Many of Indiana’s 54 public companies have withdrawn their earnings guidance for the year, even as executives emphasize their belief that they are positioned well for the long term.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.
Since the start of 2020, Simon shares have lost 67.7% of their value—chopping $31 billion off the company’s market capitalization.
Early this century, the NCAA enlisted the accounting firm Deloitte to conduct a risk assessment, one that looked at the seemingly preposterous notion that the NCAA men’s basketball tournament—one of the most lucrative events in sports—would be canceled.
The owners of the city’s two largest hotels are considering closing them amid drastic decreases in business caused by the COVID-19 outbreak.
There’s little money to be made—and lots to be lost—by losing their cool when stocks go south, as they did to a historic magnitude over the past week.
The verdict was a huge setback for the 5,200 mom-and-pop Ohio investors who lost more than $200 million in a Ponzi scheme engineered by Indianapolis businessman Tim Durham.
This is the third reported positive test for COVID-19 in Indiana, and the second in Hendricks County.
A federal judge in northern Ohio has set aside three weeks for the jury trial, which pits Fair Finance Co.’s bankruptcy trustee against one of Fair’s former lenders, the Fortune 500 firm Textron Inc.
In the coming weeks, we’ll be seeking your input to identify the 40 most influential people in central Indiana over the last 40 years, to identify the top stories of the last 40 years and to dream up 40 great ideas to move our community forward in the decades to come.
David Simon said Simon Property Group’s ability to buy a company for $3.6 billion in cash without having to turn to a third party for financing and without suffering credit rating downgrades is a testament to the underappreciated strengths of the business.
The bridge will be funded by the city of Indianapolis and Lilly Endowment Inc., which two years ago awarded 16 Tech a $38 million grant.
The $475,000 grant will fund a study of reconstruction options for the inner loop except for the north split, the first phase of the project, which has already begun. The Indy Chamber Foundation said the study will “inform implementation efforts” in the year 2030 and beyond.
The deal sends a resounding message that Simon remains a devout believer in retail real estate, even as the rise of e-commerce has knocked the sector out of favor across the globe.
The deal is the latest evidence of Simon’s willingness to step into an ownership role to rescue mall chains that overexpanded and made other blunders as the internet roiled the fashion-retailing industry.
Industry veteran Jeff Smulyan is pairing with a low-profile New York hedge fund manager once described as “the most important, least known man in TV.”
The FAA asserts that AirXL jets are operating under the wrong section of FAA regulations, but it hasn’t brought an enforcement action.