Big Ten taps ex-MLB exec Petitti as commissioner, source says
Tony Petitti is set to replace Kevin Warren, who is leaving to become president of the Chicago Bears.
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Small business owners feel growing credit crunch
Small businesses are seeing the already-tough process of getting business loans get even tougher. They say they’re getting rejected for loans or seeing more unfavorable terms, meaning some plans for expansion are being put on hold.
UPDATE: Employee kills five in Louisville bank building
Police arrived as shots were still being fired inside Old National Bank and killed the shooter in an exchange of gunfire, Louisville Metro Police Department Chief Jacquelyn Gwinn-Villaroel said.
EPA car rule expected to mandate huge increase in EV sales
The proposed regulation, to be released Wednesday by the EPA, would set greenhouse gas emissions limits for the 2027 through 2032 model years for passenger vehicles that would be even stricter than goals the auto industry agreed to in 2021.
Fever take Aliyah Boston with No. 1 pick in WNBA draft
The Indiana Fever also used the seventh pick in the first round on Indiana University’s Grace Berger, who helped the Hoosiers win 118 games during her college career.
Indiana Senate backs bill on student names, pronoun changes
Indiana schools may soon be required to notify parents if their children request a name or pronoun change at school.
Court backs school district in teacher firing over transgender students’ names
An Indiana school district did not violate a former music teacher’s rights by pushing him to resign after the man refused to use transgender students’ names and gender pronouns, a federal appeals court said in an order released Friday.
As streamers cut costs, TV shows—and residuals—vanish
Over the past few months, many streaming companies have started eliminating some of their own shows from their library. It helps save the companies money but brings criticism.
U.S. adds 236,000 jobs; unemployment rate sinks to 3.5%
America’s employers added a solid 236,000 jobs in March, suggesting that the economy remains on solid footing despite the nine interest rate hikes the Federal Reserve has imposed over the past year in its drive to tame inflation.
Samsung cutting memory chip production as profit slides
Samsung said the demand for its memory chips declined as a weak global economy depressed consumer spending on technology products and forced business clients to adjust their inventories.
International Monetary Fund expects less than 3% global economic growth in 2023
International Monetary Fund chief Kristalina Georgieva said the period of slower economic activity will be prolonged, with the next five years of growth remaining around 3%
Are robot waiters the future? Some restaurants think so
Many think robot waiters are the solution to the industry’s labor shortages. Sales of them have been growing rapidly, with tens of thousands now gliding through dining rooms worldwide. Others say they aren’t much more than a gimmick.
Coal use climbs worldwide despite promises to slash it
New coal plants were added in 14 countries, and eight countries announced new coal projects. The United States, however, saw significant shutdowns of coal-using plants.
Pence won’t appeal order compelling grand jury testimony
A spokesman for Mike Pence said Wednesday that the former vice president will not appeal a judge’s order compelling him to testify in the Justice Department’s investigation into efforts by Donald Trump and his allies to overturn the results of the 2020 election.
UPDATE: Holcomb signs ban on gender-transition health care for minors
The American Civil Liberties Union of Indiana filed a lawsuit rapidly after Holcomb signed the Indiana legislation—something the group had promised to do after Republican supermajorities advanced the ban this session.
FedEx combining air, ground, other operations to slash costs
The package delivery company said Wednesday that FedEx Express, FedEx Ground, FedEx Services and other FedEx operating companies will be rolled into a single entity in a companywide reorganization designed to save $4 billion.
J&J proposes paying $8.9B to settle talcum powder lawsuits
Under a proposal announced Tuesday, a Johnson & Johnson subsidiary will re-file for Chapter 11 bankruptcy protection and seek court approval for a plan that would result in one of the largest product-liability settlements in U.S. history.
New IRS leader promises faster, easier tax filing process
Commissioner Danny Werfel delivered a tax-season pledge Tuesday that the agency will use an $80 billion infusion of cash to become faster, more tech-savvy and provide “real-world improvements” to taxpayers.
Indiana trans health care ban ‘clear as mud,’ governor says
Indiana Gov. Eric Holcomb faces a Wednesday deadline to make a decision on a bill that would prohibit transgender youth from accessing hormone therapies, puberty blockers and surgeries in the state.
About 5K GM salaried workers take buyouts, avoiding layoffs
The decision to offer buyouts comes at an uncertain time for the auto industry, which is in the midst of a transition from internal combustion to electric vehicles.