Job openings in U.S. ease while hiring picks up
Still-abundant job listings, persistently low firings and steady hiring are the hallmarks of a gradually tightening labor market.
Bloomberg News
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Losing in the NCAA men’s Final Four tourney can be costly
Licensees and retailers are preparing entire product lines, orders, shipping plans and marketing campaigns in advance. Four different sets of championship plans are being prepared—only one will ever see the light of day.
As corn, soybeans pile up, farmers plan to plant even more
After record prices in 2012 sparked a boom in output, corn and soybeans in the Midwest now fetch less than the cost to produce them, and U.S. farm income is headed for a 14-year low.
Beef consumption on the rise as prices ease from record highs
Americans will eat an estimated 54.3 pounds of the red meat this year—the first increase since 2006 and almost a half-pound more per person than in 2015.
U.S. revises fourth quarter GDP numbers upward
The U.S. economy grew in the fourth quarter at a faster pace than previously estimated, supported by stronger household spending.
Republic Airways can use bankruptcy to return planes
Republic Airways Holdings Inc. won permission to use the bankruptcy process to return what it says are some of its less attractive airplanes and engines.
Aldi taking Walmart’s low-price edge in grocery wars
Aldi stores lack the massive size and selection of a Walmart, but their rapid proliferation and ability to offer even lower prices are putting pressure on the giant discounter.
Express Scripts leader wants Anthem to stay client despite $15B suit
Express Scripts Holding Co.’s incoming CEO is trying to keep its biggest customer after Anthem Inc. sued to recoup billions of dollars in what it called excess payments for drugs and threatened to end their relationship.
Chipotle expects first quarterly loss after food-safety crisis
Chipotle Mexican Grill Inc., which has a dozen Indianapolis-area locations, saw sales fall for at least the third straight month in February.
Fresh Market grocery chain acquired for $1.4 billion
Fresh Market, which operates five stores in Indiana, including three in the Indianapolis area, has been sold to buyout firm Apollo Global Management.
Owner of Men’s Wearhouse, Jos. A. Bank to close 100s of stores
Tailored Brands Inc., which owns a dozen men’s clothing stores in the Indianapolis area, announced the cost-cutting plan after sales slid during the holidays.
College endowments show losses in volatile stock market
A dozen funds that responded to requests for their returns for the first six months of fiscal 2016 showed an average loss of 3.8 percent. Indiana University’s loss was even larger.
Dow Chemical sees weak agricultural sales continuing
Dow Chemical Co. said low commodity prices and currency fluctuations will continue to hurt sales to farmers this year, echoing the outlooks of Monsanto Co. and DuPont Co.
Simon agrees to buy $1.1B mall in Las Vegas
The pending deal would help the Indianapolis-based real estate firm solidify its retail holdings in the tourism mecca.
Obama considering Indiana native for U.S. Supreme Court
President Barack Obama is considering a woman who was born and raised in Greencastle to replace Justice Antonin Scalia on the Supreme Court, a person familiar with the matter said.
February manufacturing report tops expectations
Factory activity in February shrank less than predicted as gains in new orders and production provided signs that the beleaguered industry could soon stabilize.
Bombardier dealt blow by Republic’s bankruptcy filing
Bombardier Inc.’s embattled C Series program was dealt another blow after one of its largest customers, Indianapolis-based Republic Airways Holdings Inc., filed for creditor protection in New York on Thursday.
Dilemma for farmers: Which crop will lose least money?
A three-year plunge in prices has sent farm income to the lowest in more than a decade and left parts of the Midwest agricultural economy in recession.
Tesla battles General Motors over right to sell cars in Indiana
Tesla Motors Inc., which has long skirmished with auto dealers over its practice of selling cars directly to consumers, has accused General Motors Co. of being the driving force behind a bill to kick Tesla out of Indiana.
Anthem not entitled to $3 billion, Express Scripts says
Express Scripts Holding Co. said it’s still working to resolve its contract dispute with Indianapolis-based insurer Anthem Inc., which has claimed it should be getting much more in savings from the pharmacy benefit manager.