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.
Marion County on Friday saw its cumulative death toll from the virus reach 604, up from 598 in Thursday’s report.
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.
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.
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.
Organizers said the event will be replaced with a modified State Fair 4-H Livestock Show featuring additional activities.
Gap Inc. has more than 390 stores at Indianapolis-based Simon’s malls, including its namesake brand, Old Navy and Banana Republic.
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.
Indianapolis Motor Speedway officials said allowing spectators would be too difficult because of possible social distancing restrictions in place for the COVID-19 pandemic.
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.
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.
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.
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.
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.
National Hot Rod Association drag racing plans to resume its season in July with back-to-back events at Lucas Oil Raceway.
AMC, the biggest movie theater chain in the U.S. and Europe, is seeking to tame its debt load by asking subordinated bondholders to accept cuts of about 50% from full face value on existing debt.
Illinois is planning to borrow $1.2 billion from the central bank for one-year to cope with revenue losses brought on by the economic shutdowns caused by the pandemic and the delay of its annual tax-filing deadline.
The Indiana State Department of Health on Wednesday said 277,815 people have been tested so far, up from 271,919 in Tuesday’s report—an increase of 5,896.
Organizers said public health concerns and financial resources were the main factors in canceling the 50-year-old event.
Tuesday’s release of the once-obscure company’s financial results for the February-April period provided a window into the astronomical growth that has turned it into a Wall Street star.
