been boon for Walmart, Target
Former and current Amazon executives who spoke on the condition of anonymity because they weren’t authorized to speak publicly say no company could fully prepare for the crush of orders stemming from a global pandemic.
Trump offers, but Democrats reject short-term fix for $600 jobless benefit
Democratic leaders panned the idea in late-night talks at the Capitol, opting to keep the pressure on for a much more expensive and sweeping bill.
IPS board delays return to classrooms until at least October
IPS struggled with the shift to remote instruction in March, but officials said they were taking steps to mitigate problems this time around.
Second U.S. virus surge hits plateau, but public health experts remain wary
Dr. Anthony Fauci, the government’s foremost infectious-disease expert, said he’s worried about rising percentages of tests coming back positive in states like Ohio, Kentucky, Tennessee and Indiana.
Dunkin’ to close 800 U.S. stores as pandemic hurts sales
The 800 stores represent 8% of Dunkin’s U.S. footprint but just 2% of its sales.
Pfizer executive targets end of year for COVID-19 vaccine
The developers said they have the potential to manufacture up to 100 million vaccine doses by the end of this year and up to 1.3 billion doses by the end of 2021.
Analysis: Did third of economy really vanish in just three months?
The Commerce Department reports quarterly GDP at an annual rate to allow easy comparisons to other time periods. Remove the annualization, and we see the economy contracted a still-abysmal 9.5%.