Business, Economy and Consumer Affairs

One day, your internet use may not be limited by 4G speeds. As early as 2018, many in the United States will be able to use 5G enabled devices.

Just a few blocks away from the roar of the Speedway, there’s a tiny gray house.

Unlike its neighbors, it’s not receiving an internet connection from wires running inside. Its internet comes from a 5G radio.

This is one of Verizon’s prototypes – the only one in Indiana. The company is partnering with Ericcson and Intel to demonstrate 5G wireless internet.

As Indiana farmers hurry through planting season – the corn crop is nearly three-quarters planted as of Monday, with soybeans nearly half done – they’re also watching big changes at the USDA.

The department is reorganizing its trade and rural development programs, while the White House takes aim at those issues in its own way.

Six months after President Donald Trump intervened in Carrier’s planned Indianapolis layoffs, the company is releasing the final number of jobs it still plans to cut.

The Department of Workforce Development got the appliance-maker’s official notification of the layoffs Monday, in a letter dated May 19.

It says 632 workers will lose their jobs at Carrier’s Indianapolis fan coil factory between late July and the end of the year.

Indiana Unemployment Rate Lowest Since Early 2001

May 19, 2017

The unemployment rate declined in April for the second consecutive month, down 0.3 of a percent to 3.6 percent. That’s the biggest single month drop since late 2010. And 3.6 percent is the lowest rate since February 2001.

But the Hoosier private sector lost 9,300 jobs last month. That’s the largest single month decline since June 2009. The losses were led by the manufacturing and private educational and health services sectors. And the private sector has now shed jobs four of the last five months.

Friday marked the official end to Indianapolis-based Anthem’s bid to merge with Cigna, and the second time in recent months a major health insurance merger has failed.

It underscores the uphill regulatory battle that big health insurers face in trying to join forces.

Anti-trust officials blocked mergers between Humana and Aetna, and Anthem and Cigna this year. Those four have something in common: they’re among their industry’s biggest, top-earning companies.

The Indiana-based Marsh grocery store chain filed for bankruptcy Thursday, triggering a process where it could be bought out, preserve more profitable locations, or close entirely.

The 44 remaining Marsh stores in Indiana and Ohio could close in 60 days if the company can’t find a solution. Marsh already closed 21 other low-earning locations and sold its pharmacy business this year.

Chris Morisse Vizza / WBAA News

West Lafayette officials Wednesday officially announced they plan to close off two additional streets in conjunction with the State Street overhaul.

City Development Director Erik Carlson says he’s been telling businesses for months that Brown Street would be dead-ended at River Road, even though there was no money secured for any further improvements.

Marsh Plans To Close Remaining Indiana Stores

May 9, 2017
Marsh Supermarkets

A Marsh Supermarkets spokesperson confirms the chain plans to close all of its 44 remaining locations (40 in Indiana, four in Ohio) in the next 60 days unless a buyer or a new business partner will allow the company to continue operations.

Marsh filed a notice Monday with the Indiana Department of Workforce Development indicating the closure of 16 stores that have more than 50 employees, as required by the state. The remaining stores have fewer than 50 employees.

Chris Morisse Vizza/WBAA Radio

This morning, WBAA's Wake-Up Call focuses on West Lafayette’s State Street reconstruction project and the effects of the extremely limited access to businesses along the street.

The owners of Von’s Dough Shack announced this week they’re permanently closing the business because customers are having a tough time getting to building.

Also this week, business owners learned the city will permanently close Brown Street will at River Road, eliminating a point of entry to stores near Wabash Landing.   

Stan Jastrzebski / WBAA News

The owners of Von’s Dough Shack, a calzone restaurant along West Lafayette’s State Street, say the roadway’s overhaul is forcing them to close.

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