U.S. consumer confidence hits highest level since November
American consumers felt more confident this month, shrugging off a rocky stock market and heightened trade tensions between the United States and China.
Associated Press
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Fiat Chrysler seeks $40B merger with Renault to create auto giant
The merger would reshape the global industry: The new company would produce some 8.7 million vehicles a year, leapfrogging General Motors and trailing only Volkswagen and Toyota.
Pagenaud wins $2.67 million for Indianapolis 500 victory
Alexander Rossi pocketed $759,159 for his second straight runner-up finish.
Pagenaud gives sponsor John Menard his first Indy 500 win
John Menard finally reached victory lane Sunday with owner Roger Penske and driver Simon Pagenaud, their car sponsored by Menard’s Midwest-based home improvement chain. Menard has been sponsoring cars at Indy since 1979.
Pagenaud wins his first Indy 500 with late pass
Simon Pagenaud’s win gave team owner Roger Penske his 18th victory in his 50th year at the track.
Indiana, Michigan farmers eager to begin growing hemp
Farmers in Indiana and Michigan are preparing to start growing hemp as a legal agricultural commodity following the declassification of industrial hemp as a narcotic with the passage of the federal Farm Bill in 2018.
Some Indiana educators disappointed about mental health funding
Jennifer McCormick, the state superintendent of public instruction and a Republican, said financial backing for mental health services didn't receive the attention it warranted.
November referendum likely on Terre Haute casino decision
Voter approval of the referendum is required under a law adopted by state legislators this spring allowing construction of a casino in Terre Haute.
Chief executives at big public firms get average pay raise of 7%
Pay for typical workers at these companies isn’t rising nearly as quickly. The median increase was 3% last year, less than half the growth for the top bosses.
FAA chief upbeat about prospects for Boeing 737 Max’s return
Aviation officials from more 30 countries met with the FAA to hear the U.S. regulator's approach to reviewing changes that Boeing is making after two crashes that killed 346 people.
China says door open to trade talks, but slams tech controls
Seeking to rally support for its side in the tariff war, Beijing is vehemently protesting the Trump administration's decision last week to impose controls on exports of computer chips and other key components.
Lilly begins selling half-price version of popular Humalog insulin
The fast-acting insulin, which diabetics inject shortly before each meal, is used by about 700,000 Americans.
Indiana sues billionaire family behind maker of OxyContin
The Indiana lawsuit was filed Monday against eight members of Sackler family who own Connecticut-based drugmaker Purdue Pharma.
Carmel synagogue vandal sentenced to 3 years in prison
Gov. Eric Holcomb cited the July 2018 incident in asking the state Legislature to pass a hate crimes bill.
$175 million solar power project planned for central Indiana
Officials announced Tuesday that plans call for Brooklyn, New York-based Ranger Power to build the solar project in Shelby County starting in 2022.
United States’ delay to Huawei ban gives tech sector time to adjust
The United States is delaying restrictions on U.S. technology sales to Chinese tech powerhouse Huawei in what it calls an effort to ease the blow on owners of its cell phones and smaller U.S. telecoms providers that rely on its networking equipment.
FCC chairman backs T-Mobile-Sprint deal in key endorsement
Federal Communications Commission Chairman Ajit Pai said Monday he supported the $26.5 billion deal because the two companies promised to expand mobile internet access in rural areas and roll out 5G, the next generation of mobile networks.
China’s ban on scrap imports a boon to U.S. recycling plants
U.S. paper mills are expanding capacity to take advantage of a glut of cheap scrap. Some facilities that previously exported plastic or metal to China have retooled so they can process it themselves.
China’s technology tactics irk its trading partners
Europe, Japan and other trading partners object to President Trump’s trade tactics but echo American complaints. They say China’s practices violate its market-opening commitments under the World Trade Organization.
McLaren knocked out of Indy 500 on final run of qualifications
Kyle Kaiser, 23, in a dramatic last-gasp bid by tiny Juncos Racing, knocked Fernando Alonso off the bubble and ruined the day for McLaren, which was trying to make a comeback to the Indy 500 for the first time since the 1970s.