IndyCar champ Alex Palou declares he will be at McLaren in 2023
The soap opera over Palou’s future continued with more twists and turns than the Spaniard will face in Saturday’s road course race at Indianapolis Motor Speedway.
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U.S. House sends bill to aid computer chip industry to Biden
Indiana economic development leaders have been hoping for passage of the bill because the state would like to tap federal funding to land a $1.8 billion semiconductor plant at Purdue University.
Watchdog: US Bank workers opened fake accounts for sales goals
For more than a decade, US Bank pressured its employees to open fake accounts in their customers’ names in order to meet unrealistic sales goals, the Consumer Financial Protection Bureau said Thursday.
Unemployment claims top 250,000 for second straight week
Fewer Americans applied for jobless benefits last week, but the previous week’s number was revised upward significantly, with claims breaching the 250,000 level in back-to-back weeks for the first time in more than eight months.
Rejected by courts, retirees take last shot to save pensions
An estimated 20,000 Delphi workers, including more than 4,000 in Indiana, were hurt by the 2009 GM bankruptcy, and many have spent the past 13 years fighting to get back what they lost.
U.S. economy shrank 0.9% last quarter, its 2nd straight drop
The decline that the Commerce Department reported Thursday in the gross domestic product—the broadest gauge of the economy—followed a 1.6% annual drop from January through March.
JetBlue agrees to buy Spirit for $3.8 billion
The agreement would create the nation’s fifth-largest airline, with a fleet of 458 aircraft.
Ex-congressman from Indiana gets bail in stock fraud case
U.S. District Judge Richard M. Berman in Manhattan also ordered Stephen Buyer of Noblesville to stay in the continental United States while four counts of securities fraud are pending against him.
With Frontier deal dead, Spirit ponders sale to JetBlue
Spirit Airlines and Frontier Airlines agreed Wednesday to abandon their merger proposal, opening the way for JetBlue Airways to acquire Spirit after a months-long bidding war for the budget carrier.
U.S. Senate passes bill to boost computer chip production in United States
Indiana Gov. Eric Holcomb praised the Senate’s vote in a written statement. Holcomb and state economic development leaders are rooting for the bill because the state would like to tap federal funding to land a $1.8 billion semiconductor plant at Purdue University.
Fed unleashes another big rate hike in bid to curb inflation
The Fed is tightening credit even while the economy has begun to slow, thereby heightening the risk that its rate hikes will cause a recession later this year or next.
Ganassi sues IndyCar champion Alex Palou over contract dispute
Chip Ganassi Racing filed a civil lawsuit in Marion County against the Spanish driver who is attempting to leave the team at the end of the season.
Fed set to impose another big rate hike to fight inflation
When it ends its latest policy meeting Wednesday afternoon, the Fed is expected to impose a second consecutive three-quarter-point hike in its benchmark interest rate, raising it to a range of 2.25% to 2.5%.
New studies bolster theory coronavirus emerged from the wild
The research, published online Tuesday by the journal Science, shows that the Huanan Seafood Wholesale Market was likely the early epicenter of the scourge that has now killed nearly 6.4 million people around the world.
Republican AGs sue U.S. agency over LGBTQ school guidance
More than 20 Republican attorneys general filed a lawsuit Tuesday against President Joe Biden’s administration over a school meal program that prohibits discrimination based on sexual orientation and gender identity.
Former Vice President Pence to release memoir in November
The book will recount Mike Pence’s journey from his Indiana youth to the vice presidency, with stops in the House of Representatives and governor’s mansion in between, according to publisher Simon & Schuster.
Bold, aggressive Big Ten Conference leaves door open for more expansion
Big Ten Conference Commissioner Kevin Warren talked Tuesday about the conference being bold and aggressive as college sports goes through a period of sweeping change.
Watched closely in Indiana, bill to boost semiconductor industry passes key Senate test
Indiana economic development leaders have been hoping for passage of the bill because the state would like to tap federal funding to land a $1.8 billion semiconductor plant at Purdue University.
Consumer goods giant Unilever hikes prices for products but expects strong sales
Unilever, which owns 400 consumer brands ranging from Ben & Jerry’s ice cream to Dove skin care, raised prices by more than 11% between April and June as inflation surged around the world.
Consumer confidence slides for third straight month in July
The Conference Board said Tuesday that its consumer confidence index fell largely due to consumer anxiety over the current economic conditions, particularly four-decade high inflation.