NASCAR suspends season until May but will reschedule events
The decision came after at least two Monday conference calls between the sanctioning body and its team owners. It affects seven total races.
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Roche begins shipping emergency-approved COVID-19 tests across country
Indianapolis-based Roche Diagnostics said Monday that it has begun shipping an initial order of 400,000 COVID-19 test kits to a network of more than 30 hospital and laboratories.
Carmel approves paid-leave funds for coronavirus-related absences
The Carmel City Council on Monday passed an ordinance to provide additional paid leave to city employees who need to miss work due to the spread of COVID-19.
Holcomb aims to calm Indiana, get Hoosiers behind his plan to fight COVID-19
Under the hot glare of television lights, before dozens of reporters and spectators at the Indiana Statehouse on Monday afternoon, Indiana Gov. Eric Holcomb began talking of war, combat and a long, hard, struggle ahead.
MLB delays opening day to mid-May at earliest due to virus
Major League Baseball had already called off the rest of the spring training schedule and postponed opening day, which had been scheduled for March 26, for at least two weeks.
Republican councilors ask Hogsett to pass on purchase of BlueIndy assets
Council Minority Leader Brian Mowery said his caucus believes returning Blue Indy spots to non-metered public parking would be beneficial to businesses.
Amazon to hire 100,000 in U.S., raise pay by $2 per hour to keep up with demand
Raises will go to workers at Amazon’s warehouses, delivery centers and Whole Foods grocery stores, all of whom make at least $15 an hour.
Dow dives 2,997 points on fears virus will cause recession
Even for a market beset by volatility in recent weeks, the losses were staggering. The 12.9% drop in the Dow was its worst since 1987. The S&P 500 and the NASDAQ also dropped 12%.
Partnership aims to preserve Indiana African American sites
A new partnership financed by memorial funds endowed by Eli Lilly and Co.’s first black chemist has set its sights on preserving some of Indiana’s significant African American landmarks.
In ‘devastating’ decision, IRT cancels final three productions of season
The decision follows new guidance for public gatherings from the Centers for Disease Control and Prevention that on Monday was adopted by both the city of Indianapolis and the state of Indiana.
Rescheduling Indy 500 would be difficult; canceling it could doom race teams
The IndyCar Series—and the city of Indianapolis—would take a devastating hit if the Indianapolis 500 was canceled this year. Officials are looking at contingency plans for holding the race this summer or fall if the fallout from the pandemic extends beyond May.
Hogsett closes gyms, entertainment venues and nightclubs—and warns against local travel
The order will be in effect for at least seven days. Hogsett plans to seek permission from the Indianapolis City-County Council on Monday night to extend the order to April 5.
Restaurateur understands Holcomb eatery restrictions, says ‘people aren’t heeding the warnings’
Ed Rudisell, owner of several downtown restaurants hurt by the COVID-19 outbreak, said he wasn’t surprised by the Governor’s decision on Monday to limit service for all eateries to takeout and delivery.
U.S. surgeon general on virus: ‘Every chance that we could be Italy’
Two weeks ago, Italy had 1,700 cases of coronavirus and had reported 34 deaths. Now, Italy is reporting an estimated 25,000 cases and more than 1,800 deaths.
Human testing on possible coronavirus vaccine gets underway in Seattle
Monday’s milestone marked just the beginning of a series of studies in people needed to prove whether the shots are safe and could work. Even if the research goes well, a vaccine wouldn’t be available for widespread use for 12 to 18 months, officials say.
Stocks take another deep plunge as more businesses shut doors
The selling began immediately on Wall Street, and losses were sharp enough at the open to trigger a temporary trading halt for the third time in the last two weeks.
Cheap fares luring travelers to fly despite pandemic
Airlines are seeing bookings plummet and cancellations soar as fear of infection causes many Americans to avoid flying. That’s leading to drastically reduced ticket prices.
Indiana unemployment dipped to 3.1% in January
In a snapshot of the state’s workforce from January, private employment grew in the transportation, hospitality, education and health sectors while declining in manufacturing.
IBJ Podcast: Pete the Planner talks about the virus, the impact on the economy and what to think about your portfolio
Peter Dunn talks with podcast host Mason King about what people can do to prepare for what he believes will soon be a recession. The goal, he said, is to “get lean.”
United Airlines to cut capacity by 50%, warns cuts could last until summer
United said Sunday night it expects planes to be only 20% to 30% full at best, down from nearly 90% before the virus hit. The airline said the cuts could extend into the peak summer travel season.