Ex-Brightpoint execs plan IPO to raise $100M for new tech firm
Novus Capital Corp. formed last month and is seeking to acquire companies “that are at the forefront of high technology.”
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Democratic candidate for governor says state should do more to help small businesses
Woody Myers on Wednesday released a plan that includes establishing a state-funded stimulus program for small businesses, creating a small business recovery task force and launching a “Buy Indiana First” campaign.
Strada survey says millions of Americans are rethinking education plans
A new survey released by Indianapolis-based Strada Education Network says an estimated 28 million American adults have canceled their education plans amid the COVID-19 pandemic.
AgriNovus Indiana hires farm equipment CEO, tech vet to lead organization
AgriNovus Indiana, an agbioscience initiative by the Central Indiana Corporate Partnership, on Wednesday announced it has hired Mitch Frazier as its CEO.
Indiana deaths, testing reach highs in state’s daily COVID-19 report
The Indiana State Department of Health said Wednesday that the cumulative death toll in the state rose to 964, up from 901 the previous day—an increase of 63.
Delta suspends Indy-to-Paris flight until at least next year amid pandemic
During its recent first quarter financial results call, Delta Air Lines announced reductions of 80% in U.S. domestic capacity and 90% international capacity.
Anthem, other insurers stick to 2020 outlooks as COVID-19 pandemic spreads
Anthem Inc. and Humana Inc. became on Wednesday the latest health insurers to stick with their 2020 earnings forecasts, even as the COVID-19 pandemic forces companies in many other sectors to abandon outlooks.
NCAA board supports name, image, likeness compensation
The Indianapolis-based NCAA is moving forward with a plan to allow college athletes to earn money for endorsements and a host of other activities involving personal appearances and social media.
U.S. economy shrank at 4.8% rate last quarter as virus struck
It was the sharpest fall since the economy shrank at an 8.4% annual rate in the fourth quarter of 2008 in the depths of the Great Recession.
Quarantined actors, empty seats, fever checks might be part of return to live performances
Even as a few states began reopening some businesses this week, it remains unclear how long it will be before health experts declare it safe to cram ticket-buyers into sweaty arenas, concert halls or even performances of Shakespeare in the park.
Indiana-based public firm Escalade returns pandemic rescue loan
The sporting and recreational equipment manufacturer said it repaid its loan to comply with a rule change in the Paycheck Protection Program.
Fat Atom Marketing’s demise hastened by lean pandemic budgets
Carmel-based Fat Atom Marketing has gone out of business, citing the health crisis as the final straw. Marketing industry experts predict there will be a big increase in the number of firms forced to close due to the impact of the coronavirus.
As earnings season reaches full swing, uncertainty is certain
Companies are being affected in different ways during the pandemic, but if there’s a common theme, it’s that the situation was bad in the first quarter, and it’s going to get worse.
Easing lockdowns about to make day-to-day choices more complicated
With states lifting their coronavirus restrictions piecemeal and according to their own, often arbitrary, timetables, Americans are facing a bewildering multitude of decisions about what they should and should not do to protect their health, their livelihoods and their neighbors.
Pandemic hobbles drugmakers in recruiting for new studies
The Covid-19 pandemic is hampering research across the pharmaceutical industry, including at Indianapolis-based Eli Lilly and Co.
Trump signs order keeping meat processing plants open
The order will use the Defense Production Act to classify meat processing as critical infrastructure to keep production plants open.
UPDATE: State enlists private contractor to boost COVID-19 testing dramatically
The Indiana State Department of Health on Tuesday announced it has reached an agreement with a subsidiary of United Health Group to open 20 testing sites around the state in the next week and 50 sites by mid-May.
Simon poised to reopen Indiana malls on Saturday
The 49 Simon Property Group shopping centers that CNBC says are slated to reopen by Monday represent about one-quarter of the company’s U.S. properties.
Coast Guard, Ripley Entertainment criticized in fatal boat crash
The National Transportation Safety Board released the findings of its investigation into the July 2018 tragedy that killed nine members of an Indianapolis family.
Multimillion-dollar verdict for Herff Jones survives challenge from rival Jostens
The Alabama Supreme Court has upheld a trial court’s decision in favor of Indianapolis-based Herff Jones in a lawsuit that accused Jostens of stealing trade secrets.