LaSalle Bank, which has offices downtown and in Carmel, will be spun off by its Dutch Parent, ABN Amro, to Charlotte, N.C.-based Bank of America for $21 billion as part of a larger deal considered to be the world’s biggest financial-services takeover. ABN Amro this morning said it would back a $91 billion acquisition offer […]
The planned acquisition of LaSalle Bank by Bank of America announced this morning would likely mean an expansion of small-business lending in Indianapolis, said a banker who competes in the market. Jim Young, president and CEO of Indiana Business Bank, said Bank of America would build on the foothold established in Indianapolis by Chicago-based LaSalle. […]
Bank of America likely will boost small-business lending in the Indianapolis area if it follows through on its $16 billion acquisition of LaSalle Bank, banking observers say. However, they believe it would delay building a retail branch network until it could buy another bank with an established branch presence, local experts say. Jim Young, CEO […]
A group led by Royal Bank of Scotland has made a $98.5 billion offer for ABN Amro, the Dutch parent of LaSalle Bank. The bid is higher than the $90 billion deal offered Monday by London-based Barclays Plc. A condition for the Edinburgh, Scotland, institution—along with bidding partners Santander Central Hispano SA and Fortis—is that […]
A Dutch judge has ruled that Netherlands-based ABN Amro Holding NV cannot spin off its LaSalle Bank arm without shareholder approval, according to Bloomberg and other news outlets. Today’s ruling halts the pending $21 billion purchase by Bank of America, headquartered in Charlotte, N.C. The sale was announced April 23. LaSalle is headquartered in Chicago; […]
Bank of America has asked a New York court to stop Dutch bank ABN Amro Holding NV from selling LaSalle Bank to other buyers, according to Bloomberg. ABN Amro announced April 23 that it had sold Chicago-based LaSalle to Bank of America for $21 million. The same day, ABN Amro also said it had agreed […]
The Netherlands’ supreme court has ruled that ABN Amro Holding NV is not required to seek shareholder approval to sell its LaSalle Bank unit. Today’s decision clears the way for the sale of LaSalle to Bank of America, of Charlotte, N.C. LaSalle Bank, headquartered in Chicago, has virtually no retail presence in Indianapolis, instead focusing […]
HH Gregg has grown from a local to a national consumer electronic store chain and has its eye on expanding further, given
Circuit City’s bankruptcy filing.
Eli Lilly & Co. has filed lawsuits against seven generic drug companies in federal court in Indianapolis, asking a judge to
declare its Cymbalta patent valid and to tell the generic companies to back off.
Simon Property Group Inc. CEO David Simon hasn’t lost his swagger in the ugliest retail environment of his career. During a conference call with Wall Street analysts Jan. 30, Simon touted his fi rm’s conservative balance sheet and best-in-class mall portfolio. Responding to a question about how the company is handling retail store closings, he […]
Despite assurances of strength, Simon Property Group Inc. has decided to pay 90 percent of its dividend in stock, a move that allows the company to hold onto $925 million in cash this year but could alienate shareholders drawn by the dividend.
NOTEWORTHY CONTROL Dimensional Fund Advisors LP Number of Class B common shares: 2,119,048 Percentage of common shares: 8.4 Deutsche Bank AG Number of Class B common shares: 1,415,641 Percentage of common shares: 5.6 Barclays Global Investors NA Number of Class B common shares: 1,417,370 Percentage of common shares: 5.6 >
Eli Lilly and Co. won U.S. approval for its drug Symbyax as a medicine for treatment-resistant depression, the company announced today. The U.S. Food and Drug Administration OK’d Symbyax as the first drug for the acute treatment of treatment-resistant depression. So-called TRD is depression that has not improved when treated by two other antidepressants. Symbyax […]
Eli Lilly and Co. won U.S. approval for its drug Symbyax as a medicine for treatment-resistant depression, the company announced today. The U.S. Food and Drug Administration OK’d Symbyax as the first drug for the acute treatment of treatment-resistant depression. So-called TRD is depression that has not improved when treated by two other antidepressants. Symbyax […]
CTS Corp. CTS Corp., 905 W. Boulevard North, Elkhart, 46514 (www.ctscorp.com), designs, manufactures, assembles and sells electronic components and sensors. For the quarter ended March 31, 2009, the company reported a net loss of $35.7 million, or $1.06 per diluted share, on $118.1 million in revenue. That compares with net income of $6.7 million, or […]
HHGregg Inc. said this morning it projects fiscal first-quarter profit to beat analyst expectations despite shrinking revenue
and a sharp decline in same-store sales.
HHGregg Inc. said this morning it projects fiscal first-quarter profit to beat analyst expectations despite shrinking revenue and a sharp decline in same-store sales. The Indianapolis-based appliance and electronics retail chain also announced plans today to sell at least 3 million additional shares of its common stock at a to-be-determined price. For the quarter ended […]
Indianapolis-based HHGregg today said it would price a previously announced public stock offering at $16.50 per share in hopes of raising about $53 million. The appliance and electronics retail chain announced the offering of 3.5 million shares of its common stock last week. Credit Suisse Securities LLC and Barclays Capital Inc. are the joint underwriters […]
Eli Lilly and Co. has blasted past analysts’ earnings projections for two straight quarters. But if Lilly officials
take that as a sign they can breathe easier, they need only flip through a stack of Wall Street research reports on the company.
A survey shows wealthy investors are targeting real estate. But what about Indianapolis?
