Owners of failing malls ‘on their knees’ as buyers disappear
Only about $3 billion of retail real estate changed hands in April, a 27 percent drop from a year earlier and the lowest monthly tally since February 2013.
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Trump health chief Azar renews call to end key drug-pricing tactic
U.S. Health and Human Services Secretary Alex Azar told lawmakers that it may be time to eliminate the complex system of rebates that drug companies and pharmacy-benefit managers use to negotiate and set prices.
Another experimental Alzheimer’s drug fails as Eli Lilly, Astra halt tests
An independent data-monitoring committee found that the medicine, lanabecestat, was unlikely to meet the goals of the studies, one for early Alzheimer’s and the other for mild dementia related to the disease.
Firm behind BlueIndy car-sharing service running into trouble in Paris
Paris Mayor Anne Hidalgo is considering early termination of the firm’s contract with the city, amid widening losses and criticism that the vehicles are poorly maintained and dirty.
Tech companies still struggle to hire black workers
Tech companies know that they have a race problem, as the numbers at major companies attest. But their efforts to address it have so far yielded little progress.
Flagstar buying 33 Indiana bank branches from Wells Fargo
Wells Fargo & Co.’s sale of 52 branches to Flagstar Bancorp Inc. marks a retail-banking exit from Indiana, Michigan and Ohio.
Cummins a finalist to make $3.5B acquisition from General Electric
GE is moving closer to a sale of its industrial gas-engine business for more than $3.5 billion after narrowing the list of bidders to a short list that includes Cummins, sources say.
Sears Holdings to close Castleton Square mall store
The Castleton Square store is among three in Indiana that the struggling retailer included on its latest closure list.
De Beers planning historic shift in diamond retail market
The company announced Tuesday that it will start selling man-made diamond jewelry at a fraction of the price of mined gems, marking a major strategy change for the world’s biggest diamond miner.
Gene therapies that could transform diseases get easier FDA path
New therapies that could cure diseases caused by defective genes will get quicker approval from U.S. regulators, part of an effort by the Food and Drug Administration to keep pace with one of biotechnology’s fastest-growing fields.
Congress gives dying patients easier access to unproven drugs
President Donald Trump’s interest in the bill stems from a push by Vice President Mike Pence, who championed the initiative when he was governor of Indiana.
J.C. Penney CEO leaving to take top spot at Lowe’s
The announced departure of Marvin Ellison on Tuesday sent shares of the struggling department store chain tumbling to an all-time intraday low.
Startup with local operations targets 2022 debut for hybrid-electric plane
Boeing Co.-backed startup Zunum Aero plans to deliver its first hybrid-electric plane in 2022 to JetSuite Inc., setting the stage for a new era in regional flying.
Supreme Court rules employers can bar worker class actions
A divided U.S. Supreme Court on Monday ruled that employers can force workers to use individual arbitration instead of class-action lawsuits to press legal claims.
Kroger teams with online grocer to keep pace with Amazon
Kroger Co. and United Kingdom-based online grocer Ocado Group are working on identifying sites for three automated distribution centers in the United States this year and may open as many as 20 within three years.
Hybrid pioneer Allison sees long road toward electric big rigs
Allison Transmission Holdings’ incoming CEO sees development of fully electric heavy trucks as a longer-term project.
Trump health secretary: Drugmakers must help cut prices, or else
Alex Azar, secretary of Health and Human Services and a former executive of Eli Lilly and Co., said Monday that the Trump administration plans to turn up the heat on uncooperative pharma firms.
Rolls-Royce seeking cheaper headquarters to cut expenses
Rolls-Royce—which has major operations in Indianapolis—needs a “smaller, more cost-effective London head-office location” than the current premises midway between the Houses of Parliament and Buckingham Palace, CEO Warren East said in a memo to staff
Oil rebounds as Trump dumps Iran deal, promises new sanctions
Crude oil futures dropped only 1 percent in New York on Tuesday after earlier dipping more than 4 percent.
Bid of $6.5B for Athenahealth might be ploy to lure other bidders, including Anthem
Shares in Athenahealth Inc. surged the most since 2016 after activist investor Elliott Management Corp. bid to acquire the medical company for $160 a share.