Sears files for bankruptcy just as things are looking up for retail
With shoppers feeling more free to spend and nicer shopping malls on the upswing, bankruptcy is a clear sign of individual weakness, not an industry trend.
Bloomberg News
Articles
Elanco shares lowest since IPO after failing to get consensus buy rating
Shares in Elanco Animal Health Inc. slipped as much as 3.3 percent Monday morning after lead managers and other banks involved in its recent initial public offering started coverage on the animal health company.
ANGI Homeservices buying Handy in effort to dominate home renovations
ANGI Homeservices Inc. has agreed to acquire Handy Technologies Inc., a New York-based startup offering on-demand access to cleaning maids or handymen for small tasks at a fixed price.
U.S. stocks suffer second straight day of heavy losses
The Standard & Poor's 500 index fell more than 2 percent for a second straight day and is now in its longest slide since 2016.
Trump blames Fed for stock market rout, says he won’t fire Powell
President Donald Trump repeatedly criticized the Federal Reserve over the past 24 hours as markets plunged, saying the central bank was “going loco” with too many interest hikes.
Trump steps up Fed pressure with ‘gone crazy’ jab after market sell-off
President Donald Trump slammed the Federal Reserve as “crazy” for its interest-rate increases this year in comments hours after the worst U.S. stock market sell-off since February.
Stocks suffer worst losses in 8 months on rising interest rates
Technology stocks were hit hardest as the NASDAQ composite index sank more than 4 percent.
CVS-Aetna deal given go-ahead by U.S. antitrust regulators
The Justice Department’s approval clears the way for a merger that will create a health care giant with a hand in insurance, prescription-drug benefits and drugstores across the United States.
Sears preparing for bankruptcy as soon as this weekend
Sears Holdings Corp., the struggling U.S. retailer owned by hedge fund manager Eddie Lampert, is focused on a deal that would preserve stakeholders’ value in a court restructuring, according to a person with knowledge of the matter.
Generic drugmakers get boost as FDA plan helps complex copycats
The U.S. Food and Drug Administration will make it easier for pharmaceutical companies to bring more complex—and more profitable—generic drugs to market, throwing the struggling industry a crucial lifeline.
IMF cuts forecast for global growth as trade war takes toll
The International Monetary Fund cut its growth forecast for the first time in more than two years, blaming escalating trade tensions and stresses in emerging markets.
Kavanaugh fight ignites passions for both parties in midterms
The fight over Brett Kavanaugh’s elevation to the nation’s highest court could inflame the voting bases of both parties a month before pivotal congressional elections.
Nation’s largest mattress retailer closing 700 stores in bankruptcy
Mattress Firm’s initial round of closures will include at least one store in Indianapolis and two others elsewhere in Indiana.
Lilly might market diabetes drug for obesity after research results
Eli Lilly and Co.’s stock jumped Thursday after midstage research on an experimental diabetes drug showed significant weight loss in patients. The news took a toll on shares of rival Novo Nordisk.
Amazon warehouse workers lose bonuses, stock awards as they get raises
The online retailer upped its minimum wage to $15 and raised other warehouse wages by $1 per hour, but employees learned Wednesday that there’s a tradeoff.
Silicon Valley companies ramp up forays into health care
Apple Inc.’s new watch is the latest proof: Big Tech is trying to remake health care in its own image. The device, introduced at a splashy launch event in September, can call for help after its wearer falls. It can monitor heartbeats for dangerous conditions. It can do an electrocardiogram, a test that monitors for […]
Older CEOs keeping their jobs longer thanks to bull market
As the U.S. enters the ninth year of economic recovery, big company CEOs are, on average, as old as they’ve been in at least 17 years, according to a study released Wednesday.
Bribery trial puts spotlight on dark side of NCAA basketball
College basketball went on trial Tuesday with a prosecutor telling jury members they’d see what corruption in the sport looks like.
Thousands of insurance appeals went to doctor feds say is fraud
Former orthopedic surgeon Spyros Panos seemed like a successful orthopedic surgeon, but he’s accused of a decade-long stretch of criminal activity that netted him millions of dollars. Among the companies that indirectly used Panos' services was Indianapolis-based Anthem Inc.
Toys ‘R’ Us lenders file plan to revive brand, reopen stores
In a bankruptcy court filing Monday, the lenders said they had canceled a plan to auction off the company’s intellectual property. Instead, they are seeking to reorganize the assets into a new company that will invest in new retail operating businesses.