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Simon Property Group Looks To Raise $300 Million For Shell Company

PYMNTS

A SPAC, or blank-check company, has no commercial operations, but is formed to raise cash and go shopping for an existing company or companies to acquire. Indianapolis-based Simon said the IPO will offer 30 million “units” at $10.

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Analyst Insights: Two Banks that Deliver to Shareholders

Jeff For Banks

2/25 Past actions/decisions give the best insights into a management team's acumen, capabilities, willpower, and its pursuit of excellence.effort lol. Entered Indianapolis on 5/2021, a top 2 Midwest market with Columbus, another market $CFBK is in. Management did not prioritize how things were or what certain people "might like".

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Freight Firm Celadon Settles Accounting Fraud Claims

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Indianapolis-based freight trucking company Celadon Group has agreed to pay its investors $42.2 In addition, some of the company’s quality-management executives allegedly lied to independent auditors in early 2017. “We million after filing false financial statements and lying to auditors.

Fraud 108
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Coronavirus Triggers Furloughs For Over 1K Workers At Simon-Owned Malls

PYMNTS

The furloughs affect employees at Simon’s Indianapolis headquarters as well as at its malls and outlets nationwide, a source familiar with the situation told CNBC. In addition, upper management salaries are being slashed by up to 30 percent. An unspecified number of workers were permanently laid off as well.

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B2B Financing Firm FreightRover Reportedly Impacted By Celadon Fraud Scam

PYMNTS

The Indianapolis-based firm, which works to accelerate B2B payments to truck operators, apparently has removed its CEO and COO — the result of a financial accounting scandal at another trucking firm where FreightRover executives had worked. The problems reportedly stem not from FreightRover, but from Celadon Group Inc.,

Fraud 135
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Mall Vacancies At Highest Level In Eight Years

PYMNTS

Reis data indicates that the proportion of units sitting empty in some cities – with the inclusion of Birmingham, Alabama and Indianapolis, Indiana – is roughly four times higher than San Francisco, the Financial Times reported. Some geographies are coping with the upheaval in retail better than others, as vacancies in U.S.

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Amazon Expands Amazon Home Services To Twenty New Metro Areas

PYMNTS

In a press release , the eCommerce giant said the new cities include Indianapolis, IN; Las Vegas, NV; San Antonio, TX; Ann Arbor, MI; Cleveland, OH; Milwaukee, WI; Boulder, CO; Raleigh, NC; Trenton, NJ; and more. Local service providers opt in based on where they operate and the services they offer.

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