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.
Associated Press
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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.
Indianapolis Fire Department suspends lawmaker facing charges
The department said Friday that Indiana Rep. Dan Forestal, D-Indianapolis, has been suspended for 240 duty hours and remanded to an employee assistance program.
Indiana lawmaker under fire for posting noose picture
A state representative who posted nooses under a Facebook story about a black man pleading guilty to rape is drawing criticism for using racist imagery.
A heavy lift: Religious black voters weigh Buttigieg’s bid
Pete Buttigieg also has offered a broad policy agenda for African Americans and has been outspoken on the issue of race. But he consistently polls in the low single digits among black voters.
Weak global growth likely to mean U.S. slowdown, not recession
Most analysts expect the U.S. economy to power through the rough patch, at least in the coming months, on the strength of solid consumer spending and a resilient job market.
U.S. retail sales rise strongly in sign of consumer optimism
Online retailers, grocery stores, clothing retailers and electronics and appliance stores all reported strong gains.
Purdue lands $10M grant for new food safety laboratory
The funding from the United States Agency for International Development will go toward Purdue’s new Feed the Future Innovation Lab for Food Safety.
Woman who sued Indiana Guard leader criticizes retirement
A woman says she’s upset that the Indiana National Guard’s leader was allowed to retire just days after she filed a lawsuit accusing him retaliating against her for reporting his alleged affair with a subordinate.
Crown Hill Cemetery objects to Dillinger exhumation plans
The Indianapolis cemetery where 1930s gangster John Dillinger is buried is objecting to his body’s planned exhumation as part of a television documentary.
Analysis: Is U.S. economy nearing a recession?
For now, most economic signs appear solid. Employers are adding jobs at a steady pace, the unemployment rate remains near a 50-year low and consumers are optimistic.
Major stock indexes fall 3% after indicator warns of possible recession
The yield on the 10-year Treasury briefly dropped below the two-year Treasury’s yield Wednesday morning for the first time since 2007. The so-called inversion has correctly predicted many past recessions.
Administration takes step to relax trucker drive-time rules
The move has been long sought by the trucking industry but opposed by safety advocates who warn it could lead to more highway crashes.
Amazon hiring 1,000-plus workers for Greenwood facility
The site is the same one FedEx Corp. had designated for a $259 million distribution center that would have employed 450 workers, but those plans were called off in March 2018.