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.
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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.
State reports surge in COVID-19 cases, rise in testing
The Indiana State Department of Health said Wednesday that the cumulative death toll in the state rose to 1,264, up from 1,213 the previous day—an increase of 51.
Hogsett says county’s stay-home order will still run through May 15 despite state plan
A plan issued last week by the state would allow Marion County to “reopen” on May 11, but Indianapolis Mayor Joe Hogsett said maintaining his stay-at-home order through May 15 will be safer.
Indiana warns about false, misleading virus cleaning claims
Indiana residents should be wary about claims some companies are making about their ability to combat the spread of the coronavirus with disinfectants or cleaning services, state officials said.
Lawmakers rebuff Trump’s demand for payroll tax cut in next virus aid bill
The intraparty rift on a payroll tax cut comes as the Democratic-led House scrambles to produce additional coronavirus legislation with perhaps another massive price tag.
Americans wary of reopening as White House weighs ending COVID-19 task force
Experts around the country are now revising their forecasts about the spread of the virus, and several models in the past three days suggest that resuming normal activity would spur a significant increase in the number of cases and deaths.