The tentative rescue deal, which would preserve about 70,000 jobs, includes a $300 million equity investment by landlords Simon Property Group and Brookfield Property Partners, a lawyer for J.C. Penney said at a Wednesday bankruptcy hearing in Texas.
J.C. Penney filed for bankruptcy May 15, part of a wave of already-struggling merchants undone by the pandemic. Simon Property, Brookfield Property Partners and Authentic Brands Group were in talks to buy the retailer.
The agency conducted a survey looking at antibodies to the virus in 10 U.S. regions, including Indiana. It found prevalence was highly variable from one region to the next, but far higher than the reported number of cases across the board.
Roche Diagnostics’ North American headquarters in Indianapolis will be the shipping and distribution hub for all tests distributed in the United States, the company said.
Indianapolis-based Roche Diagnostics said Monday that it has begun shipping an initial order of 400,000 COVID-19 test kits to a network of more than 30 hospital and laboratories.
Authentic Brands Group, Simon Property Group Inc. and Brookfield Property Partners LP have finalized their $81 million acquisition of the struggling retailer, they announced Wednesday.
Drug industry analysts on Monday applauded Eli Lilly and Co.’s pending $8 billion cash deal to buy a startup that focuses on oncology, which has become a prime focus for the pharma giant in the last year.
President Donald Trump is expected to headline a rally Friday in a Marion County high school gymnasium. He also plans an appearance in Fort Wayne on Nov. 5.
Mattress Firm’s initial round of closures will include at least one store in Indianapolis and two others elsewhere in Indiana.
The e-commerce giant hopes to make another incursion into the physical world of the consumer experience by acquiring Landmark Theaters.
Had the deal gone through, it would have reshaped the Indianapolis television landscape. Chicago-based Tribune owns WTTV-TV Channel 4 and WXIN-TV Channel 59.
It’s the latest legal challenge over a change in policy that Indianapolis-based Anthem says was designed to cut down on patients going to an emergency room in situations that don’t require it.
One of the largest regional pain management groups is closing more than half of its clinics amid worsening financial troubles and a federal criminal investigation that targeted its former chief executive.
The Indianapolis pharmaceutical giant is evaluating whether to keep the division, which makes animal-health products, or sell it or take it public. An analyst said it might fetch $16 billion.
Signet Jewelers Ltd., which operates at least 18 stores in the Indianapolis area and thousands nationwide, is betting that a shift online can help pull the company out of a sales slump.
The world’s largest toy chain is planning to close about 180 Toys “R” Us and Babies “R” Us stores nationally as part of a reorganization plan to emerge from its September bankruptcy, according to a court filing.
Seattle-based Amazon solicited proposals in September for its second corporate seat, a project that’s expected to cost more than $5 billion and create 50,000 jobs.
As it adds the Ascent SUV to its roster, the Subaru of Indiana Automotive plant in Lafayette plans to boost its already enormous workforce by as many as 200 employees by the end of 2018.