Monday’s business headlines
INDIANAPOLIS (WISH) — Here’s a look at Monday’s business headlines.
MBA program
A college rating website that aggregates school rankings from a variety of publications has just released its list of top MBA on-campus programs for 2022, and two business schools in Indiana made the top 20.
The MBA program at the Indiana University Kelly School of Business had the highest placement of schools in the Hooiser state, coming in at No. 6. The Mendoza College of Business at the University of Notre Dame comes in at No. 20.
College Consensus uses publisher and student reviews from annual rankings conducted by Bloomberg, Forbes, US News and World Report, among others.
Epic Games appeal
A U.S. district judge mostly sided with Apple, rejecting Epic’s claims that the iPhone maker is a monopoly.
Now, the videogame maker says it will appeal.
The judge didn’t rule that Apple needs to restore Fortnite, Epic’s hit game at the center of the lawsuit, to the App Store or Epic’s Apple developer account. She also rejected the need for third-party app stores and didn’t force Apple to lower its App Store revenue cut of 15% to 30%.
Epic Games makes the hugely popular Fortnite.
UPS
UPS is buying local logistics technology startup Roadie as it tries to offer same-day delivery.
Roadie has 200,000 drivers and a footprint that covers 90% of the U.S.
UPS said that Roadie drivers can deliver items that don’t fit because of their size or because they are perishable. They can also deliver items that are in shopping bags.
Food prices
Kroger says food prices will rise 2 to 3% this year, more than the grocer had expected.
This is due to soaring prices for beef, pork and poultry. Beef prices have risen 14% this year while pork prices have jumped 12.1% and poultry prices are higher by nearly 7%.
Kroger executives also said organized crime is leading to stealingg of items where law enforcement is lax and that is leading to bigger losses than expected.