Crafts retailer Joann to close more than 500 stores
The closure list includes Joann stores in Bloomington, Columbus, Indianapolis, Kokomo, Muncie and Richmond.... Read More
The Washington Post
Trump OKs $782M loan to Indy company’s sustainable jet fuel subsidiary
Donald Trump has frozen billions of dollars in Energy Department loans for clean energy projects. But on Feb. 7, he quietly blessed one deal cut during Joe Biden’s presidency: a $782 million loan guarantee to a company expanding a biofuels plant in Montana.... Read More
Farmers on the hook for millions after Trump freezes USDA funds
Farmers report missing millions of dollars of funding they were promised by the U.S. Agriculture Department, despite promises from the Trump administration that a federal funding freeze would not apply to projects directly benefiting individuals.... Read More
Honda-Nissan deal thrown into doubt weeks after talks began
Honda Motor Co. and Nissan Motor Co. called into question an agreement reached less than two months ago to consider combining, casting doubt on their efforts to form one one of the world’s largest automakers.... Read More
Salesforce cutting 1,000 jobs while hiring salespeople for AI
More than 1,000 positions will be affected, according to the person, who asked not to be identified because the information is private. Displaced workers will be able to apply for other jobs internally.... Read More
U.S. manufacturing activity expands for first time since 2022
U.S. factory activity expanded last month for the first time since 2022 as orders ramped up and production quickened, pointing to a brighter manufacturing outlook.... Read More
U.S. economic growth slowed to 2.3% in late 2024
Fresh government data this morning from the Bureau of Economic Analysis shows that the economy expanded at an annual rate of 2.3% in the fourth quarter, down from annualized growth of about 3% in the two previous quarters. ... Read More
Cleveland-Cliffs CEO says he wants to buy U.S. Steel if Nippon deal fails
Steelmaker Cleveland-Cliffs on Monday indicated interest in acquiring U.S. Steel, less than two weeks after President Joe Biden blocked Japan-based Nippon Steel’s bid to buy the embattled American company, citing national security concerns.... Read More
In blow to Democrats, federal appeals court strikes down net neutrality
The U.S. Court of Appeals for the 6th Circuit struck down the FCC’s net neutrality rules governing internet service providers Thursday in an early policy win for Republicans seeking to reverse Biden-era industry regulation.... Read More
Companies signal court fight ahead after Biden blocks U.S. Steel sale
The government’s review of the deal “was deeply corrupted by politics and the outcome was predetermined, without an investigation on the merits, but to satisfy the political objectives of the Biden White House,” the two companies said in a joint statement.... Read More