Business

Monday’s business headlines

INDIANAPOLIS (WISH) – Here’s a look at Monday’s business headlines.

Simon malls

Simon’s deal to buy Taubman is still on.

The two mall owners reached a deal Sunday night on the merger but at a much lower price, an $800 million cut.

Simon and Taubman were to go to court Monday to settle legal matters that were part of its breakup.

Simon and Taubman had a deal before the pandemic threw a wrench into those plans.

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Farmland

Ag bankers in the Midwest reported the largest year-over-year increase in agricultural land values, 2% since 2014.

The Chicago Federal Reserve says Indiana and Wisconsin led the way with year-over-year jumps in their farmland values of 6% and 3% respectively.

The Kansas City Federal Reserve said values increased in all Plain states except Nebraska.

Tyson

Tyson Foods is using infection-tracking algorithms and ongoing employee testing to shield workers.

The biggest U.S. meatpacker is trying to protect itself and workers from a fresh surge in coronavirus cases and keep grocery stores stocked.

The Wall Street Journal reports meat companies began issuing masks, checking employees’ temperatures and installing dividers between processing-line work stations. Since the spring, infections among workers have eased and meat production has rebounded.

Zoom

To help families stay connected at a time when it’s not safe to travel, Zoom is lifting its usual 40-minute limit on free video chats for Thanksgiving.

Starting at midnight on Nov. 26 through to 6 a.m. on Nov. 27, you and your family will be able to talk over the app for as long as you want.

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