Jet engine maker Rolls-Royce said Tuesday it's cutting up to 2,500 jobs globally as part of a corporate overhaul that its new CEO is carrying out. The aerospace company was hit hard by the COVID-19 pandemic that decimated demand for air travel.... Read More
Former U.S. Rep. Steve Buyer cannot defer his surrender next month to serve a nearly two-year prison sentence resulting from his insider trading conviction because there was overwhelming evidence of his crimes, a federal judge said Monday.... Read More
Rite Aid has filed for bankruptcy protection and plans to sell part of its business as it attempts to restructure while dealing with losses and opioid-related lawsuits. Rite Aid does not have any stores in Indiana, according to the company's website.... Read More
A coalition involving Indiana, Illinois and Michigan is one of seven selected by the Biden Administration for a $7 billion program to establish clean hydrogen hubs across the U.S. Biden is expected to make the announcement during a trip to Philadelphia.... Read More
Indianapolis Motor Speedway reverted to its original purpose Thursday — serving as a test track for new automobile technology. The lessons learned about IndyCar's new hybrid cars could reverberate throughout next season.... Read More
Measures of U.S. inflation barely declined in September, evidence that consumer price increases are grinding lower at a gradual pace. Consumer prices rose 0.4% from August to September, below the previous month's 0.6% pace.... Read More
In a surprise move Wednesday night, 8,700 United Auto Worker union members left their jobs at Ford’s Kentucky truck plant in Louisville. And Thursday morning, union President Shawn Fain hinted at further action against Stellantis.... Read More
Detroit's three automakers have laid off roughly 4,800 workers at factories that are not among the plants that have been hit by the United Auto Workers strikes. The companies say the strikes have nevertheless forced them to impose those layoffs.... Read More
The United Auto Workers union said Friday it will not expand its strikes after GM made a breakthrough concession on unionizing EV battery plants. Union President Shawn Fain told workers that additional plants could be added to the strikes later.... Read More
The nation’s employers added 336,000 jobs in September, an unexpectedly robust gain and the largest monthly rise since January, evidence that many companies remain confident enough to keep hiring despite high interest rates and a hazy outlook for the economy.... Read More
