Republic Airways makes $2.1B order for 50 jets
Indianapolis-based Republic will take 50 of Embraer’s current-version E175 aircraft and fly them for United Airlines under the United Express brand, the companies said Wednesday.
Bloomberg News
Articles
FDA set to review testosterone-boosting drug usage
Testosterone supplements used last year by about 2.3 million men are spurring debates over how necessary and safe they may be, even as U.S. regulators consider approving a new product.
Lilly to pay AstraZeneca up to $500M in Alzheimer’s push
The two companies will work together to develop AZD3293, which belongs to a novel class of drugs called BACE inhibitors that block production of amyloid, a protein that causes plaque to build up in the brain of Alzheimer’s patients.
Simon Property CEO says ‘no deal’ in Australia after report
The Australian reported that Indianapolis-based Simon may bid for CFS Retail, potentially keeping CFS’s premium shopping centers and selling second-tier properties.
Renault teams with Bollore to promote electric cars
Renault SA is teaming up with French billionaire Vincent Bollore to make electric cars as the two struggle to establish a market for the emission-free vehicles, including one in Indianapolis.
Apple reveals iPhones with larger screens, smartwatch
Apple unveiled a smartwatch on Tuesday, a wearable device that marks the company's first major entry in a new product category since the iPad's debut in 2010.
Obamacare tax rule that split appeals courts gets rehearing
The full U.S. Court of Appeals will rehear a case on Obamacare tax subsidies, granting a government request in a move that may reduce chances of a new Supreme Court showdown over a central part of the law.
Lilly, partner lose appeal to overturn $9 billion Actos court award
Takeda Pharmaceutical Co. and Eli Lilly and Co. lost a bid to have a judge throw out a combined $9 billion punitive-damage award over claims the drugmakers hid the cancer risks of their Actos diabetes medicine.
U.S. farm income seen falling from record 2013 levels
Lower prices for corn and soybeans will drive the profits of U.S. farmers down to an estimated $113.2 billion in 2014, a decline of 14 percent from last year’s record, according to the Department of Agriculture.
Indiana, Wisconsin join rush for same-sex marriage review
Amid the rush for U.S. Supreme Court review of gay-marriage bans, Indiana and Wisconsin are set to ask a federal appeals court on Tuesday to declare their laws barring such unions constitutional.
New U.S. homes sales fall unexpectedly to 4-month low
Sales declined 2.4 percent in July, to a 412,000 annualized pace, the fewest since March and weaker than economist predictions.
U.S. farmers may grow more corn than they can handle
From Ohio to Nebraska, corn and soybean output is expected to be even higher than the record amounts predicted earlier this year.
Lilly among those eyeing antibiotic maker Cubist, analyst says
The rising threat from drug-resistant germs and increasing calls from global health groups for more potent antibiotics is placing a premium on companies such as Cubist. The $4.8 billion drug developer is preparing to introduce four new medicines by 2020.
NCAA quarterly lobbying costs surge during legal fight
The National Collegiate Athletic Association spent more on congressional lobbying from April to June than it did in the previous three quarters combined, as it fought lawsuits challenging its structure.
Mainstreet’s Turner to sell REIT in $2.3B deal
HealthLease Properties REIT, which is led by Mainstreet Property’s Zeke Turner, will be sold to Ohio-based Health Care REIT Inc., along with 17 projects Mainstreet has under construction. The deal includes 45 future projects.
Indiana challenge to Obamacare tax-credit rule can go forward
U.S. District Judge William T. Lawrence in Indianapolis on Tuesday denied an IRS bid to dismiss that portion of the state’s 2013 lawsuit, in which it claimed the rule illegally conflicts with a provision of the federal law.
NCAA decision paves way for more aid to athletes
The changes may further increase the wealth gap between the 65 schools in the top five conferences and the rest of the Indianapolis-based NCAA’s roughly 350 Division I members.
ITT Educational scrutiny spreads to college’s lenders
For-profit college ITT Educational Services Inc., already under pressure from the U.S. Education Department, is facing stricter terms from lenders that could put its operations at risk.
UPDATE: Indy Star owner to break into two companies
McLean, Virginia-based Gannett is the latest in a string of media companies to break off print from faster-growing media businesses, including broadcast TV.
Pacers’ NBA title odds plunge after George’s broken leg
The Pacers were among the favorites to challenge for the Eastern Conference title this season. That was before Paul George tried to block a layup during a Team USA scrimmage three days ago and broke his right leg in multiple places.