Ikea temporarily shutting down all U.S. stores
The international retailer opened its Fishers store in October 2017.
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Panic buying leaves retailers scrambling to restock
Grocers big and small are hiring more workers, paying overtime and limiting purchases on certain high demand items as they scramble to restock shelves that have been wiped out in response to the global viral pandemic.
Wide swath of economy seeks share of COVID-19 rescue package
As Congress works on a rescue package to help shore up a U.S. economy hard hit by the pandemic, businesses from the solar power industry to casinos and hotels, along with doctors, nurses and educators are urging lawmakers to give them a share of the pie.
Trump pushes for massive aid from Congress, checks to public
President Donald Trump asked Congress to speed emergency checks to Americans, enlisted the military for MASH-like hospitals and implored people to stay home to stop the spread of the coronavirus. His proposed economic package could approach $1 trillion.
Wide disparity in coronavirus responses found across nation
In some places, governors, mayors and county leaders have instituted aggressive action that is changing the fabric of life. In other spots, authorities have been far more lax, allowing routines to carry on more or less as normal.
Democratic candidate for governor says state should tap cash reserves to fight coronavirus
Candidate Woody Myers on Tuesday issued his own plan for dealing with the outbreak, which includes spending some of the state’s surplus revenue and bringing state lawmakers back for a special session.
U.S. expected to lose 4.6M travel-related jobs this year from virus fallout
Total spending on travel in the United States—including from transportation, retail, lodging and restaurants—is expected to drop by $355 billion for the year, or 31 percent—more than six times the impact of the Sept. 11, 2001, terrorist attacks.
Administration announces 90-day delay for many tax payments
Taxpayers will still have to file their tax returns by the April 15 deadline. But they won’t have to pay their tax bill for 90 additional days. During that time, individuals and corporations will not be subject to interest or penalty payments.
Stocks jump after Trump promises to ‘go big’ on virus aid
Stocks closed solidly higher after President Donald Trump promised major plans to blunt the economic pain caused by the coronavirus outbreak.
Colts sign QB Rivers in one-year deal
The San Diego Chargers announced last month that they wouldn’t re-sign 38-year-old Philip Rivers after a disappointing 5-11 season.
Indiana University looks within to replace Glass as athletic director
Indiana University on Tuesday announced the appointment of longtime IU athletics administrator Scott Dolson as the school’s new athletic director.
Chicago-based pizza chain Lou Malnati’s coming to north side
The chain’s signature deep-dish pies are renowned in the Chicagoland area, where the company has 56 locations. A private equity firm took an ownership stake in 2016 to spur growth.
Federal Reserve launches $10B special fund to keep credit flowing in U.S. economy
Starting Tuesday, the central bank will buy significant amounts of commercial paper, the short-term loans that businesses rely on for funding to pay bills and other expenses.
Indiana law schools all decline in latest U.S. News rankings
Indiana University’s two law schools posted the biggest declines in the 2021 U.S. News & World Report rankings, while Notre Dame Law School slipped but was still within the range established in the previous few years.
Kentucky Derby moving to September because of coronavirus
The Kentucky Derby and its associated events attract hundreds of thousands of people to Louisville, with last year’s race drawing more than 150,000 at Churchill Downs.
Stocks move higher on Wall Street after worst drop since 1987
Markets around the world remain highly volatile as traders see a recession growing more likely and large sections of the economy come closer to shutting down due to the coronavirus outbreak.
U.S. retail sales fell in February ahead of virus impact
The report suggests consumers had already begun to scale back on spending before the number of coronavirus cases in the U.S. began accelerating.
Why outbreaks like coronavirus spread exponentially, and how to ‘flatten the curve’
After the first case of covid-19, the disease caused by the new strain of coronavirus, was announced in the United States, reports of further infections trickled in slowly. Two months later, that trickle has turned into a steady current.
Indiana distilleries among those producing hand sanitizer
Hotel Tango Distillery in Indianapolis said Monday that it is temporarily adding a new high-proof ethyl alcohol-based hand cleaner to its line of products.
Office-space chain plans coworking hub in Broad Ripple church
The firm would occupy the entire 18,366-square-foot church, and retrofit the building for open desk space, office areas, conference rooms and administrative space.