China to audit 77 drugmakers, including Lilly, after $4.3B scandal
After one of its largest listed drug makers was found to have overstated its cash position by $4.3 billion, China is starting an audit of 77 major pharmaceutical companies.
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Chicago to get casino as part of major Illinois gambling expansion
Illinois legislators have approved a giant gambling-expansion bill that allows sports betting and as many as six new casinos, including one in Chicago.
DowDuPont CEO stresses long-term outlook as company splits into three
Hundreds of employees at the Corteva Agriscience Global Business Center in Indianapolis on Monday celebrated the official launch of the company and the first trading of its common stock.
Indy 500 champion says ‘Dancing With Stars’ made him celebrity
Helio Castroneves has won the Indianapolis 500 three times, making him one of the most accomplished auto racers in history. But he says his personal brand owes more to dancing than driving.
Buttigieg surges with Dems as some begin suffering ‘Beto overload’
Over the past two months, South Bend Mayor Pete Buttigieg has risen from a virtual unknown to the top tier of contenders among Democrats as Beto O’Rourke slipped down.
Fashion retailer with seven area stores calling it quits
After trying to find a new owner, Ascena Retail Group announced Monday that it is preparing to close its Dressbarn clothing chain, which has about 650 stores throughout the country.
Former Apple retail chief Ahrendts, an Indiana native, joins Airbnb board
Hancock County native and Ball State University graduate Angela Ahrendts joins the home-sharing startup after a five-year stint overhauling Apple Inc.’s retail operations.
Walmart reports best first quarter in nine years
Shares in Walmart Inc. jumped Thursday morning after the nation's largest retailer exceeded quarterly same-store sales estimates and saw online sales continue to climb.
Stock strategist who nailed 2018 says recession bell is ringing
After a tumultuous week ended May 10 on an up note, it seemed U.S. stocks might escape the trade spat with only bruises. Then came the following Monday, when the biggest sell-off in four months more than doubled last week’s damage. What changed? The reality of a potential impasse took hold. Maybe the U.S. and […]
Facebook hires former PayPal team to create cryptocurrency option
The inner workings of Facebook’s blockchain team are still shrouded in secrecy, but it’s staffing up, according to people familiar with the group. Those people said that its product, which Bloomberg earlier reported will be a type of cryptocurrency, could be announced as soon as next quarter. Launched last May, Facebook’s blockchain unit now counts […]
U.S. stocks slump after China trade outlook sours
U.S. stock indexes suffered their worst day since March on Tuesday as investors remained on edge over President Donald Trump’s threat to increase tariffs on billions of dollars of imports from China.
Cummins possible suitor for VW peripheral unit valued at $3.4B
Volkswagen AG is renewing efforts to sell minority stakes in non-core operations to streamline its business and focus on the main passenger-car brands, according to people familiar with the matter.
Single-payer health care would be ‘major undertaking,’ CBO says
Adopting universal health coverage “would significantly increase government spending and require substantial additional government resources,” the office said.
Apple trade-ins, discounts spark iPhone revival, stock jump
Apple Inc. executives had a clear message for investors on Tuesday: Demand for iPhones has begun to recover from a bruising holiday period.
Ram truck sales to roll on as key supplier Cummins probes emissions
Indiana-based Cummins will check certification and compliance processes for engines in the 2019 Ram 2500 and 3500 trucks after conversations with the U.S. Environmental Protection Agency and the California Air Resources Board, the company said.
U.S., China set to resume trade talks with enforcement part ‘close to done’
The next round of China-U.S. trade talks will get under way in Beijing this week with significant issues still unresolved but with enforcement mechanisms nearly in place, U.S. Treasury Secretary Steven Mnuchin said.
Dem 2020 candidates lag typical Americans in giving, tax returns show
With notable exceptions, most high-polling 2020 Democratic presidential candidates gave well below the U.S. average to charity in 2018, according to the deductions claimed on their tax returns.
Ford faces U.S. criminal investigation of emissions testing
Ford confessed in February to having taken a flawed approach to using road-load specifications to simulate how aerodynamic drag and tire friction can affect the fuel economy of its vehicles outside testing labs.
Amazon targets faster delivery in spending to invigorate growth
Amazon.com Inc. plans to spend $800 million in the current quarter to reduce delivery times for Prime customers to one day from two.
How airlines expect innovation to change the way you fly
Commercial flying may have lost its mythical appeal from the bygone jet age but aerospace companies are nevertheless busy trying to improve the passenger experience on board an aircraft. In the hyper-competitive world of aviation, more comfort in the cabin can be a major selling point for airlines, and cabin amenities (or the lack thereof) […]