Kentucky’s perfection driving Final Four ticket prices to record
The average resale price for an all-session strip of tickets to the April 4 semifinals and April 6 title game is $1,893, according to secondary market ticket aggregator TiqIQ.
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Dow Chemical strikes $5 billion chlorine deal with Olin
The parent to Indianapolis-based Dow AgroSciences LLC agreed to sell almost all of its chlorine business, the world’s largest, to Olin Corp. in a $5 billion deal as it pares less profitable products.
Anthem to help Feds study U.S. medical billing system
President Barack Obama is enlisting private companies into his drive to change the way the U.S. pays its medical bills, including insurers Anthem Inc. and Cigna Inc. and casino chain Caesars Entertainment Corp.
States ask court to keep RadioShack from selling customer data
Twenty-two states, including Indiana, have rallied around Texas in its legal challenge to RadioShack’s plan to sell personal data on 117 million customers.
Alzheimer’s debate revived by new Mayo Clinic study
New research from the Mayo Clinic is bringing back a long-running debate over whether drug companies like Eli Lilly and Biogen are focusing on the right target in developing therapies to treat the disease.
Potential Alzheimer’s drug further backs protein hypothesis
The results of an experimental drug for Alzheimer’s disease provide the best evidence so far that the memory-robbing condition is caused by an errant protein in the brain. Drugmakers including Eli Lilly have been concentrating their Alzheimer’s research on that area.
UPDATE: Simon increases bid for Macerich to $23B in ‘final offer’
By buying Macerich, the largest U.S. mall owner would expand its holdings on the West Coast and add top-tier properties that rarely come up for sale. The offer will be withdrawn if Simon is unable to meet with Macerich to negotiate terms of an agreement by April 1.
Under Armour’s Final Four Road runs through Notre Dame
Under Armour is forging a path in a sneaker industry dominated by Nike Inc. by signing big deals with high-profile college programs like Notre Dame.
The numbers that really make the NCAA tournament work
The NCAA men’s basketball tournament really gets going Thursday with 16 games on the schedule. Here’s a quick look at the figures, other than basketball scores, that make the tournament a success.
Senators demand Anthem hasten notifications on data breach
Two senior U.S. senators demanded Anthem Inc. pick up the pace in notifying as many as 79 million Americans that their personal information may have been stolen from the health insurer in a computer breach last month.
Simon seen likely to boost Macerich buyout bid after rejection
Macerich Co.’s rejection of a $16 billion buyout offer and adoption of takeover defenses leaves Simon Property Group Inc. with few options but to make a higher bid to win the mall landlord.
NCAA appeal says students will lose if amateur sports rules tossed
The Indianapolis-based NCAA presented its case to the U.S. Court of Appeals on Tuesday in an effort to reverse a judge’s ruling that the organization is running a multibillion-dollar cartel that cheats athletes.
Macerich rejects Simon Property’s $22.4B takeover bid
California-based mall owner Macerich Co. has rebuffed an unsolicited takeover bid from Simon Property Group Inc., saying it substantially undervalues the company and raises antitrust concerns. Analysts and investors expect Simon will make a higher bid.
Indy’s federal home loan bank still admitting REITs
The Federal Home Loan Bank of Indianapolis is again admitting mortgage-investment firms as members, even as the overseer of the government-chartered system of 12 regional lenders considers barring such companies.
Big Boy owner says exec embezzled much more than estimated
Frisch’s Restaurants Inc. sued former Assistant Treasurer Michael Hudson in January, alleging that he forged payroll documents and falsified accounting entries, then diverted company funds into personal accounts over several years.
NCAA revenue climbs for 14th straight year
National Collegiate Athletic Association revenue rose as income from investments doubled and media rights agreements brought in more money for college sport’s governing body.
Macerich investors want more to clinch mall megadeal
Simon’s acquisition offer is only 6.6 percent higher than Macerich’s average price in the previous 20 days. One reason the premium looks miniscule is because Macerich’s stock had already jumped 24 percent since November on takeover speculation fanned by Simon.
Macerich, Simon shares rise on talk of acquisition
Macerich Co. shares had their biggest increase in three months Thursday morning after the Wall Street Journal reported that Simon Property Group Inc., the largest U.S. mall owner, has made approaches to buy the company.
Simon interested in acquiring West Coast mall owner
Simon Property Group Inc. has approached Santa Monica, California-based Macerich Co. about an acquisition after taking a stake in the company last year, sources say. Macerich, with a market value of $13.3 billion, has a high concentration of West Coast properties.
Republicans fail to override Obama veto of Keystone pipeline
Eight Democrats joined 54 Republicans in voting to overturn the veto, short of the two-thirds super majority needed. Obama said he opposed the bill because it would circumvent his administration’s review, now in its sixth year.