Indiana reports another 32 deaths from COVID-19
The Indiana State Department of Health said 12.4% of the nearly 30,000 people in the state who’ve been tested for the coronavirus have been positive.
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State contractor OptumServe not meeting test result requirement
Indiana State Health Commissioner Kris Box said during Friday’s press briefing that OptumServe, which is subsidiary of United Health Group, is not providing all test results within a 48-hour window, as the contract requires.
Dow jumps 829 points, Nasdaq hits intraday record on surprising jobs report
The S&P 500 jumped another 2.6% after a report said the U.S. job market surprisingly strengthened last month, bolstering hopes that the worst of the recession may have already passed.
Aria Diagnostics adding 50 employees, space to keep up with test demand
The expansion will allow Indianapolis-based Aria to boost testing-kit assembly from 137,000 to 400,000 per week, the company said.
Q&A: Elaine Bedel on raising money for women-led research
Development Corp., is helping raise money for a women-focused cancer research initiative. The campaign, which will run through June, is in its second year.
Wall Street’s rally zooms higher after surprise gain in jobs
The S&P 500 is now down less than 6% from its record high set in February after being down nearly 34% earlier this year when recession worries were peaking.
CIB sees revenue dip by 50%, as officials hope for late-summer surge
With no new business in April and downtown hotel occupancy stuck below 8% since late March, the agency overseeing the Indiana Convention Center and Lucas Oil Stadium has seen revenue crater.
Indiana reports increase of 482 COVID-19 cases, 26 deaths
Marion County on Friday saw its cumulative death toll from the virus reach 604, up from 598 in Thursday’s report.
U.S. jobless rate unexpectedly fell in May as hiring rebounded
America’s labor market unexpectedly rebounded in May, signaling the economy is picking up faster than thought from the depths of the damage from the coronavirus pandemic.
Airline stocks soar as American, United add back flights
American Airlines said it will aggressively add back flights in July, while United Airlines also announced plans to add back flights, while taking a more cautious approach.
NBA owners approve 22-team season restart plan
The NBA’s Board of Governors has approved a 22-team format for restarting the league season in late July at the Disney campus near Orlando, Florida. The Indiana Pacers would be among the 22 teams involved in the restart.
Indiana State Fair called off this year over pandemic concerns
Organizers said the event will be replaced with a modified State Fair 4-H Livestock Show featuring additional activities.
Simon Property Group sues Gap Inc. over $65.9M in unpaid rent
Gap Inc. has more than 390 stores at Indianapolis-based Simon’s malls, including its namesake brand, Old Navy and Banana Republic.
State health department reports daily high in COVID-19 testing
The department said Thursday that the cumulative death toll in the state rose to 2,052, up from 2,032 the previous day—an increase of 20.
Brickyard 400, affiliated races to run without spectators on July 4 weekend
Indianapolis Motor Speedway officials said allowing spectators would be too difficult because of possible social distancing restrictions in place for the COVID-19 pandemic.
Another 1.9M file new unemployment claims, including 23,591 in Indiana
The diminishing pace suggests that the job market meltdown that was triggered by the coronavirus may have bottomed out, as more companies call at least some of their former employees back to work.
U.S. Senate passes changes to Paycheck Protection Program
The legislation would give business owners more flexibility to use taxpayer subsidies for other costs and extend the lifespan of the program as the economy continues to struggle through record joblessness and a deep recession.
Feds finds 196 more COVID-19 deaths in Indiana nursing homes than state reported
Indiana health leaders said they were working Wednesday to determine why a federal report found more coronavirus-related deaths among the state’s nursing home residents than state officials had tallied.
State plans to test all long-term care facility employees for COVID-19
Nursing homes across the country have been hit particularly hard by COVID-19. In Indiana, 945 of the state’s more than 2,000 deaths have involved residents at the facilities.
Wall Street’s rally rolls on; S&P 500 back within 8% of high
The S&P 500 has surged nearly 40% since late March. The index is back above where it was on Feb. 26, one week after setting its record.