McLaren to return to full-time IndyCar racing in 2020
The England-based company plans to return to full-time IndyCar competition next season for the first time since 1979 in a partnership with existing team Arrow Schmidt Peterson Motorsports.
Associated Press
Articles
Trump calls on Federal Reserve to make ‘substantial’ rate cuts
President Trump said that the Fed’s high level of interest rates in comparison to other countries was keeping the dollar too strong and making it more difficult for U.S. manufacturers to compete.
New USA Gymnastics president points to ‘positive trajectory’
Li Li Leung said she has spoken with more than 400 members of the gymnastics community—including Larry Nassar victims—in an attempt to create an open dialogue about what USA Gymnastics needs to become if it wants to survive.
Largest U.S. immigration raids in a decade net 680 arrests
The companies involved could be charged with knowingly hiring workers who are in the county illegally and will be scrutinized for tax, document and wage fraud.
NCAA’s agent certification process draws concern, criticism
The measures—which now include requiring agents to have a bachelor’s degree—have been criticized by an attorney who has worked on numerous NCAA eligibility cases, at least one agent and NBA All-Star LeBron James, among others.
Indiana coal mine with 120 workers to close this fall
The company said it’s working with the affected employees “to identify comparable employment opportunities at four locations in Indiana and Illinois.
Walgreens to shut 200 U.S. stores as part of cost-cutting plan
The Deerfield, Illinois-based company operates more than 18,000 stores worldwide, including 55 or so in the Indianapolis area.
Boom in overdose-reversing drug tied to fewer drug deaths
Prescriptions of the overdose-reversing drug naloxone are soaring, and experts say that could be a reason overdose deaths have stopped rising for the first time in nearly three decades.
U.S. stocks claw back lost ground as China stabilizes currency
Technology stocks led the gains in a reversal of Monday’s slump, when they bore the brunt of the market sell-off that pushed U.S. indexes 3% lower.
Brebeuf appealing archdiocese decision to no longer recognize school as Catholic
A Jesuit high school that the Indianapolis Archdiocese no longer recognizes as Catholic because it refused to fire a teacher in a same-sex marriage said it is appealing that decision to the Vatican.
Stocks suffer worst drop of the year after China counters tariffs with cheaper currency
Major stock indexes dropped dramatically on Wall Street on Monday, their worst loss of the year, after China countered President Donald Trump’s latest tariff threat by letting its currency weaken to the lowest level in more than 10 years.
GateHouse buying Indianapolis Star parent Gannett for $1.4B
Two of the country’s largest newspaper companies have agreed to combine in the latest media deal driven by the industry’s struggles with a decline in printed newspaper sales.
U.S. stock indexes slide as China’s currency hits 11-year low
U.S. stocks nosedived in morning trading Monday as China’s currency fell sharply and stoked fears that the trade war between the world’s two largest economies would continue escalating.
Indiana casinos looking for jump on Midwest sports betting
Indiana casinos are racing ahead with preparations to launch legalized sports betting in early September, looking to seize an advantage over competitors in Chicago and other nearby large markets where such wagers aren’t yet allowed.
July U.S. jobs report shows solid gains amid trade frictions
U.S. employers slowed their hiring in July, but added a still-healthy number of jobs. Average hourly earnings increased 3.2% from a year ago, up from annual gains of 3% in June.
Trump says he’ll put 10% tariffs on remaining China imports
President Donald Trump intensified pressure on China to reach a trade deal by saying he will impose 10% tariffs Sept. 1 on the remaining $300 billion in Chinese imports he hasn’t already taxed. The move immediately sent stock prices sinking.
NCAA unveils new enforcement arm with outside investigators
Creating a new process for dealing with some high-profile infractions cases was one of several recommendations made last year by the Rice Commission on college basketball.
Anderson buys historic theater after failed renovations
Mayor Thomas Broderick Jr. said the price was reasonable and the theater could be tied into redevelopment efforts in the city.
IndyCar to use hybrid technology to boost horsepower, safety
The addition of the hybrid powertrain will delay the debut of IndyCar’s new engine from 2021 to 2022, realigning it with the arrival of the next chassis.
Indiana gets $17M in latest round of U.S. airport grants
The latest round of airport infrastructure grants includes $4.74 million to Indianapolis International Airport for taxiway and apron rehabilitation and security enhancements.