AP News

Dow drops more than 500 over economy concerns

August 10, 2011
Associated Press
The Dow Jones industrial average fell 519 points, or 4.6 percent, to close at 10,719.94 on Wednesday, wiping out the 429-point gain from Tuesday.
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Stocks plunge after market's opening

August 10, 2011
Associated Press
The Dow Jones industrial average fell 413 points, or 3.7 percent, to 10,827, in morning trading Wednesday. That erased nearly all of its 429-point gain from Tuesday, when the Federal Reserve pledged to keep its key interest rate at nearly zero into 2013.
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KAR Auctions reports $14M quarterly loss

August 9, 2011
Associated Press
Carmel-based used and salvaged vehicle auctioneer KAR Auction Services, Inc. said it lost $14.3 million in the second quarter due to the early payoff of debt.
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Green group: I-69 will drain money from other projects

August 9, 2011
Associated Press
Indiana's 142-mile extension of Interstate 69 between Indianapolis and Evansville will siphon hundreds of millions of dollars away from other road and bridge projects in coming years, according to a report from an environmental group.
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Late surge gives stocks largest advance in two years

August 9, 2011
Bloomberg News
U.S. stocks on Tuesday rallied after the Federal Reserve said it was prepared to use a range of tools to bolster the economy.
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Fed to keep interest rate near zero for 2 years

August 9, 2011
Associated Press
The Federal Reserve said Tuesday that it will likely keep interest rates at record lows for the next two years after acknowledging that the economy is weaker than it had thought and faces increasing risks.
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Indiana part of suit against for-profit college

August 8, 2011
 IBJ Staff and Associated Press
The Obama administration and four states, including Indiana, are accusing Education Management Corp., which operates two colleges in Indianapolis, of illegally paying recruiters to enroll students in an $11 billion fraud.
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Indiana voucher program sees 2,200 students enlist

August 8, 2011
Associated Press
The Department of Education began accepting applications to its broad-sweeping new school voucher program a month ago. Since then, 2,230 students have been accepted into the program
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Indiana stocks part of massive Wall Street sell-off

August 8, 2011
 IBJ Staff and Associated Press
Stock prices hurtled lower Monday as anxiety overtook investors on the first trading day since Standard & Poor's downgraded American debt. Indiana stocks were part of the carnage.
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Indiana casinos see revenues drop, brace for rivals

August 8, 2011
Associated Press
State gaming commission records show that admissions at Indiana's 11 full casinos dropped about 3 percent through the first six months of this year when compared to 2010.
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Stocks go on roller coaster ride after jobs report

August 5, 2011
Associated Press
Market swings continued all day after a better-than-expected employment report. By the market's close, the Dow was up 60 points, or 0.54 percent, to 11,444.
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Indiana counties wrestling with tax overpayment

August 5, 2011
Associated Press
City and county officials across Indiana are starting to wrestle with how they'll deal with the state's plan to recoup roughly $610 million it overpaid local governments for income taxes it expected to collect.
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Stocks turn lower as optimism about jobs fades

August 5, 2011
Associated Press
Stocks rebounded Friday on a report that the U.S. added more jobs than expected during July, but quickly retreated.
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Orthopedics company plans $27M Indiana project

August 5, 2011
Associated Press
Warsaw-based DePuy Orthopaedics expects to spend $20 million on manufacturing equipment and $7 million on research and development equipment and have it installed before 2014.
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U.S. jobless rate dips as economy adds 117,000 jobs

August 5, 2011
Associated Press
Hiring picked up slightly in July and the unemployment rate dipped to 9.1 percent, an optimistic sign after the worst day on Wall Street in nearly three years.
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Franklin Electric moving HQ, 220 jobs to Fort Wayne

August 4, 2011
 IBJ Staff and Associated Press
Franklin Electric Co. Inc. says it will move its corporate headquarters from Bluffton to a $25 million development in Fort Wayne by 2013. The company has 220 employees and expects to add 35 more by 2014.
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UPDATE: Dow drops 513 in worst day since '08

August 4, 2011
Associated Press
A broad sell-off sent major stock indexes down more than 4 percent for the day.
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Indiana schools chief suggests grades for districts

August 4, 2011
Associated Press
Indiana's public education chief wants to start giving school districts letter grades on an A-to-F scale to hold them accountable for how their schools perform.
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U.S. unemployment applications slip slightly

August 4, 2011
Associated Press
The number of people seeking unemployment benefits dipped last week but has been at or above 400,000 for 17 straight weeks.
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Medical implant maker plans move from northern Indiana

August 4, 2011
Associated Press
Rochester Medical Implants plans to move operations from Rochester to Noblesville in October. The company has 28 employees.
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Skillman to lead trade mission to Japan

August 4, 2011
Associated Press
The lieutenant governor's delegation will will leave in September and focus on job creation.
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Aetna latest out of Indiana individual health market

August 3, 2011
Associated Press
The nation's third-largest health insurance company is the latest to leave the individual policy market in Indiana in another sign of diminishing competition.
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Frontier, flight attendants reach tentative deal

August 3, 2011
Associated Press
Frontier Airlines and the union representing its nearly 1,000 flight attendants have reached a tentative agreement to trim labor costs.
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Candidate Pence eyes Indiana income-tax cuts

August 3, 2011
Associated Press
Republican Mike Pence is looking at ways to cut Indiana income tax rates across the board if elected governor next year.
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Indiana tax revenue better than expected for July

August 3, 2011
Associated Press
The new budget year is off to a good start for Indiana's state government with about $23 million more in tax revenue coming in than expected.
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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

  2. I sure hope so and would gladly join a law suit against them. They flat out rob people and their little punk scam artist telephone losers actually enjoy it. I would love to run into one of them some day!!

  3. Biggest scam ever!! Took 307 out of my bank ac count. Never received a single call! They prey on new small business and flat out rob them! Do not sign up with these thieves. I filed a complaint with the ftc. I suggest doing the same ic they robbed you too.

  4. Woohoo! We're #200!!! Absolutely disgusting. Bring on the congestion. Indianapolis NEEDS it.

  5. So Westfield invested about $30M in developing Grand Park and attendance to date is good enough that local hotel can't meet the demand. Carmel invested $180M in the Palladium - which generates zero hotel demand for its casino acts. Which Mayor made the better decision?

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