USA Gymnastics bankruptcy might leave sex-abuse victims unpaid
In court filings, USA Gymnastics said it might not have the estimated $75 million to $150 million needed to settle lawsuits from dozens of claims from victims of Larry Nassar.
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Nexstar drawing interest in TV stations from several parties
As part of its $4.1 deal to acquire Tribune Media Co., Nexstar Media must sell TV stations in numerous markets to avoid regulatory problems. Those sales are almost certain to involve stations in Indianapolis.
Microsoft boosts rural broadband efforts to reach more users
The Microsoft Airband Initiative will now be in 25 states by this time next year, more than doubling the program’s original reach and adding states including Indiana.
U.S. farms taking wait-and-see stance on Trump’s trade truce
U.S. farmers are pleased that Donald Trump and Xi Jinping agreed to a trade truce, but they’re not rejoicing just yet.
UPDATE: WISH-TV owner to pay $4.1B for owner of WXIN, WTTV
To complete a deal, Nexstar Media Group Inc. and Tribune Media Co. will likely have to sell off one of their Indianapolis stations to comply with FCC regulations.
Stocks have best day in months after Fed chairman hints at fewer interest hikes
Stocks surged on Wall Street on Wednesday, with huge gains by every major U.S. index, after Federal Reserve Chairman Jerome Powell suggested the central bank might consider a pause in its interest rate hikes next year.
Trump Medicare plan targets drugs from Eli Lilly, others
Makers of antidepressants and antipsychotics like Indianapolis-based Eli Lilly and Co., AstraZeneca, Pfizer, Allergan, Bausch Health and Otsuka Holdings might face new challenges and may be deterred from price hikes.
General Motors to slash 14,700 jobs in North America, close plants
The nation’s largest automobile manufacturer said it could close up to five plants and eliminate several car models.
Old-school retailers struggle to keep up with online surge on busy Black Friday
Black Friday is increasingly an online shopping event, and that’s not necessarily a good thing for legacy retailers, some of which found themselves falling behind during America’s annual spending spree.
Rising fear among Asians leads Eli Lilly to rethink employee groups
New employees at Eli Lilly and Co. get a letter encouraging them to join one of the pharmaceutical firm’s affinity groups. There’s one for African Americans, one for Latino employees—and four for Asians.
Black Friday breathing life back into no-interest auto loans
The share of U.S. vehicle sales financed with zero-percent loans has been shrinking, but several automakers are rolling out no-interest loans for Black Friday.
National bridal retailer files for Chapter 11 bankruptcy
David’s Bridal, a 68-year-old retailer with more than 300 stores, including two Indianapolis-area shops, filed for bankruptcy Monday, with a plan to cut debt by more than $400 million.
Bloomberg donates record $1.8 billion to alma mater
The contribution—the largest ever to any education institution in the United States—will allow Johns Hopkins to eliminate student loans in financial aid packages starting next fall.
Pence’s sharp China attacks fuel fears of cold war dividing Asia
Vice President Mike Pence said the U.S. wasn’t in a rush to end the trade war and would “not change course until China changes its ways”—a worrying prospect for a region heavily reliant on exports.
U.S. factory production expands for fifth consecutive month
Factory output continued to grow at a solid clip, supported by a range of sectors, including metals, machinery, aerospace and furniture.
Eli Lilly considering sale of China assets to raise cash
Indianapolis-based Lilly is working with advisers to gauge interest in selling off a selection of older drugs for antibiotics and central nervous system diseases in China.
Holiday shopping season expected to be huge, but not for all retailers
This Christmas season might be the last hurrah for some well-known retailers who are sitting on loads of unsustainable debt.
EPA plan for truck emission standards wins initial praise from both sides
The Truck and Engine Manufacturers Association, which represents Indiana-based Cummins Inc. and other engine manufacturers, said the proposal represents a chance to modernize how the agency oversees big-rig emissions.
Amazon targets big talent pools over smaller markets with split-HQ decision
The sites in Long Island City, Queens, and in Arlington, will be a boon for the New York and Washington, D.C., metro areas and highlight Amazon’s willingness to target big labor pools with pricey payroll over smaller markets offering lower costs of living.
E-cigarettes facing new sales restrictions from FDA
New limitations will be placed on e-cigarettes, according to a senior FDA official, restricting sales of many popular fruit flavors amid what the health agency has called an epidemic of youth use.