U.S. farmers might forgo near-record soy acres
American farmers, already set to leave a record number of acres without corn, now face the prospect of also failing to plant soybeans because of rampant rainfall.
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Hundreds of companies, groups to testify on Trump’s tariffs
About 320 U.S. company and trade association representatives are set to appear over seven days of hearings starting Monday on President Donald Trump’s latest proposed tariffs on Chinese goods.
Impossible Burger shortages hit White Castle, Red Robin
The shortages coincide with the arrival of the Impossible Whopper at Burger King. Under terms of a deal inked earlier this year, Impossible Foods patties will be inside Burger Kings nationwide by the end of this year.
Stanford ex-coach gets one day in prison in college scandal
Prosecutors had sought a sentence of 13 months in prison for former Stanford University sailing coach John Vandemoer, who admitted to taking more than $500,000 in bribes for the sailing team in exchange for recruiting unqualified applicants to get them into Stanford.
Indiana farmers make planting progress but still behind pace
The latest crop report shows Indiana trailing most states in corn and soybean planting. The Trump administration is keeping the door open for farmers who can’t plant crops this season to receive aid payments.
Supreme Court to hear bid to limit retirement-plan lawsuits
The U.S. Supreme Court agreed to use an appeal by Intel Corp. to consider tightening the deadlines for lawsuits over the investments made by worker retirement plans.
Fed rate cut looks more likely, but question is when, how big?
Fed watchers say the latest economic data boost the odds that central bank will move sooner rather than later to lower rates.
United Technologies, Raytheon to combine as defense giant
Both companies have major operations in Indianapolis, although United Technologies is already preparing to shed its Carrier Corp. business.
Biofuels haven’t lowered gas prices or emissions, GAO report says
The study conflicts with a study by the U.S. Department of Agriculture that found corn-based ethanol’s greenhouse gas emissions were 39% lower than gasoline over the entire life cycle.
China to audit 77 drugmakers, including Lilly, after $4.3B scandal
After one of its largest listed drug makers was found to have overstated its cash position by $4.3 billion, China is starting an audit of 77 major pharmaceutical companies.
Chicago to get casino as part of major Illinois gambling expansion
Illinois legislators have approved a giant gambling-expansion bill that allows sports betting and as many as six new casinos, including one in Chicago.
DowDuPont CEO stresses long-term outlook as company splits into three
Hundreds of employees at the Corteva Agriscience Global Business Center in Indianapolis on Monday celebrated the official launch of the company and the first trading of its common stock.
Indy 500 champion says ‘Dancing With Stars’ made him celebrity
Helio Castroneves has won the Indianapolis 500 three times, making him one of the most accomplished auto racers in history. But he says his personal brand owes more to dancing than driving.
Buttigieg surges with Dems as some begin suffering ‘Beto overload’
Over the past two months, South Bend Mayor Pete Buttigieg has risen from a virtual unknown to the top tier of contenders among Democrats as Beto O’Rourke slipped down.
Fashion retailer with seven area stores calling it quits
After trying to find a new owner, Ascena Retail Group announced Monday that it is preparing to close its Dressbarn clothing chain, which has about 650 stores throughout the country.
Former Apple retail chief Ahrendts, an Indiana native, joins Airbnb board
Hancock County native and Ball State University graduate Angela Ahrendts joins the home-sharing startup after a five-year stint overhauling Apple Inc.’s retail operations.
Walmart reports best first quarter in nine years
Shares in Walmart Inc. jumped Thursday morning after the nation's largest retailer exceeded quarterly same-store sales estimates and saw online sales continue to climb.
Stock strategist who nailed 2018 says recession bell is ringing
After a tumultuous week ended May 10 on an up note, it seemed U.S. stocks might escape the trade spat with only bruises. Then came the following Monday, when the biggest sell-off in four months more than doubled last week’s damage. What changed? The reality of a potential impasse took hold. Maybe the U.S. and […]
Facebook hires former PayPal team to create cryptocurrency option
The inner workings of Facebook’s blockchain team are still shrouded in secrecy, but it’s staffing up, according to people familiar with the group. Those people said that its product, which Bloomberg earlier reported will be a type of cryptocurrency, could be announced as soon as next quarter. Launched last May, Facebook’s blockchain unit now counts […]
U.S. stocks slump after China trade outlook sours
U.S. stock indexes suffered their worst day since March on Tuesday as investors remained on edge over President Donald Trump’s threat to increase tariffs on billions of dollars of imports from China.