Indiana among states probing Comcast-Time Warner deal
Comcast Corp.’s proposed $45 billion acquisition of Time Warner Cable Inc. is being probed by at least six states that have joined a federal review of whether the deal violates antitrust laws.
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Discovery may be key to Alzheimer’s treatment
Scientists have discovered that a gene-regulating protein that protects the developing brain of a fetus resurfaces in old age and may stave off dementia, a finding that could open a new path in Alzheimer’s research.
Obamacare shuffles market share in some states, report finds
A snapshot of Obamacare enrollment in seven states suggests the law hasn’t significantly increased competition, but it has shuffled market share for some insurers, including Indianapolis-based WellPoint Inc.
NCAA called ‘cartel’ with top conferences in player suit
The NCAA and five top conferences generate billions of dollars in revenue and illegally cap the pay of student athletes, a group of football and basketball players claim in a new lawsuit that seeks to reshape college sports.
Feds revise for-profit college rules after court block
ITT Educational stock fell Friday after the Obama administration said it has revised its regulatory package for for-profit colleges, rewriting a proposal that the education industry blocked in court almost two years ago.
WellPoint getting unexpected competition from co-ops
Obamacare opponents predicted early on that insurance co-ops created by the law would fail, but several are doing well by combining low premiums with a certain homespun appeal.
Biomet files to sell shares in IPO to pay down debt
Indiana-based Biomet Group Inc., a closely held maker of orthopedic medical devices, had been publicly traded until 2007 when it was acquired by the group of private equity firms.
Office retailer Staples plans to shut down 225 stores
Staples Inc., the largest U.S. office-supplies retail chain, will close as many as 12 percent of its North American stores and cut as much as $500 million in costs as online competition continues to hurt sales.
U.S. job gains exceed predictions, but unemployment rate rises
Employers added more workers than projected in February, while unemployment rose to 6.7 percent from 6.6 percent as more people entered the labor force.
Former college running back sues NCAA over scholarship caps
The Indianapolis-based National Collegiate Athletic Association and five of college football’s regional conferences, including the Big Ten, were sued by a former West Virginia University player who claims they agreed to limit the value of scholarships to less than the actual cost of attendance.
Lilly diabetes drug rejected by FDA over manufacturing issue
The Lilly-Boehringer drug empagliflozin is projected to reach sales of $295 million for Lilly in 2019, but it won’t be able to sell it until issues are resolved at a German plant.
Insurers’ Obamacare losses may reach $5.5 billion, U.S. says
Health insurers such as Indianapolis-based WellPoint Inc. and Louisville-based Humana Inc. stand to receive $5.5 billion next year to cover losses from Obamacare in a program the law’s opponents label a bailout.
ITT delays financial statements amid student-loan probe
Carmel-based ITT Educational Inc. said it’s unable to file its 2013 annual report because of a federal investigation into its accounting practices.
NCAA, ex-college players ordered to hold settlement talks
The National Collegiate Athletic Association and ex-college athletes have been ordered to hold settlement talks in an $800 million lawsuit claiming the Indianapolis-based NCAA illegally blocks student players from profiting from the use of their images.
Potholes devouring municipal budgets locally, across U.S.
About three-fourths of U.S. states and many cities, including Indianapolis, have outspent their maintenance budgets dealing with the extreme weather.
Consumers shun cheapest Obamacare exchange plans
Most Americans are avoiding the lowest-priced health plans on the Obamacare insurance exchanges, taking advantage of government subsidies to seek more protection against high treatment costs.
Pilot shortage hitting Republic’s bottom line
Indianapolis-based Republic Airways Holdings plans to stop flying 27 of its 41 Embraer 50-seat jets because of the pilot shortage. That decision will lower income as much as $22 million this year.
With supplies low, it’s overtime in road salt mines
The national supply of road salt is running low. New York has declared a state of emergency, while Indiana, Wisconsin, Illinois, Pennsylvania, and other states have disclosed their difficulties in covering streets and sidewalks amid a long-running cold snap.
Companies rethink hiring policies for former criminals
State and local lawmakers around the country, including some in Indianapolis, are supporting efforts to increase the hiring of ex-offenders.
Testosterone-replacement rival of Lilly’s Axiron draws lawsuits
Abbott Laboratories and AbbVie Inc., the company it spun off last year, hid the dangers of using the testosterone replacement drug AndroGel, five men claim in lawsuits.