Without the rescue, it appears the teen fashion retailer’s remaining stores are heading for liquidation, an event that will put about 10,000 people out of work. Aeropostale has five Indianapolis-area stores.
J.C. Penney Co. is in a surprising position more than four years after it was almost run aground by a former CEO: It could be the last department store standing at your local mall.
The decision is a potential death blow to Carmel-based ITT, which derives most of its revenue from federal loans and grants. Its stock was halted Thursday after shares fell 35 percent.
Sears Holdings Corp., which operates about 80 stores in Indiana, is once again lining up financing after losing more than $9 billion in recent years.
The few areas in which McMansions are gaining value faster than more tasteful housing stock are primarily the Midwest and the eastern New York suburbs that make up Long Island.
Since late April, when Donald Trump secured the Republican nomination, $146 million has been spent on advertising in the presidential race, compared with $373 million over the same period in 2012.
One day after retailer Home Depot reported record earnings that signaled an improving U.S. housing market, competitor Lowe’s reported weak sales growth and cut its profit expectations for the year.
The dour outlook renews concern that the retail economy is sliding into a deeper funk.
A big part of the greenhouse-gas reductions are expected to come from engine improvements, cutting fuel consumption by up to 5 percent, benefiting companies like Indiana-based Cummins Inc.
The sporting goods chain with eight area stores saw its stock rise as much as 10 percent Tuesday morning. The retailer is benefiting from the demise of its biggest rival.
Much of the drop comes from an improving economy, but efforts to reduce enrollments among able-bodied adults who are capable of working are also accelerating the decline.
The decision by Aetna is the latest blow to President Obama’s signature domestic policy law. While it has brought coverage to millions, the new markets have proven volatile for some of the largest for-profit insurers.
Anthem Inc. will go to trial against the U.S. in late November to defend its $48 billion takeover of rival insurer Cigna Corp., a start date later than Anthem said it needed to potentially close the deal by an April deadline.
Investors appeared emboldened by remarks from a Justice Department lawyer Friday that the government was willing to hear settlement offers in its antitrust case involving the merger of the two insurers.
All three U.S. stock benchmarks rose together to record highs for the first time in 16 years on Thursday amid surprising earnings.
Eli Lilly and Co. shares dipped Wednesday after a promising breast cancer treatment failed to meet interim efficacy criteria in a late-stage trial, possibly delaying its entry to market.
California-based Genesys Telecommunications Laboratories Inc. is in early talks to acquire Indianapolis-based competitor Interactive Intelligence Group Inc., people with knowledge of the matter said.
The operator and franchiser of more than 250 roadhouse-themed restaurants, including four in the Indianapolis area, said it plans to close 18 under-performing restaurants as part of the reorganization plan.
Small-business and manufacturers’ groups praised a proposal by Republican presidential candidate Donald Trump to take the U.S. federal corporate tax from the highest to one of the lowest among developed nations.
Mattress Firm, the largest mattress seller in the United States, has at least 23 stores in the Indianapolis area.
