Gastropub chain Bar Louie Restaurants filed for Chapter 11 bankruptcy on Monday and closed 38 corporate-owned restaurants across the country. But the Addison, Texas-based chain’s two Indianapolis-area locations are franchises and remain open.
The Indianapolis-based pharmaceutical giant said it plans to acquire ARMO BioSciences Inc., which is working on treatments that activate the immune system of cancer patients to recognize and eradicate tumors.
Gymboree, which is struggling under an enormous load of debt, said it would have to close up to a third of its 1,300 stores nationwide.
The struggling discount chain, which filed for Chapter 11 bankruptcy protection April 4, has released a list of nearly 400 Payless Shoe Source stores that it plans to close immediately nationwide.
The century-old discount department store chain, which has a store in Avon, said it planned to permanently close a distribution center southwest of Indianapolis on May 12.
In Lilly’s partnership with Harvard Pilgrim Health Care, the not-for-profit insurer gets additional rebates if fewer patients using Lilly's diabetes treatment Trulicity meet blood sugar goals than expected.
Indianapolis-based HHGregg Inc. is turning to investment banks “to pursue a range of potential strategic and financial transactions” as the struggling appliances and electronics retailer battles sinking sales.
In the lawsuit, Anthem blasted Cigna, accusing it of repeated efforts to sabotage their proposed merger.
While Anthem said it was “significantly disappointed” by the judge’s order and would seek an expedited appeal, Cigna said only that it “intends to carefully review the opinion and evaluate its options in accordance with the merger agreement.”
The decision casts in doubt the industry’s other big proposed merger—Indianapolis-based Anthem Inc.’s $48 billion bid for Cigna Corp. A ruling on the Justice Department’s challenge of the Anthem deal is pending.
Hundreds of Indiana miners have lost their jobs in recent months as national demand shrinks due to cheaper natural gas and tougher environmental policies.
Indianapolis-based Republic reached a watershed contract agreement with pilots last October, but it wasn’t enough to allow the carrier to regain its financial footing. Republic shares plummeted on news of the bankruptcy filing.
Private-sector employment rose during the month by 3,400 jobs, led by gains of 2,800 jobs in the Construction sector and 2,500 jobs in the Trade, Transportation & Utilities sector.
The U.S. Environmental Protection Agency has asked a federal appeals court to vacate its approval of the Enlist Duo herbicide. The move could reduce the value of Dow Agro, which might be sold by parent Dow Chemical.
Republic Airways Holdings Inc. stock dove Monday morning after the Indianapolis-based company slashed its profit outlook and warned of more flight interruptions from an ongoing labor dispute with pilots.
Dow AgroSciences reported stagnant sales in the third quarter Wednesday morning on softer sales of crop-protection products. Meanwhile, parent company Dow Chemical beat expectations with its quarterly report.
Shares in The Finish Line Inc. dropped as much as 12 percent Friday morning after the company reported second-quarter earnings and revenue that fell short of analyst expectations.