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Top News & Analysis Indiana

  • ORWELL, Ohio, May 12- Three years ago if a customer walked onto Dan Reel's used car lot seeking a late-model off-lease Ford Escape, his answer was short: tough luck. That's enough to put more than 40 percent of the inhabitants of this small northeastern Ohio town, population 1,600, into the popular crossover. "The automakers have flooded the market," said Reel, owner of...

  • WILMINGTON, Del.— A Delaware judge on Thursday refused Anthem Inc.' s request to extend a temporary ban blocking Cigna Corp. from pulling out of proposed $48 billion merger while Anthem tries to persuade federal officials to drop their objections to the deal. The ruling comes after a federal appeals court last month left in place a decision blocking Blue Cross-...

  • Marsh has retained New York City- based investment banking firm Peter J. Solomon Co. to market the company's assets. The company estimated its liabilities at $100 million to $500 million and assets at $50 million to $100 million. Marsh was acquired by Florida- based Sun Capital Partners in 2006 when it had 120 grocery stores.

  • SEATTLE, May 10- Boeing Co said on Wednesday it had temporarily halted test flights of its new 737 MAX aircraft due to an issue with the engine, which is jointly made by General Electric Co and Safran SA of France. Boeing shares fell 1.3 percent to $183.15 in afternoon trading on the New York Stock Exchange. GE shares were down 0.9 percent at $28.67.

  • SEATTLE, May 10- Boeing Co said on Wednesday it had temporarily halted test flights of its new 737 MAX aircraft due to an issue with the engine, which is jointly made by General Electric Co and Safran SA of France. Boeing shares fell 1.3 percent to $183.15 in afternoon trading on the New York Stock Exchange. GE shares were down 0.9 percent at $28.67.

  • WASHINGTON, May 10- U.S. soybean ending stocks were seen rising to an 11- year high in the 2017/ 18 crop year following another bumper harvest, the U.S. Agriculture Department said on Wednesday. "USDA obviously is saying the demand profile is going to be strong again, said Jim Gerlach, president of A/C Trading in Fowler, Indiana." USDA pegged 2017/ 18 soybean ending stocks...

  • WASHINGTON, May 7- President Donald Trump took aim again on Sunday at Rexnord Corp for the industrial supplier's decision to move jobs to Mexico from Indiana. Milwaukee- based Rexnord announced plans in October to move a bearing plant and its 300 jobs from Indianapolis, employees told the Indianapolis Star at the time. "Rexnord of Indiana made a deal during the...

  • NEW YORK, May 5- Crude oil rose on Friday, bouncing back from levels not seen since November, on the likelihood key producers could extend output cuts beyond an agreed-on June deadline, while U.S. stocks closed at a record high. The jobs data is "a little bit more confirmation that perhaps the economy is OK," said Chuck Carlson, chief executive officer at Horizon...

  • May 5- Major U.S. stock indexes gained on Friday, with the S&P 500 ending at a record high close, as energy stocks bounced back along with oil prices and U.S. job growth rebounded. Oil prices rebounded following assurances by Saudi Arabia that Russia is ready to join OPEC in extending supply cuts. "There has been and probably will continue to be a little bit of a fear that...

  • CHICAGO, May 4- Central Grocers Inc, a wholesale grocery cooperative in the Chicago area, filed for bankruptcy on Thursday as it tried to close or sell businesses after struggling to adapt to consumer shifts to online and gourmet shopping and "big box" stores. Central Grocers, with about $2 billion in annual sales, said it had a plan to close its distribution business,...

  • MUMBAI, May 4- Infosys said its plans to hire thousands of workers in the United States would enable faster deployment of staff in areas such as big data and cloud, dismissing concerns about additional labour costs. The Indian IT services firm said on Tuesday it aims to hire 10,000 U.S. staff over the next two years and open four technology centres in the United...

  • MEXICO CITY/ OTTAWA, May 4- From launching a data-mining drive aiming to find supply-chain pressure points to sending officials to mobilize allies in key U.S. states, Mexico and Canada are bolstering their defenses of a regional trade pact President Donald Trump vows to rewrite. Mexico, for example, has picked out the governors of Texas, Arizona and Indiana as...

  • WASHINGTON, May 3- The U.S. Senate voted narrowly on Wednesday to repeal an exemption from strict federal protections that former President Barack Obama's Labor Department had given to state-sponsored retirement savings plans for lower-income workers. The Republican-led Senate passed the resolution repealing the exemption by a vote of 50-49. The House...

  • May 2- Engine maker Cummins Inc on Tuesday raised its 2017 forecasts for revenue and earnings before interest and tax, on stronger-than-expected demand from the construction industry in China. The Columbus, Indiana- based company is benefiting from increased spending in the construction industry in China- a market that accounted for about 8 percent of its...

  • *Q1 profit $2.36/ shr vs est $1.81. *Q1 sales $4.59 bln vs est $4.15 bln. The Columbus, Indiana- based company is benefiting from increased spending in the construction industry in China- a market that accounted for about 8 percent of its annual sales in 2016..

  • Revenue in the Cummins' engine segment, its biggest, rose 2.4 percent to $2.02 billion, in the first quarter ended April 2, as the company sold more engines to global construction markets. Net income attributable to the company rose to $396 million, or $2.36 per share, in the quarter, from $321 million, or $1.87 per share, a year earlier. Analysts on average had expected...

  • Net income attributable to Cummins rose to $396 million, or $2.36 per share, in the first quarter ended April 2, from $321 million, or $1.87 per share, a year earlier. Net sales rose about 7 percent to $4.59 billion. The Columbus, Indiana- based company also raised its 2017 forecasts for revenue and earnings before interest and tax.

  • *Plans to open 4 U.S. tech centres, starting with Indiana in Aug. SAN FRANCISCO/ MUMBAI, May 2- India- based IT services firm Infosys Ltd said it plans to hire 10,000 U.S. workers in the next two years and open four technology centers in the United States, starting with a center this August in Indiana, the home state of U.S. In a telephone interview with Reuters from Indiana,...

  • Employees walk below the Infosys logo at the company's campus in Electronics City in Bangalore, India.

    Infosys is joining a growing list of international firms that are pledging their support for American jobs.

  • President Donald Trump's now-defunct Trump University formally said on Monday she would appeal a federal judge's approval of the $25 million settlement of three fraud lawsuits over the real estate seminars. Sherri Simpson, of Fort Lauderdale, Florida, who paid $19,000 to learn Trump's investing secrets in 2010, filed a notice of appeal seeking to take Trump...