Sprint, T-Mobile strike $26.5 billion deal to take on AT&T
Operating as T-Mobile, the company would have about $74 billion in annual revenue and 70 million wireless subscribers.
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BlueIndy billionaire Bollore charged in Africa corruption case
Billionaire Vincent Bollore, the tycoon behind the BlueIndy car-sharing service, has been charged by French investigators as part of a probe into the possible use of bribes in two African countries.
Air carriers have done great job boosting safety
Before a recent death on a Southwest Airlines flight, the last time someone died as a result of an accident on a U.S. carrier was nine years ago, when a commuter plane, Colgan Air Flight 3407, crashed into a house while trying to land in Buffalo, New York, killing 50 people.
Subway plans 500 more U.S. store closings amid fierce competition
After peppering the nation with thousands of locations, closely held Subway is retrenching in the United States while adding more stores in international markets.
Pruitt proposes limits to scientific research used by EPA staff
The U.S. Environmental Protection Agency broke with four decades of practice Tuesday and proposed limits on the science used to develop policies protecting public health and the environment.
With existing homes almost non-existent, buyers turn to new ones
U.S. homebuyers are now more likely to purchase new than at any time since the 2008 crash. They don’t have a lot of choice.
Sears stock soars as Lampert offers to buy Kenmore brand, real estate
Edward Lampert is pushing for a more aggressive breakup of Sears Holdings Corp. as the hedge-fund manager aims to salvage what’s left of the struggling retailer and stave off a potential bankruptcy filing.
Drug industry sets lobbying records as pricing pressure looms
The drug industry set several quarterly records for lobbying spending in the first three months of 2018, but Indianapolis-based Eli Lilly and Co. actually reduced lobbying expenditures.
Cigna-Express Scripts deal to face Justice Department review
Cigna Corp. confirmed that its proposed $54 billion acquisition of Express Scripts Holding Co. will be reviewed by the U.S. Department of Justice, which has raised the bar for approving deals that don’t combine direct competitors.
Cummins considering $3B deal for GE engine business, sources say
A sale of Jenbacher, which makes engines that generate power and heat for industrial facilities, is poised to be GE’s biggest to date in CEO John Flannery’s plan to reshape the company.
Next big test for biotech investors is FDA review on Lilly arthritis drug
Eli Lilly’s baricitinib faces a big review from an FDA panel on Monday, but preliminary briefings don’t appear to be positive.
Death on Southwest plane shatters record U.S. safety string
Almost 100 million U.S.-operated airline flights, carrying several billion people, had taken off and landed safely in this country over a nine-year span since the last time a passenger died in an accident.
Internet sales tax issue divides Supreme Court justices
Hearing arguments Tuesday, the justices considered overturning the court’s 1992 ruling that made much of the internet a tax-free zone by exempting retailers that don’t have a physical presence in a state.
‘Shockingly weak’ cattle market should mean cheaper summer burgers
Cattle futures have been sliding as market watchers expect a landslide of meat in the coming months.
Anthem among health care’s biggest gainers from federal tax cuts
Four of the 20 biggest health-care companies in the Standard & Poor’s 500 Index saw a benefit from the tax overhaul in the fourth quarter. Among them was Indianapolis-based Anthem Inc.
Trade, tax cuts at center of Donnelly’s run in Trump country
Sen. Joe Donnelly is doggedly cultivating those who are agitated with Donald Trump as he seeks a second term in a state that the president won by 19 percentage points in 2016.
Stocks tumble amid growing trade concerns
U.S. stocks ended the week with a deep selloff on Friday as the White House's latest trade threats against China rattled global financial markets.
Rare loss for Big Pharma will cost industry billions
Drugmakers will have to offer a much more generous discount to Medicare beneficiaries who fall into the so-called donut hole coverage gap.
Zero-percent auto loan era fading into America’s rearview mirror
Carmakers that used zero-percent financing offers to juice sales at the height of the American auto boom are starting to abandon them as rising interest rates lift their own borrowing costs.
Trump administration moves to cut Obama-era fuel-efficiency rules
The Trump administration announced that fuel-efficiency regulations for cars and light trucks are too stringent and must be revised.