Stocks rise sharply on Wall Street following seven-day rout
Big technology companies like Apple are still among the most vulnerable due to disruptions in supply chains and business closures in China, but the sector led the way higher Monday.
Health Care & Insurance
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How will the coronavirus outbreak play out? Here’s what happened with similar epidemics
No one is certain about the possible ramifications of the current coronavirus, but virologists say there are clues from other similar outbreaks in the recent past.
U.S. House approves bill to ban sale of flavored e-cigarettes
The bill would place new restrictions on the marketing of e-cigarettes and ban flavors in tobacco products, including menthol cigarettes. It also would place a new excise tax on nicotine.
Supreme Court to decide fate of Obamacare
The court said it would hear an appeal by 20 mainly Democratic states of a lower-court ruling that declared part of the statute unconstitutional and cast a cloud over the rest.
Fed ready to cut rates despite doubts that it can offset coronavirus effect
In question is how much effect rate cuts will actually have amid a health emergency that threatens to reduce both supply and demand in the economy.
U.S.-based pro sports leagues monitoring coronavirus outbreak
Officials from the National Basketball Association, National Hockey League and Major League Baseball say they are all consulting with the Centers for Disease Control and Prevention and other organizations on a regular basis about COVID-19.
Stocks sink again, leaving Wall Street with worst week since 2008
The market clawed back much of its intraday losses in the last 15 minutes of trading. Bond prices soared as investors sought safety, pushing yields to record lows.
Stocks fall on Wall Street, head for worst week since 2008
U.S. stock markets saw more major declines Friday morning. Traders have been growing increasingly certain that the Federal Reserve will be forced to cut interest rates to protect the economy, and soon.
Financial pain deepens as nearly 60 countries report coronavirus
If the disease known as COVID-19 becomes a global pandemic, economists expect the impact could be much worse, with the U.S. and other global economies falling into recession.
Pence’s handling of 2015 HIV outbreak in Indiana gets new scrutiny
President Donald Trump’s choice of Vice President Mike Pence to oversee the nation’s response to the new coronavirus threat is bringing renewed scrutiny to Pence’s handling of an HIV outbreak in southern Indiana when he was governor.
Carmel-based Shepherd Financial fueling growth with acquisitions
Shepherd Financial LLC is planning to grow its workforce by 50 employees over the next five years, tripling its statewide staff, with a majority of those hires in Carmel.
Lawmakers consider regulation to hospital billing
As Indiana lawmakers wrestle with various ideas to reduce health care costs, one proposal that businesses say would have an immediate impact has drawn opposition from hospitals.
Indiana lawmakers agree on tougher tobacco sales penalties
Indiana lawmakers are poised to double the fines stores could face for selling smoking or vaping products to anyone younger than 21 years old.
Some doctors worried by Indiana ‘surprise’ billing proposal
Indiana doctors are raising fears about possible loss of emergency services under a plan to limit “surprise” bills for patients unknowingly treated by providers from outside their insurance networks.
Johnson & Johnson plans new warehouse, 300 jobs in Hendricks County
The distribution arm of the New Jersey-based company plans to spend $110 million on project, which will include specialized handling and storage technologies for medical devices.
Indiana spent more than $1 million on dead Medicaid patients, feds say
Indiana’s Medicaid director said the state will recover the payments and return the federal share of more than $800,000. The feds say the problem occurred because Indiana did not enter dead beneficiaries’ information in a federal data bank.
Global markets fall sharply as virus cases spread past Asia
The Dow Jones industrial average slumped more than 3% and gave up all of its gains for the year as a surge in virus cases and a worrisome spread of the disease outside the epicenter in China sent investors running for safety.
U.S. business gauge tumbles to lowest since 2013 on virus
Service providers and manufacturers are noting reluctance among clients to place orders amid the global virus scare.
Local dental tech services company acquired by Atlanta firm
Renaissance Electronic Services, an Indianapolis-based tech company that announced major growth plans in 2016, has been acquired by Atlanta-based Vyne, the companies announced Thursday.
Apple warns China virus will cut iPhone production, sales
The tech giant is warning investors that it won’t meet its second-quarter financial guidance because of the viral outbreak.