Eli Lilly and Co. is in the process of separating the manufacturing of its animal health drugs from the facilities used to make its traditional pharmaceuticals, a move that potentially could make it easier to spin off the division one day.
The purchase price of $92 a share is 78 percent higher than the company’s closing price on Friday. The premium would be the largest in beverage-industry history for any deal above $5 billion.
A strong dollar and weaker global growth caused exports to slump to the lowest level in three years, one reason why American manufacturers are struggling.
Frontier Airlines Inc.—a no-frills carrier that was sold off by Indianapolis-based Republic Airways Holdings Inc. two years ago is considering starting a formal IPO process as early as next year.
Subway Restaurants has given Coca-Cola Co. veteran Joseph Tripodi the job of burnishing the brand after the death of the company’s co-founder and a child-pornography scandal involving former spokesman Jared Fogle.
UnitedHealth Group Inc. should have stayed out of Obamacare’s new individual markets longer, the CEO of the health insurer said Tuesday. The company expects losses from the plans this year and next to total more than a half-billion dollars.
The EPA’s rule could revive a congressional debate over the Renewable Fuel Standard and spill over into the presidential campaign, as candidates stump in Iowa and other corn-belt states.
To reduce turbulence in Obamacare’s fledgling insurance markets, the Obama administration’s top health official is pushing to get more information to consumers about what they’ll actually pay for health care.
Former Indianapolis Colts player Dwight Freeney can proceed with his lawsuit alleging that Bank of America Corp. was complicit in a fraud scheme that caused him to lose more than $20 million, a judge ruled.
Federal Reserve Bank of St. Louis President James Bullard said the Fed is “going to return to an era where there is a bit more uncertainty about what the committee is going to do, meeting to meeting.”
Anthem Inc. and Aetna Inc. are on the hot seat now that UnitedHealth Group Inc. appears unlikely to linger as a seller on the Affordable Care Act’s government-run markets.
Accelerating increases in auto loan debt and mortgage credit helped propel total borrowings of U.S. households to the highest level since the first quarter of 2010, the Federal Reserve Bank of New York said Thursday.
One in five Americans in November said the economy is improving, matching the smallest share in two years.
Insurer UnitedHealth Group, which has 28,000 Obamacare customers in Indiana, said it might quit selling plans under the Affordable Care Act. Thursday’s announcement took a toll on health insurance stocks, including Anthem’s.
U.S. District Judge Tanya Walton Pratt on Thursday sentenced Jared Fogle to more federal prison time than prosecutors requested after testimony detailing the former Subway pitchman’s penchant for pornography, prostitutes and prepubescent girls.
Federal Reserve officials talked up recent data on the U.S. economy and said it reinforced the case for soon raising interest rates.
Both retailers are investing heavily in e-commerce operations, but the deceleration in online sales growth underscores the challenge of competing with Amazon.com, the world’s largest Internet retailer.
In a vote Tuesday, the American Medical Association called for an end to television commercials and magazine spreads that are used to pitch prescription drugs directly to consumers.
The number of prescriptions for Addyi, the women’s libido-boosting pill, in its first few weeks? 227.
Assistant Attorney General William Baer said that consumer choice is a bigger priority than health companies’ desire to add market share and gain leverage over providers like hospitals.
