Clock ticking for decision on landmark insider-trading ruling
Time is running out for the United States to ask the Supreme Court to review a ruling that could lay the framework for how insider trading will be prosecuted for years to come.
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Simon sees jump in cash flow, sunny skies ahead
Simon Property Group Inc., the largest U.S. mall owner, on Friday reported a 22-percent jump in second-quarter funds from operations and increased its full-year forecast as rising employment helps lure shoppers.
Taxpayers could lose billions as U.S. students escape loans
The unwinding of for-profit education companies could allow tens of thousands of students to walk away from their federal loan obligations.
Owner of 3 Indiana casinos sells real estate in $4.7B deal
The deal will create a combined real estate investment trust that will own 35 casino and hotel facilities in 14 states, including three in Indiana.
NCAA seeks to halt looming rule allowing colleges to pay athletes
The National Collegiate Athletic Association has asked an appeals court to block a ruling that requires the organization to allow its member schools to pay student-athletes at least $5,000 a year starting Aug. 1.
Lilly partner Immunocore raises record $320 million
Immunocore Ltd., which this week achieved the biggest private fundraising by a European biotechnology firm in 10 years, plans to accelerate development of its cancer therapy using the money and seek expedited approval.
NCAA must pay $46 million in legal fees in O’Bannon lawsuit
Judge Nathanael Cousins cited the “Game of Thrones” series in awarding the fees and costs to the attorneys who represented Ed O’Bannon, the former UCLA basketball player who challenged the NCAA’s rule restricting athlete compensation in a 2009 lawsuit.
Subway planned to rebrand Fogle as family man before raid by FBI
Before federal investigators raided the Zionsville home of Subway spokesperson Jared Fogle on Tuesday, the company was in the midst of rebranding him to revive stagnant sales.
New York Stock exchange shutdown lasts three-plus hours
The New York Stock Exchange halted trading for 3-1/2 hours Wednesday because of a computer malfunction, forcing traders to route orders elsewhere in a drama that also highlighted the resilience of U.S. market structure.
New York Stock Exchange suspends trading in all securities
Equity trading was halted Wednesday at the New York Stock Exchange as the biggest American share venue addressed a computer malfunction and canceled open orders.
Lilly, partner sue Lupin over generic testosterone
Indianapolis-based Eli Lilly and Co. and Acrux DDS Pty Ltd. have filed a lawsuit against Lupin Pharmaceuticals Inc. for alleged infringement of patents that cover the testosterone treatment Axiron.
Clot risk in Lilly lung-cancer drug raises FDA concerns
The drug, known as necitumumab, improved patients’ overall chances of survival, yet people taking the medicine also experienced more risk, Food and Drug Administration staff said in a report Tuesday.
Aetna-Humana deal could push Cigna to take Anthem offer
With Aetna Inc. and Humana Inc. agreeing to a $37 billion merger, pressure is mounting on the other major health insurers, including Cigna Corp. and Anthem Inc., to make their own deals.
Aetna agrees to buy Humana in $37B deal
Aetna Inc. agreed to buy Humana Inc., the second-largest provider of private Medicare insurance, for $37 billion in cash and stock to broaden its health-care coverage.
McDonald’s localizes menus with pulled pork, bacon McMuffins
The world’s biggest restaurant chain, hoping to appeal to wider swaths of Americans, is working to offer more locally relevant fare, such as pulled-pork sandwiches in Indiana, bacon and white-cheddar Egg McMuffins in Chicago and cranberry-orange muffins in the Midwest.
Sysco terminates planned $3.5B takeover of US Foods
Sysco Corp. called off its planned $3.5 billion takeover of US Foods, it announced Monday, after a federal judge blocked the combination. Both companies have large distribution operations in central Indiana.
State to issue $95M in bonds for Speedway next week
The Indianapolis Motor Speedway is getting upgrades including high-definition video displays, Wi-Fi, and refurbished seats and concession stands.
Deep in ‘Cave,’ Lilly CEO decided Alzheimer’s drug’s fate
Eli Lilly and Co. is preparing to release data on its experimental Alzheimer’s disease treatment, solanezumab, after years of sometimes positive but often discouraging research.
Gay marriage legalized nationwide by U.S. Supreme Court
Same-sex couples have a constitutional right to marry nationwide, the U.S. Supreme Court said Friday in a historic 5-4 ruling.
London mayor discussing $16B biotech fund with Lilly, others
London Mayor Boris Johnson is proposing a $16 billion fund to encourage growth of emerging health-care companies in the United Kingdom in an effort to catch up to biotechnology clusters in the United States.