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Monday’s business headlines

FILE - In this June 4, 2018 file photo, Apple CEO Tim Cook speaks during an announcement of new products at the Apple Worldwide Developers Conference in San Jose, Calif. Apple is expected to announce Monday, March 25, 2019, that it’s launching a video service that could compete with Netflix, Amazon and cable TV itself. (AP Photo/Marcio Jose Sanchez, File)

INDIANAPOLIS (WISH) — Here’s a look at Monday’s business headlines with Jane King.

Deals between Nike and NCAA tournament teams

Purdue’s men’s basketball apparel contract with Nike is worth just over $2 million.

Biz Journals says that’s the 25th most valuable among the NCAA tournament teams. $1.7 million of that is in equipment. Another $350,000 is in cash.

Who is the highest paid NCAA basketball coach?

Fox Business says that’s John Calipari at the University of Kentucky, who makes $9.3 million.

Calipari led the Wildcats to a national title in 2012 and coached several current NBA stars.

Apple expected to unveil a bunch of new services

It’s widely expected Apple will launch a video and news subscription service that it hopes will help make up for sluggish iPhone sales.

Apple will show footage of some of its original shows at the event today and reportedly will offer HBO and Showtime for $9.99 a month.

Drunken online shopping is big business, especially for Amazon

Tech and business newsletter the hustle surveyed drinking adults about their online shopping behavior after imbibing and found that on average, shoppers spent more than $400 per year on items bought while intoxicated.

That came to $48 billion a year.

What’s the cheapest national grocery chain to buy organic?

Almost half of Americans buy organic food at least some of the time, according to a recent poll by organic produce company Earthbound Farm. 

CNBC shopped for organic at Aldi, Trader Joe’s, Walmart and Whole Foods.
It found Aldi came out ahead in more categories where all four retailers sold a similar product.

Yet Aldi’s selection of organic products, while growing, remains somewhat limited.