Potential Kohl’s sale falls apart in shaky retail environment
Kohl’s shares tumbled as much as 20%, to $28.50 each, Friday morning, their biggest drop since March 2020. The stock had already fallen 28% so far this year through Thursday’s close.
Kohl’s shares tumbled as much as 20%, to $28.50 each, Friday morning, their biggest drop since March 2020. The stock had already fallen 28% so far this year through Thursday’s close.
A commission tasked with reviewing Indiana’s public health infrastructure has found spending per capita lags and is set to pitch a significant investment.
Ever-increasing prices at the pump and grocery store checkout line aren’t the only places where Hoosiers can see the impact of inflation—state building projects are also feeling the budgetary strain.
Rising prices for materials such as asphalt, steel and iron pipes are driving up the costs to build roads, bridges, rail lines and water mains. The prices for some infrastructure materials have risen even faster than general consumer prices.
The proposed $175 million project that could add more than 400 apartments to the area surrounding the Indianapolis City Market was chosen over two other bids from local development firms—both of which differed greatly from the winning proposal.
Vaughn will oversee day-to-day operations for the firm as well as handle contracts and legal matters.
Shares of Kohl’s rose as much as 12% Tuesday morning after the retailer said that it is in advanced talks to be sold in a deal worth about $8 billion.
In all, at least 15 Indiana solar farms of 1,000 acres or more are slated to go online by 2024, with several more in various stages of development.
Indianapolis, which has hosted the event since 1987, beat out competing bids from Los Angeles and Dallas.
Ryan Vaughn is leaving the Indiana Sports Corp. for a job in the private sector, while DePaul University in Chicago has hired away University of Indianapolis President Robert Manuel.
Ryan Vaughn, who has led the Indiana Sports Corp. since 2014, plans to resign from his role as president on July 1. There has been speculation that Vaughn might someday run for mayor.
City officials plan to get public input on potential reuses for the 100-year-old home of Fire Department Station No. 32 at 6330 N. Guilford Ave.
While it’s unclear if the challengers can defeat incumbents backed by Republican leaders’ multimillion-dollar campaign fund, they say they are tapping into a deep resentment among voters—and even winning a few seats could nudge the Legislature further to the right.
Elon Musk’s offer, made public in a filing Thursday, shows he is willing to risk some of the lucrative Tesla shares that have made him the world’s richest person to acquire the platform Musk has described as a modern-day town square.
The Big Ten Conference is sticking with Indianapolis for its football title game through 2024, but is shaking up its sites for two other marquee championships.
Many companies that began producing personal protective equipment with patriotic optimism have scaled back, shut down or given up, according to an Associated Press analysis based on numerous interviews with manufacturers.
Central Indiana homes typically exit the market after only five days, according to Zillow, with the average Indy metro house priced at about $255,000 as of February—up 20.5% from last year.
A fight over zoning has devolved into debates over odor, water quality, and the impact of another wastewater treatment plant in the area on nearby residents.
Indianapolis-based health insurer Anthem Inc. is suing a former executive, claiming he stole trade secrets, went to work for a direct competitor, and breached a contract involving restricted stock agreements.
College sports leaders are working to transform the top tier of NCAA athletics, from how Division I should be governed to what should be required of schools to compete at the highest level. And changing the NCAA could lead to changes in its crown jewel event—the Division I men’s college basketball tournament.