business
Stocks fall on news Fed weighed cutting stimulus
Stocks closed lower on news that several Federal Reserve policymakers favored cutting back on stimulus programs as early as June if the economy continues to improve. The release of minutes of the Fed’s April 30-May 1 meeting reversed a surge earlier in the day.
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Procter & Gamble brings back A.G. Lafley as CEO
NEW YORK (AP) — Procter & Gamble is bringing back former CEO A.G. Lafley, a 33-year industry veteran, to its top post in a surprise move as the world’s largest consumer goods maker tries to improve its results globally.
2 Indiana hospital systems cutting jobs, other costs
INDIANAPOLIS (AP) — Two Indiana hospital systems say they’re both cutting an undisclosed number of jobs by June 30 because of increasing economic and competitive pressure on the health care industry. Indianapolis-based St. Vincent Health and Evansville-based St. Mary Health announced Thursday that restructurings of …
Pepper your wardrobe with ‘Gatsby’ glitz for less
Baz Luhrmann’s big screen adaption of “The Great Gatsby” is shining a spotlight on Roaring Twenties glam fashions, from drop-waist dresses and head scarves to crisp bow ties and spectator shoes. But you don’t need a wallet the size of Jay Gatsby’s to get the look.
McDonald’s can’t shake criticism about nutrition
McDonald’s was taken to task at its shareholders meeting Thursday by speakers associated with an advocacy group about its menu and marketing toward kids. Among the speakers was a 9-year-old girl who asked CEO Don Thompson to stop “tricking kids into eating your food.”
Boat dock planned for downtown Indianapolis canal
INDIANAPOLIS (AP) — Construction is expected to begin soon on a boat dock for the downtown Indianapolis canal. City officials say the new dock will make it easier for those who rent pedal boats to climb in and out of them and prevent damage to …
US new home sales up 2.3 percent in April
Sales of new homes rose in April to the second-highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering.
Dover to spin off communications businesses
Equipment maker Dover Corp. said Thursday its board has approved a plan to spin off some of its communication technologies businesses into a new publicly traded company known as Knowles Corp.
Birth control coverage up for federal appeal
In the most prominent challenge of its kind, Hobby Lobby Stores Inc. is asking a federal appeals court Thursday for an exemption from part of the federal health care law that requires it to offer employees health coverage that includes access to the morning-after pill.
Smashburger founder turns to fast-casual pizza
ENGLEWOOD, Colo. — Smashburger’s founder is launching yet another new fast-casual restaurant concept, this time centered on customized, oven-baked pizzas made and served within minutes of ordering.
Ford to end auto production in Australia in 2016
Ford Motor Co. said Thursday it will close its two Australian auto plants, ending production in the country in 2016, amid soaring manufacturing costs and plummeting sales.
Stocks end lower as investors reassess Fed worries
Stocks ended the day slightly lower after recouping a big loss early on. U.S. markets fell immediately after the opening bell following a global slump prompted in part by an unexpectedly weak report on manufacturing in China.
Tesla uses stock, note sale to repay government $451.8 million
DETROIT (AP) — Tesla Motors, which makes a highly acclaimed $70,000 electric car, has paid off a startup loan from the U.S. government nine years early. The Palo Alto, Calif., company said it wired in a $451.8 million payment to the government on Wednesday.
Hammond business loses property tax appeal
CROWN POINT — Morrison Construction will not get an additional 35 percent reduction in the assessed property value of its Hammond headquarters. Tuesday the Lake County Property Tax Assessment Board of Appeals ruled against granting the 35 percent reduction requested by property tax consultant Don …
EPA seeks to add 3 Hoosier Superfund sites to list
INDIANAPOLIS (AP) — The U.S. Environmental Protection Agency wants to add three Superfund sites in Indiana to its highest priority cleanup list for hazardous waste sites. The EPA proposed Tuesday adding Superfund sites in South Bend, Indianapolis and the Bartholomew County community of Garden City …
Made in the USA back in style for small businesses
When Martin Rawls-Meehan started making adjustable beds in 2004, it was a foregone conclusion that key parts would be made overseas. But this year, his company, Reverie, began making some of its beds entirely in a factory in New York.
