Economy

White River Capital negotiating new terms for its First Chicago Bancorp mergerRestricted Content

April 20, 2009
Peter Schnitzler
In a March 13 filing with the Securities and Exchange Commission, publicly traded White River revealed it's postponed its merger with First Chicago Bancorp, and now is negotiating new terms.
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Lauth, a once-booming developer, has sliced 90 percent of work force, lost control of some propertiesRestricted Content

April 20, 2009
Cory Schouten
Struggling developer Lauth Group Inc. has cut about 90 percent of its staff and lost control of part of its portfolio to a major equity partner-developments that raise doubts about whether the locally based company can survive the recession.
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Prolonged woes reshape Connersville, city once known as 'Little Detroit'Restricted Content

April 13, 2009
Kathleen McLaughlin
With economists predicting the statewide unemployment average will reach 10 percent this year, the experience of a hard-hit city like Connersville offers a glimpse of what lies ahead for other manufacturing-reliant Hoosier communities.
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Recession slices into golf business; courses roll out promotionsRestricted Content

April 13, 2009
Anthony Schoettle
Indiana golf course operators are nervous about how the recession might lead to fewer golfers and lost revenue.
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Hungry for customers, restaurateurs dangle dealsRestricted Content

April 6, 2009
Sam Stall

Restaurateurs are responding to the recession, be they the proprietors of fine-dining establishments or burger joints, by offering low-cost dining deals.

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Foreclosure investors shift to buy-and-hold strategyRestricted Content

April 6, 2009
Sam Stall
Instead of buying and selling, investors with ready cash are buying houses at substantial markdowns, turning them into rental properties and sitting tight until the market improves.
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Youth program may promote sense of purposeRestricted Content

April 6, 2009
Mike HicksMore

Franchisors also feel recession's financial pinchRestricted Content

March 30, 2009
Peter Schnitzler
About two dozen franchises based in Indiana are not immune to difficulties during the recession.
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Auction-rate securities suit names Stifel's Cohen, othersRestricted Content

March 30, 2009
 IBJ Staff
Among defendants named in a Missouri lawsuit against investment firm Stifel Nicolaus and Co. is Stifel Managing Director Jeffrey Cohen, who is based in the company's Indianapolis office.
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Auto sellers want refuge from industry fallout, but trio of bills have fallen flat at StatehouseRestricted Content

March 30, 2009
Chris O'Malley
Car dealers fearful of losing their flagship brands if auto manufacturers crash and burn aren't getting much help from the Indiana General Assembly.
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Analysts lower outlooks for Allison, say transmission maker vulnerable to defaultRestricted Content

March 30, 2009
Kathleen McLaughlin
Local manufacturing stalwart Allison Transmission will have to restructure its more than $4 billion in debt or further cut expenses if it's going to weather the recession.
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State's gambling jackpot may have reached its limitRestricted Content

March 30, 2009
Peter Schnitzler
Hoosiers' long ride on the gambling gravy train finally may be coming to an end.
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Things aren't as bad as we thinkRestricted Content

March 23, 2009
Morton Marcus
Difficult economic conditions have been faced before and we have both the tools and will to overcome our problems.
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Horse trading key to solving unemployment deficitRestricted Content

March 23, 2009
Ed Feigenbaum
In the past, lawmakers ignored the need to fix financing for the Unemployment Insurance Trust Fund, and now they must come up with solutions that will be difficult for both Democrats and Republicans to accept.
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Bonus outrage poor excuse for good public policy

March 23, 2009
Mike Hicks
The wages paid by a company to its employees are a distinctly private matter.
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Giving bad news the right wayRestricted Content

March 16, 2009
Layoffs don't have to be brutal.
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These stories might cheer you upRestricted Content

March 16, 2009
Chris Katterjohn
This week I'm going to be your own, personal Pollyanna and try to cheer you up with some good news.
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Indiana's wage gap is growingRestricted Content

March 16, 2009
Morton Marcus
Indiana leaders need to focus on the increasing gap between the average wage in Indiana and in the nation.
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Manage your way through this recessionRestricted Content

March 16, 2009
Jon Ford
The job of a CEO has never been tougher.
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Proprietary developments withering from recessionRestricted Content

March 16, 2009
Scott Olson
Financing is the lifeblood of companies turning intellectual property into a product or service, but turbulent economic conditions have made it increasingly difficult to raise cash from investors who are content to wait out the storm by concentrating on their existing portfolios.
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C.P. Morgan's demise puts 2,000 home sites on market already overwhelmed with landRestricted Content

March 9, 2009
Cory Schouten
The end of C.P. Morgan, the largest central Indiana builder for a decade, will throw 1,200 home lots and options for 800 more onto an already flooded land market.
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Struggling contractors hope for sale of factoryRestricted Content

March 9, 2009
Kathleen McLaughlin
Contractors struggling under the weight of an unfinished factory in Tipton are hoping for a quick sale to recover at least some of the $44 million they say they're owed by Getrag Transmission Manufacturing.
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Feelings may contradict economic factsRestricted Content

March 9, 2009
Morton Marcus
How we feel individually about the economy is often at odds with how the economy is performing.
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Answer to stimulus formula equals inflationRestricted Content

March 9, 2009
Mike Hicks
When economists worry about the health of the banking system, it is primarily because we are concerned with a stable velocity of money.
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In times of trouble, encountering a chance to let it beRestricted Content

March 9, 2009
Bruce Hetrick
I went to church Sunday night. It wasn't a religious experience â?? wasn't supposed to be, anyway.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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