Pfizer to end Alzheimer’s research, cut 300 jobs
Pfizer said it will continue its support of potential blockbuster drug tanezumab, a late-stage pain treatment in development with Indianapolis-based Eli Lilly and Co.
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Apple says all Macs, iPhones, iPads exposed to chip flaw
Apple Inc. said all Mac computers and iOS devices, like iPhones and iPads, are affected by chip security flaws unearthed this week.
Stake in Indiana-based OneMain Holdings sells for $1.4B
Apollo Global Management LLC and Varde Partners have agreed to buy Fortress Investment Group’s stake in Indiana-based consumer lender OneMain Holdings Inc.
Amazon grabs headlines, but Aldi, Lidl still the grocers to watch
Aldi and Lidl—two no-frills German discounters that are expanding quickly in the United States—are putting more pressure on grocery giants Kroger and Walmart than Amazon.
UPS, FedEx handle record holiday surge with minimal delays
Both couriers now have entered the holiday season’s returns cycle, which also promises to be busy.
World’s wealthiest gain $1 trillion in 2017 on market exuberance
The richest people on earth became $1 trillion richer in 2017, more than four times last year’s gain, as stock markets shrugged off economic, social and political divisions to reach record highs.
Retail caps strong season with help from long Christmas weekend
Americans displayed their buying bona fides in the final run-up to Christmas, turning out in force to produce what may be the best holiday shopping season in years.
Year in notable deaths includes Hefner, Ailes, Rockefeller
Death claimed several national and international newsmakers in business, finance and public affairs in 2017. Indianapolis also lost several notable public figures.
Initial public offerings stage comeback year in 2017
A third of the stock sold in IPOs this year came from technology, media and telecommunications companies, about double the proportion in 2016.
Analysts cut IPhone X forecasts, citing lukewarm demand
Apple has been counting on a redesigned 10th anniversary iPhone to boost shipments as its market value advances toward $1 trillion.
Basketball bribery defendants say NCAA violations aren’t crimes
Paying the relatives of high school basketball players to entice them to attend a particular university may be a violation of NCAA rules, but it isn’t a federal crime, say three men charged in a college bribery scandal.
From autos to universities, here’s what the tax overhaul means for most industries
Its impact will spread far and wide starting next year, highlighted by a cut in the corporate rate to 21 percent, fully allowable deductions for capital expenses and lower levies on repatriating overseas profits.
Poultry purveyor wonders if dip in wing sales is due to NFL player protests
Wing prices slumped in each of the last three months—tracking with the start of this year's contentious NFL season—and are now 14 percent lower than a year earlier.
Simon investing heavily in upgrading, transforming mall properties
The Indianapolis-based retail real estate giant is spending $1 billion annually to upgrade its high-end properties, including adding splashy non-retail features like housing and hotels.
Retailers eye merriest Christmas since recession as sales surge
The Commerce Department reported better-than-expected U.S. retail sales for November and revised its October figures upward, bringing a fresh wave of optimism to a long-embattled industry.
Disney buying Fox assets in $52B split of Murdoch empire
The sale marks an epic downsizing for Rupert Murdoch, an 86-year-old former Australian who spent his adult life amassing the assets that made him a kingmaker in U.S. and U.K. politics.
NFL Network harassment lawsuit names executive, ex-players
A former executive producer at the NFL Network and ex-players including former Indianapolis Colts running back Marshall Faulk allegedly groped and made sexually explicit comments to a female colleague, a lawsuit claims.
St. Vincent parent considering huge hospital merger
Ascension Health and Providence St. Joseph Health are in deal talks to form the nation's largest hospital operator.
Christmas tree growers battle against popularity of plastic
Millennials have a reputation for loving products that are local, authentic and benefit the environment. So why are they buying so many plastic Christmas trees?
Donnelly joins growing chorus of voices calling for Franken resignation
The demands came in rapid succession after Sen. Al Franken on Wednesday vehemently denied a new sexual misconduct accusation that came from a former Democratic congressional aide.