Business

Wednesday’s business headlines

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

Eli Lilly and Co.

Lilly is seeking roughly $24 million in estimated tax abatements over 10 years.

The tax breaks would be on real estate and property taxes, according to the Indy Star

The project is for major diabetes projects at its technology center that involves a new 16,300-square-foot building addition and the rennovation of two existing spaces at the company’s technology campus off South Harding Street on the west side.

One hundred jobs are part of the expansion.

Starbucks

This fall, you’ll be able to pay for Starbucks drinks on your app using a credit card, Apple Pay, or even cash.

You’ll still be able to collect stars for rewards.

For years, customers have been required to load money onto a Starbucks card to buy food and drinks through the app.

Walmart

Walmart said it will close all of its stores on Thanksgiving Day – a big pivot from its usual practice of kicking off Black Friday doorbuster sales during the holiday.

Workers will also get a special bonus for working through the pandemic.

Critics say the turkey day hours have siphoned away sales from Black Friday and put added stress on workers.

United Airlines

United Airlines lost $1.6 billion and called the spring the most difficult quarter in its history.

Revenue was down 87% compared to the same time last year.

When flying a smaller airline, more travelers may have to make a stop or two to get their final destinations, and it could be years before United’s schedules return to pre-pandemic levels.

MORE STORIES

LIKE US ON FACEBOOK