Business

Wednesday’s business headlines

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

Bank merger

Evansville-based Old National Bancorp, the parent of Old National Bank, is merging with Chicago-based First Midwest Bancorp.

The new organization will operate under the Old National Bancorp and Old National Bank names, with dual headquarters in Evansville and Chicago.

First Midwest’s CEO will run the merged bank and says the combination will bring new features for customers including digital offerings and branches.

Uber

Uber and Lyft are hiking up fares amid a driver shortage.

Uber prices were up 40% in April compared to the same time last year, data showed.

But the labor shortage and surging demand means that earnings for drivers are soaring.

Tesla

Tesla CEO Elon Musk is looking to enter the restaurant business, according to a new trademark application with the U.S. Patent and Trademark Office.

According to the May 27 filing, the electric vehicle manufacturer is looking to introduce restaurant services , pop-up restaurant serves, self-service restaurant services and take-out restaurant services.

Musk has previously said there would be an outdoor screen that “plays a highlight reel of the best scenes in movie history” and touchscreen menu to order food.

Burnout

Employee burnout is on the rise.

More than four in 10 employees say they are more burned out on the job today compared to a year ago, according to a new survey from global staffing firm Robert Half.

That’s up from 34% in a similar 202 poll. Nearly half of employees experiencing increased fatigue blame it on a heavier workload.

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