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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.
Through partnerships with county-owned hospitals, Indiana’s nursing homes pulled in about $260 million last year in extra federal funds. That means participating nursing homes enjoyed a 10 percent bonus check.
Former Indianapolis attorney William Conour, whom the government says defrauded former clients of nearly $7 million, is currently serving a 10-year sentence in prison.
A state-funded feasibility study for creating a reservoir on the White River north of Indianapolis severely underestimates the cost of the project, according to a group of Ball State University professors who conducted a peer review of the study.
The U.S. Supreme Court has sided with the Obama administration in upholding a rule making mortgage brokers eligible for overtime pay under federal labor law.
The three largest credit-reporting agencies say they will change how they handle records, including making the dispute process easier for consumers and providing a waiting period before medical debts are reported.
Simon’s hostile bid represents a 30-percent premium to Macerich’s closing price on Nov. 18, the day before Simon disclosed it acquired a 3.6-percent stake in the Santa Monica, California-based mall landlord.
The U.S. Census Bureau found that 2.7 percent of registered nurses in 1970 were men. That percentage is now closer to 10 percent.
The state highway department said a contractor plans to begin work March 16 on a $36 million project for rebuilding and widening I-65 between Southport Road in Indianapolis and the Main Street interchange in Greenwood.
Gov. Mike Pence, Raytheon executives and officials for the Indiana Economic Economic Development Corp. have scheduled a Monday afternoon press conference at Raytheon Technical Service Co. LLC to officially announce the local expansion.
House Speaker Brian Bosma and House Ethics Committee Chairman Rep. Greg Steurwald did legal work for the Indy Eleven and owner Ersal Ozdemir's Keystone Construction Corp.
Rep. Robert Behning, who is sponsoring the measure, said: "We should not be taking bad schools and passing them off to somebody else."
Dozens of proposals have been sidelined, including one that would create a $2 million program to treat those with traumatic brain injuries.
Matthew Kimmick, who starts the new job Monday, has been interim controller since October, when Jason Dudich left the role to become chief of staff.
In an effort to reduce Indiana’s shortage of psychiatrists, Community Health Network will establish a psychiatry residency program in 2016 to provide specialized training to recent medical school graduates. According to Community, 43 of Indiana’s 92 counties have no practicing psychiatrist. “Based on the state’s population, there should be 650 psychiatrists in Indiana, but in […]
Food sales accounted for nearly two-thirds of $40 million in concession sales at the airport last year.
Dr. Jeff Sperring, CEO of Riley Hospital for Children in Indianapolis, will leave to become CEO of Seattle Children’s Hospital in early May, the Seattle hospital announced March 5. Sperring, 45, has been CEO of Riley, which is part of the Indiana University Health hospital system, since late 2011. For two years before that, he […]
The Hoosier State passenger rail line, which runs four days per week between Indianapolis and Chicago, will discontinue operations after April 1, the Indiana Department of Transportation announced Friday.
Wayne ranks second in franchise history in receptions (1,070), yards receiving (14,345) and touchdown catches (80). He was the Colts' first-round draft pick in 2001 and has never played for another team.
Local economic development veteran Katie Culp is joining KSM Location Advisors in the newly created position of president. Culp, 38, came from DTZ, formerly Cassidy Turley, where she spent 10 years. Culp Founded in 2004, KSM Location Advisors is an entity of local accounting firm Katz Sapper & Miller LLP. The 12-person team is […]
