Infosys founders take control of company in board shakeup
The shakeup comes about three months after the India-based company said it would hire 10,000 U.S. workers by 2021, including 2,000 in Indiana.
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Obamacare’s last bare spot filled by insurer in rural Ohio
The final county in the U.S. that was at risk of not having an Obamacare insurer next year will have one. The county had been left without ACA coverage for 2018 after Anthem Inc. said it would pull out.
Vectren considering sale after takeover interest, sources say
Vectren provides gas and/or electricity to more than 1 million customers in service territories that cover nearly two-thirds of Indiana and about 20 percent of Ohio.
Intel says new chip offers ‘once-in-a-decade’ performance boost
The eighth generation of its Core line will provide as much as a 40 percent jump over its predecessor, according to the Santa Clara, California-based company.
Infosys shares tank after CEO announces resignation
The resignation comes about three months after the India-based company said it would hire 10,000 U.S. workers by 2021, including 2,000 in Indiana.
Trump ends business councils as CEOs turn against president
Donald Trump said he’s disbanding two advisory groups of American business leaders after CEOs quit this week as the president faced blowback over comments he made in the wake of violent protests in Charlottesville, Virginia.
Trump lashes out after Merck exec resigns from president’s council
President Donald Trump criticized drug prices immediately after Merck & Co.’s CEO quit the president’s council of manufacturing executives Monday, to take a “stand against intolerance and extremism.”
Health insurers struggle to win reprieve of Obamacare tax
Insurers like Indianapolis-based Anthem and conservative groups are scrambling for ways to at least delay the health-insurance tax, or HIT, following the collapse of health-care legislation in July.
Funding conditions for U.S. tech startups reach record high
A 44 percent increase from a year earlier was driven by a surge in the number of businesses that raised money for the first time, reflecting investors' appetite to back the riskiest companies.
U.S. companies thank foreign sales for best earnings season since 2004
Of the 454 companies in the S&P 500 that have so far reported second-quarter results, 68 percent have beaten analysts’ average estimates for revenue and 78 percent have topped per-share earnings expectations.
Macy’s, Kohl’s renew fears of intractable retail slump
A fresh round of sales declines at Macy’s Inc. and Kohl’s Corp., though less severe than Wall Street had feared, is renewing concerns that the department-store industry can’t pull out of a years-long slump.
Obamacare-shy insurers see profit, growth in senior care
Searching for stability, big insurers such as Indianapolis-based Anthem Inc. are focusing on Medicare Advantage, a politically popular program embraced by a growing population of older Americans.
Navient can’t block U.S. claim it duped student debtors, judge rules
Student loan giant Navient Corp., which has major operations in Fishers, has suffered a pair of courtroom defeats in its attempt to block government lawsuits alleging borrowers had been mistreated.
Congress passes bill to fund FDA drug, medical device reviews
Drug and medical device makers would pay higher user fees under legislation the U.S. Senate approved and sent to the president on Thursday.
Lilly, other drug giants hunt for patients in India’s remote corners
Global pharmaceutical companies including Indianapolis-based Eli Lilly and Co. are heading into smaller cities and rural areas to learn about the health care needs of about 70 percent of India’s population.
Fox in talks with Ion Media amid tensions with Sinclair, source says
21st Century Fox is in talks to operate local TV stations across the nation with Ion Media Networks, potentially paving the way for Fox to dump Sinclair Broadcast Group as an affiliate partner, a person familiar with the situation said. Sinclair is acquiring two local stations from Tribune Media.
UPDATE: Dow Jones industrial average tops 22,000 for first time
Apple Inc.’s 5 percent gain on Wednesday, sparked by an optimistic sales forecast, propelled the Dow Jones to another record high.
FDA looks to cut cigarette nicotine in blow to tobacco industry
The surprise move sent shares of cigarette stocks plummeting Friday morning.
Senate blocks GOP health bill, scuttling latest bid to repeal Obamacare
Republican Senator John McCain joined with two of his GOP colleagues to block a stripped-down Obamacare repeal bill early Friday, thwarting the party’s months-long effort to pass health legislation.
Anthem may hasten Obamacare retreat without funding assurances
Concerned by the uncertain future of U.S. health care policy, Anthem Inc. warned it may hasten its retreat from Obamacare’s insurance marketplaces.