With a lot of fanfare last July, Converse released a more expensive version of the classic Chuck Taylor, the iconic brand designed by the former basketball player and salesman from Indiana. But fans still prefer the older model.
Anthem Inc. and Cigna Corp. are refusing to provide letters between the two insurers that the U.S. government contends will show that they get along so poorly that they wouldn’t be able to effectively merge.
Speculation that Twitter is ripe for a sale has been swirling for months as the company has failed to lure new users.
The London-based company, which has 4,000 employees in Indianapolis, has cut divisions and eliminated more than 600 senior and middle-management positions over the past year. It just hired a new chief financial officer.
The Justice Department, which is trying to stop a $48 billion merger between insurance giants Anthem and Cigna, said in a court filing that the firms are accusing each other of breaching their agreement, creating a “state of hostility” between the companies.
Consumers are expected to buy more Christmas and other holiday gifts from niche retailers this year, pulling spending away from big store operators.
The chief executive who turned around Domino’s Pizza is trying to do the same for the problem-plagued Toys R Us chain, which has several stores in Indianapolis. Toymakers have every reason to be rooting for him.
The Carmel-based, for-profit educator began liquidation proceedings Friday after closing 136 technical schools, leaving over 35,000 students stranded in one of the largest college shutdowns in U.S. history.
ITT Educational Services Inc., the 70-year-old for-profit college operator that shut down its 136 technical schools last week, has hired advisers to liquidate its assets, according to one of the firms brought in to handle the sales.
Golfsmith, which has 109 stores in the U.S. and 55 in Canada, filed for Chapter 11 bankruptcy on Wednesday. The retailer has one store in Indianapolis.
More than 100 former students of now-closed ITT Technical Institutes announced Wednesday they'll no longer make payments on their federal student loans, part of a revolt against what they call the Obama administration's negligence in policing for-profit colleges.
Bayer AG has agreed to buy Monsanto Co. in a deal valued at $66 billion, winding up four months of talks to create the world’s biggest supplier of seeds and pesticides.
Drugmakers facing a price war in the diabetes market, including Indianapolis-based Eli Lilly and Co., are betting on new technologies to withstand the competition.
Teen clothing retailer Aeropostale Inc. won court permission Monday to sell its assets to buyers led by Indianapolis-based Simon Property Group Inc. and General Growth Properties Inc.
President Barack Obama met with top executives from more than a dozen health insurers on Monday to re-affirm his support for the Affordable Care Act after several companies retreated from the law’s government-run insurance markets.
U.S. stocks fell sharply Friday, pulling the Dow Jones industrial average down almost 400 points, giving the market its worst day since June 24 and worst week since January.
The head of Pfizer Inc., America’s biggest drugmaker, said Democratic presidential nominee Hillary Clinton’s proposals to contain the price of pharmaceuticals would be “very negative” for the industry and are a step toward single-payer health care.
The closure of ITT’s 136 campuses threatens to throw some 29,000 indebted students off their educational tracks, and to saddle taxpayers with nearly a half-billion dollars in losses.
Health insurer Cigna Corp., which has an agreement to be acquired by Anthem Inc., won’t be able to sign customers for its private Medicare plans during the fall enrollment season because of an investigation by U.S. regulators.
A consortium led by Indianapolis-based mall giant Simon Property Group Inc. and rival General Growth Properties Inc. has won an auction for the assets of Aeropostale Inc., with a plan to keep open at least 229 of the bankrupt teen retailer’s stores.
