JetBlue agrees to buy Spirit for $3.8 billion
The agreement would create the nation’s fifth-largest airline, with a fleet of 458 aircraft.
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Ex-congressman from Indiana gets bail in stock fraud case
U.S. District Judge Richard M. Berman in Manhattan also ordered Stephen Buyer of Noblesville to stay in the continental United States while four counts of securities fraud are pending against him.
With Frontier deal dead, Spirit ponders sale to JetBlue
Spirit Airlines and Frontier Airlines agreed Wednesday to abandon their merger proposal, opening the way for JetBlue Airways to acquire Spirit after a months-long bidding war for the budget carrier.
U.S. Senate passes bill to boost computer chip production in United States
Indiana Gov. Eric Holcomb praised the Senate’s vote in a written statement. Holcomb and state economic development leaders are rooting for the bill because the state would like to tap federal funding to land a $1.8 billion semiconductor plant at Purdue University.
Fed unleashes another big rate hike in bid to curb inflation
The Fed is tightening credit even while the economy has begun to slow, thereby heightening the risk that its rate hikes will cause a recession later this year or next.
Ganassi sues IndyCar champion Alex Palou over contract dispute
Chip Ganassi Racing filed a civil lawsuit in Marion County against the Spanish driver who is attempting to leave the team at the end of the season.
Fed set to impose another big rate hike to fight inflation
When it ends its latest policy meeting Wednesday afternoon, the Fed is expected to impose a second consecutive three-quarter-point hike in its benchmark interest rate, raising it to a range of 2.25% to 2.5%.
New studies bolster theory coronavirus emerged from the wild
The research, published online Tuesday by the journal Science, shows that the Huanan Seafood Wholesale Market was likely the early epicenter of the scourge that has now killed nearly 6.4 million people around the world.
Republican AGs sue U.S. agency over LGBTQ school guidance
More than 20 Republican attorneys general filed a lawsuit Tuesday against President Joe Biden’s administration over a school meal program that prohibits discrimination based on sexual orientation and gender identity.
Former Vice President Pence to release memoir in November
The book will recount Mike Pence’s journey from his Indiana youth to the vice presidency, with stops in the House of Representatives and governor’s mansion in between, according to publisher Simon & Schuster.
Bold, aggressive Big Ten Conference leaves door open for more expansion
Big Ten Conference Commissioner Kevin Warren talked Tuesday about the conference being bold and aggressive as college sports goes through a period of sweeping change.
Watched closely in Indiana, bill to boost semiconductor industry passes key Senate test
Indiana economic development leaders have been hoping for passage of the bill because the state would like to tap federal funding to land a $1.8 billion semiconductor plant at Purdue University.
Consumer goods giant Unilever hikes prices for products but expects strong sales
Unilever, which owns 400 consumer brands ranging from Ben & Jerry’s ice cream to Dove skin care, raised prices by more than 11% between April and June as inflation surged around the world.
Consumer confidence slides for third straight month in July
The Conference Board said Tuesday that its consumer confidence index fell largely due to consumer anxiety over the current economic conditions, particularly four-decade high inflation.
Indiana abortion debate draws protest crowds as legislative hearings continue
Thousands of people arguing the abortion issue surrounded the Indiana Statehouse and filled its corridors Monday as state lawmakers began consideration of a Republican proposal to ban nearly all abortions in the state.
Biden pushes computer chips legislation in advance of Senate vote
The bill is being closely watched in Indiana, where manufacturers, research universities and economic development officials are rooting for its passage.
Walmart cuts profit outlook as shoppers adapt to inflation
Walmart’s move to lower its profit outlook in the middle of the quarter is rare and raised worries about how inflation, the highest in 40 years, is affecting the entire consumer sector.
Rents spike as big-pocketed investors buy mobile home parks
Driven by some of the strongest returns in real estate, investors have shaken up a once-sleepy sector that’s home to more than 22 million mostly low-income Americans in 43,000 communities.
UPDATE: Ex-U.S. congressman Buyer among 9 charged in insider trading cases
Stephen Buyer is accused in court papers of engaging in insider trading during a merger of T-Mobile and Sprint, among other deals. It said he leveraged his work as a consultant and lobbyist to make illegal profits.
Feds sue poultry producers, alleging unfair worker practices
In its lawsuit, the Justice Department alleges the companies have been engaged in a multiyear conspiracy to exchange information about the wages and benefits of workers at poultry processing plants to drive down employee competition in the marketplace.