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.
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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.
Amazon near deals with New York, Virginia for split HQ2, newspaper says
Amazon.com Inc. will separate its proposed second headquarters into two locations, and is close to deals with both sites, The New York Times reported Monday.
Glitchy Starbucks app irks customers even as shares hit record
The company, which on Thursday reported better-than-expected sales in the U.S., faced criticism on Twitter Friday morning as customers reported problems with its popular smartphone app.
U.S. adds robust 250,000 jobs; pay growth fastest since 2009
The last major economic data before Tuesday’s congressional elections also showed that the unemployment rate remained at a five-decade low of 3.7 percent.
Eli Lilly partner urges investors to look beyond biotech turmoil
Look at the future prospects, not the losses, says the CEO of a newly listed Chinese biotech company that’s developing anti-cancer drugs with Indianapolis-based Eli Lilly and Co.
Obamacare markets stabilize, but premiums remain high for many
On average, the premium for typical plans in the 39 states that use the federal healthcare.gov website will drop 1.5 percent.
Indiana becomes epicenter of campaign battles over Trump trade policies
Tariffs are weighing heavily on the tossup U.S. Senate contest between Democratic incumbent Joe Donnelly and Republican Mike Braun.
U.S. apparel spending rises at fastest pace since 2005
Low unemployment, elevated consumer confidence and stronger household finances are encouraging shoppers to dip confidently into their cash.
Surprising jump in PC demand gives Intel bullish outlook
The company, whose processors are at the heart of most of the world’s laptops, desktops and servers, has been raking in cash this year as companies spend on upgrading their hardware.
With stock market in freefall, earnings mean almost nothing
A quarter of the way through earnings season and 10 months into what is sure to be the biggest year for profit growth this decade, the numbers are strong. The market doesn’t care.
NASDAQ suffers worst day since 2011 amid market rout
Major market indexes had a dismal day Wednesday, especially the tech-heavy NASDAQ.
Lids, other baseball cap sellers about to feel impact of tariffs
According to the American Headwear Alliance, which represents producers such Zionsville-based Lids and Massachusetts-based ’47 Brand, the vast majority of caps sold in the U.S. are imported from overseas.
Opioid alternative from Lilly, Pfizer shows promise in study
The experimental drug eased arthritis pain in hard-to-treat patients without major safety concerns, a key step in creating a new class of medications that may one day offer an alternative to narcotics.
Former online-only retailers setting up shops in malls near you
Stiffening competition, surging online advertising costs and cheap mall space have prompted web retailers like Warby Parker and Bonobos to open physical stores, including locations in Indianapolis.
Trump might announce middle class tax-cut plan days before crucial midterms
The president offered no details on the proposal, which would follow a landmark tax overhaul last year that Republicans had hoped would ensure they’d keep control of Congress after the midterms.