AGs sue to block Albertsons’ $4B payout over Kroger deal
The lawsuit asks the court to block the payment until the attorneys general have reviewed Albertsons’ proposed merger with Kroger Co.
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Musk: People banned from Twitter won’t be restored for weeks
Elon Musk said Wednesday that Twitter will not allow anyone who has been kicked off the site to return until it sets up procedures on how to do that, a process that will take at least a few weeks.
Fed unleashes another big rate increase, but hints at smaller hikes
The Federal Reserve on Wednesday raised its key short-term interest rate to a range of 3.75% to 4%, its highest level in 15 years.
Car loan rates head for 14-year high in new barrier for buyers
The average annual percentage rate on new-car loans was 6.3% last month, the highest since April 2019, according to Edmunds.
Morning anchor Carlos Diaz announces plans to leave WTHR-TV
Indiana University and Greenwood High School alum Diaz plans to wrap up TV news career that included a six-year stint at Channel 13.
Marian University launches $500M fundraising campaign
The school says the campaign, titled “Journey to 2030: Always Forward,” had already raised $240 million prior to the public launch last week.
Franciscan Health nurse pleads guilty to tampering with pain meds
Jennifer L. Adams administered saline solutions instead of prescribed pain medication to between 30 and 40 patients, the court documents said.
Carmel-based KAR announces 300-plus job cuts amid belt-tightening moves
Eliminating the back-office jobs in the U.S. and Canada and moving the functions overseas is expected to result in cost savings of more than $10 million per year, according to the auto auction firm.
Used-car dealer Byrider cutting 43 employees at its Carmel HQ
The list of employees being eliminated includes personnel in management, finance, facilities, recruitment, marketing, technology and strategy.
CVS, Walgreens announce opioid settlements totaling $10B
The developments amount to what could be the last round of huge settlements after years of litigation over the drug industry’s role in an overdose crisis that has been linked to more than 500,000 U.S. deaths over the past two decades.
Political spat over responsible investing gets hotter
The political fight is only getting fiercer over whether it’s financially wise or “woke” folly to consider a company’s impact on climate change, workers’ rights and other issues when making investments.
Powell likely to be pressed on how soon Fed will slow hikes
Looming over the Federal Reserve meeting that ends Wednesday is a question of intense interest: Just how high will the Fed’s inflation-fighters raise interest rates—and might they slow their rate hikes as soon as next month?
Musk emerging as Twitter’s chief moderator ahead of midterms
Days after taking over Twitter and a week before the U.S. midterm elections, billionaire Elon Musk has positioned himself as moderator-in-chief of one of the most important social media platforms in American politics.
United pilots reject contract offer as they push for raises
The Air Line Pilots Association said Tuesday that 94% of the nearly 10,000 United pilots who took part voted against a tentative agreement that the union and United reached in June.
Hobby learning tech company planning to add 300 jobs
Indianapolis-based Combined Curiosity LLC said it will be filling technology and data analytics positions for its expanding learning platform.
Lilly shares stumble on lower profit outlook despite solid quarter
Eli Lilly stock has skyrocketed 36% in the past 52 weeks due to strong sales on newer drugs, but the market reacted negatively to its latest forecast.
Indiana bolsters its rainy day fund, but trails national median
States’ finances recovered more quickly than anticipated after the sharp dip in early 2020 due to the pandemic, bolstered by higher-than-anticipated tax revenues.
Reich fires offensive coordinator as Colts keep sputtering
Indianapolis’ offense is ranked No. 18 in total yards and has struggled to run the ball most of the season.
U.S. manufacturing nears stagnation as price gauge hits 2-year low
Ten manufacturing industries reported a contraction in October, led by furniture, wood products, paper products and textiles. Eight industries expanded.
TWG planning apartments on former bakery site east of downtown
TWG Development expects to spend $56.5 million to build Bakery Living, a six-story, 201-unit apartment project at 1331 E. Washington St., just east of its redevelopment of a Ford Motor Co. assembly plant.