Teacher gun training program clears Indiana Senate
The state Senate voted 42-7 Tuesday in favor of the bill that specifies a 40-hour training program for teachers volunteering to be armed, followed by 16 hours of additional training each year.
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Senator drops push to force Indiana marijuana prosecutions
The proposal followed the Indianapolis prosecutor’s new policy of not pressing charges for possessing small amounts of marijuana.
Macy’s to close 125 stores, shed 2,000 corporate jobs
Macy’s said Tuesday it is closing 125 of its least productive stores and cutting 2,000 corporate jobs as the struggling department store tries to reinvent itself in the age of online shopping. The store closures represent about one-fifth of Macy’s current total. They include about 30 that are in the process of closing and account […]
Tech companies lead U.S. stock rally following global gains
Technology companies and banks led a broad rally for U.S. stocks in midday trading Tuesday following solid gains overseas as China took more steps to soften the financial impact of the virus outbreak.
Clock ticking for companies that depend on China imports
If much of industrial China remains on lockdown for the next few weeks, Western retailers, auto companies and manufacturers that depend on Chinese imports will start to run out of the goods they depend on.
Simon Property’s fourth-quarter performance exceeds expectations
The Indianapolis-based shopping mall giant topped analyst predictions for funds from operations and revenue in the latest quarter.
Tough start for Democrats: Big delay for leadoff Iowa caucus results
The Iowa Democratic Party said Monday night that results from the state’s first-in-the-nation caucus were greatly delayed due to “quality checks” and new reporting rules, an embarrassing complication that added a new layer of doubt to an already uncertain presidential primary season.
Report: First month of Illinois pot sales netted nearly $40M
Despite shortages, Illinois residents bought more than $30.6 million in January, while out-of-state visitor sales totaled $8.6 million. Dispensaries sold more than 970,000 products.
Indiana push for pregnant worker protections gets sidelined
The proposal faced opposition from some business groups, including the Indiana Chamber of Commerce and the Indiana Manufacturers Association.
Stocks rise on Wall Street, but China’s main market dives
Technology companies led U.S. stocks higher in midday trading Monday as global markets mostly calmed down following a sharp sell-off last week over worries about the spreading virus outbreak in China.
UPDATE: Simon, partners bid $81 million for bankrupt Forever 21 chain
The deal is the latest evidence of Simon’s willingness to step into an ownership role to rescue mall chains that overexpanded and made other blunders as the internet roiled the fashion-retailing industry.
Survey: U.S. factories expand for first time since July
New orders, production and export orders all grew last month. Factory hiring dropped for the sixth straight month but at a slower pace than it did in December.
Billionaire Bloomberg proposes tax plan aimed at wealthy
Billionaire Democratic presidential candidate Mike Bloomberg is unveiling a tax plan that would target the richest Americans—increasing rates on capital gains and corporate gains as well as introducing a new 5% surtax on incomes above $5 million.
China readies cushion for virus shock when markets re-open
China’s central bank announced plans Sunday to inject 1.2 trillion yuan (about $173 billion) into the economy to cushion the shock to financial markets from the outbreak of the new virus when trading resumes Monday.
Delta, American Airlines suspend flights between U.S., China
Delta Air Lines and American Airlines are the first U.S.-based airlines to do so and join several international carriers that have stopped flying to China as the coronavirus outbreak continues to spread.
Amazon’s latest milestone: 150 million Prime members
The staggering number of Prime members is sure to spook other retailers. Analysts have said Prime subscribers typically spend more of their money at Amazon than other places.
U.S. worker compensation growth slowed a bit in 2019
Americans’ pay and benefits rose at a solid pace last year, but at a slightly slower rate than in 2018, the Labor Department said Friday.
Nassar victims offered $215M settlement by USA Gymnastics
Indianapolis-based USA Gymnastics has filed a bankruptcy plan that includes an offer of $215 million in insurance funds for sexual abuse victims to settle their claims against the embattled organization.
Companies with China ties start to feel virus impact
The dangerous virus spreading through China threatens a wide range of industries with ties to the world’s second largest economy.
U.S. advises against travel to China; virus declared emergency
The United Nations health agency defines an international emergency as an “extraordinary event” that constitutes a risk to other countries and requires a coordinated international response.