Consumer purchases, which account for about 70 percent of the economy, climbed 0.2 percent in May after being little changed in April, Commerce Department figures showed Thursday. Analysts expected a rise of 0.4 percent.
As Aereo Inc.’s streaming-TV service was dealt a potentially fatal blow Wednesday, the cloud-computing industry was more concerned about what the U.S. Supreme Court didn’t say.
U.S. gross domestic product fell at a 2.9-percent annualized rate in the first quarter, the worst reading since the same three months in 2009, after a previously reported 1-percent drop, the Commerce Department said Wednesday.
The president is touting paid maternity in the midst of a midterm election campaign focused on women voters, without describing the details of how he would fund such a system.
Medtronic Inc., the second-largest maker of medical devices, will be based in Ireland after the acquisition for tax advantages.
The feds said last week that they were examining two worker deaths at warehouses operated by the world’s largest online retailer. Amazon has nearly 100 warehouses worldwide, including several in Indiana.
General Motors Co.’s delayed decision to recall almost 2.6 million cars for ignition-switch defects is being investigated by Indiana Attorney General Greg Zoeller, a spokeswoman for his office said.
The National Collegiate Athletic Association stifles competition among schools for players by capping scholarships, a Stanford University professor said Tuesday at a trial in which athletes are seeking a cut of the billions of dollars generated by college sports.
The outcome will determine whether the NCAA, which treats student-athletes as amateurs, has to stop barring them from negotiating their own deals in games that are broadcast.
The decision to collect cases before one court comes after the U.S. Food and Drug Administration said it will re-examine the safety of testosterone-replacement drugs after studies showed the medicine posed an increased risk of heart attack and stroke.
The case, brought by former UCLA basketball star Ed O'Bannon, could determine whether the NCAA has to negotiate with players seeking to be paid for appearing in televised games without forfeiting scholarships.
Seth Beoku Betts persuaded the university to give him money to invest in collateralized mortgage obligations. His attorney say he lost the money through bad investments, but prosecutors say he spent much of it on himself, including buying a $1.5 million home in Florida.
Indiana will receive part of the settlement money. The accord will prohibit Glaxo from providing incentive payments to salespeople that encourage uses of the drugs not indicated on their labels.
The U.S. Supreme Court ruled against patent holders in two cases Monday, rejecting a legal theory used to sue technology companies and requiring patents to be written with more specific language.
The plan isn’t expected to make a meaningful difference in reducing climate change, but will give President Obama evidence of America leading by example as he tries to persuade other nations to cut their carbon emissions.
With new cancer drugs priced as high as $10,000 a month, and insurers tightening payment rules, patients who thought they were well covered increasingly find themselves having to make life-altering decisions about what they can afford.
U.S. gross domestic product contracted at an annual rate of 1 percent in the first quarter, the Commerce Department said Thursday.
A report found the VA’s Eastern Area Fiduciary Hub in Indianapolis was “not timely processing allegations of misuse of beneficiary funds, conducting field examinations, and processing some incoming mail.”
Former Indianapolis Colts center Jeff Saturday and ex-Chicago Bear linebacker Hunter Hillenmeyer are suing Cleveland over what they consider an “egregious and shameless money grab.”
President Barack Obama drew attention to girls’ science and engineering accomplishments Tuesday as he announced a mentoring effort involving Indianapolis to improve and diversify the nation’s technological work force.
