Retailer formerly known as Lumber Liquidators closing all stores
LL Flooring is “winding down operations” after declaring bankruptcy and plans to close all stores, including three stores in central Indiana.
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Sluggish jobs report clears the way for Federal Reserve to cut interest rates
Collectively, Friday’s figures depict a job market slowing under the pressure of high interest rates but still growing.
Teen vaping hits 10-year low in United States
FDA officials noted that the drop in vaping didn’t coincide with a rise in other tobacco industry products, such as nicotine pouches, which have surged in use among adults.
Red Lobster says it will soon exit bankruptcy protection after judge approves seafood chain’s sale
A U.S. bankruptcy judge on Thursday approved the casual seafood chain’s reorganization plan, which includes a lender group led by asset manager Fortress acquiring the business.
Government orders big U.S. airlines to explain their frequent-flyer programs
Transportation Secretary Pete Buttigieg wrote to the CEOs of American, Delta, Southwest and United on Thursday, asking each for a report on policies, fees and other features of their loyalty program.
Judge questions restrictions on booster payments to athletes in $2.78B NCAA settlement
U.S. District Judge Claudia Wilken did not rule on the request to grant preliminary approval of the deal. She told the NCAA and plaintiffs to “go back to the drawing board” to address issues she raised and report back to her in three weeks with solutions.
Verizon buying Frontier in $20B deal to strengthen fiber network
Verizon Communications Inc. said Thursday that the acquisition will also shore up its foray into artificial intelligence as well as connected smart devices.
Nearly 2,000 drug plants overdue for FDA checks after COVID delays, analysis finds
Last year’s inspection numbers were down almost 40% from the pre-pandemic period, when the FDA averaged about 4,300 annual inspections.
CEOs of Albertsons, Kroger say shoppers would see lower prices after merger
The Federal Trade Commission contends the $24.6 billion deal would eliminate competition and lead to higher food prices for already struggling customers.
Larson, Hendrick Motorsports in discussion on 2025 return to Indianapolis 500
Kyle Larson wants to run the “Double” again in 2023 after weather issues ruined his chances this year, but details are still being worked out.
Even dollar store chains seeing pullback in spending as higher prices squeeze more consumers
Dollar Tree shares tumbled 20% Wednesday after hitting a 52-week low on the prior day.
U.S. job openings fall as demand for workers weakens
The number of job openings has been trending gradually down over the past year. Yet there are still roughly 1.1 job openings for every unemployed person, Wednesday’s report showed.
Indiana Fever qualify for WNBA playoffs for first time since 2016
The team didn’t play Tuesday night, but it still clinched its first playoff appearance since 2016 by virtue of the Chicago Sky and Atlanta Dream losing their games. The seven-year playoff drought was the longest active streak in the league.
COVID-19 government disaster loans saved businesses, but saddled some survivors with debt
The SBA awarded about 4 million loans worth $380 billion through the program. More than $300 billion was outstanding as of late 2023.
Party of one: Restaurants catering to more solo diners
In the United States, solo dining reservations have risen 29% over the last two years, according to OpenTable, the restaurant reservation site.
Analysis: IndyCar left scrambling after NASCAR beats them into Mexico City
Pato O’Ward was not happy at all when NASCAR last week announced it would race in Mexico City at Autodromo Hermanos Rodríguez, the really popular Formula 1 venue and best circuit in his home country.
More than 10,000 hotel workers strike during Labor Day weekend
UNITE HERE said a total of 15,000 workers have voted to authorize strikes, which could soon spread to other cities.
Boar’s Head plant linked to deadly outbreak broke food safety rules dozens of times, records show
The plant has been linked to the deaths of at least nine people and hospitalizations of about 50 others in 18 states, including Indiana.
College athlete advocacy group opposes NCAA lawsuit settlement, says it limits potential earnings
The National College Players Association said it is against the proposed $2.8 billion settlement agreement of antitrust litigation facing the Indianapolis-based NCAA and major college conferences.
U.S. economic growth for last quarter revised up to 3% annual rate
The Commerce Department had previously estimated that the nation’s gross domestic product—the total output of goods and services—expanded at a 2.8% rate from April through June.