Cummins lowers full-year expectations after missing quarterly forecasts
Indiana-based engine manufacturer Cummins Inc. fell short of revenue and profit predictions with its third quarter results.
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Stocks set another record amid growing economic caution
The strongest market performers in recent months have been companies that pay big dividends and are more likely to hold up during downturns. Investors, meanwhile, remain hesitant to plow their money into stocks.
Automakers side with Trump in legal fight with California
General Motors, Fiat Chrysler, Toyota and many others in the auto industry are backing the Trump administration in a lawsuit over whether California has the right to set its own greenhouse gas emissions and fuel economy standards.
Merritt says city shouldn’t have threatened eminent domain for GM stamping plant site
Republican state Sen. Jim Merritt, Democratic incumbent Joe Hogsett and Libertarian Douglas McNaughton specifically addressed the eminent domain issue at Monday night’s Indianapolis mayoral debate.
Medical device manufacturer plans $37M Westfield facility, 477 jobs
Abbott Laboratories announced plans Monday night to build a 120,000-square-foot facility in the NorthPoint Industrial Park along U.S. 31 where it will manufacture a heart valve repair device.
Walgreens to close in-store clinics, add Jenny Craig sites
The company said Monday that it will close 150 Walgreens-run clinics by the end of the year, but it will keep open more than 200 that are run in partnership with health care providers.
Four more Hoosiers sue Juul for deceptive advertising in e-cigarettes
The latest lawsuit says the company targeted young people for its flavored e-cigarettes without warning that the products were highly addictive and dangerous.
Broad Ripple Gazette dropping print publication, continuing online
The 15-year-old tabloid’s editor, publisher and owner hopes that eliminating the time spent producing and delivering the paper will free up resources for producing more content on its website.
NCAA poised to move toward allowing athletes to make money
The Indianapolis-based NCAA is poised to take a significant step toward allowing college athletes to earn money off the fame they have gained by playing sports.
Roche Diagnostics hires Sause as new CEO of North America
Matthew Sause, 42, returns to Roche Diagnostics Corp., where he worked for 17 years before leaving briefly this year for a senior position at Gilead Sciences.
CountryMark CEO Smith retiring after 17 years at helm
CountryMark ranked as the state’s ninth largest company in 2018, with $1.2 billion in revenue. The firm has more than 500 employees, including about 420 in Indiana.
Louis Vuitton maker looks to buy U.S. jeweler Tiffany for $14.5B
Tiffany & Co., which has one store in Indianapolis, owns luxury labels ranging from Givenchy haute couture to Sephora cosmetics stores, Hublot watches, Bulgari jewelry and Dom Perignon Champagne.
IBJ Podcast: Have you seen this guy painting on the Circle? That’s no accident.
Local artist Justin Vining talks with podcast host Mason King about how he uses data and plein air painting to drive sales.
Indiana to consider creating government corruption hotline
Indiana residents soon could have a hotline for reporting improper or illegal spending and other suspected corruption by local government officials, if lawmakers approve a proposal being drafted by a legislative committee.
Kentucky using billboards to lure Illinois companies
One sign will target Illinois’ regulations for being “insane” and one uses the first three letters in the word “Illinois” to claim that the state’s tax system is “ill.”
Indiana to drop Pearson, return to ETS teacher licensing
The move comes after Republican state Sen. Jean Leising, of Oldenburg, introduced legislation this year that required the state Board of Education to adopt a program that’s administered nationally.
4th USS Indianapolis commissioned at northern Indiana port
The ceremony Saturday drew dignitaries, Navy officials, four survivors of the ship’s namesake sunk during World War II and family members of current crew members.
Family donates more than $1 million to Marian University
Marian University will rename one of its buildings after receiving a donation of more than $1 million from the family that owns Indianapolis-based AAA Roofing Co. Inc., the school announced Friday.
GM strike finally ends as UAW members approve new contract
The deal, which includes modest improvements in pay for new employees and promises that the company will bring full-time temporary workers on permanently, passed this week after being voted on by GM’s 47,000 workers.
HAHN: Take steps now to prevent having a scary retirement
The estimated median household savings of retirees is $75,000. About 9% do not have any savings, 31% have savings of less than $50,000, and only 38% have savings of $100,000 or more.