Chevron buying Hess for $53B in latest oil megadeal
The Chevron-Hess deal comes less than two weeks after Exxon Mobil said that it would acquire Pioneer Natural Resources for about $60 billion.
Associated Press
Articles
Yield on a 10-year Treasury reaches 5% for first time since 2007
Besides making it more expensive for U.S. homebuyers to buy a house with a mortgage, higher yields also put downward pressure on prices for everything from stocks to cryptocurrencies. Eventually, they could help cause companies to lay off more workers.
UAW escalates strike by adding Stellantis plant with 6,800 workers
About 40,800 workers are now on strike against all three automakers. The strikes, now in their sixth week, cover seven assembly plants and 38 parts warehouses.
UAW boss says strikes will continue in bid for better offers from companies
United Auto Workers President Shawn Fain said Friday that while Detroit’s automakers have increased their wage and benefit offers, he believes the union can gain more if it holds out longer in contract talks.
UPDATE: House Republicans drop Jim Jordan as their nominee for speaker
Republicans dropped made the decision Friday afternoon during a closed-door session after the hard-edged ally of Donald Trump failed badly on a third ballot for the gavel.
UAW set to decide whether to widen strike to more auto plants
United Auto Workers union President Shawn Fain is expected to update members Friday afternoon on progress in contract talks with Detroit’s three automakers as movement was reported with General Motors.
Toyota to join Tesla’s charging network, adopt Tesla connector in future EVs
Tesla’s Supercharger network is coveted by other automakers because it has more direct current fast-charging plugs in the U.S. than any other network, and its stations are in prime locations along freeway travel corridors.
Fed chief says slower economic growth likely needed to conquer stubbornly high inflation
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high.
Applications for jobless benefits fall to lowest level in more than 8 months
Businesses continue to retain workers despite elevated interest rates meant to cool the economy and labor market.
UPDATE: House speaker’s race hits impasse as defeated Rep. Jim Jordan wants to try again
Refusing to drop out, Republican Rep. Jim Jordan has brought the House speaker’s race to a stalemate.
NBA considering changes to All-Star Game format in Indianapolis
Commissioner Adam Silver said Tuesday in a televised interview on ESPN that changes are coming to the All-Star Game.
Colts QB Anthony Richardson opts for season-ending surgery
Coach Shane Steichen said the Colts consulted multiple medical officials, weighed the long-term health of Richardson and his future with the franchise before everyone agreed surgery was the best option.
NCAA president shifts focus to employment status of college athletes during Senate hearing
NCAA President Charlie Baker warned that without congressional action, Division II and III schools might abandon their athletic programs.
Colts’ Grover Stewart suspended 6 games for violating NFL’s policy on performance-enhancers
Stewart has been a key part of Indy’s run defense since reshaping his body after being a 2017 fourth-round draft pick out of Albany State University in Georgia.
UPDATE: Jim Jordan rejected for House speaker on first ballot, but more votes ahead
A surprising 20 holdouts denied the hard-charging ally of Donald Trump the GOP majority needed to seize the gavel. More votes are expected Wednesday.
UPDATE: Jet engine maker Rolls-Royce cutting up to 2,500 jobs globally
The Derby, England-based company is the third-largest manufacturer in the Indianapolis area with about 4,000 local employees.
September retail sales jump exceeds expectations
Americans showed their steadfast resilience and kept spending last month even as they grappled with higher prices, interest rates and a host of other headwinds.
Judge rejects U.S. Rep. Steve Buyer’s request to remain free pending appeal
U.S. Rep. Steve Buyer, a Noblesville resident, is due to report to prison on Nov. 28 to serve his sentence for insider trading.
Irsay: Rookie QB Richardson ‘probably’ out for season with injury
Richardson missed his second full game of the season Sunday at Jacksonville, but he traveled with the team and wore a sling to protect his throwing shoulder while watching the Colts’ loss from the sideline.
Billions in TV revenue on line as college sports faces more legal threats
A federal antitrust case could force the Indianapolis-based NCAA and the wealthiest conferences to create pro-style revenue sharing of billions of broadcast-rights dollars with football and basketball players.