Sears stops selling Whirlpool, ending 100-year partnership
The struggling national retailer will no longer carry Whirlpool brands, including Maytag, KitchenAid and Jenn-Air, following a pricing disagreement.
Bloomberg News
Articles
Trump rejects idea of new caps on 401(k) savings in tax plan
President Donald Trump on Monday shot down reports that House Republicans were considering tweaking or capping one of the most popular breaks.
Anthem breaks with Express Scripts, to start own drug plan with CVS
Indianapolis-based insurer Anthem Inc. said it will set up its own pharmacy benefits management unit, signaling a final break with Express Scripts Holding Co. after the health insurer accused Express of overcharging it by billions of dollars.
Senators reach bipartisan deal to prop up Obamacare, keep subsidies
Senators in both political parties say they’ve reached agreement on fixes to stabilize Obamacare just two weeks before Americans start signing up for 2018 coverage.
Sinclair might sell up to $1B in TV stations to complete Tribune deal
Sinclair Broadcast Group Inc. received bids for as many as 10 television stations as it takes steps to win approval of its proposed merger with Tribune Media Co., people familiar with the matter said. Tribune Media owns two local stations.
Trump says his Fed chair pick will be one of five already named
President Donald Trump said he plans to choose from among five finalists to be the next Federal Reserve chair and will make his decision soon.
Toyota, Mazda seeking $1B in incentives for joint car factory
Indiana is among more than a dozen states trying to land the $1.6 billion project, which could require a generous outlay from the winning locale.
Obamacare insurers, states rush to react to Trump’s latest move
Indianapolis-based Anthem Inc. declined to say Friday whether it would retreat even further from Obamacare than it already has in recent months.
Carson’s parent seeing supplier pullback reminiscent of Toys ‘R’ Us
Some of the suppliers for Bon-Ton Stores Inc.—the parent of Circle Centre’s only anchor store—are scaling back shipments and asking to be paid sooner in order to protect themselves from potential losses.
Trump moving ‘step by step’ to take apart Obamacare on his own
Shares of publicly traded hospital chains including Tenet Healthcare Corp. slumped on Friday, as did insurers such as Centene Corp. and Anthem Inc.
Trump to halt Obamacare subsidies to health insurers
The president’s action is likely to trigger a lawsuit from state attorneys general, who contend the subsidies to insurers are fully authorized by federal law, and the president’s position is reckless.
Leather goods retail company Coach changing its name
Coach Inc., the iconic New York-based leather goods maker that has several stores in Indiana, is changing its corporate name after 76 years in business.
Kroger investors cheer as grocer eyes sale of convenience stores
The supermarket giant kicked off its biggest rally in more than two years after saying it might sell its convenience-store business. The operation spans 18 states, including Indiana, and generates about $4 billion in sales.
SEC asked to probe trades of student loan giant Navient
The AFL-CIO is asking regulators for a review of possible insider trading involving shares in Navient Corp., which has major operations in Fishers.
Express Scripts to buy medical test gatekeeper for $3.6B
The deal comes as Express Scripts faces challenges on a number of fronts, including the possible loss of its largest customer, Indianapolis-based health-insurance giant Anthem Inc.
FDA approving drugs at accelerated pace
Thirty-four new drugs—treating everything from cancer to rare genetic diseases—have been approved so far this year. That’s on pace to nearly double last year’s approvals.
Justice Department ends transgender workplace protections
Federal civil rights law does not protect transgender people from discrimination at work, U.S. Attorney General Jeff Sessions said in a memo released Thursday that rescinds guidance issued under the Obama administration.
Amazon testing delivery service to rival FedEx, UPS, sources say
Amazon.com Inc. is experimenting with a new delivery service intended to make more products available for free two-day delivery and relieve overcrowding in its warehouses, according to two people familiar with the plan.
At NCAA scandal’s core, a tainted adviser with Hollywood dreams
The uncovering of the massive NCAA sports scandal started with a troubled financial adviser who wanted to work with football stars, make movies and produce a bit of country music.
FDA’s consumer protection warnings falling under Trump
From January to July, the agency sent 265 warning letters to companies, notifying them of what it alleged to be serious violations of federal rules. That’s the lowest tally for the first seven months of any year since 2008.