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.
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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) […]
Supreme Court backs businesses, curbs class arbitration
Wednesday’s 5-4 ruling is the latest in a line of Supreme Court decisions that have backed arbitration and helped companies avoid the prospect of costly class actions filed by workers and consumers.
Samsung delays launch of Galaxy Fold after screen failures
Samsung Electronics Co. will delay the launch of its first foldable smartphone from the planned April 26 debut after reports of screen failures among some review units, a setback for the world’s biggest handset maker.
Medicare chief Verma uses forecast as warning for expand-it-to-all plans
The Trump administration’s top Medicare official used an annual report on the program’s fiscal outlook to attack proposals by some Democrats to expand government health-care coverage to all Americans.
Pier 1 plans as many as 145 store closures in restructuring effort
The retailer said it would close stores where leases were expiring or where it was unable to get reduced rents. Pier 1 has two stores in Indianapolis and three in the suburbs.
Drugmakers reveal list prices online after pressure from Trump
Indianapolis-based Eli Lilly and Co. was one of the first drug firms to begin sharing prices. Now, others are following suit.