Economy not quite as bad as thought in first quarter
The U.S. economy contracted in the first three months of the year, just not as much as previously estimated, the Commerce Department said Wednesday.
Associated Press
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Purdue starts construction on $50M materials research facility
Purdue officials said the facility will support research focusing on development of lighter-weight composite materials that can be used in aerospace, aviation, automotive, energy and sporting equipment.
Longtime leader of Indiana Farm Bureau plans retirement
Indiana Farm Bureau President Don Villwock, 65, said that with things going well, it’s a good time to let someone bring in new ideas.
Groups estimate 160,000 Hoosiers could lose subsidies
About 160,000 low- and moderate-income Indiana residents could lose health insurance premium subsidies provided under the Affordable Care Act if the U.S. Supreme Court rules them illegal, two groups estimated Tuesday.
NBA pipeline from Europe getting bigger, deeper and stronger
A record 101 foreign-born players are on NBA rosters. Three overseas players are potential top 10 picks in the upcoming NBA draft.
Durable goods orders make another monthly retreat
Orders to U.S. factories for long-lasting manufactured goods fell in May, pulled down by a sharp drop in demand for aircraft. But a category that reflects business investment rose, a hopeful sign for manufacturing.
Anthem reaffirms commitment to its $47 billion bid for Cigna
Indianapolis-based Anthem Inc. said Monday that the merged companies would cover more than 53 million people combined, a total that easily surpasses that of current market leader, UnitedHealth Group Inc.
Fifth Third Bancorp ready to close about 100 branches
Fifth Third Bancorp said it plans to close or consolidate about 100 branches and has abandoned plans for 30 new ones. The company has more than 40 branches in the Indianapolis area.
Vibrating seats could be coming soon to a theater near you
With domestic movie theater attendance stagnant in recent years, more theater owners are looking to provide immersive 4-D jolts to goose both moviegoers and box office revenues.
Indiana sues Indianapolis-based test-preparation company
Attorney General Greg Zoeller's complaint alleges The College Network made personal loans for customers at high interest rates with payments beginning immediately, but that relatively few people actually complete its program and earn a college degree.
State jobless rate drops to 5.1 percent for May
The Indiana unemployment mark is below the national rate of 5.5 percent for April and down from the state’s 6.0 percent mark in January.
Office Depot shareholders approve $6.3B sale to Staples
The deal is part of a rapid consolidation in the office supply sector that has been hammered by technological changes in the workplace and by competition from online retailers.
Pence defiant on religious objections law in campaign launch
Gov. Mike Pence launched his re-election campaign Thursday night by insisting he does not discriminate against anyone and taking a defiant stance against critics of the state's new religious objections law.
Indiana high schoolers head to factories for internships
More than 80 budding engineers will build and work with machines as part of a new program designed to give students experience in manufacturing.
Applications for unemployment benefits drop near 15-year low
The trend indicates that employers are confident enough in future consumer demand to retain their staffs. The number of people receiving benefits fell 50,000 to 2.22 million.
Pence set to announce 2016 re-election campaign
Indiana’s governor is expected to tout job growth and the state government’s fiscal health when announcing his bid at a GOP fundraiser on Thursday night.
Circle Centre promises prompt repairs to Artsgarden leak
A chunk of plaster fell Wednesday afternoon from the iconic walkway onto the intersection of Washington and Illinois streets, due to a water main break.
AT&T vows to fight $100 million fine from FCC
AT&T Mobility LLC has been slapped with a record $100 million fine for offering consumers "unlimited" data, but then slowing their Internet speeds after they reached a certain amount.
Fed is moving toward rate hike, but just when still unclear
Many analysts predict that if the economy keeps improving, the Fed will raise its key short-term rate in September. That rate has been held near zero since 2008.
Congressional GOP plans to continue health law subsidies
Congressional Republicans will move to temporarily continue health care subsidies for millions of people if the Supreme Court overturns the aid, according to plans discussed Wednesday in the House and Senate.