Ravaged Indy hotels in danger of delinquencies, defaults
Experts say hotels of all sizes are under tremendous stress as revenue for many falls below the levels needed for debt payments.
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Lawsuit claims IDEM official ‘maliciously targeted’ environmental company, gas stations
Claiming an IDEM official gave “disparate treatment out of sheer vindictiveness” and “orchestrated a campaign of official harassment,” environmental consultants and business owners have filed a lawsuit against the Indiana Department of Environment Management and a deputy assistant commissioner.
Lawsuit claims U.S. plan for Indiana forest could taint water supply
The lawsuit, filed Wednesday in federal court, alleges that the Forest Service violated several environmental acts when it decided to proceed with the project in the Lake Monroe watershed, which serves all of Monroe County.
Indiana attorney general argues suspension doesn’t oust him
Lawyers for Indiana’s attorney general argued Friday that he has the legal right to remain in office even while serving a 30-day suspension of his law license for groping a state legislator and three other women.
Trump still confident in virus test despite false negatives
The Food and Drug Administration announced late Thursday it was investigating preliminary data suggesting the Abbott Laboratories test can miss COVID-19 cases, falsely clearing infected patients.
Federal judge lets suit alleging DCS failed to protect children proceed
A lawsuit alleging harm and constitutional violations by the Indiana Department of Child Services has survived a motion to dismiss.
Finance vets angle for control of Protective Insurance
The business—formerly Baldwin & Lyons Insurance—is one of central Indiana’s oldest public companies.
Crisis puts Holcomb center stage—and that comes with risks, rewards
According to a recent poll conducted by Indy Politics and Change Research, 63% of Hoosiers say they approve of how Holcomb has responded to the pandemic, and 54% say the state is headed in the right direction. But Holcomb’s overall approval rate—at 47%—trailed the numbers for his handling of the coronavirus crisis.
Indiana credit unions pursue growth by buying banks
The banking industry, which argues that credit unions’ tax-exempt status gives them an unfair edge, objects to the trend.
Risk of reopening U.S. economy too fast: A W-shaped recovery
Now, as President Donald Trump and many Republicans press to reopen the economy, some experts see an ominous risk: That a too-hasty relaxation of social distancing could ignite a resurgence of COVID-19 cases by fall, sending the economy back into lockdown.
The car is staging a comeback, spurring oil’s recovery
James Li, a public relations account director, would rather spend an hour sitting in Beijing traffic than risk 30 minutes exposed to crowds on a train. “Traffic is as bad as it could be” but the subway is still too dicey, he said. In Frankfurt, real estate assistant Anna Pawliczek is driving to work for […]
Gaming Commission approves Terre Haute casino license
The Indiana Gaming Commission on Friday awarded a casino license to Spectacle Jack, which plans to build a $120 million casino near Interstate 70 and State Road 46 in Terre Haute.
House Dems near passage of $3T relief bill despite Trump’s veto threat
The sweeping legislation, dubbed the “Heroes Act,” also faces opposition within the House Democratic caucus, with some moderate lawmakers objecting to voting on a bill that they all know will not become law.
State reports uptick in new COVID-19 cases, another 42 deaths
The Indiana State Department of Health reported that 165,448 people have been tested so far, up from 160,239 in Thursday’s report—an increase of 5,209.
Industrial production plunged unprecedented 11.2% in April
American industry was running at 64.9% of capacity last month, shattering the previous record low set in the Great Recession year 2009.
Area homebuilders saw applications rise in April despite pandemic limitations
Applications for home construction permits rose 5% in the Indianapolis area in April, marking the ninth monthly increase in the past 10 months on a year-over-year basis.
U.S. retail sales plunged record 16% in April amid shutdowns
A long-standing migration of consumers toward online purchases is accelerating, with that segment posting a 8.4% monthly gain.
Scale co-founder launches AI-based software firm to help streamline business management
Executive coach Peter Fuller developed an artificial intelligence-driven platform that lets business leaders know how effectively they’re leading their firm and whether their company is headed in the right direction.
Last Indianapolis Bravo! restaurant closes permanently
The northwest-side location, in the Willow Lake East shopping center, was Bravo!’s last remaining Indianapolis location. Its parent company, Florida-based FoodFirst, filed for bankruptcy protection last month.
Gym owners sweating over whether patrons will return
The fitness industry faces lingering uncertainty about the health risks of the traditional gym, with its shared treadmills and sweaty saunas, as well as the ongoing disruption to a business model that values routine and repetition above all else.