Supreme Court rules for American Express in credit card case
The Supreme Court handed American Express a win Monday in a lawsuit over rules it imposes on merchants who accept its cards.
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UPDATE: Cummins loses out on GE’s industrial-engine business
General Electric Co. has agreed to sell its industrial gas engine business to a private equity for $3.25 billion, passing over interest in the acquisition from Columbus-based Cummins Inc.
Firm behind BlueIndy car-sharing service kicked to curb in Paris
The French capital on Thursday canceled its contract with Bollore after the company predicted losses totaling $348 million over the next five years and asked for taxpayers to pick up much of the cost.
Herff Jones owner Varsity Brands sold to Bain Capital
Bain Capital has agreed to buy Varsity Brands, the owner of BSN Sports and Indianapolis-based Herff Jones, in a deal estimated at $2.5 billion.
Private jets luring buyers again, even at average cost of $9.7M
Private-jet buyers are coming out of hiding, encouraged by expanding businesses and lower corporate tax rates.
Survey: When it comes to tipping, millennials are cheapest
U.S. millennials are quick to whip out their wallets for pricey avocado toast and craft beer. But when it comes to rewarding the waiters and bartenders who serve them, those wallets often stay closed.
Retailers fume over tax-law typo that makes renovations pricier
The industry, led by Target Corp., Best Buy Co. and KFC-owner Yum! Brands Inc., is pushing for a solution a last-minute drafting error that doubles the tax costs for badly-needed store renovations.
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.
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.