Pier 1 to go out of business, permanently close all 540 stores
The home-goods retailer has two stores in Indianapolis and three in the suburbs (Plainfield, Carmel and Noblesville).
COVID-19 patients testing positive after recovery aren’t infectious, study says
The research might aid in the debate over antibody tests, which look for markers in the blood that indicate exposure to the novel coronavirus.
Major streets set aside for dining, distancing could be closed until July 4
Through the Dine Out Indy program, the traffic lanes will become paths for pedestrians, while street parking spots and sidewalks could be utilized for outdoor seating or to expand retail space.
Fed’s Powell says new lending programs to launch by June 1
Federal Reserve Chairman Jerome Powell said that while the Fed has received a “good deal of interest” in its lending programs, if not enough companies or state and local governments seek to borrow, the Fed would consider expanding their eligibility.
Under pressure, Calumet returns $31.4M in federal COVID-19 relief loans
The Indianapolis-based maker of oils, lubricants and fuels was among the nation’s largest recipients of Paycheck Protection Program loans, which for the most part were intended for small businesses.
Indiana reports 450 more COVID-19 cases, highest daily death increase in two weeks
The Indiana State Department of Health said Tuesday that the cumulative death toll in the state rose to 1,678, up from 1,621 the previous day—an increase of 57.
Gen Con cancels for 2020, but extends contract with city for two more years
Gen Con—the single-largest event the Indiana Convention Center hosts on an annual basis from an economic impact standpoint—will become an online event this year. Organizers said the social nature of the gaming event made it impossible to hold in-person.
Sales soar at Walmart as it becomes lifeline during pandemic
Online sales in the U.S. jumped 74% for the quarter ended April 30. Same-store sales rose 10% on strong sales of food, health and wellness goods.
Burgerhaus’ downtown canal location likely won’t reopen
The restaurant opened in 2014. The chain also has locations in Carmel, Schererville and Valparaiso.
Beyond COVID podcast: The complications of moving your staff back to the office
Paul Ashley, a FirstPerson senior vice president and adviser, discusses how to talk with employees about coming back to work, how to address increasing mental health needs of workers, and the ways in which the workplace may change.
With masks and testing, Notre Dame plans to reopen in August
University of Notre Dame officials announced Monday the school’s campus will reopen to students on Aug. 10, with social distancing, a mask requirement, testing and contact tracing to prevent the spread of the coronavirus.
City considers major street closures to expand outdoor dining
Marion County’s reopening plan allows restaurants to open at 50% capacity on Friday—but only if diners eat outside.
Holcomb preparing to tweak reopening plan; details to come Wednesday
Stage 3 of the governor’s roadmap, scheduled to start Sunday, is set to increase the social gathering limit from 25 people to 100, allow retailers to go from operating at 50% capacity to 75% capacity, let fitness centers reopen and allow movie theaters to open at 50% capacity.
‘Triple whammy’ of good news powers Dow more than 900 points
The Dow Jones industrial average surged nearly 700 points at the opening bell, then kept going, after Moderna announced that an early-stage human trial for its coronavirus vaccine successfully produced COVID-19 antibodies in participants.
BOHANON & CUROTT: Entrepreneurs are best equipped to pull us out of this mess
Epic levels of unemployment and declines in GDP take time to repair, even if we get good news such as better remedies or an effective vaccine. There are at least two reasons why.
MHG Hotels sues insurer for claim denial as pandemic-related losses climb
A local hotelier expects to lose more than $20 million from declines in travel tied to the coronavirus pandemic, according to a lawsuit filed against its insurer earlier this month.
Indiana reports another 477 COVID-19 cases as testing hits new high
The Indiana State Department of Health said Monday that the cumulative death toll in the state rose to 1,621, up from 1,607 the previous day—an increase of 14.
Moderna virus vaccine showing encouraging early results
The data released Monday by Moderna is positive, but represents only a first step in a long process to bring a vaccine to market.
Hospitals, health care sector reel from COVID-19 damage
Health care provided the biggest drag on the U.S. economy in the first quarter. Spending on care fell at an annual rate of 18%, the largest drop for that sector among records going back to 1959.
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IBJ Podcast: Holcomb campaign faces peril of managing COVID crisis in public spotlight
On one hand, Holcomb has the opportunity to show voters how he can handle a dire crisis. On the other hand, if he miscalculates how quickly the state should reopen, it’ll be in front of millions of voters with a deep, vested interest.
Resources
Centers for Disease Control and Prevention CDC Resources for Businesses and Employers OSHA Guidance on Preparing Workplaces for COVID-19 Indiana State Department of Health Indy Chamber Rapid Response Hub Small Business Administration The SBA is making low-interest loans for working capital available to Indiana small businesses. Indiana Unemployment Information Johns Hopkins Coronavirus Dashboard Critical Industries Hotline(for business and industry only)
877-820-0890
covidresponse@iedc.in.gov State’s virus-related executive orders State plan to reopen Indiana