Shares of Eli Lilly and Co. stagnated in Wednesday morning trading as investors and patients wished that the effects of solanezumab were more pronounced. Rival Biogen offered muddy results from its own Alzheimer’s drug.
Auburn Hills, Michigan-based BorgWarner Inc. announced plans Monday to buy Pendleton-based auto parts maker Remy International Inc.—the 12th largest public company in the Indianapolis area and the 25th largest in Indiana.
One of the stumbling blocks to a deal has been Cigna’s insistence that its CEO, David Cordani, serve as CEO of the merged company.
Magnetation LLC, which operates a massive iron ore pellet plant in Indiana, has filed for bankruptcy. The company announced plans for the Reynolds plant in late 2012, saying it would spend as much as $350 million on the facility and create up to 100 jobs there by the end of this year.
The Indianapolis-based maker of genetically modified seed traits and weed killers said Thursday that it earned $409 million before interest, taxes, depreciation and amortization, down by 19 percent from the same quarter a year ago.
U.S. cable company Charter Communications Inc. is in talks to acquire Bright House Networks, people with knowledge of the matter said. Bright House has more than 120,000 customers in central Indiana.
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.
Although the experimental diabetes drug is in final-stage testing and showing promising results, Lilly wants to better understand its effect on liver fat.
RadioShack Corp. can start getting rid of its inventory right away, a judge said in approving the 94-year-old consumer-electronics chain’s request to begin store-closing sales. The list includes more than a dozen local stores.
Cache Inc., which has a store in the Fashion Mall at Keystone, has filed for Chapter 11 protection and might liquidate its inventory. Simon Property Group is the retailer’s largest creditor.
Indianapolis-based Duke announced the massive sale Wednesday at the same time it released a quarterly financial report that mostly met analyst expectations
The Indianapolis-based drugmaker said its long-term strategy is on track, but predicted sales this year would be $20.3 billion to $20.8 billion, a shade below what Wall Street was expecting.
Deb Shops, a woman's clothing retailer with stores in three area malls, has filed for bankruptcy protection for the second time in three years and could close its stores.
About one month after receiving court approval to sell its 32-bed acute-care surgical hospital in Bloomington, Monroe Hospital LLC filed a Chapter 11 plan of liquidation.
Covance manages clinical trials for drugmakers including locally-based Eli Lilly and Co. It employs about 1,500 workers in Indianapolis and Greenfield.
The data breach affected a dozen stores in Indiana, including four in Indianapolis and one in Carmel.
The operator of the Indiana Toll Road, owned by affiliates of Macquarie Group Ltd. and Ferrovial SA, sought bankruptcy protection Monday as expected after dwindling traffic soured a $3.8 billion bet on a 75-year lease.
An examiner will be appointed to conduct an investigation into the bankruptcies of two affiliates of troubled Indianapolis-based developer HDG Mansur. A judge, for the time being, denied a request to appoint a Chapter 11 trustee or convert the case to a liquidation in Chapter 7.
Washington Prime Group Inc. has agreed to buy Glimcher Realty Trust of Columbus, Ohio, in a deal valued at about $4.3 billion when including assumed debt. As part of the transaction, Simon Property Group will acquire two malls for $1.09 billion in cash.
Two affiliates of troubled Indianapolis-based developer HDG Mansur oppose requests to appoint a Chapter 11 trustee or convert the case to a liquidation in Chapter 7, saying significant progress has been made toward a plan and global settlement of claims.
