Court filings show Big Ten presidents voted 11-3 to cancel football season
The court documents did not identify how each school voted, but a person familiar with the outcome revealed the three schools that voted against the plan.
Associated Press
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Amazon wins FAA approval to deliver packages by drone
The online shopping giant has been working on drone delivery for years, but it has been slowed by regulatory hurdles.
Pandemic testing shopper loyalty for clothing brands
According to a survey by McKinsey & Co, 46% of shoppers polled in the United States tried new brands or made new purchases with a new retailer.
Consumer advocate: Plan won’t credit Indiana solar customers enough
The Office of the Utility Consumer Counselor is recommending state regulators deny a utility’s request to compensate customers with solar panels less for extra energy they send back into the power grid.
What does Walmart see in TikTok? Millions of young shoppers
Walmart could make TikTok into an extension of its sales machine, helping advertisers, creators and others sell products.
AP source: Big Ten working on multiple options for football
The conference is in the early stages of a complicated process that also involves broadcast partners and possible neutral site venues, but could have a season starting as soon as Thanksgiving weekend.
S&P 500 rallies to close out fifth straight winning week
The Dow Jones industrial average clawed its way back to a tiny gain for the year, the first time the Dow has been up for 2020 since late February.
Source: Big Ten working on multiple options for football
One option includes playing games at domed stadiums across the Midwest, including in Indianapolis, Minneapolis and Detroit.
Walmart joins Microsoft in bid for video app TikTok
Walmart said in a statement Thursday that a deal with Microsoft and TikTok could help it expand its advertising business and reach more shoppers.
As virus rages, U.S. economy improves but struggles to sustain recovery
The U.S. economy has a long way to go before regaining the strong health it enjoyed before the coronavirus paralyzed the country in March.
Ex-UAW president charged with corruption in federal probe
Dennis Williams is the 15th person to be charged in an investigation of the senior ranks of the venerable labor union. It has revealed crooked ties between officials and executives at Fiat Chrysler.
Powell edges toward loosening the Fed’s stance on inflation
Behind the Fed’s new thinking is an ailing economy in the grip of a viral pandemic and a stubbornly low inflation rate that has long defied the Fed’s efforts to raise it.
FDA authorizes 15-minute coronavirus test that will sell for $5
The size of a credit card, the self-contained test is based on the same technology used to test for the flu, strep throat and other infections.
VP Pence preserves own presidential prospects through loyalty
Critics say Mike Pence is deferential to President Trump more than any other vice president in history. But the relationship has enabled Pence to elevate causes he prioritizes. And his loyalty helps preserve his own viability as a presidential candidate.
Orders for big-ticket manufactured goods rise for third straight month
The July increase was led by a strong advance in the volatile transportation sector, which was up 35.6%.
Survey: Many in United States shoring up finances amid downturn
Since February, there has been a $1.3 trillion jump in money kept in checking accounts—a 56% increase tracked by the Federal Reserve.
New COVID-19 mandates on health care facilities get pushback
Threatening fines and funding cut-offs, the Trump administration on Tuesday issued new COVID-19 requirements for nursing homes and hospitals.
American Airlines plans 19,000 furloughs, layoffs in October
Passenger traffic has recovered slightly since the beginning of the pandemic but remains down 70% from a year ago, and carriers say they need fewer workers.
Bank profits slump 70% as virus rakes businesses, households
Banks are now facing tens of billions of dollars of loans that appeared healthy in March, but are now in forbearance or deferral because those borrowers can no longer pay.
To-go drinks a lifeline for businesses in most states, but not Indiana
In a May survey of 3,800 restaurants, the association found that 78% of operators who were selling alcohol to go had brought back laid-off employees, compared to 62% of operators overall.