David Simon and Bobby Taubman are battling now in court over whether Simon Property Group is obligated to complete the $3.6 billion purchase of Michigan-based Taubman Centers that it announced in February.
An investment group led by finance-industry veterans V.J. Dowling and David Delaney owns 7% of Protective’s voting stock and had proposed buying the remainder for more than $44 million.
Retail landlords received quite a jolt when they discovered that some of the most lustrous names in retail want pandemic-related rent concessions like those being offered to struggling tenants.
Signaling a legal brawl lies ahead, Taubman said Simon “continues to be bound to the transaction in all respects.”
The one-two punch of the pandemic and protest-related violence raises questions about whether downtown can recover. Experts and community leaders say yes—but only with concerted effort and strong leadership.
The owners of Centos Shoes, Red’s Classic Barber Shop and J. Benzal Menswear talked to IBJ about the damage their companies suffered after a violent weekend downtown and how they plan to move forward.
The shop, which opened in 2007, has been closed since March because of the pandemic. It aims to reopen Tuesday.
The combination of the pandemic and ransacking of his business has been hard for the owner of the nearly 50-year-old shop to take.
The company is one of many across the globe in a mad rush to develop radioligand therapies for cancer treatment—a field that’s expected to see explosive growth.
The business—formerly Baldwin & Lyons Insurance—is one of central Indiana’s oldest public companies.
Rating agencies, which already ranked Steak n Shake on the lowest rungs of their creditworthiness ladders, further sounded the alarm bells in recent weeks after Steak n Shake paid off some of its debt at a discount—something a lender never would agree to if it thought it was going to be paid in full.
Some lawmakers and policymakers have complained that Paycheck Protection Program loans ended up in the hands of larger, publicly traded companies at the expense of small businesses that need them most.
The virus-wracked federal prison system has been broadening the ranks of inmates eligible for transfer to home confinement as officials seek to limit the spread of the coronavirus.
Firms across the country from a broad range of industries will be taking a hard look at their dividends in the coming weeks, as the pandemic forces businesses to focus on conserving cash.
Many of Indiana’s 54 public companies have withdrawn their earnings guidance for the year, even as executives emphasize their belief that they are positioned well for the long term.
The company is cutting more than 100 employees and furloughing others as it weathers the temporary shutdown of much of the retail industry.
The lawsuit, brought on behalf of one of the victims of Dr. Jonathon Cavins, says a 2004 sexual battery case against him should have been a red flag.
The entire airline industry is in crisis as a result of the COVID-19 pandemic and accompanying recommendations and mandates for social distancing.