Leather goods retail company Coach changing its name
Coach Inc., the iconic New York-based leather goods maker that has several stores in Indiana, is changing its corporate name after 76 years in business.
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Kroger investors cheer as grocer eyes sale of convenience stores
The supermarket giant kicked off its biggest rally in more than two years after saying it might sell its convenience-store business. The operation spans 18 states, including Indiana, and generates about $4 billion in sales.
SEC asked to probe trades of student loan giant Navient
The AFL-CIO is asking regulators for a review of possible insider trading involving shares in Navient Corp., which has major operations in Fishers.
Express Scripts to buy medical test gatekeeper for $3.6B
The deal comes as Express Scripts faces challenges on a number of fronts, including the possible loss of its largest customer, Indianapolis-based health-insurance giant Anthem Inc.
FDA approving drugs at accelerated pace
Thirty-four new drugs—treating everything from cancer to rare genetic diseases—have been approved so far this year. That’s on pace to nearly double last year’s approvals.
Justice Department ends transgender workplace protections
Federal civil rights law does not protect transgender people from discrimination at work, U.S. Attorney General Jeff Sessions said in a memo released Thursday that rescinds guidance issued under the Obama administration.
Amazon testing delivery service to rival FedEx, UPS, sources say
Amazon.com Inc. is experimenting with a new delivery service intended to make more products available for free two-day delivery and relieve overcrowding in its warehouses, according to two people familiar with the plan.
At NCAA scandal’s core, a tainted adviser with Hollywood dreams
The uncovering of the massive NCAA sports scandal started with a troubled financial adviser who wanted to work with football stars, make movies and produce a bit of country music.
FDA’s consumer protection warnings falling under Trump
From January to July, the agency sent 265 warning letters to companies, notifying them of what it alleged to be serious violations of federal rules. That’s the lowest tally for the first seven months of any year since 2008.
Opioid-abusers on payroll create risks at workplace
Castlight Health, a benefits platform, estimates that opioid abusers cost employers nearly twice as much in health-care expenses as their clean co-workers—an extra $8,600 a year.
Equifax to offer free credit locks for life, new CEO says
Under pressure in the wake of a massive data breach, Equifax Inc. said it will debut a new service that will permanently give consumers the ability to lock and unlock their credit for free.
Trump seeks 15 percent corporate tax rate, while plan calls for 20 percent
Republican tax negotiators are targeting a corporate tax rate of 20 percent, but there’s at least one potential obstacle: President Donald Trump, who wants a lower rate.
Key details of Trump tax plan could be announced in Indiana
Republican tax negotiators are targeting a corporate tax rate of 20 percent, according to two people familiar with the matter. That would be higher than President Donald Trump wants—setting up a key decision for the president on a top legislative priority.
U.S. holiday sales projected to jump as consumer jitters subside
E-commerce sales are expected to swell by 18 percent to 21 percent from November to January, compared with last year’s growth rate of 14 percent.
Toys ‘R’ Us files for Chapter 11 bankruptcy
The company filed Chapter 11 documents late Monday in U.S. Bankruptcy Court in Richmond, Virginia. The chain secured $3 billion in debtor-in-possession financing to stay open while it restructures, according to a company statement.
Trump push for U.S. jobs could spur boom in ‘corporate welfare’
Some analysts foresee a rush of new state-level subsidies and tax breaks as governors compete for any new facilities built by companies suddenly flush with newfound tax savings.
Walgreens tweaking Rite Aid deal to gain U.S. approval
The move that may be enough to resolve outstanding antitrust concerns and clinch U.S. approval for a deal the companies have been pursuing in different forms for two years, said people familiar with the matter.
Anthem expands Obamacare options in Virginia to fill holes
Anthem Inc. reversed course and said it will offer Obamacare plans in Virginia, after a pullback by another insurer threatened to leave the state with large gaps in coverage.
Some Toys `R’ Us vendors cutting shipments on bankruptcy fears
Some suppliers to Toys “R” Us Inc. have scaled back shipments to the retailer as it struggles to refinance debt and avoid a potential bankruptcy filing, according to people with knowledge of the matter.
Anthem weighs retreating from even more Obamacare markets
The Indianapolis-based health insurer is in talks with officials in some states ahead of deadlines later this month to decide whether to sell coverage in 2018, CEO Joseph Swedish said Tuesday.