Rare loss for Big Pharma will cost industry billions
Drugmakers will have to offer a much more generous discount to Medicare beneficiaries who fall into the so-called donut hole coverage gap.
Bloomberg News
Articles
Zero-percent auto loan era fading into America’s rearview mirror
Carmakers that used zero-percent financing offers to juice sales at the height of the American auto boom are starting to abandon them as rising interest rates lift their own borrowing costs.
Trump administration moves to cut Obama-era fuel-efficiency rules
The Trump administration announced that fuel-efficiency regulations for cars and light trucks are too stringent and must be revised.
Walmart reportedly in talks with Humana for deeper partnership or merger
Walmart and Humana have explored a wide range of options including a merger, according to a source familiar with the situation.
World’s biggest toymakers aren’t having much fun these days
There’s trouble in toyland. Sales at the world’s three biggest toymakers—Lego A/S, Hasbro Inc. and Mattel Inc.—slumped during the crucial 2017 holiday season, and the outlook for 2018 isn’t much better.
Loyola-Chicago’s $8.5M Final Four run helps nine other schools
Nine other universities—including three in Indiana—stand to make money off Loyola University’s unexpected march to college basketball’s Final Four
NCAA headed to another trial over pay-for-play rules
A federal judge in Oakland, California, on Wednesday refused a request from the Indianapolis-based NCAA to throw out the case and scheduled a trial.
Babies ‘R’ Us demise sets off scramble for baby registries
The liquidation of Toys “R” Us Inc. has raised a big question: What happens to all the customers who had baby registries at the soon-to-be-defunct retailer?
Saks parent, a Simon Property partner, unable to escape slump
The rebound taking shape in parts of the retail industry eluded the owner of the Saks Fifth Avenue and Lord & Taylor department stores, which failed over the holiday season to reverse a decline in same-store sales.
Warehouses now more valuable than office buildings, thanks to Amazon
Despite a lot of construction, warehouses are being leased as soon as the cranes come down. Indianapolis, Phoenix and California’s Inland Empire are among the hot markets nationally.
Brookfield’s deal for GGP seen as underpriced, bad for malls
Brookfield Property’s deal to take over shopping center landlord GGP Inc. isn’t winning over Wall Street analysts, nor is it scoring points with investors in retail real estate stocks, including Indianapolis-based Simon Property Group.
Brookfield Property to buy Simon Property rival for $9.25 billion
GGP Inc., known as General Growth Properties until changing the name a year ago, is the second-largest U.S. shopping mall owner behind Indianapolis-based Simon Property Group.
U.S. stocks end skid, have best best day since 2015
U.S. stocks surged back from the biggest weekly rout in two years, with major benchmarks climbing more than 2.7 percent Monday on signs that an escalation of trade tensions was beginning to ease.
Finish Line’s merger with British suitor could pose challenge to Foot Locker
Combining Indianapolis-based Finish Line Inc. and JD Sports Fashion from across the pond could create a firm within striding distance of the sports apparel industry’s heavyweight, according to an analyst.
Stocks tumble again in biggest weekly decline since 2016
Concern is rising that that a trade war and higher borrowing rates could throttle global growth.
Sources say Kroger-Target merger report not accurate
Shares of Target Corp. and Kroger Co. jumped Friday morning after a business newsletter reported that the two retailers were in talks to merge. But several other media outlets said there was no truth to the report.
Trade worries send stock market plunging
U.S. stocks took their biggest tumble in six weeks Thursday as investors reacted to the threat of an escalating trade war with China that has the potential to disrupt global growth.
Facebook shares continue to fall amid talk of FTC probe
Facebook shares declined in morning trading, falling 5.5 percent, to $163.08 each. That follows a drop of 6.8 percent Monday that was the company’s largest since March 2014.
Amazon’s Whole Foods acquisition already shaking up grocery business
Amazon.com’s Inc.’s acquisition of Whole Foods Market—the national grocery chain that is opening its third local store in downtown Indianapolis on Wednesday—has sparked major disruptions in the grocery industry in the short time since the deal closed in late August.
Simon among landlords that will have to deal with Toys ‘R’ Us properties
The collapse of Toys “R” Us Inc. is yet another blow for landlords—including Indianapolis-based Simon Property Group—who now will have gaping holes of suburban retail space up for grabs. And few tenants would want them.