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.
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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.
Papa John’s founder admits to non-disclosure agreements with two women
Embattled Papa John’s International Inc. founder John Schnatter has previously faced sexual harassment allegations.
New NAFTA good news for dairy prospects in United States, experts say
Canadian dairy farmers say they’re on the losing end of a new trade pact with the United States that will allow Americans to ship more milk north.
Musk ousted as Tesla chairman in SEC settlement, but will remain CEO
The settlement was reached two days after the SEC sued the billionaire over his tweeted claims to have had the funding and investor support to buy out stockholders at $420 a share.
Migraine drug from Eli Lilly approved by FDA
Eli Lilly and Co. received clearance Thursday from U.S. regulators for a new migraine drug that will be the third in a promising class of therapies for patients who suffer from the recurrent, painful headaches.
Kavanaugh angrily denies assault allegation after Ford testimony
Supreme Court nominee Brett Kavanaugh testified that claims of sexual misconduct amount to “a calculated and orchestrated political hit, fueled with apparently pent-up anger about President Trump and the 2016 election.”
U.S., Japan agree to negotiate a free trade agreement
Japanese Prime Minister Shinzo Abe resisted for almost two years the push to start bilateral trade talks with the United States, but President Donald Trump’s threatened auto tariffs forced him to reconsider.
Indiana Uber drivers to receive $100 each from settlement
The settlement, spanning all 50 states and the District of Columbia, is the biggest data-breach payout in history, and marks the most sweeping rebuke by regulators against Uber, which earned a reputation for skirting rules in its push to dominate the ride-hailing market.
United States unlikely to wait for Canada on new NAFTA pact
The United States is moving forward on its bilateral trade deal with Mexico even if Canada is left out because negotiators can’t resolve their sharp differences, U.S. Trade Representative Robert Lighthizer said.
Notre Dame’s endowment value hits record $13.1 billion on gains
The University of Notre Dame’s endowment posted a 12.2 percent annual investment gain.
Starbucks plans ‘significant changes’ to company’s structure
Starbucks Corp., on a mission to move faster, is planning an organizational shake-up, including corporate layoffs, as the coffee chain tries to reverse stagnant sales and rekindle investors’ interest.