Indiana reports fifth straight daily increase in COVID-19 cases
Marion County has now seen more than 12,000 cases during the pandemic, accounting for 23.5% of Indiana’s total.
Diseases
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Capital Improvement Board misses May revenue mark by nearly 70%
The CIB, which operates the Indiana Convention Center and Lucas Oil Stadium, on Friday said May income fell significantly short of both previous-year and budgeted totals because of the pandemic.
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JW reopens with new safety protocols, updated rooms
Guests who stay at the hotel will see a variety of changes, including plexiglass barriers at check-in counters and an increase to the amount of time allocated for room cleanings.
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Convention Center gets back in the game by hosting basketball tournament
The Nike Tournament of Champions, a 300-team girls basketball event, is expected to bring 9,000 people to Indianapolis through Sunday, injecting an estimated $8.9 million into the local economy.
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United Airlines sending layoff notices to nearly half of U.S. employees
The furloughs would include 15,000 flight attendants, 11,000 customer service and gate agents, 5,500 maintenance workers and 2,250 pilots.
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Articles
Stocks extend weekly gains, buoyed by positive Remdesivir findings
Gilead Sciences Inc. advanced after reporting its Remdesivir treatment cut COVID-19 mortality risk by 62%.
Indiana’s neighbor toughens mask mandate, requires businesses to deny service
Michigan Gov. Gretchen Whitmer on Friday said businesses must comply beginning Monday or risk losing their licenses. She pointed to “stalled” progress in suppressing the virus.
Catholic Church lobbied for pandemic relief funds, got $1.4B
The church’s haul may have reached—or even exceeded—$3.5 billion, making a global religious institution with more than a billion followers among the biggest winners in the U.S. government’s pandemic relief efforts
Fed buys more corporate bonds, but might soon end purchases
The Federal Reserve said Friday that it purchased $1.3 billion in corporate bonds in late June as part of its effort to keep U.S. interest rates low and ensure large companies can borrow by selling bonds.
Indiana passes 50K mark after jump in COVID-19 cases
The Indiana State Department of Health on Friday reported 748 new cases, the largest one-day increase since May 6, when cases increased by 837.
Sur La Table files for bankruptcy, to close dozens of stores
Kitchen goods retailer Sur La Table says it has reached a “stalking horse” agreement with New York-based Fortress Investment Group for a possible sale.
Big Ten scraps nonconference football games due to pandemic
The conference cited medical advice in making its decision and added ominously that the plan would be applied only “if the conference is able to participate in fall sports.”
Masks to be optional for some Indiana public schools districts
With no statewide requirement in Indiana, districts are left to make the decision, then potentially write a policy and secure enough masks to outfit students and teachers.
WHO acknowledges coronavirus might be spread in the air
In a change to its previous thinking, the World Health Organization noted Thursday that studies evaluating COVID-19 outbreaks in restaurants, choir practices and fitness classes suggest the virus might have been spread through airborne microdroplets.
More than 1,000 TSA employees have tested positive for coronavirus
Air travel numbers, that collapsed in the early stages of the coronavirus outbreak, are steadily climbing even as the virus is surging again: Nearly 2.7 million people traveled over the July Fourth holiday weekend.
U.S. economy shows signs of stalling as viral outbreak worsens
Some economists have even warned that a so-called “double-dip” recession, in which the economy shrinks again after rebounding, could develop.
Indiana COVID-19 cases increase by 512, deaths by seven
The Indiana State Department of Health on Thursday said 9.1% of those tested in Indiana have been positive for COVID-19.
Indiana reports big decline in weekly unemployment claims
Indiana saw initial unemployment claims plummet from numbers that were suspected of being inflated by fraud the previous week, according to figures released Thursday morning by the U.S. Department of Labor.
U.S. consumers reduced borrowing by $18.3B in May
May’s decline marked the first time in a decade that overall consumer borrowing has fallen for three straight months.
Tens of thousands expected to walk off job in ‘Strike for Black Lives’
A national coalition of labor unions, along with racial and social justice organizations, plan to stage a mass full-day walkout from work this month in more than 25 cities.
Retailer Brooks Brothers, worn by Lincoln and Kennedy, goes bankrupt
The struggling retailer, which was sued last month by Simon Property Group for unpaid rent, plans to close a quarter of its stores.
At least 178 Hoosier law firms received Paycheck Protection Program money
Two Indianapolis-based law firms each were approved for PPP loans totaling between $5 million and $10 million.
Summer carnival planned at Indiana State Fairgrounds called off
Organizers cited “an abundance of caution” for canceling the event, which had been scheduled to run from July 31 to Sept. 7.
Indiana sees increase of 437 cases, 15 deaths from COVID-19
The latest numbers, reported Wednesday, show the United States surpassing 3 million cumulative COVID-19 cases since the beginning of the pandemic.