Indianapolis-based Simon and Brookfield, which together bought rival department-store chain J.C. Penney Co. out of bankruptcy, have offered $68 a share for Kohl’s, according to people with knowledge of the talks.
Indianapolis is predicted to fare better than many other markets, but is still expected to see a decline in hotel business travel revenue of 16.4%.
Indiana has two Disney Store locations—one in Indianapolis at Castleton Square Mall and one in Merrillville.
Steak n Shake was preparing for a potential Chapter 11 filing earlier this month while the company negotiated with holders of the debt, Bloomberg had reported.
The merger announced Monday will boost Columbus, Ohio-based Huntington’s assets to about $168 billion, nudging it closer to regional competitors Fifth Third Bancorp and KeyCorp.
Texas, Michigan and Georgia. Illinois, Oregon and Indiana reported the largest increases in filings during the holiday week.
CVS has developed a program to provide the treatments in their homes, but it won’t be available—at least initially—in Indianapolis.
Guitar Center, based Westlake Village, California, has about 300 stores across the United States, including two in the Indianapolis area. It also has local warehouse operations.
Indiana also experienced a weekly decrease in initial jobless claims, according to Labor Department data released Thursday.
Fewer Americans than expected sought unemployment benefits last week. The latest claims numbers reflect gradual labor-market improvement but remain well above pre-virus levels.
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.
