British Supreme Court rules in Eli Lilly’s favor in drug dispute
Britain's Supreme Court has ruled in favor of Eli Lilly and Co. in a patent dispute with generic drugmaker Actavis over Lilly's Alimta cancer treatment.
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Sports Direct’s Ashley says serious deals not done while drunk
Mike Ashley, the billionaire owner of Sports Direct International—which owns a major stake in Indianapolis-based retailer The Finish Line Inc.—said a former employee’s claim that he made a $19 million bonus deal while in a London pub was “nonsense.”
Volvo set to be first major carmaker to forgo traditional engines
The Swedish company, which has been making cars since 1927, said it will begin producing electric motors for all its cars beginning in 2019.
Staples to be acquired by Sycamore Partners for $6.9 billion
Staples Inc. will be acquired by Sycamore Partners in one of the largest retail deals of the year, a wager that the office-supply chain is better off continuing its turnaround plan as a private company.
Anthem’s exit creates Obamacare ‘crisis’ for rural Nevadans
The Indianapolis-based health insurer, a one-time Obamacare stalwart, has accelerated its retreat in recent weeks.
Cheapest fuel since 2005 to bring U.S. drivers `Christmas in July’
American drivers are preparing to hit the road this Fourth of July as seasonal gas prices plunge to their lowest in 12 years.
Performance gap widening in some generic drugs, researchers say
As medicines—especially those that treat conditions such as anxiety or depression—are becoming more complex, it’s not just the mix of active ingredients that generic drugmakers have to replicate. It’s also the release mechanism.
Supreme Court agrees to hear gay-marriage cake case
The U.S. Supreme Court stepped into a clash that pits gay rights against religious freedoms, agreeing to hear arguments from a baker who says he shouldn’t have to make cakes for same-sex weddings.
Anthem agrees to $115 million settlement over data breach
Anthem Inc. has agreed to pay $115 million to resolve consumer claims over a 2015 cyber-attack that compromised data on 78.8 million people, marking what attorneys in the case called the largest data-breach settlement in history.
iPhone maker considering Indiana, other Midwest states for $10B in investments
Foxconn Chairman Terry Gou says its U.S. investments could be in seven states, naming Indiana, Ohio, Pennsylvania, Michigan, Illinois, Wisconsin and Texas.
Senate health plan relies on subsidies GOP has faulted
The proposal would provide an additional $50 billion over four years to stabilize insurance exchanges, relying on a mechanism Republicans have criticized in the past as a way to keep insurers in the marketplace.
Amazon strikes again with dressing room in your house
Amazon is testing a new service called Prime Wardrobe that allows members to try on the latest styles before they buy at no upfront charge.
UPS to charge more during Black Friday, Christmas delivery surges
United Parcel Service Inc. will place its first holiday-season surcharges on U.S. packages, as the world’s largest package-delivery company seeks to defray a surge in year-end costs.
Kroger takes $7B hit as Amazon deal compounds recent struggles
The biggest U.S. supermarket chain lost more than $7 billion in market value combined on Thursday and Friday, the biggest two-day loss for the company since December 1999.
Justices rule law on offensive trademarks unconstitutional
The U.S. Supreme Court on Monday struck down part of a law that bans offensive trademarks in a ruling that is expected to help the Washington Redskins in their legal fight over the team name.
UPDATE: Amazon to acquire Whole Foods in $13.7B deal
Amazon.com Inc. plans to buy Whole Foods Market Inc. in the biggest transaction ever for the e-commerce giant as it pushes deeper into groceries.
Pence hires veteran Washington lawyer to handle Russia probe
A Pence spokesman said the vice president and former Indiana governor retained Richard Cullen, chairman of McGuireWoods LLP, to deal with inquiries.
U.S. regulators approve $62M merger of Dow Chemical, DuPont
The mega-merger is set to create a huge publicly traded agricultural company that would be based in Delaware but have major operations in Indianapolis.
Centene to offer Obamacare in 3 more states, expand in Indiana
Health insurer Centene Corp. plans a broad expansion of its Obamacare offerings next year at a time when many of its big rivals are retreating from the program.
Trump administration calls for overhaul of Wall Street rules
The changes, outlined in a report released by the Treasury Department, urge federal agencies to re-write scores of regulations that bankers have frequently complained about in the seven years since the passage of the Dodd-Frank Act.