Kroger stumbles as competition gets fiercer in grocery industry
While earnings narrowly beat analysts’ estimates, profit margins decreased again because of investments Kroger is making to keep pace with the competition.
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Company that proposed Carmel event center accused of fraud in federal suit
A small group of retirees paid a combined $6.2 million last year for stakes in a proposed event center in Carmel that never was built. The investors claim they were duped in a vast fraud involving financial advisers, a property broker and a bankrupt company called Noah Corp.
A $50 million glitch? Target takes hit from register outage
The outage came on the eve of Father’s Day, when the retailer was promoting various items, from ties to golf balls, as last-minute gift ideas for dads. Customers took to Twitter, sharing images of the long lines and the abandoned shopping carts.
Supreme Court orders new look at clash over gay-wedding cake
The U.S. Supreme Court ordered reconsideration of a $135,000 award against an Oregon bakery that refused to make a cake for a same-sex wedding in a case that revived a fractious debate over religious rights and equal treatment.
Pfizer expanding in cancer with $10.6B deal for Array BioPharma
Array’s stock was already at a record before the deal announcement, following the company’s news last month of positive clinical trial results using Braftovi and Mektovi with Indianapolis-based Eli Lilly and Co.’s Erbitux.
Drugmakers sue Trump administration to halt advertising rule
Some of the biggest pharmaceutical companies, including Indianapolis-based Eli Lilly and Co., sued the Trump administration to try and block a rule that would force them to put the price of their drugs in television advertisements.
U.S. farmers might forgo near-record soy acres
American farmers, already set to leave a record number of acres without corn, now face the prospect of also failing to plant soybeans because of rampant rainfall.
Hundreds of companies, groups to testify on Trump’s tariffs
About 320 U.S. company and trade association representatives are set to appear over seven days of hearings starting Monday on President Donald Trump’s latest proposed tariffs on Chinese goods.
Impossible Burger shortages hit White Castle, Red Robin
The shortages coincide with the arrival of the Impossible Whopper at Burger King. Under terms of a deal inked earlier this year, Impossible Foods patties will be inside Burger Kings nationwide by the end of this year.
Stanford ex-coach gets one day in prison in college scandal
Prosecutors had sought a sentence of 13 months in prison for former Stanford University sailing coach John Vandemoer, who admitted to taking more than $500,000 in bribes for the sailing team in exchange for recruiting unqualified applicants to get them into Stanford.
Indiana farmers make planting progress but still behind pace
The latest crop report shows Indiana trailing most states in corn and soybean planting. The Trump administration is keeping the door open for farmers who can’t plant crops this season to receive aid payments.
Supreme Court to hear bid to limit retirement-plan lawsuits
The U.S. Supreme Court agreed to use an appeal by Intel Corp. to consider tightening the deadlines for lawsuits over the investments made by worker retirement plans.
Fed rate cut looks more likely, but question is when, how big?
Fed watchers say the latest economic data boost the odds that central bank will move sooner rather than later to lower rates.
United Technologies, Raytheon to combine as defense giant
Both companies have major operations in Indianapolis, although United Technologies is already preparing to shed its Carrier Corp. business.
Biofuels haven’t lowered gas prices or emissions, GAO report says
The study conflicts with a study by the U.S. Department of Agriculture that found corn-based ethanol’s greenhouse gas emissions were 39% lower than gasoline over the entire life cycle.
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.
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.