Business

Tuesday’s business headlines

INDIANAPOLIS (WISH) – Here’s a look at Tuesday’s business headlines.

Cummins

Cummins is still coming to Greenwood, both a company spokesperson and the mayor said. But it may be later than expected because of the pandemic.

Last May, Cummins and the city of Greenwood announced plans to build a 100,000-square-foot information technology and digital hub in the city.

Cummins plans to invest at least $35 million in the Greenwood project, which is expected to bring 500 jobs paying, on average, $100,000, including benefits to the city.

Grocery

Americans increased their visits to supermarkets far more than to Walmart stores as panic-buying peaked in mid-March.

Trending Headlines

A Reuters analysis of foot traffic found by early May, visits to Walmart had rebounded and were outpacing visits to supermarkets, according to the analysis.

Analysts who looked at the numbers said people were exclusively interested in food in the early days of the pandemic.

Target

Target is extending a $2-an-hour pay raise for its more than 350,000 store and distribution workers through July 4.

The Star Tribune reports Target will continue other COVID-19 related benefits, including 30-day paid leave for high-risk employees who are 65 years or older, pregnant or have underlying health conditions through June 30.

JCPenney/Amazon

Amazon and bankrupt JCPenney are reportedly in talks over some type of deal, according to Women’s Wear Daily.

The report says it has a lot to do with Amazon eager to expand its apparel business.

JCPenney filed for bankruptcy Friday.

MORE STORIES

LIKE US ON FACEBOOK