Americans spending like crazy at restaurants, Commerce Department says
Spending at U.S. restaurants surged over the past three months by the most on record.
Bloomberg News
Articles
Walmart raises outlook after strongest quarter in 10-plus years
Walmart shares surged as much as 11 percent Thursday morning, the biggest intraday rise for the stock since October 2008.
Verizon to launch 5G TV service in Indianapolis, three other cities
Verizon Communications Inc. announced deals Tuesday making Apple Inc. and Google its first video providers for a superfast 5G wireless service the company plans to launch later this year.
Trump orders doubling of steel, aluminum tariffs for Turkey
The clash between the NATO allies reverberated across global markets Friday as an economic crisis in Turkey threatened to spread. The S&P 500 Index erased its gain for the week.
Pence says space force to assert U.S. ‘dominance’ in orbit
President Donald Trump wants Congress to allocate $8 billion over the next five years for space security systems as it establishes a U.S. Space Force as the sixth branch of the military, Vice President Mike Pence said.
Tribune files $1B suit against Sinclair, scraps merger deal
Sinclair Broadcast Group Inc. saw its bid to become a nationwide powerhouse collapse after its would-be partner, Tribune Media Co., withdrew from a planned $3.9 billion merger that drew the ire of regulators.
U.S. mall owners happy with steady, ‘boring’ results
Mall landlords, besieged for the past two years by the rise of online shopping and retailer bankrupties, are trying to push a new narrative of improving sales and increased demand for empty space at their properties.
China cuts red tape, increases potential for breakthrough medicines
After decades of being starved of innovative treatments for serious conditions like cancer, diabetes and kidney disease, China’s 1.4 billion people are becoming a prime target for Eli Lilly and other pharmaceutical companies.
Eli Lilly’s animal-health business files for initial public offering
Elanco Animal Health Inc. could see a market value of as much as $20 billion, according to Bloomberg Intelligence. At that valuation, a share sale could raise as much as $5 billion.
Apple becomes first U.S. company to hit $1 trillion market value
The consumer-technology giant briefly touched the milestone Thursday morning, four decades after the late Steve Jobs co-founded the firm in his parents’ garage in Silicon Valley.
Charles Koch says Trump tariffs could trigger U.S. recession
Billionaire industrialist Charles Koch, who leads a powerful policy and political network, said Sunday he worries President Donald Trump’s actions on trade and tariffs put the booming U.S. economy at risk.
Brookstone planning to shut down most stores after bankruptcy filing
In Indiana, Brookstone has stores in Circle Centre mall and at Indianapolis International Airport.
Facebook’s stock plunges as growth stalls; Zuckerberg loses $16.8B
CEO Mark Zuckerberg’s fortune tumbled Wednesday as Facebook shares fell 20 percent in after-hours trading.
FCC chair defends Sinclair decision after Trump calls it ‘disgraceful’
Federal Communications Commission Chairman Ajit Pai said he stands by his agency’s decision to send Sinclair Broadcast Group Inc.’s acquisition of Tribune Media Co. to an administration hearing.
In boardrooms or bars, apps translate for travelers
When you’re trying to communicate with a taxi driver in Tokyo or pick the right cold medicine in France, there’s only so much that rudimentary language skills, or a helpful concierge, can do to help.
Companies head for hearings to slow down tariffs on Chinese imports
Indiana-based Kimball Electronics said it might be forced to move manufacturing outside of the United States to avoid Trump’s tariffs on diodes and electric integrated circuits.
Obamacare fix in the works after risk payments halted
The Trump administration is preparing a regulation that would allow the resumption of billions of dollars in payments to health insurers in Obamacare, a development welcomed by Indianapolis-based Anthem Inc.
Trump says U.S. might have separate trade deal with Mexico
President Donald Trump said he may prioritize a bilateral trade deal with Mexico over Canada and that he’s building a good rapport with Mexican President-elect Andres Manuel Lopez Obrador.
Sinclair makes changes to Tribune deal to appease regulators
Sinclair Broadcast Group Inc. has offered to abandon or revise sales of TV stations in some markets after its proposed $3.9 billion deal to buy Tribune Media Co. met rebuke from regulators.
Sinclair-Tribune deal in jeopardy after FCC boss questions legality of plan
The proposed $3.9 billion acquisition would change ownership at Indianapolis-based stations WTTV-Channel 4 and WXIN-TV Channel 59.