Under Armour’s Final Four Road runs through Notre Dame
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.
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The numbers that really make the NCAA tournament work
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.
Senators demand Anthem hasten notifications on data breach
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.
Simon seen likely to boost Macerich buyout bid after rejection
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.
NCAA appeal says students will lose if amateur sports rules tossed
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.
Macerich rejects Simon Property’s $22.4B takeover bid
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.
Indy’s federal home loan bank still admitting REITs
The Federal Home Loan Bank of Indianapolis is again admitting mortgage-investment firms as members, even as the overseer of the government-chartered system of 12 regional lenders considers barring such companies.
Big Boy owner says exec embezzled much more than estimated
Frisch’s Restaurants Inc. sued former Assistant Treasurer Michael Hudson in January, alleging that he forged payroll documents and falsified accounting entries, then diverted company funds into personal accounts over several years.
NCAA revenue climbs for 14th straight year
National Collegiate Athletic Association revenue rose as income from investments doubled and media rights agreements brought in more money for college sport’s governing body.
Macerich investors want more to clinch mall megadeal
Simon’s acquisition offer is only 6.6 percent higher than Macerich’s average price in the previous 20 days. One reason the premium looks miniscule is because Macerich’s stock had already jumped 24 percent since November on takeover speculation fanned by Simon.
Macerich, Simon shares rise on talk of acquisition
Macerich Co. shares had their biggest increase in three months Thursday morning after the Wall Street Journal reported that Simon Property Group Inc., the largest U.S. mall owner, has made approaches to buy the company.
Simon interested in acquiring West Coast mall owner
Simon Property Group Inc. has approached Santa Monica, California-based Macerich Co. about an acquisition after taking a stake in the company last year, sources say. Macerich, with a market value of $13.3 billion, has a high concentration of West Coast properties.
Republicans fail to override Obama veto of Keystone pipeline
Eight Democrats joined 54 Republicans in voting to overturn the veto, short of the two-thirds super majority needed. Obama said he opposed the bill because it would circumvent his administration’s review, now in its sixth year.
Warnings ordered on testosterone drugs like Lilly’s Axiron
Makers of testosterone drugs must change the products’ labels to clarify that they are approved for only certain disorders, not to help men deal with aging, U.S. regulators said.
Springleaf CEO’s holdings surge to $151M on OneMain deal
Stock held by Springleaf Holdings CEO Jay Levine soared Tuesday after the Indiana-based firm said it would buy OneMain Financial from Citigroup. Still uncertain was how the deal would affect 1,155 Indiana employees after the company moves it headquarters.
Springleaf to move HQ out of state after $4B acquisition
Springleaf Holdings Inc.,a consumer lender that went public in 2013, plans to move its headquarters from Indiana to Connecticut after buying subprime lender OneMain Financial for $4.25 billion in cash.
Republicans pledge to fight FCC’s web rules backed by Obama
Republican lawmakers pledged to try to overturn net-neutrality rules adopted Thursday by U.S. regulators, as a long-running battle over the handling of Internet traffic shifts to Congress and the courts.
Hesburgh, Notre Dame president for 35 years, dies at 97
Rev. Theodore M. Hesburgh was credited with transforming Notre Dame from a Midwestern university with a national reputation into a national university with an international following.
FCC adopts strong new rules in bid for ‘net neutrality’
U.S. regulators invoked broad powers to ensure that Web traffic for all users is treated equally, adopting net-neutrality rules that supporters say will preserve a wide-open Internet and that opponents vow to fight in court.
Lilly to introduce Lantus copy in Europe after patent expires
Paris-based drugmaker Sanofi had revenue of $8.4 billion from Lantus last year. It lost U.S. patent protection this month and will lose exclusive rights in Europe in May.