Land & Buildings Investment Management is teaming with fellow activist firm Orange Capital to push for changes at Macerich Co., the mall owner that rejected a $16.8 billion takeover bid from Indianapolis-based Simon Property Group Inc.
Brokers and insurance agents providing retirement-savings advice would have to put clients’ interests ahead of their own under a plan that will face stiff opposition from Wall Street and Republican lawmakers.
Sears will transfer 10 properties valued at $228 million to a company that it will own jointly with Indianapolis-based Simon Property Group, the companies said Monday.
The Indianapolis-based landlord will either purchase the shares on the open market or in privately negotiated deals, Simon said.
Bank of America Corp. faces a lawsuit by former Indianapolis Colts star defensive end Dwight Freeney, who claims the bank set him up with an unqualified private banker and her “notorious financial predator” boyfriend.
An analyst predicted Macerich Co. could face a sustained period of underperformance after the shopping mall owner spurned the $16.8 billion offer from Simon Property Group Inc.
Indiana-based companies including Eli Lilly and Co. and Anthem Inc. sent a letter to state leaders Monday asking them to enact legislation clarifying the state’s new religious-freedom law.
The average resale price for an all-session strip of tickets to the April 4 semifinals and April 6 title game is $1,893, according to secondary market ticket aggregator TiqIQ.
The parent to Indianapolis-based Dow AgroSciences LLC agreed to sell almost all of its chlorine business, the world’s largest, to Olin Corp. in a $5 billion deal as it pares less profitable products.
President Barack Obama is enlisting private companies into his drive to change the way the U.S. pays its medical bills, including insurers Anthem Inc. and Cigna Inc. and casino chain Caesars Entertainment Corp.
Twenty-two states, including Indiana, have rallied around Texas in its legal challenge to RadioShack’s plan to sell personal data on 117 million customers.
New research from the Mayo Clinic is bringing back a long-running debate over whether drug companies like Eli Lilly and Biogen are focusing on the right target in developing therapies to treat the disease.
The results of an experimental drug for Alzheimer’s disease provide the best evidence so far that the memory-robbing condition is caused by an errant protein in the brain. Drugmakers including Eli Lilly have been concentrating their Alzheimer’s research on that area.
By buying Macerich, the largest U.S. mall owner would expand its holdings on the West Coast and add top-tier properties that rarely come up for sale. The offer will be withdrawn if Simon is unable to meet with Macerich to negotiate terms of an agreement by April 1.
Under Armour is forging a path in a sneaker industry dominated by Nike Inc. by signing big deals with high-profile college programs like Notre Dame.
The NCAA men’s basketball tournament really gets going Thursday with 16 games on the schedule. Here’s a quick look at the figures, other than basketball scores, that make the tournament a success.
Two senior U.S. senators demanded Anthem Inc. pick up the pace in notifying as many as 79 million Americans that their personal information may have been stolen from the health insurer in a computer breach last month.
Macerich Co.’s rejection of a $16 billion buyout offer and adoption of takeover defenses leaves Simon Property Group Inc. with few options but to make a higher bid to win the mall landlord.
The Indianapolis-based NCAA presented its case to the U.S. Court of Appeals on Tuesday in an effort to reverse a judge’s ruling that the organization is running a multibillion-dollar cartel that cheats athletes.
California-based mall owner Macerich Co. has rebuffed an unsolicited takeover bid from Simon Property Group Inc., saying it substantially undervalues the company and raises antitrust concerns. Analysts and investors expect Simon will make a higher bid.
