Business lobby raises concerns over Trump payroll tax break
The U.S. Chamber of Commerce called the president’s move “well-intended to provide relief,” but raised questions about whether it would be workable.
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United plans more Florida flights, but virus will get final say
United’s planned new winter flights to Florida, which will depart from New York, Boston, Cleveland, Indianapolis, Pittsburgh, Milwaukee, and Columbus, Ohio, are aimed at leisure travelers. But the airline is prepared to reverse course if necessary.
Drivers get on track at empty Indianapolis Motor Speedway
The show is going on at Indianapolis, but it certainly isn’t the same. Indianapolis Motor Speedway is a ghost town. The pandemic forced the speedway to proceed with “The Greatest Spectacle in Racing” without spectators and their absence is clearly being noticed.
S&P 500 closes just below all-time high, erasing pandemic losses
The S&P 500 index climbed as high as 1.6% on Wednesday, topping the level reached on Feb. 19, before fading a bit before the market’s close.
Holcomb proposes moving student count date to fix virtual funding issue
Indiana Gov. Eric Holcomb on Wednesday announced a plan to avoid a situation in which school systems that choose not conduct in-person classes due to pandemic concerns receive less than 100% of expected funding.
McMillan gets rewarded by Pacers with 1-year contract extension
Coach Nate McMillan has a record of 181-136 in four seasons and needs one more win to break a tie with Rick Carlisle for third in career victories during the franchise’s NBA history.
Simon Property, Authentic Brands buying Brooks Brothers for $325M
The venture between Authentic Brands Group and Simon Property Group will continue running at least 125 of Brooks Brothers’ 200 stores as part of the deal.
Colleges planning football in spring face lots of questions
Exactly when a season could be played in the spring is likely to be determined by the status of the pandemic and the NCAA men’s basketball tournament. Would anybody in college sports want football treading on basketball’s main event?
Indiana reports 671 more COVID-19 cases amid big drop in testing
The Indiana State Department of Health on Wednesday reported the testing of 5,760 more individuals. That’s the smallest testing number in a daily report since July 7
OpenTable’s new CEO sees shakeout looming for U.S. restaurants
The industry remains on track to lose 25% of its eateries nationwide based on the pace of reservations, according to Debby Soo, who took over this month as CEO of the restaurant-booking service.
Retailer Stein Mart files for bankruptcy, might close all 281 stores
Stein Mart is a discount retailer that runs 281 stores in 30 states, including four in the Indianapolis area.
Companies test antibody drugs to treat, prevent COVID-19
With a coronavirus vaccine still months off, companies—including Indianapolis-based Eli Lilly and Co.—are rushing to test what might be the next best thing: drugs that deliver antibodies to fight the virus.
Alonso confident in McLaren prep for another Indy 500 attempt
The former Formula One champion, who failed to qualify for the race last year in a spectacularly woeful effort by McLaren, has returned to Indianapolis Motor Speedway for a third attempt at winning.
Delaware County school district quarantines 228 students
It’s the largest student quarantine in the state reported so far, topping the roughly 48 students affected in the Lanesville Community Schools in southern Indiana’s Harrison County.
Cheapest apartments facing biggest foreclosure risk from pandemic
While landlords at the priciest, amenity-rich apartments have collected most of their rent payments during the pandemic, owners of older, less fancy units—the backbone of the nation’s affordable housing supply—have not fared as well.
Virus surge makes U.S. weaker link in global economic recovery
The United States’ inability to get the pandemic under control and its ongoing political battle over a new aid package is casting doubt on its economic prospects and making it one of the chief risks to a global rebound, some economists say.
Governors raise concerns about Trump’s executive order, but Holcomb’s position unclear
As governors in other states raise concerns about President Donald Trump’s order to partially extend federal unemployment bonus payments, Indiana Gov. Eric Holcomb’s administration is mostly staying silent.
State passes 75K total COVID-19 cases, reports highest daily death toll in 2 months
Marion County reported an increase of 125 cases, the 26th straight day that cases in the county have risen by more than 100.
U.S. producer prices up 0.6% in July, biggest jump since 2018
The Labor Department said Tuesday that the jump last month in its producer price index—which measures inflation before it reaches consumers—was about twice what economists had expected.
Russia’s approval of COVID-19 vaccine greeted with skepticism
Russia on Tuesday became the first country to approve a coronavirus vaccine for use in tens of thousands of its citizens despite not completing clinical trials.