The Indianapolis-based real estate company reported a 16% year-over-year drop in revenue during the first quarter as many tenants sought rent deferrals to weather pandemic-related business shutdowns.
The project, similar to one under way on the east side of Indianapolis, will close lanes in both directions over different periods starting May 22.
The Indiana State Department of Health said Thursday that the cumulative death toll in the state rose to 1,295.
With capacity restricted, the smallest restaurants say it’s not feasible to reopen. Others are proceeding cautiously and changing how they’ll operate.
Construction has been stalled on the planned 126-room hotel at the southeast corner of Main and 16th Streets since July 2019, while Indianapolis-based development firm Loftus Robinson LLC has tried to shore up financing.
Revenue from Budweiser, Stella Artois and Corona dropped 11% in the first quarter, about twice the rate of decline for the company’s overall portfolio of more than 500 labels.
Roughly 33.5 million people nationwide have now filed for jobless aid in the seven weeks since the coronavirus began forcing millions of companies to close their doors and slash their workforces.
While the task force has already been meeting less frequently, its medical experts, particularly Drs. Anthony Fauci and Deborah Birx, have emerged as among the most trusted voices on the virus response.
Even the breathtaking figures due out Thursday and Friday won’t fully capture the magnitude of the damage the coronavirus has inflicted on the job market.
Carmel-based CNO Financial Group Inc. suffered a first-quarter loss of $21.2 million, due mostly to a dismal investment market brought on by the COVID-19 pandemic.
Stacked Pickle lists 10 locations on its website—nine in Indiana and one in Dayton.
Mario Rodriguez, executive director of the Indianapolis Airport Authority, said activity has dropped to as low as 5% of typical operations, with the the facility serving only 14 of its 53 destinations.
The northwest side company said it has secured an FDA-approved serology test developed by Abbott Laboratories, making it the latest player to offer the service.
Not one of the 14 schools in the Big Ten Conference can say for sure if it will have students back on campus this fall—a crucial step for sports.
The Indianapolis-based hospital system is feeling the effects of the COVID-19 pandemic. It also lost $201.2 million on investments during the quarter as the economy and financial markets tanked.
The Republican-led Michigan Legislature sued Democratic Gov. Gretchen Whitmer on Wednesday, asking a judge to declare invalid and unenforceable her stay-at-home order and other measures issued to combat the coronavirus pandemic.
The Indiana State Department of Health said Wednesday that the cumulative death toll in the state rose to 1,264, up from 1,213 the previous day—an increase of 51.
A plan issued last week by the state would allow Marion County to “reopen” on May 11, but Indianapolis Mayor Joe Hogsett said maintaining his stay-at-home order through May 15 will be safer.
Indiana residents should be wary about claims some companies are making about their ability to combat the spread of the coronavirus with disinfectants or cleaning services, state officials said.
The intraparty rift on a payroll tax cut comes as the Democratic-led House scrambles to produce additional coronavirus legislation with perhaps another massive price tag.
