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Dwindling traffic led to bankruptcy filing, toll road operator says

September 22, 2014
The operator of the Indiana Toll Road, owned by affiliates of Macquarie Group Ltd. and Ferrovial SA, sought bankruptcy protection Monday as expected after dwindling traffic soured a $3.8 billion bet on a 75-year lease.

Examiner appointed in HDG Mansur bankruptcy case

September 18, 2014
An examiner will be appointed to conduct an investigation into the bankruptcies of two affiliates of troubled Indianapolis-based developer HDG Mansur. A judge, for the time being, denied a request to appoint a Chapter 11 trustee or convert the case to a liquidation in Chapter 7.

Simon spinoff plans $4.3B merger with Ohio mall firm

September 16, 2014
Washington Prime Group Inc. has agreed to buy Glimcher Realty Trust of Columbus, Ohio, in a deal valued at about $4.3 billion when including assumed debt. As part of the transaction, Simon Property Group will acquire two malls for $1.09 billion in cash.

Liquidation not needed, developer HDG Mansur tells court

September 15, 2014
Two affiliates of troubled Indianapolis-based developer HDG Mansur oppose requests to appoint a Chapter 11 trustee or convert the case to a liquidation in Chapter 7, saying significant progress has been made toward a plan and global settlement of claims.

After WISH drama, CBS reaches deal with Lin for other affiliates

August 28, 2014
CBS Corp. has agreed to renew affiliation agreements for 12 stations owned by Lin Media after it played hardball with the company and dropped its ties with WISH-TV in Indianapolis.

WellPoint to change corporate name back to Anthem

August 12, 2014
The name change will be completed by the end of the year, pending shareholder approval, the company said Tuesday.

Struggling hospital finds buyer, enters bankruptcy protection

August 12, 2014
Bloomington’s Monroe Hospital, which has had a close relationship with Indianapolis-based St. Vincent Health, filed for bankruptcy reorganization on Friday and plans to sell its business to a Canadian operator.

Dow Agro reports record second-quarter sales

July 23, 2014
Dow AgroSciences LLC posted sales of $1.9 billion in the second quarter, an increase of 3 percent over last year's second period, the Indianapolis-based company reported Wednesday morning.

Court nixes Obamacare subsidies for Indiana, 35 other states

July 22, 2014
The Obamacare tax credits that brought nearly $400 million to Indiana this year to help Hoosiers buy health insurance could go away after a federal appeals court ruled Tuesday they were illegal.

Steel Dynamics buying Mississippi plant for $1.6B

July 21, 2014
Fort Wayne-based Steel Dynamics said the plant it is buying from a company controlled by Russian billionaire Alexey Mordashov is one of the newest and most technologically advanced mini-mills in North America.

CNO upgraded by S&P after divesting insurance unit

July 2, 2014
CNO Financial Group Inc. was upgraded by Standard & Poor’s after the Carmel-based company completed the sale of a life insurance unit that was no longer issuing policies.
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