Scripps adopts poison pill after takeover bid by Sinclair
The board said it took the action in an effort to ensure all shareholders get the best deal and protect them from “coercive tactics
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Sinclair bids for rival TV broadcaster Scripps at $7 a share
The unsolicited bid from one of the largest U.S. TV broadcasters values Scripps at $538 million.
Amazon data center tally tops 900 amid AI frenzy, documents show
Amazon’s cloud unit produced $33 billion in revenue in the third quarter and remains the company’s most-profitable division.
Lilly joins $1 trillion club as weight-loss drugs fuel stock surge
It’s just the latest landmark for Indianapolis-based Lilly, which was catapulted into the top spot as the world’s largest health care company by market capitalization in 2023.
RapidSOS tops $1B value with Apax Digital investment
The emergency response app founded by southern Indiana native Michael Martin has raised more than $450 million from investors including BlackRock Inc. and Highland Capital Partners.
Major music labels strike deals with new AI streaming service
The world’s largest music companies have licensed their works to a music startup called Klay, which is building a streaming service that will allow users to remake songs using artificial intelligence tools.
President’s $2,000 tariff check idea draws Republican resistance
While the White House concedes it will likely need Congress to enact the measure, administration officials are considering options to circumvent Congress and distribute the checks without the legislative branch’s approval.
Job market is heating up—for positions that people usually don’t want
From substitute teachers to prison guards, staffing agencies and employers are reporting a pickup in applicants for roles often shunned for their low pay, inconsistent hours or unpleasant conditions.
Ford taps Amazon to let shoppers buy its used cars online
Ford joins Hyundai on the Amazon Autos portal, which allows car buyers to browse, finance and purchase a used car by clicking on the familiar “add to cart” icon.
Health care premium spikes set to squeeze small businesses
Premiums for Affordable Care Act plans, which are used for thousands of small businesses, are expected to jump 114% on average in the new year, when COVID-era tax credits expire.
Longest shutdown in history costing economy about $15B each week, analysts say
Now in its 36th day, the shutdown has surpassed the previous record set in early 2019 during President Donald Trump’s first term.
Median first-time homebuyer age reaches record high of 40
The National Association of Realtors’ annual profile of buyers and sellers, released Tuesday, portrays a housing market in which younger, cash-strapped Americans are struggling to become homeowners
UPS cuts 34,000 jobs as its turnaround efforts continue
Shares in United Parcel Service Inc. soared Tuesday morning after it smashed Wall Street’s profit expectations by cutting costs and eliminating more jobs than expected this year.
Amazon launches new AI shopping tool for US users
Initially, the Help Me Decide tool will be available to “millions” of U.S. consumers picked randomly, suggesting a limited test to see how it performs and whether shoppers use it.
Ex-Stellantis CEO, in new book, says he sees carmaker potentially breaking up
Stellantis is the 22nd-largest employer in Indiana with about 6,100 full-time Hoosier employees, according to IBJ research.
Shutdown stalemate brings US IPO holdouts off the sidelines
The path to going public during the shutdown requires some creativity, as well as the willingness to venture into uncharted territory.
Job searches for holiday season soar with full-time roles scarce
Overall, seasonal jobseekers face a low-energy holiday season, with only a 2.7% pickup in seasonal job postings from employers.
Amazon delivery firms are bailing amid rising costs, meager profit
Amazon launched its Delivery Service Partner program in 2018, offering aspiring entrepreneurs an opportunity to run their own businesses.
Novo, Lilly shares fall as Trump touts ‘much lower’ Ozempic price
Mehmet Oz, head of the Centers for Medicare and Medicaid Services, said talks over the price of weight-loss drugs are still ongoing.
AI jobs shock is coming and firms aren’t ready, financial CEO says
Klarna Group’s chief executive sees the AI boom spelling the end to what he calls “excess profits” in both the banking and software industries, as incumbents are overtaken by faster-moving challengers.