U.S. economic growth slows to 2.6 percent rate
The current expansion, now in its 10th year, is the second longest in U.S. history. But it has featured the weakest annual growth rates of any recovery in the post-World War II period.
Associated Press
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J.C. Penney to close more stores as sales deteriorate
The retailer’s profit tumbled nearly 70 percent and revenue slid 8 percent in the fourth quarter, the most crucial period of the year for retailers who bank on a surge in holiday sales.
Study: Slow progress in race, gender hires in college sports
Among the study's positives: The NCAA headquarters in Indianapolis received high marks for its hiring practices.
Holcomb to lead trade mission to France, Belgium, Germany
Holcomb will be accompanied by Indiana Secretary of Commerce Jim Schellinger, Indiana Economic Development Corp. directors John Thompson and Mark Neal and IEDC staff.
Fed’s Powell predicts solid but slower growth in 2019
In delivering the Fed’s semiannual monetary report to Congress, Powell said the Fed will be “patient” in determining when to boost its benchmark policy rate in light of the various “crosscurrents and conflicting signals.”
Senators grill pharmaceutical CEOs about high drug prices
Tuesday's hearing marks the first time lawmakers have called the industry's top executives to account for rising prices.
U.S. appeals court clears AT&T’s $81B merger with Time Warner
The ruling by the U.S. Court of Appeals in Washington, D.C., came Tuesday in the high-stakes competition case, approving one of the biggest media marriages ever.
Some worker visas in doubt as immigration crackdown widens
Some immigration attorneys and those who hire specialized workers under the H-1B program say they’ve seen unprecedented disruptions in the approval process since President Donald Trump took office in 2017.
Business economist group sees recession likely by 2021
Roughly half of the member economists in the National Association for Business Economics say they think the U.S. economy will slip into recession by the end of next year.
Indiana bill proposes felony charge if doctor misuses sperm
The Indiana Senate has approved a bill allowing felony charges if the deception involves a medical procedure, device, drug or human reproductive material.
Indiana launches $100M push for broadband to rural areas
Gov. Eric Holcomb said the Next Level Broadband program will bridge the digital divide, giving more rural Hoosiers access to the internet for business or personal uses.
Trump extends China tariff deadline, cites progress in talks
U.S. and Chinese negotiators met through the weekend as they seek to resolve a trade war that's rattled financial markets.
Police: Patriots owner Robert Kraft solicited prostitute
Police in Florida have charged New England Patriots owner Robert Kraft with misdemeanor solicitation of prostitution, saying they have videotape of him paying for a sex act inside an illicit massage parlor.
Kraft Heinz hit with federal probe, huge quarterly loss as consumers flee brands
The food manufacturer says it will slash the value of its Oscar Mayer and Kraft brands by $15.4 billion, an acknowledgment that changing consumer tastes have destroyed the value of some of the company’s most iconic products.
Bill to tighten management of Indiana veterans fund advances
The measure comes after revelations that a state agency awarded some grants for struggling veterans to its own employees.
U.S. home sales slip in January to worst pace in 3-plus years
Would-be homebuyers are increasingly priced out of the market as years of climbing prices and strained inventories have made ownership too costly.
Holcomb announces $750,000 in grants to fight drug crisis
Gov. Eric Holcomb’s office announced this week that 10 substance abuse coalitions each will receive a $75,000 grant to develop, improve and enhance treatment and recovery initiatives.
Indiana coal mine to close this spring, costing 80 jobs
White Stallion Energy of Evansville says workers will be given the chance to transfer to one of the company’s other mine sites.
Bayer to close Mishawka logistics center, costing 200 jobs
The company said in a statement the closure would help it “reduce complexity, improve efficiency and enhance customer service.”
In unanimous ruling in Indiana case, high court says ban on high fines applies to states
Justice Ruth Bader Ginsburg wrote the opinion in favor of Marion resident Tyson Timbs. Police seized his $40,000 Land Rover when they arrested him for selling about $400 worth of heroin.