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.
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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.
Expect two more Federal Reserve rate hikes in 2017, economists say
Though widely expected to raise rates this week, Fed policy makers are being pulled in two directions by a spirited drop in unemployment this year and a surprisingly listless reaction in wages and prices.
Anthem’s Obamacare exit could leave 300,000 without options
The loss of another insurer in the program would put more pressure on Republicans in Congress who are attempting to repeal and replace large parts of Obamacare.
High court justices limit recovery in securities fraud cases
The Supreme Court on Monday made it tougher for the government to recover ill-gotten gains from people convicted of securities fraud, ruling that such recoveries are subject to a five-year statute of limitations.
Trump making push for air-traffic, infrastructure plans
President Donald Trump on Monday unveiled his proposal to hand over control of the U.S. air-traffic control system to a not-for-profit corporation as he kicked off a week-long push for his $1 trillion infrastructure plan.
Drugmakers brace for Trump proposals to tackle U.S. prices
Top pharmaceutical CEOs say they expect President Donald Trump, a frequent critic of industry pricing practices, to take steps soon to address high U.S. drug costs.
Rise in female VC partners doesn’t lead to more women getting funded
A new Bloomberg analysis shows that venture capital firms with senior women partners backed companies founded or co-founded by women at roughly the same rate as VC firms with no senior women partners.
Health overhaul would leave 23M more uninsured by 2026, CBO says
The bill to repeal and partially replace Obamacare would reduce the deficit by $119 billion over 10 years, the Congressional Budget Office said.
Target settles data-breach lawsuit with 47 states for $18.5M
Indiana will be among the states receiving money to settle state lawsuits over a 2013 hack of the retailer’s database in which the personal information of millions of customers was stolen.
Shopping mall executives say gloomy future has been exaggerated
Retailers and shopping-center owners are gathering in Las Vegas this week prepared to send a message: The American mall is doing better than many people think.
Carmel-based company wins patent case at U.S. Supreme Court
The justices ruled unanimously Monday that patent infringement lawsuits can be filed only in states where defendants are incorporated. The case was sparked by an appeal from Carmel-based TC Heartland LLC.
Ford ousts CEO, taps head of autonomous-vehicle unit as successor
The departure of Mark Fields comes amid sharp criticism of Ford's strategy by shareholders, and a more than 30 percent plunge in the company's stock price during his tenure.
Pence takes steps to build war chest amid White House controversy
Indiana's former governor launched Great America Committee, a leadership PAC, a move that will enable him to channel money to congressional Republicans ahead of the 2018 midterm elections.
Sears CEO lashes out at suppliers trying to ‘take advantage’
Sears Holdings Corp. CEO Eddie Lampert vowed to fight back against suppliers trying to take advantage of his company, saying that “dire predictions” about the struggling retailer’s future have hurt its position with vendors.
Few victims paying hackers because of difficulty using bitcoin
An unprecedented cyberattack swept across the globe over the weekend, but so far the majority of victims haven’t paid hackers a ransom.
High court backs bids to collect outdated debt in bankruptcy
A divided U.S. Supreme Court has ruled that debt collectors can use bankruptcy proceedings to try to collect liabilities that are so old the statute of limitations has expired.