Anthem, Cigna may be forced to reveal merger-dispute documents
Letters and emails between the two companies might become evidence in the Justice Department’s lawsuit seeking to halt the $48 billion deal.
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Pacers have plan to connect fans to beer, burgers faster
The team is working with a startup called WaitTime, which will use cameras and artificial intelligence to send fans to the shortest lines. If it works, the Pacers could stand to make a lot more money.
TV ratings for vice presidential debate lowest since 2000
It was the smallest audience for a vice presidential debate since 2000, when 29 million people watched Dick Cheney and Joe Lieberman square off.
Pence stays cool with Kaine on attack in running-mate debate
Tim Kaine repeatedly tried to bait Mike Pence into defending his running mate’s most controversial statements, but the Indiana governor deflected the attacks with the kind of discipline Republicans have been urging Donald Trump to display.
Salesforce to buy marketing startup Krux for about $700 million
The cash-and-stock deal is the latest acquisition by Salesforce.com Inc. in a strategy to expand its products against growing competition from bigger rivals.
Retailer Cabela’s agrees to $5.5 billion buyout by Bass Pro
The offer of $65.50 a share in cash represents a 19 percent premium to Cabela’s most recent closing price, the companies said Monday in a written statement.
Gannett, Tronc could be nearing $673 million merger
Gannett Inc., publisher of The Indianapolis Star, has been actively pursuing an acquisition of the Chicago-based newspaper chain formerly known as Tribune Publishing, but has thus far been rebuffed.
UPDATE: CNO ends deal with Platinum-tied insurer, to take $55M loss
CNO Financial Group Inc. said it ended a risk-transfer deal with a reinsurer tied to embattled hedge fund Platinum Partners and has filed suit against executives of Beechwood Re. CNO shares tumbled after the news.
NFL games in London sell out almost every time, but still lose money
In the 10 years the National Football League has played in London, all but one of the 14 games have sold out, including Sunday’s game featuring the Indianapolis Colts. The games are still losing money, but that’s about to change, says an NFL exec.
Hospitality experts disagree on West Elm’s chances for hotel success
Bjorn Hanson, of New York University’s Tisch Center for Hospitality and Tourism, expressed doubt at the home-furnishing retailer’s plan to open at least five hotels, including one in Indianapolis.
Chuck Taylor sequel flops, dealing blow to Nike’s Converse brand
With a lot of fanfare last July, Converse released a more expensive version of the classic Chuck Taylor, the iconic brand designed by the former basketball player and salesman from Indiana. But fans still prefer the older model.
Feds seek letters allegedly showing disputes between Anthem, Cigna
Anthem Inc. and Cigna Corp. are refusing to provide letters between the two insurers that the U.S. government contends will show that they get along so poorly that they wouldn’t be able to effectively merge.
Report: Salesforce among firms in acquisition talks with Twitter
Speculation that Twitter is ripe for a sale has been swirling for months as the company has failed to lure new users.
Rolls-Royce shakes up top management amid ongoing restructuring
The London-based company, which has 4,000 employees in Indianapolis, has cut divisions and eliminated more than 600 senior and middle-management positions over the past year. It just hired a new chief financial officer.
UPDATE: Anthem, Cigna accusing one another of merger breach, U.S. says
The Justice Department, which is trying to stop a $48 billion merger between insurance giants Anthem and Cigna, said in a court filing that the firms are accusing each other of breaching their agreement, creating a “state of hostility” between the companies.
Holiday sales predicted to grow, but big chains to get smaller piece
Consumers are expected to buy more Christmas and other holiday gifts from niche retailers this year, pulling spending away from big store operators.
Chief exec has big plan to revive struggling Toys R Us
The chief executive who turned around Domino’s Pizza is trying to do the same for the problem-plagued Toys R Us chain, which has several stores in Indianapolis. Toymakers have every reason to be rooting for him.
ITT Educational Services files for bankruptcy after shutdown
The Carmel-based, for-profit educator began liquidation proceedings Friday after closing 136 technical schools, leaving over 35,000 students stranded in one of the largest college shutdowns in U.S. history.
ITT Educational hires liquidator to sell off ‘all’ assets
ITT Educational Services Inc., the 70-year-old for-profit college operator that shut down its 136 technical schools last week, has hired advisers to liquidate its assets, according to one of the firms brought in to handle the sales.
Golfsmith bankruptcy brings fresh woes to Under Armour, Nike
Golfsmith, which has 109 stores in the U.S. and 55 in Canada, filed for Chapter 11 bankruptcy on Wednesday. The retailer has one store in Indianapolis.