Savvy college students sabotaging textbook profit model
College kids have been studying smarter—and cheaper—threatening the textbook industry’s high prices.
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UPDATE: Republic’s future unclear after pilots union spurns vote
Republic Airways Holdings Inc. could be facing bankruptcy after a pilots union recommended against allowing members to vote on the carrier’s latest and possibly final contract offer. Company shares fell 37 percent Wednesday.
Lilly wins patent ruling over blockbuster drug Alimta
Eli Lilly and Co. won a court ruling that will keep generic versions of the chemotherapy drug Alimta off the U.S. market until a patent expires in 2022.
Carmel-based Heartland acquires Splenda, plans expansion
Heartland Food Products Group announced Tuesday that it plans to acquire low-calorie sweetener brand Splenda, creating the need for a major expansion at its Indianapolis-area operations.
U.S. stocks surge after China cuts interest rates
Stocks surged Tuesday morning on Wall Street, erasing some of the heavy losses of a day earlier, after China cut interest rates to try to boost the world's second-largest economy.
Republic warns of Chapter 11 option if pilots reject contract
Republic Airways Holdings Inc., struggling with a pilot shortage as it works to reach a new contract, said the company may have to seek bankruptcy protection if its latest labor proposal fails.
Lilly shares jump after positive study of diabetes drug
Lilly’s stock had its biggest intraday gain since 2009 Thursday after it announced trial results that showed Jardiance lowered the risk of heart attacks, stroke and death in a large trial of adults with type 2 diabetes.
Steelmakers seek protection from hot-rolled imports
U.S. Steel, Nucor are among the companies that say steel imports are sold at unfairly low prices that make it difficult to compete.
U.S. stocks hit hard by China’s faltering economy
The Standard & Poor’s 500 index sank 1.4 percent Wednesday morning, giving it the worst two-day retreat since January and erasing its gain for 2015.
U.S. openings decrease from record as hiring picks up
The data signal employers are filling the vacancies they currently have before posting more, as they also wait for more evidence that the U.S. can weather any weakness that ripples from financial shocks abroad.
Eli Lilly wins first trial over antidepressant ‘brain zaps’
A jury found Lilly isn't liable for withdrawal symptoms experienced by a woman who quit the antidepressant Cymbalta. The verdict may give the drugmaker leverage in fending off more than 5,000 other lawsuits over the drug.
Unemployment rate holds steady as U.S. adds 215K jobs
Employers added 215,000 jobs in July and the unemployment rate held at a seven-year low of 5.3 percent, possible signs of further progress in the U.S. labor market that’s keeping the Federal Reserve on the path toward raising interest rates as soon as next month.
Lilly accused at trial of hiding Cymbalta ‘brain zap’ risk
The drugmaker faces as many as 5,000 cases claiming it downplayed Cymbalta’s withdrawal risks, which allegedly include electrical-shock sensations, vomiting and insomnia.
Indiana, other coal states vow not to cooperate with emission regs
Mike Pence joined a chorus of other Republican governors in vowing full-scale resistance, including outright defiance, of President Obama’s curbs on greenhouse-gas emissions from power plants.
Evansville’s Berry Plastics diversifies with $2.45B buy
Berry's purchase of Avintiv is the latest in a string of deals in the fast-consolidating packaging industry.
Health spending to gobble up more of U.S. economy
Payments for hospitals, doctors, drugs and insurance will rise by about 5.8 percent a year through 2024—1.1 percentage points faster than overall economic growth, actuaries at the Centers for Medicare and Medicaid Services said Tuesday in an annual study.
Global Logistic moves past Duke with $4.55B acquisition
Global Logistic Properties Ltd. agreed to buy more than 200 warehouses from Industrial Income Trust Inc. in a deal that will make it the second-largest owner of U.S. industrial real estate, ahead of Indianapolis-based Duke Realty Corp.
UPDATE: Brady ban upheld as NFL seeks order affirming decision
The National Football League is poised for a legal battle with one of its most popular stars after Commissioner Roger Goodell upheld the four-game suspension of New England Patriots quarterback Tom Brady for conduct detrimental to the integrity of the league.
Anthem gets $26.5B funding commitment for Cigna takeover
Anthem Inc.’s bid to become the largest health insurer in history is setting up one of the biggest debt offerings backing a takeover.
Clock ticking for decision on landmark insider-trading ruling
Time is running out for the United States to ask the Supreme Court to review a ruling that could lay the framework for how insider trading will be prosecuted for years to come.