Amazon is preparing to expand its nationwide delivery network and give up its long-standing partnership with the U.S. Postal Service as talks stall with the mail agency, according to three people with knowledge of the matter.... Read More
Corporations are expected to claim $16 billion in new tax breaks this year for purchases they had already made and put into use before the July passage of the Republican tax law, according to an analysis from the Joint Committee on Taxation.... Read More
Sinclair Inc., one of the largest U.S. TV broadcasters, is offering to acquire competitor E.W. Scripps Co. for $7 a share in cash and stock, marking another proposed consolidation of station owners. The unsolicited bid values Scripps at $538 million.... Read More
Indianapolis-based Eli Lilly and Co., the world’s largest drugmaker, just notched another milestone: It’s the first health care company to cross the $1 trillion threshold as investors bet big on the drugmaker’s weight-loss medicines.... Read More
Verizon Communications Inc. announced wide-ranging layoffs Thursday morning that will shrink the company by as much as 20% of its non-union workforce, a major step in a turnaround plan led by new CEO Dan Schulman.... Read More
The White House is expected to announce a deal this week with Indianapolis-based Eli Lilly and Co. and with Novo Nordisk that would lower the price of their popular obesity drugs to $149 per month in some cases.... Read More
Walmart CEO Doug McMillon warned at a company event in September that AI is set “to change literally every job” and that his workers would have to adapt.... Read More
Carlos Tavares, in a new book, says that the group’s French, Italian and U.S. operations might have to go their separate ways if the maker of Jeep sport utility vehicles and Fiat cars fails to withstand pressures from various stakeholders in its home bases.... Read More
Shares of Cleveland-Cliffs Inc. jumped as much as 25% after the Ohio-based steelmaker posted stronger-than-expected earnings, disclosed a pact with another metal producer and said it’s evaluating whether rare earth minerals can be extracted from its mines.... Read More
The editors of the Indiana Daily Student received a jarring email Tuesday: Indiana University was canceling all scheduled and future print editions of the newspaper, starting right away with the homecoming issue set to hit campus newsstands two days later.... Read More
