Lilly’s Elanco animal-health business raises $1.5 billion in IPO
Greenfield-based Elanco Animal Health Inc. raised more than expected in its initial public offering, pricing its shares above the marketed price range.
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Delta joins United, JetBlue in raising checked-bag fees
Thirteen U.S. carriers collected $4.6 billion in bag fees alone last year, according to U.S. Transportation Department statistics.
Indiana-based Thor Industries bets $2.5B on RV growth in Europe, China
The deal would make Airstream parent Thor Industries the largest RV maker in the world.
Competitor beats Lilly to market with migraine drug approval
The competition for the multi-billion dollar migraine market is set to heat up with the FDA expected to decide on Lilly’s migraine therapy next month.
Verizon ready to roll out 5G internet, TV service in Indy, 3 other cities
Verizon is in a race with AT&T Inc. to introduce the first 5G wireless service—a standard that promises connection speeds between 10 and 100 times faster than today’s cable.
U.S. small business optimism hits highest level in history
Small businesses are increasingly optimistic as the economic expansion enters its 10th year and the Trump administration prioritizes industry deregulation and tax cuts.
Walmart expects to double its truck-driver recruitment spending
Amid heavy demand for truckers, Walmart wants to reduce its driver hiring process from 70 days to 30, and pilot programs to do that are under way in Indianapolis and the company’s hometown of Bentonville, Arkansas.
Amazon facing growing backlash for seeking big tax breaks in exchange for HQ2
As the world’s second-most-valuable public company weighs tax breaks and other goodies offered by 20 eager suitors, it stands accused of being a corporate welfare leech that should be giving the government and workers more rather than milking taxpayers.
U.S. wage gains jump as hiring exceeds expectations
American wages unexpectedly climbed in August by the most since the recession ended in 2009.
U.S. hunger hits lowest mark in decade as unemployment declines
The number of people facing hunger in the United States declined last year to the lowest level since 2007. Indiana’s food-security rate was worse than the national average.
Indiana-based Vera Bradley says China tariffs will derail its recovery
Purse maker Vera Bradley has been moving production out of China, but says about 21 percent of the company’s products can’t viably be sourced elsewhere.
Papa John’s founder sues company’s board, CEO
Papa John’s International Inc. founder John Schnatter escalated his legal battle with the pizza chain, suing the board of directors and CEO Steve M. Ritchie.
Weed killer’s future targeted in appeal of EPA approvals
When it comes to killing weeds, Bayer AG’s crop chemical XtendiMax has become a powerful new tool for American farmers. But environmental groups and companies such as Indiana-based Red Gold Tomatoes aren’t fond of the product’s unintended side effects.
U.S. trade groups laud NAFTA replacement effort, but want three-way deal
The U.S. Chamber of Commerce, Business Roundtable and National Retail Federation were among the groups calling for the U.S. to also reach a deal with Canada, not just Mexico.
Apple to expand iPhone X design with new colors, big screens
The world’s most valuable company plans to launch three new phones soon that keep the edge-to-edge screen design of last year’s flagship, according to people familiar with the matter.
Trump says he’ll end NAFTA after reaching new deal with Mexico
President Donald Trump on Monday said he would terminate the North American Free Trade Agreement and sign a new trade accord with Mexico, potentially leaving Canada out of the bloc.
U.S., Mexico poised to reach NAFTA deal as soon as Monday
Along with Canada, the United States and Mexico have been negotiating for a year to overhaul the 24-year-old accord at the insistence of Donald Trump.
Red Delicious loses claim as No. 1 apple after five-plus decades on top
The Red Delicious apple, an easy-to-transport variety that dominated grocery selection for decades, is no longer the most popular variety in the United States.
Scotts to test whether Miracle-Gro can make pot grow, too
Scotts Miracle-Gro Co. is betting its fertilizer can help cultivate a different kind of grass.
Electric trucks facing long road to unseat diesel engines
Companies like Tesla Inc. predict battery-powered trucks will soon be ready for the long-haul market. But Indiana-based engine maker Cummins Inc. thinks electric vehicles are more suitable for shorter ranges.