Trump faces long odds in challenging state vote counts
Republican surrogates for President Donald Trump resumed their legal fight Monday to try to stop the vote count in key battleground states, including Pennsylvania and Michigan.
Fall Creek Place eatery Shoefly cites pandemic for closure
Shoefly Public House suspended operations on Saturday after a staff member tested positive for COVID-19. The initial plan was to reopen, but the owners soon decided to make the closure permanent.
Amid pandemic, 66 Indiana hospitals facing fines for excessive readmissions
The federal government says readmissions are often unnecessary and cost taxpayers tens of billions of dollars a year for treatments that should have been caught the first time around, or were not followed up adequately.
Steak n Shake closes 13 more restaurants amid slowing customer traffic
Steak n Shake revenue plummeted to $78.8 million in the third quarter, down from $141.3 million a year ago.
COVID-19 hospitalizations reach new high as state reports 4,213 more cases
The Indiana State Department of Health on Monday said the seven-day moving average for COVID-19 cases reached another all-time high of 4,212.
Stocks skyrocket to record levels on Pfizer’s optimistic vaccine news
Markets were already sharply higher on the U.S. election result when Pfizer said that research shows vaccine shots may be 90% effective at preventing COVID-19, indicating the company is on track this month to file an emergency-use application with U.S. regulators.
Pfizer says COVID-19 vaccine is looking 90% effective
The coronavirus shots, made by Pfizer and its German partner BioNTech, are among 10 possible vaccine candidates in late-stage testing around the world—four of them so far in huge studies in the U.S.
Nursing home COVID-19 cases rise four-fold in surge states
Nursing homes and other long-term care facilities account for about 1% of the U.S. population, but represent 40% of COVID-19 deaths, according to the COVID Tracking Project.
Indiana reports another 4,689 COVID-19 cases; hospitalizations hit another high
The Indiana State Department of Health has reported 262 new COVID-19 deaths over the past seven days, up from 229 the previous week.
Indiana COVID-19 cases top 5,000, hitting record for fourth straight day
Hospitalizations due to COVID-19 also rose to another high in Indiana, as did testing of new individuals.
U.S. consumer borrowing increases by $16.2 billion
The increase included a $3.98 billion increase in credit card borrowing, the first rise since February. Credit card use had fallen for six straight months as households cut back on use of credit cards once the pandemic hit.
Hotels’ vacancy woes cause debt headaches
With travel and convention business continuing to stagnate and COVID-19 cases on a steep rise, many properties find themselves scrambling for long-term loan solutions and pleading for help from lenders.
Indianapolis International Airport absorbs plunge in passengers
Passenger traffic at the airport is expected to be 45% lower in 2020 than last year, but airport leaders say they are confident they can keep the organization’s finances stable.
Bank deposits soar as customers save instead of borrow
High levels of uncertainty, along with other pandemic-related factors, have pushed U.S. commercial bank deposits to record highs since the beginning of the year.
Editorial: Indiana should share more data to help Hoosiers fight COVID-19
The state reports county-level case numbers and identifies schools and long-term-care facilities that have had outbreaks, but it does not share cases by ZIP code nor identify categories of businesses where the virus is being transmitted. Doing so would help Hoosiers make better decisions.
COVID-19 cases, hospitalizations, testing hit new high marks
The Indiana State Department of Health on Friday said the seven-day moving average for COVID-19 cases reached another all-time high of 3,576.
Calumet Specialty Products posts $56M quarterly loss
The Indianapolis-based company, which makes specialty hydrocarbon and fuels products, said it is seeing business conditions improve compared with earlier months of the pandemic.
Fed signals readiness to do more for economy as virus rages
The Federal Reserve kept its benchmark interest rate at a record low near zero Thursday. It announced no new actions after its latest policy meeting but left the door open to provide further assistance in the coming months.
Carmel-based CNO Financial sees profit soar in third quarter
Carmel-based CNO Financial Group Inc. saw a sharp increase in profit during the third quarter, partly because its customers deferred seeking medical care and, as a result, submitted fewer health insurance claims.
Biden pushes closer to victory as Trump presses legal moves
Two days after Election Day, neither candidate had amassed the votes needed to win the White House. But Biden’s victories in the Great Lakes states left him at 264, meaning he was one battleground state away—any would do—from becoming president-elect.
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