Jobless rate soared to 14.7% in April as U.S. shed 20.5 million jobs
The staggering job losses are more than double what the nation experienced during the 2007-09 crisis.
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Timeline for when Indy restaurants can reopen remains unclear
Indiana Gov. Eric Holcomb says restaurants can reopen starting May 18 in Marion County, and some are preparing to do so. But Indianapolis Mayor Joe Hogsett may have different plans.
Blood thinners show promise for boosting survival chances of sickest COVID-19 patients
For patients on ventilators, about 63% of patients who did not receive the medications died compared with 29% who received the treatment.
Indiana meatpacking plant reopens after virus outbreak
Tests have confirmed COVID-19 infections among nearly 900 of the plant’s 2,200 employees.
State has paid more than 1.7M unemployment claims since beginning of April
Since April, the state has paid out nearly $1 billion in federal and state unemployment claims, Indiana Department of Workforce Development Commissioner Fred Payne said Thursday.
Green flag: IndyCar to open delayed season without spectators
IndyCar has gotten the OK to finally start its season next month with a nighttime race in Texas.
Kite Realty sees 25% of tenants ask for rent deferrals in first quarter
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.
State reports 633 more COVID-19 cases, 31 additional deaths
The Indiana State Department of Health said Thursday that the cumulative death toll in the state rose to 1,295.
Developer attributes continued delays on Speedway hotel project to pandemic
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.
Locked-down drinkers lose their thirst for Budweiser, Stella
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.
Another 3.2M file unemployment claims, including 43,777 in Indiana
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.
Trump says virus task force to stay but evolve with reopening
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.
April jobs data to show epic losses, soaring unemployment rate
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.
CNO Financial see tough quarter, but commits to no layoffs in 2020
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.
Gary Brackett closes Stacked Pickle sports bar chain
Stacked Pickle lists 10 locations on its website—nine in Indiana and one in Dayton.
Airport could see lower-than-expected activity for up to 3 years, leader says
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.
Toxicology firm to offer antibody testing for COVID-19 in Indy, Carmel
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.
Big Ten Conference football season an uncertainty without open campuses
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.
Community Health reports $13.7M operations loss during first quarter
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.
Michigan Legislature sues to block governor’s virus orders
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.