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Simon?Drops $3.6B Mall Deal, Sues Taubman Centers

PYMNTS

In a complaint filed with the Oakland County Circuit Court in Pontiac, Michigan, Indiana-based Simon Property Group said it is suing Taubman Centers for violating terms of the deal. By midday, Taubman’s stock was down by nearly 22 percent at $35.42 after closing at $45.25 on Tuesday (June 9), according to Yahoo Finance. “The

Michigan 131
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How Healthy Are Hoosier State Storefronts?

PYMNTS

In a normal year, Indiana just isn’t a major player in the primary season, because, generally speaking, by early May everything is usually wrapped up except for the official vote count and the balloon drop. Sure, Hoosier is a slang term for a person from Indiana — everyone knows that — but why is that the case?

Indiana 100
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Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

PYMNTS

The announcement from the mobile network provider serves as the latest demonstration that 5G is coming, and that retailers and payment services providers should get ready to operate in the 5G world. 5G Potential.

Mobile 168
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Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Modern-day retail is at an inflection point as retailers face struggling physical storefronts, massive debt, and inefficient operations, among other issues. Formerly beloved brands such as Aeropostale, American Apparel, and PacSun bit the dust in 2016, and the pace of retail deaths has accelerated since then.

Retail 78
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Possible Sale Of Cars.com Comes Amid Stronger Digital Ties For Automotive

PYMNTS

The paper reported that, in May, the online retailer “added two directors to its 11-member board that were nominated by activist investor Starboard Capital. A Walmart representative said locations will open in Georgia, Illinois, Indiana and Virginia soon, as well as on a microsite on Walmart.com. and autoscout24.de.

Indiana 105
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New Mobile Healthcare Efforts Point To Wider Payment Trends

PYMNTS

The app, called CareSpree, reportedly will roll out later in July in Indiana before expanding to other states in Anthem’s territory. To smooth the friction on the providers’ end, UnitedHealthcare struck a deal to buy healthcare payments firm Equian – privately held by New Mountain Capital – for $3.2 As the U.S.

Trends 187
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CFPB: Are They Coming to Get You?

Jeff For Banks

Similarly, the annual operating cost per account for a retail checking account is $398. With a 1.89% spread and with 0.91% average fees as a percent of balances, the average balance of a retail checking account would have to be over $14,000 to be profitable. Retail banking is heavily regulated. What does that write-up look like?