U.S. Steel expects 150 layoffs by idling Indiana plant
The Pittsburgh-based company says the East Chicago plant was underutilized because low-priced imports have captured roughly half of the U.S. tin products market.
Associated Press
Articles
Powell says Fed will aid economy but gives no clear hint on rates
Federal Reserve Chairman Jerome Powell had barely finished speaking to central bankers in Jackson Hole, Wyoming, before President Donald Trump escalated his attacks on the Fed, which he has repeatedly accused of keeping rates too high.
Trump vows response as China plans tariffs on $75B in U.S. goods
President Donald Trump on Friday called on U.S. companies with operations in China to consider an alternative place to do business after Beijing announced a series of retaliatory tariffs Friday.
Fans choose sides in the ‘Chicken Sandwich War’ of our time
A nation already polarized finds itself divided once again, but this time politics isn’t at the heart of it: The blame lies squarely on a fried piece of poultry.
Investors hope Federal Reserve leader’s speech offers clarity
Against the backdrop of a vulnerable economy, Federal Reserve Chairman Jerome Powell takes center stage Friday with the financial world seeking information on whether last month’s first Fed rate cut in a decade likely marked the start of a period of easier credit.
Ethanol producer blames Indiana plant closure on EPA
The owner of a western Indiana ethanol plant is blaming its shutdown on the Trump administration’s decision to allow some refineries to not blend ethanol with gasoline as required under federal law.
Trump drops tax cut idea, citing ‘strong economy’
President Donald Trump also knocked down the idea of indexing to the capital gains tax, which applies when investors sell assets, to inflation.
Pence keeps up pressure for trade deal with Mexico, Canada
Vice President Mike Pence took his pitch on Wednesday to voters in a congressional swing district in southern New Mexico.
Steel dust recycling project on brownfield site dropped amid opposition
The canceled development was a joint venture between Indianapolis-based Heritage Environmental and Monterrey, Mexico-based Zinc Nacional, which had said the project planned for the site of a former BorgWarner automotive factory would have created up to 90 jobs over several years.
Beijing appeals to U.S. to ‘meet China halfway’ on trade talks
Beijing expressed hope that Washington can end a tariff war after President Donald Trump said Americans might need to endure economic pain to achieve longer-term benefits.
U.S. moves toward agreement on Mexican tomatoes
The U.S. Department of Commerce said the deal with benefit tomato producers across America, including those in Florida, Indiana, Texas and Arizona.
State panel gives Indiana’s chief justice new 5-year term
The Judicial Nominating Commission voted unanimously Wednesday to reappoint Chief Justice Loretta Rush to the position she’s held since 2014.
Target has big quarter amid intense retail environment
Target topped expectations in just about any measurable way during the second quarter. The retailer’s stock rose 18 percent Wednesday morning.
Trump acknowledges China policies could mean U.S. economic pain
President Donald Trump said Tuesday his aggressive China trade policies might mean economic pain for Americans but insisted they’re needed for more important long-term benefits.
Department stores making room for used fashion as resale becomes mainstream
The moves mark the most dramatic evidence of how resale is becoming so mainstream that traditional sellers can no longer ignore it.
Utility seeks to charge Indiana customers for coal ash removal
Although the petition doesn’t say how much the utility will seek from customers, a Vectren spokeswoman said the project will cost $164 million.
Brand-name drug prices rising at slower pace, lower amounts
After years of frequent list price hikes, many drugmakers are showing some restraint, according to the analysis of drug prices.
Top U.S. CEOs rethink meaning of shareholder value
The Business Roundtable, a group that represents the most powerful CEOs in America, has released new principles on the role of a corporation that imply a foundational shift.
IU approves new art school based on modernist’s unbuilt design
The new home of Indiana University’s art school in Bloomington will be modeled after an unbuilt fraternity house a famed modernist architect designed in the 1950s.
Economists survey: 74% expect U.S. recession by end of 2021
The economists surveyed were skeptical about prospects for success of the latest round of U.S.-China trade negotiations. Only 5% predicted that a comprehensive trade deal would result.