U.S. stocks end skid, have best best day since 2015
U.S. stocks surged back from the biggest weekly rout in two years, with major benchmarks climbing more than 2.7 percent Monday on signs that an escalation of trade tensions was beginning to ease.
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Finish Line’s merger with British suitor could pose challenge to Foot Locker
Combining Indianapolis-based Finish Line Inc. and JD Sports Fashion from across the pond could create a firm within striding distance of the sports apparel industry’s heavyweight, according to an analyst.
Stocks tumble again in biggest weekly decline since 2016
Concern is rising that that a trade war and higher borrowing rates could throttle global growth.
Sources say Kroger-Target merger report not accurate
Shares of Target Corp. and Kroger Co. jumped Friday morning after a business newsletter reported that the two retailers were in talks to merge. But several other media outlets said there was no truth to the report.
Trade worries send stock market plunging
U.S. stocks took their biggest tumble in six weeks Thursday as investors reacted to the threat of an escalating trade war with China that has the potential to disrupt global growth.
Facebook shares continue to fall amid talk of FTC probe
Facebook shares declined in morning trading, falling 5.5 percent, to $163.08 each. That follows a drop of 6.8 percent Monday that was the company’s largest since March 2014.
Amazon’s Whole Foods acquisition already shaking up grocery business
Amazon.com’s Inc.’s acquisition of Whole Foods Market—the national grocery chain that is opening its third local store in downtown Indianapolis on Wednesday—has sparked major disruptions in the grocery industry in the short time since the deal closed in late August.
Simon among landlords that will have to deal with Toys ‘R’ Us properties
The collapse of Toys “R” Us Inc. is yet another blow for landlords—including Indianapolis-based Simon Property Group—who now will have gaping holes of suburban retail space up for grabs. And few tenants would want them.
Koch group adds $4 million to Indiana, Missouri attack ads
The political network backed by billionaires Charles and David Koch is planning to step up its advertising to unseat Democratic Sens. Claire McCaskill of Missouri and Joe Donnelly of Indiana, who are seen as vulnerable.
Shopping mall jewelry giant planning to weed out hundreds of stores
Signet Jewelers Ltd., which operates at least 18 stores in the Indianapolis area and thousands nationwide, is betting that a shift online can help pull the company out of a sales slump.
Claire’s on verge of bankruptcy, with creditors taking over
Claire’s Stores Inc., the fashion accessories chain where legions of preteens got their ears pierced, is preparing to file for bankruptcy in the coming weeks, according to people with knowledge of the plans.
Toys ‘R’ Us preparing to liquidate U.S. operations, sources say
Toys “R” Us Inc., which has three Indianapolis-area stores, is expected to liquidate its bankrupt U.S. operations after so far failing to find a buyer or reach a debt restructuring deal with lenders, according to people familiar with the matter.
‘Rigged’ system blocks lower-cost drugs, head of FDA says
FDA Commissioner Scott Gottlieb aimed particular criticism at giant pharmacy benefit managers that contract with health plans to administer coverage of drugs, saying the industry’s tactics have stymied cheaper copies of expensive biotechnology drugs.
Transaction data suggest bitcoin may be losing popularity
The average number of trades recorded daily has roughly dropped in half from the December highs and touched its lowest in two years last month, even as bitcoin became a household name and roared back to near $11,000.
Weight-loss doctors accused of leeching millions from Anthem, other insurers
Two Los Angeles doctors allegedly used fraudulent studies to persuade people to get Lap-Band surgery for weight loss and duped insurers into helping to pay the bills in what U.S. prosecutors called a $250 million scheme.
Chicken reaches Americans’ tables at cheapest prices in decade
The average retail price for chicken breast fell in January to its lowest level since the Bureau of Labor Statistics began collecting the data in 2006.
Starbucks says empty storefronts are leading to lower rents
Starbucks Corp. Chairman Howard Schultz said he sees a blessing in all the retail vacancies across the United States—landlords are beginning to reduce rents.
Papa John’s to end NFL deal as new CEO confronts sluggish sales
The NFL partnership has been strained since Papa John’s founder John Schnatter slammed the league in November, saying that declining ratings had hurt sales. He also said that Commissioner Roger Goodell mishandled the national anthem controversy.
Apple planning giant, lower-priced iPhone models, sources say
Apple Inc. is reportedly preparing to release a trio of new smartphones later this year, including the largest iPhone ever, after sales of the iPhone X failed to meet expectations.
Gorsuch silent as divided Supreme Court spars over union fees
Members of the U.S. Supreme Court clashed sharply Monday over the right of public-sector workers to refuse to pay union fees, while the justice who will cast the deciding vote kept silent during an hour-long argument.