Dozen college-scam defendants plead not guilty, while test taker makes deal
Six former college coaches, an athletic director, the head of a tennis academy and two test administrators pleaded not guilty Monday in the U.S. college-admissions scandal.
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March madness tips off with college sports under microscope
The Indianapolis-based NCAA faces more pressure than ever to reform its model. Legal challenges, scandals and athlete activism are convincing the public that colleges are getting rich exploiting their players.
Trump says tariffs will stay until China complies with deal
The president’s comments dim hopes that round-the-clock trade negotiations between the world’s two biggest economies could lead to them removing the roughly $360 billion in tariffs they’ve imposed on each other’s imports.
Former Indiana Pacers star Chuck Person pleads guilty in NCAA bribery scheme
Former Indiana Pacers star Chuck Person will serve prison time after admitting to taking thousands of dollars in bribes to steer college basketball players to hire a financial adviser after they turned professional.
For mastermind of vast college scam, fat fees weren’t enough
The same cutthroat competition and parental anxieties that drive affluent Americans to hire tutors, editors and strategists helped William Rick Singer build a profitable—and highly illegal—business.
Most flavors of e-cigarettes set to be banned from retail stores
The U.S. Food and Drug Administration moved forward with its much-anticipated plan to limit sales of most flavored e-cigarettes in an effort to curb what it calls an epidemic of youth vaping.
College scams with a twist: Rich parents use sports ‘side door’
There’s another type of recruiting fraud occurring at elite institutions, where the money flows the other way, from wealthy families to coaches.
UPDATE: Parents, coaches, celebrities charged in vast college-entrance scheme
Parents, coaches and test administrators were charged Tuesday in a sweeping criminal conspiracy that sought to help applicants win admission to elite universities including Yale, Stanford, UCLA and Georgetown.
Home decor retailer with Carmel store files for bankruptcy
Los Angeles-based Z Gallerie said it plans to close 17 of its 76 stores as part of the Chapter 11 reorganization.
Tesla raises prices as Musk backtracks on plan to close stores
Tesla will increase the cost of its vehicles by an average of about 3 percent after rethinking a plan announced just 10 days earlier to wind down all but a small number of its stores.
Indiana-based Berry bests Apollo with $4.4B deal to form plastics giant
Berry Global Group CEO Tom Salmon, already coming off a string of acquisitions, is making the company’s biggest purchase amid a rapidly consolidating market for plastic packaging.
NCAA loses critical U.S. court ruling on athlete compensation
A federal judge said Friday that the NCAA’s rules regarding compensation violate federal antitrust law and athletes may be compensated for education-related expenses beyond current caps.
Crypto companies complain they’re being shunned by banks
While top-tier banks are getting more crypto-curious—JPMorgan rolled out a prototype digital coin last month—most see the growing number of companies in the industry as they have since day one: ticking regulatory time bombs.
Papa John’s founder to quit board, drop suit in settlement
As recently as last month, it had appeared John Schnatter wasn’t going to release his grip on the company without a fight.
Salesforce stock slides after disappointing revenue forecast
The scaling back of the cloud software maker’s growth expectations stoked concern that the pace of its torrid expansion has stalled as it matures into a larger company.
Cigna CEO expressed regret about merger that later failed
While publicly backing his company’s 2015 merger with rival health insurer Anthem, Cigna’s CEO privately expressed regret about signing on to a deal that left him with a reduced role, lawyers for Anthem said in court Monday.
Amazon planning to open dozens of grocery stores, WSJ reports
Amazon.com Inc. plans to open dozens of grocery stores in U.S. cities, The Wall Street Journal reported Friday, a move that would expand its grocery footprint beyond its Whole Foods Market chain. Shares of food retailers all fell on the news.
Ex-Anthem CEO Swedish says leadership dispute led to war with Cigna
Anthem and Cigna are battling in court over whether one owes the other billions in damages for the collapse of their proposed merger.
Gap to close 230 stores, spin off Old Navy into new public company
The Gap brand has struggled as part of a broader slump for brick and mortar retailers, even as the lower-priced Old Navy brand has resonated with discount shoppers.
Victoria’s Secret to close 53 stores after poor Christmas performance
Columbus, Ohio-based owner L Brands Inc. operates 957 Victoria’s Secret shops in the United States, including eight mall stores in the Indianapolis area.