Elanco in advanced talks to buy Bayer animal-health unit, report says
The multibillion-dollar deal would swell the size of Elanco, which already is the fourth-largest global player in animal health.
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Would-be independent candidate sues after he’s rejected for mayoral ballot
At issue is the Marion County Election Board’s decision to disqualify 1,115 signatures because the addresses listed by eligible voters on a petition did not match their official registered addresses.
FedEx to stop making ground deliveries for Amazon
The announcement Wednesday that FedEx would no longer make ground deliveries for Amazon comes two months after the delivery company said it was terminating its air delivery contract with Amazon.
Women’s retailer Charlotte Russe to reopen in Castleton Square
The company shut down all five of its Indianapolis-area stores earlier this year after filing for bankruptcy, but the brand has a new owner that is reopening stores in some locations.
Indiana coal mine with 120 workers to close this fall
The company said it’s working with the affected employees “to identify comparable employment opportunities at four locations in Indiana and Illinois.
Westfield neighbors oppose housing project with commercial component
More than 700 people have signed a Change.org petition calling for the city to deny the developer’s request to rezone 58 acres to a planned unit development that would allow for high density housing and commercial development.
Walgreens to shut 200 U.S. stores as part of cost-cutting plan
The Deerfield, Illinois-based company operates more than 18,000 stores worldwide, including 55 or so in the Indianapolis area.
Markets recover from Monday sell-off after China buttresses its currency
U.S. stocks on Tuesday rebounded from their worst day of the year after Chinese efforts to stabilize the yuan reassured nervous investors that a global currency war had not been declared.
Boom in overdose-reversing drug tied to fewer drug deaths
Prescriptions of the overdose-reversing drug naloxone are soaring, and experts say that could be a reason overdose deaths have stopped rising for the first time in nearly three decades.
Hardware store owner says relocation of store far from certain
Fusek’s True Value Hardware has been located in the Lockerbie Marketplace development since June 2004.
U.S. stocks claw back lost ground as China stabilizes currency
Technology stocks led the gains in a reversal of Monday’s slump, when they bore the brunt of the market sell-off that pushed U.S. indexes 3% lower.
Kite Realty Group sells off 14 properties for $415 million
The divestitures are part of what the company calls Project Focus, a previously-announced project to sell off non-core assets and pay down debt.
Hoosiers in best position to pay off credit card debt, study says
Analysts from the personal finance web site WalletHub used data from the U.S. Census Bureau, the Federal Reserve and TransUnion to see how each state is faring when it comes to credit card debt.
Lockerbie hardware store eyeing new location along North Penn downtown
Fusek’s True Value hopes to stretch its footprint and add a garden center at the new location while exiting a block bought by a local developer in recent years.
IU Simon Cancer Center lands $13.8M grant, comprehensive cancer center designation
The cancer center, opened in 2008, is now one of just 51 “comprehensive cancer centers” in the nation and the only one in Indiana.
Newspaper giants Gatehouse, Gannett likely to seek cost savings after merger
Efficiencies wrought by the merger might result in publications that rely less on local reporters and more on USA Today-type stories produced or edited remotely and published in dozens of the company’s publications.
Treasury Department designates China a ‘currency manipulator’
The United States and China traded blows in an unrestrained economic conflict Monday that sent stock markets plunging and threatened to inflict significant damage on a weakening global economy.
Brebeuf appealing archdiocese decision to no longer recognize school as Catholic
A Jesuit high school that the Indianapolis Archdiocese no longer recognizes as Catholic because it refused to fire a teacher in a same-sex marriage said it is appealing that decision to the Vatican.
Stocks suffer worst drop of the year after China counters tariffs with cheaper currency
Major stock indexes dropped dramatically on Wall Street on Monday, their worst loss of the year, after China countered President Donald Trump’s latest tariff threat by letting its currency weaken to the lowest level in more than 10 years.
Community Health Network HQ gets new property owner, plans to expand office space
An Indianapolis-based real estate company that specializes in health care properties has acquired more than 300,000 square feet of commercial office space on the city’s northeast side, including the headquarters of Community Health Network.