Ruby Tuesday files for bankruptcy, closes 185 more restaurants
Indianapolis is down to just one Ruby Tuesday’s location. The chain now operates 236 dining rooms in total, a decrease from more than 500 three years ago.
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Survey: Companies to shrink offices as work stays remote
The poll, conducted for Cisco Systems by Dimensional Research, concluded that working from home is the “new normal.”
Regal Cinemas to suspend operations at all U.S. theaters
The world’s second-biggest cinema chain on Thursday plans to close its 536 Regal theaters in the United States and its 127 British locations, affecting about 45,000 employees,
H&M’s new CEO gets tough with plan to eliminate 5% of stores
H&M is making its biggest retrenchment ever as the pandemic exacerbates its record inventory buildup. The retailer said Thursday it plans to permanently shut 250 stores on a net basis in 2021 after eliminating 50 this year.
As COVID deaths hit 1 million, scientist says toll might be double
The coronavirus’s rapid spread and ability to transmit in people who show no signs of the disease have enabled it to outrun measures to accurately quantify cases through widespread diagnostic testing.
Pay cuts become permanent for many Americans during pandemic
The majority of workers who took a reduction as the virus brought the economy to a halt are still earning less than they were prior to the outbreak, according to a Pew Research Center study released Thursday.
Airline industry pleads for mandatory virus tests to prop up demand
While the call for testing isn’t new, the outlook has turned increasingly grim for airlines taking stock of a disappointing summer with rising infection rates and restrictions dashing hopes for a recovery.
Hotels, restaurants face new conundrum: How to offer service without a smile
Six months into the pandemic, conveying warmth is the new hot topic among hoteliers and restaurateurs. Some are coming up with new ways.
McConnell pledges to bring Trump’s SCOTUS pick up for vote
Senate Majority Leader Mitch McConnell said Friday night that a Trump nominee would get a vote, although he denied President Obama the same opportunity in a similar situation four years ago.
U.S. incomes surged, poverty fell to 60-year low before pandemic
Median, inflation-adjusted household income increased 6.8% last year, to $68,703—among the fastest gains on record—as more Americans got jobs and wages rose, according to annual data released Tuesday by the U.S. Census Bureau.
Heart injury after COVID-19 spurs call to screen college athletes
The finding adds to a growing body of evidence that the pneumonia-causing coronavirus is also resulting in damage to the heart, as well as other organs.
Kroger sales show virus-fueled grocery demand holding steady
The online grocery market is nearly five times larger than it was just a year ago, according to consultants Brick Meets Click and Mercatus, as consumers remain wary of entering stores.
Fixed mortgage rates tumble to lowest levels in history
The 30-year fixed rate has never been this low since Freddie Mac began tracking mortgage rates in 1971. It surpassed the previous low of 2.88%, set last month.
NFL broadcasts to feature phantom fans cheering stellar plays
The NFL is set to kick off its 2020 season Thursday night in Kansas City, where 16,000 fans are expected. But it will sound as if 76,416 spectators are cheering thanks to NFL Films, which is supplying prerecorded audio specific to each NFL venue.
Sanofi, Glaxo start human trials for COVID-19 vaccine
Two of the world’s biggest vaccine makers, began testing their experimental COVID-19 shot in the first patients on Thursday and aim to start late-stage trials before year-end.
Beef proving more profitable than chicken in pandemic
Inexpensive chicken was supposed to be the pick of the proteins in the pandemic. But suppliers with a greater focus on beef are outperforming those that rely more on poultry.
U.S. unemployment falls to 8.4% as employers add 1.4 million jobs
The U.S. economy has recovered about half of the 22 million jobs lost to the pandemic.
Fauci warns Indiana, six other states to be on alert over Labor Day
There’s particular concern since the holiday comes as more Americans are going back to schools, colleges and work, and commercial travel expands.
In Anthem-Cigna ‘soap opera,’ judge hands damages to neither
A Delaware judge on Monday rebuffed efforts by both Cigna Corp. and Indianapolis-based Anthem Inc. to collect billions over their failed merger.
Amount of pandemic pain felt by small businesses varies by region
In Indiana, 24.6% of companies reported a large negative overall effect from the pandemic. That was 8.4% lower than the national average.