Cummins sees more revenue, less profit in latest quarter
Cummins said its profitability was affected by several expenses last quarter, the largest of which was the $56 million that the company spent on a one-time bonus to employees.
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U.S. services gauge hits lowest level since May 2020 as orders cool
U.S. service providers expanded in October at the slowest pace since May 2020 as orders growth and business activity moderated, suggesting the broader economy continues to cool.
Pence increasingly in demand to stump for GOP candidates
Former Vice President Mike Pence is being considered as someone who can help other Republican candidates win support beyond Donald Trump’s voting base.
Inflation putting tighter squeeze on already pricey kids sports
Sticker shock in youth sports is nothing new, but the onslaught of double-digit inflation across America this year has added a costly wrinkle on the path to the ballparks, swimming pools and dance studios across America.
Weekly applications for U.S. jobless benefits fall slightly
All eyes will now turn to the Labor Department’s October jobs report Friday, the last peek at the state of the economy ahead of the midterm elections.
Stellantis says park older models after more Takata air bag deaths
The latest fatalities bring the death toll from exploding Takata air bags to at least 32 worldwide, including 23 in the United States.
Nearly 1,200 residential units in the works at Noblesville’s Hyde Park
The 242-acre, master-planned development is expected to include a mix of businesses, retailers, restaurants and residential and recreational facilities, plus a 162-acre park as it is developed over the next decade.
Central Indiana lacks educated workforce to fill high-skilled jobs, report finds
The report from Ascend Indiana and the Marion County Workforce Investment Board is the latest indicator that employers are leaving jobs unfilled because of a talent shortage.
High demand for amoxicillin causing shortages amid child RSV surge
The supply strain comes as doctors brace not only for the RSV surge to continue but also for the spread of flu and COVID-19 to ramp up.
State plans sweeping reduction of standards for K-12 students
The Indiana Department of Education is supposed to seek input from businesses, industries, and postsecondary institutions about what characteristics students need to succeed in order to help inform the new standards.
Holcomb to attend United Nations climate summit in Egypt
Gov. Eric Holcomb and other state officials plan to join global leaders next week at the United Nations Climate Change Conference in Egypt, marking the first time an Indiana governor has attended the summit.
AGs sue to block Albertsons’ $4B payout over Kroger deal
The lawsuit asks the court to block the payment until the attorneys general have reviewed Albertsons’ proposed merger with Kroger Co.
Musk: People banned from Twitter won’t be restored for weeks
Elon Musk said Wednesday that Twitter will not allow anyone who has been kicked off the site to return until it sets up procedures on how to do that, a process that will take at least a few weeks.
Fed unleashes another big rate increase, but hints at smaller hikes
The Federal Reserve on Wednesday raised its key short-term interest rate to a range of 3.75% to 4%, its highest level in 15 years.
Car loan rates head for 14-year high in new barrier for buyers
The average annual percentage rate on new-car loans was 6.3% last month, the highest since April 2019, according to Edmunds.
Morning anchor Carlos Diaz announces plans to leave WTHR-TV
Indiana University and Greenwood High School alum Diaz plans to wrap up TV news career that included a six-year stint at Channel 13.
Marian University launches $500M fundraising campaign
The school says the campaign, titled “Journey to 2030: Always Forward,” had already raised $240 million prior to the public launch last week.
Franciscan Health nurse pleads guilty to tampering with pain meds
Jennifer L. Adams administered saline solutions instead of prescribed pain medication to between 30 and 40 patients, the court documents said.
Carmel-based KAR announces 300-plus job cuts amid belt-tightening moves
Eliminating the back-office jobs in the U.S. and Canada and moving the functions overseas is expected to result in cost savings of more than $10 million per year, according to the auto auction firm.
Used-car dealer Byrider cutting 43 employees at its Carmel HQ
The list of employees being eliminated includes personnel in management, finance, facilities, recruitment, marketing, technology and strategy.