Fed raises key rate, unveils plan to reduce bond holdings
The Federal Reserve has raised its key interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing but durable economy.
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Insurers: We’re off the hook, Duke Energy knew coal ash risk
Dozens of insurance companies say they're not obligated to help pay for Duke Energy Corp.'s multi-billion-dollar coal ash cleanup because the nation's largest electric company new the threat of potentially toxic pollutants.
Minimum-security prison in Indianapolis to close this summer
State officials say a minimum-security prison that's operated in Indianapolis for nearly 150 years will close its doors on or before July 31.
CVS, suitors for Marsh stores agree to settlement, helping clear way for sale
Under the agreement, prospective store buyers Kroger and Fresh Encounter would be able to operate pharmacies at the locations much sooner than rival CVS expected.
Fletcher Place distillery grows beyond original expectations
Four law school grads and a businessman took a flyer on founding Hotel Tango Artisan Distillery in 2014. Its spirits now are sold in five states and soon will be in U.S. Navy commissaries throughout the country.
Investors watching more than rate hikes from Federal Reserve
There isn’t much suspense about what the Fed will announce regarding a rate hike when its latest policy meeting ends Wednesday. But economic observers are watching for additional reasons.
U.S. businesses cut stockpiles for first time since October
Business inventories fell by a seasonally adjusted 0.2 percent in April, following March's gain of 0.2 percent, the Commerce Department said Wednesday.
U.S. retail sales experience biggest drop in 16 months
Americans cut spending at gasoline stations, department stores and electronics shops in May as retail sales fell 0.3 percent.
CVS, owners of Lockerbie Marketplace object to Marsh store-sale plan
CVS wants to prevent buyers from operating pharmacies. Lockerbie Marketplace's owners say Fresh Encounter has failed to demonstrate it has the financial wherewithal to "fully perform" under the Marsh lease it wants to take over in that shopping center.
Luck eager to start throwing as offseason rehab continues
Five months after Colts quarterback Andrew Luck had surgery for a partially torn labrum in his right shoulder, the league’s highest-paid player declined to give specifics about how soon he might be back on the field.
ExactTarget alums band together at new tech spinoff
A handful of Indianapolis-based ExactTarget alumni have joined Cheetah Digital, which is led in part by an ExactTarget co-founder. And they’re looking for office space downtown.
Indy marketing firm nabs Dallas company co-founded by Staubach
NFL Hall of Famer Roger Staubach will be a partner in the merged company, which will maintain the LST Marketing name.
FDA delays revamped nutrition-facts panel for food packages
The Food and Drug Administration said Tuesday it plans to delay the deadline for a rule requiring food companies to use the new label.
Proposed Marsh store sales set table for downtown free-for-all
For decades, Marsh Supermarkets has had a lock on the downtown grocery market. Proposed store sales disclosed Tuesday, combined with the impending opening of Whole Foods, set the stage for three-way showdown.
Marsh locations slated for purchase by Ohio grocers include 12 in central Indiana
The 26 stores that the Kroger and Fresh Encounter chains have agreed to acquire span Indiana, as well as four cities in Ohio. Here’s the whole list.
Two Ohio grocers agree to buy 26 Marsh stores for $24M
A bankruptcy court filing Tuesday afternoon says an affiliate of Kroger plans to buy 11 stores for $16 million and an affiliate of Fresh Encounter plans to buy 15 stores for $8 million.
Centene to offer Obamacare in 3 more states, expand in Indiana
Health insurer Centene Corp. plans a broad expansion of its Obamacare offerings next year at a time when many of its big rivals are retreating from the program.
Verizon takes over Yahoo to complete $4.5 billion deal
Tuesday's closure of the sale ends Yahoo's 21-year history as a publicly traded company. It also ends the nearly five-year reign of Yahoo CEO Marissa Mayer, who isn't joining Verizon.
A&E on the road: Broadway’s ‘Groundhog Day’ and ‘Anastasia’
While the films didn’t cry out for musicalization, those tasked with doing just that have done so with wit, heart, and brains