Sears limps into holiday shopping season that could be its last
Many of the stores that remain in the ever-shrinking Sears chain have the same old problems. They’re grungy and understaffed, poorly stocked and losing vendors.
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Trump’s U.S.-Japan trade deal wins Japan parliament approval
When the trade deal was reached in September, Trump said it would mean opening Japan’s market to about $7 billion in U.S. farm goods, with tariffs lowered or scrapped on American beef, pork, wheat, cheese, corn and wine.
Indiana hopes to extend health insurance program to 2030
Indiana plans to seek federal approval to continue a health insurance program that covers about 418,000 low-income residents amid a pending lawsuit that could eliminate nearly all of the program’s funding.
Surge of new abuse claims threatens church like never before
Across the country, attorneys are scrambling to file a new wave of lawsuits alleging sexual abuse by Catholic clergy, thanks to rules enacted in 15 states that extend or suspend the statute of limitations to allow claims stretching back decades.
Sen. Rand Paul offers bill to combat student loan debt with retirement savings
The Kentucky Republican introduced federal legislation late Monday that would allow students to dip into retirement accounts to help pay for college or make monthly debt payments.
Stocks dive after Trump says trade deal with China could wait
President Trump said he has “no deadline” for a deal and didn’t mind waiting until after the election next year to make one. Investors had been hoping for a deal this year, or at least enough progress to stave off new U.S. tariffs on Chinese goods scheduled to start Dec. 15.
UAW bolsters financial controls after embezzlement scandal
The United Auto Workers union has replaced its auditing firm, added four internal auditors and hired a big accounting firm to study its financial controls in an effort to prevent a repeat of the embezzlement and bribery discovered in a federal probe of the union.
Trump imposes tariffs on steel, aluminum from Argentina, Brazil
The president on Monday accused the countries of hurting American farmers through currency manipulation and said he’d restore metal tariffs to retaliate.
Republicans set to pick Indiana House speaker successor
The private vote Monday afternoon among House Republicans comes after longtime House Speaker Brian Bosma announced two weeks ago that he would retire after the 2020 legislative session.
Merry Clickmas: Black Friday online sales hit record $7.4B
In-store sales slipped, but sales by people who bought things online and then headed to the store to pick them up surged 43.2% on Black Friday, according to Adobe Analytics.
Fiat Chrysler, auto union reach tentative deal on contract
The United Auto Workers and Fiat Chrysler reached a tentative agreement Saturday on a new four-year contract that includes a total of $9 billion in investments but still needs final approval from workers.
Nine TV stations across five states to be sold for $59.2M
Standard Media Group of Nashville, Tennessee, said it will buy stations in Arkansas, Indiana, Mississippi, New York and Tennessee.
Indy native Ruckelshaus, who defied Nixon in Watergate firing, dies
William Doyle Ruckelshaus was born in 1932 in Indianapolis to a line of politically active lawyers. He spent his early legal career in the city and became a state political leader in the 1960s.
Third-quarter GDP revised upward on higher-than-estimated biz spending
The July-September growth rate in the gross domestic product, the economy’s total output of goods and services, exceeded the Commerce Department’s initial estimate of a 1.9% annual rate.
Probe of police shooting could revive scrutiny of Buttigieg
Controversy involving the deadly shooting of an African-American man by a white police officer this summer in South Bend could resurface just as voters begin deciding whether Pete Buttigieg should be the Democratic nominee for president.
China says trade envoys agree on phone to continue talks
Top Chinese and U.S. trade negotiators agreed to continue to work toward a preliminary agreement for resolving their tariff war, the Chinese Commerce Ministry said Tuesday.
Pelosi urges administration to put trade changes in writing
House Speaker Nancy Pelosi said Monday that Democratic lawmakers are “within range of a substantially improved” trade agreement with Canada and Mexico, but that they need to see progress made in negotiations put into writing by U.S. Trade Representative Robert Lighthizer for “final review.”
Powell: Solid economy with tame inflation allows low rates
Federal Reserve Chairman Jerome Powell on Monday sketched an optimistic view of the economy but signaled that continued low inflation means higher interest rates won’t likely be necessary anytime soon. Powell said that even with unemployment near a 50-year low of 3.6%, there’s still “plenty of room” for wages to rise and for more Americans […]
Louis Vuitton maker to buy Tiffany & Co. for $16.2 billion
The offer comes as luxury goods companies have been wrestling with changing habits of shoppers who are increasingly buying online.
Complexity of Indiana school funding complicates teacher pay debate
Top Republicans touted “record investment” in school spending in defending themselves as thousands of teachers turned out for a Statehouse rally this past week calling for a bigger boost in education funding. But it’s not that simple.