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Top News & Analysis Indiana

  • Vice President Mike Pence on Saturday urged the Republican-controlled Congress to complete the job of dismantling Obamacare this summer and move on quickly to another big-ticket item on President Donald Trump's agenda: tax cuts. "First and foremost, this summer, this Congress must come together and heed the president's leadership, and we must repeal and...

  • SAN FRANCISCO, May 24- Infosys Ltd, the India- based computer services giant, on Wednesday touted its new strategy to hire and train 10,000 American workers over the next two years at the company's annual leadership meeting in San Francisco. H1-B visa program for skilled workers, which has been under fire as the Trump Administration moves to tighten a range of...

  • In his first detailed budget submission to Congress on Tuesday, Trump requested major reductions to programs that help poor families afford groceries and poor and disabled people get healthcare. Some Republicans in Congress cheered Trump's budget. They're really deep, deep cuts, "said Republican Representative Hal Rogers, whose eastern Kentucky district...

  • In his first detailed budget submission to Congress on Tuesday, Trump requested major reductions to programs that help poor families afford groceries and poor and disabled people get healthcare. Some Republicans in Congress cheered Trump's budget. They're really deep, deep cuts, "said Republican Representative Hal Rogers, whose eastern Kentucky district...

  • WASHINGTON, May 22- The U.S. Supreme Court on Monday tightened rules for where patent lawsuits can be filed in a decision that may make it harder for so-called patent "trolls" to launch sometimes dodgy patent cases in friendly courts, a major irritant for high-tech giants like Apple and Alphabet Inc's Google. The ruling is likely to lessen the steady flow of patent...

  • WASHINGTON, May 22- The U.S. Supreme Court on Monday tightened rules for where patent lawsuits can be filed in a decision that may make it harder for so-called patent "trolls" to launch sometimes dodgy patent cases in friendly courts, a major irritant for high-tech giants like Apple and Alphabet Inc's Google. The dispute began when Heartland, a subsidiary of...

  • TOKYO, May 22- Japan's Subaru Co says it is unlikely to increase R&D spending from record levels planned this year, acknowledging that smaller carmakers cannot compete with the budgets and workforces of bigger rivals in developing new technologies. Subaru, the smallest of Japan's major automakers, has earmarked 134 billion yen for R&D in the year to March 2018...

  • Shippoli, a manufacturing engineer at Dan T. Moore Co., a privately-held company which operates nine factories across Ohio and Indiana, won the prize for finding used machines that were a fraction of the cost of buying them new. He is a fan of President Donald Trumps policies and even propped a bright red Make America Great Again hat on the hyena during the campaign.

  • May 12- Boeing Co said on Friday it resumed test flights of its $110- million 737 MAX 8 jetliner, just two days after saying it had grounded the entire fleet to address an engine problem. The resumption of flights, which the plane maker said was backed by air safety regulators, is good news for Boeing and engine-maker CFM International, a joint venture between...

  • Chicago Board of Trade July corn settled up 1-3/ 4 cents at $3.71 per bushel. July soybeans ended down 3-1/ 4 cents at $9.63 a bushel after dipping to $9.60-1/ 2, the contract's lowest since May 1. And we've got a forecast that is starting to get a little bit more intimidating, "said Bill Gentry, a broker at Risk Management Commodities in Lafayette, Indiana.

  • As of 12:51 p.m. CDT, CBOT July corn was up 1-1/ 2 cents at $3.70-3/ 4 per bushel. July soybeans were down 2-1/ 2 cents at $9.63-3/ 4 a bushel after dipping to $9.60-1/ 2, the contract's lowest since May 1. And we've got a forecast that is starting to get a little bit more intimidating, "said Bill Gentry, a broker at Risk Management Commodities in Lafayette, 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...

  • 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...