Another 75,483 Hoosiers file initial unemployment claims
More than 4.4 million laid-off workers applied for U.S. unemployment benefits last week as job cuts escalated across an economy that remains all but shut down, the government said Thursday.
Associated Press and IBJ Staff
Articles
Dow climbs 705 points; S&P 500 has second straight week of gains
The Dow Jones industrial average soared 3% on Friday and other market indexes showed solid gains as investors latched onto hope about progress in the fight against the coronavirus and a restart of the economy.
5.2 million more seek unemployment aid as U.S. layoffs spread
In Indiana, 118,184 claims were made in the week that ended April 11, down from 127,010. The state was typically seeing less than 3,000 claims per week before the outbreak.
Record 16.8 million have sought U.S. jobless aid since virus outbreak
In Indiana, 133,639 people filed unemployment claims in the week ended April 4, down from 139,174 the previous week, and way up from 75,522 the week before that.
U.S. jobless claims hit 3.3 million, quadruple previous record
In Indiana, initial claims filed for the week ended March 21 rose to a whopping 61,635, up from 2,596 claims the previous week.
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.
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.
Former downtown payroll firm owner gets six years for defrauding clients
David Downey, 51, who ran Time Payroll from 2009 to 2017, was ordered to pay back nearly $9 million for a scheme that defrauded clients in multiple states.
Allison Transmission’s 4Q performance beats analyst expectations
Indianapolis-based Allison Transmission Holdings Inc. on Wednesday reported lower fourth quarter revenue and earnings than a year ago, but the results beat Wall Street predictions.
Kite Realty beats analyst expectations with 4Q performance
The Indianapolis-based real estate investment trust beat Wall Street predictions in two key financial categories in the fourth quarter.
Lilly reports strong fourth quarter on rising sales of Trulicity, Taltz
The Indianapolis-based drugmaker exceeded analyst expectations for both profit and revenue during the most recent quarter.
As robots take over warehousing, workers pushed to adapt
While fears that robots will replace human workers haven’t come to fruition, there are growing concerns that keeping up with the pace of the latest artificial intelligence technology is taking a toll on human workers’ health, safety and morale.
UPDATE: Third Democrat joins Indiana governor’s race, with GOP backer
First-term Sen. Eddie Melton of Gary joined the Indiana governor’s race Tuesday night in Gary with an introduction from the state’s Republican schools chief.
UPDATE: Indiana just days away from legalized sports betting
Indiana will become the 12th state—and the first in the midst of major Midwest markets—with sports betting when a new state law takes effect Sunday.
Bus company makes daily Chicago-Indianapolis route permanent
New York-based OurBus began a two-month pilot service last month after Amtrak ended its passenger line between Chicago and Indianapolis.
Cost-cutting persists at company swallowing Indy Star parent
Just a week after announcing its $1.4 billion acquisition of Gannett, GateHouse Media was again laying off journalists and other workers at its newspapers.
Former Cathedral teacher sues Archdiocese of Indianapolis over firing
A teacher who was fired from his job at a Catholic high school because he's in a same-sex marriage is suing the Archdiocese of Indianapolis for interfering in his teaching contract.
Indiana attorney general sued over groping allegations
Attorney General Curtis Hill is accused of touching the backs or buttocks of state lawmaker Mara Candelaria Reardon and three legislative staffers.
IndyCar to use Red Bull’s aeroscreen for cockpit protection
The safety piece will virtually cover the open-air cockpit with a clear screen on a titanium framework. Its purpose is to protect the driver from flying debris.
Indy resident among those suing Conagra over cooking spray explosions
Eight burn victims, including one from Indianapolis, sued the maker of Pam cooking spray Tuesday, saying they were severely injured when cans of the spray exploded in their kitchens.