Wall Street pulls back after companies detail virus fallout
Stocks were down significantly in midday trading Friday after Amazon and other big companies laid out how the coronavirus pandemic is hitting their bottom lines.
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Indiana reports surge in COVID-19 cases as testing hits high mark
The Indiana State Department of Health said Thursday that the cumulative death toll in the state rose to 1,062, up from 1,007 the previous day—an increase of 55.
U.S. manufacturing sees April decline as pandemic takes toll
The news was bad across the board: Production, new orders, hiring and export orders all fell faster in April than they did in March.
Rich grabbing historic chance to pass on wealth tax-free
Plunging interest rates and volatile equity markets are creating a once-in-a-lifetime chance that’s keeping wealth advisers busy even as they work from home.
Reopened restaurants revealing dining’s ‘new normal’
Waiters wearing plastic gloves and masks. Disposable menus. Family-only tables. Booth dividers. Eateries in several states are reopening under heavy restrictions.
Michigan governor’s stay-home extension leads to political fight, protests
The Republican-led Michigan Legislature refused Thursday to extend the state’s coronavirus emergency declaration and voted to authorize a lawsuit challenging Democratic Gov. Gretchen Whitmer’s authority and actions to combat the pandemic.
IPS in stable financial position for now, but could be hit hard by pandemic
Noting that state revenue is “going to diminish significantly,” IPS Board President Michael O’Connor said at Thursday’s board meeting that the district must “be prepared to make some very conservative, very difficult decisions about preparing for those cuts.”
3M files suit over alleged scam that targeted Indiana for billions of dollars
Manufacturing giant 3M Co. alleges a Nevada company and its representatives tried to “perpetrate a false and deceptive price-gouging scheme” by offering to sell the state of Indiana respirators for $285 million to $14.25 billion.
Major U.S. airlines to require passengers to wear face masks
The move comes as airlines big and small contemplate how to comply with social-distancing recommendations in the midst of the coronavirus pandemic.
Simon says it won’t defy state-at-home orders in reopening malls, calls speculation it might ‘very offensive’
A company official said it’s “preposterous” to think the company would reopen its malls, especially those in its home state, while stay-at-home orders are still in place.
Local lending app’s COVID mission mirrors angelic name
Taylor Simpson says the coronavirus outbreak is “the perfect launchpad” for his Indianapolis startup, The Halo App. If that sounds cold, it’s not, he insists. Simpson explained that helping people has always been his firm’s primary mission. This month, in response to the pandemic, Simpson is putting his money where his mouth is
Stocks post best month since 1987 despite daily drop
Investors continue to weigh a brutal economic picture against hopes for a coronavirus treatment and an eventual end to lockdown measures across the world.
New Indiana coronavirus order won’t ban tighter local rules
Any easing of Indiana’s statewide stay-at-home order won’t limit the authority of city or county officials from imposing tighter restrictions in their attempts to slow the coronavirus, the governor said Thursday.
NASCAR to resume season with 7 races in 10 days—and no spectators
NASCAR has set guidelines to safely hold the events using CDC guidelines on social distancing and personal protective equipment. Only essential personnel will be permitted to attend the events.
Pence wears mask as he tours Indiana plant making ventilators
Vice President Mike Pence toured the General Motors facility in Kokomo, which had been closed due to the coronavirus and was brought back online in mid-April to produce critical care ventilators for hospitals around the country.
Small business survey finds majority of companies want to open now
A survey of about 350 members of the National Federation of Independent Businesses found 59% want state and local governments to lift stay-at-home orders immediately and let companies reopen.
Fear of virus isn’t reason enough to qualify for unemployment benefits
Gov. Eric Holcomb recommended that Hoosiers concerned about returning to work go to their employer “and try to work these things through and make sure they understand and realize where you’re coming from.”
State reports another big rise in COVID-19 cases, 43 more deaths
The Indiana State Department of Health said Thursday that the cumulative death toll in the state rose to 1,007, up from 964 the previous day.
U.S. consumer spending plunges record 7.5%, reflecting virus
The Commerce Department said the spending decline was the sharpest monthly drop on records that go back to 1959.
UPDATE: Marion County’s extended stay-at-home order could stop Simon’s plans to reopen Indy malls
Indianapolis Mayor Joe Hogsett’s chief of staff, Thomas Cook, said Thursday morning that Castleton Square Mall, Circle Centre and the Fashion Mall at Keystone won’t likely be allowed to reopen Saturday under Marion County orders.