Economy

Finish Master profit slides

May 7, 2010
 IBJ Staff
Recession aftermath continued taking a toll on sales of paint for auto repairs.
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Productivity grew 3.6 percent in first quarter

May 6, 2010
Associated Press
Productivity growth and falling labor costs are good for corporate profits but mean household incomes continue to be squeezed, putting the economic recovery at risk.
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Employment costs up 0.6 percent in first quarter

April 30, 2010
Associated Press
The increase was the biggest quarterly gain since a similar 0.6-percent rise in the third quarter of 2008.
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Airport cargo-traffic rise could be sign of improving economy

April 20, 2010
Chris O'Malley
Retailers restocking lean inventories and more online purchases could be driving cargo uptick.
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State jobless rate ticks up to 9.9 percent

April 16, 2010
The number of jobs in Indiana rose by 16,600, marking the largest month-to-month increase since September 2005, the Department of Workforce Development said.
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White House hails economic gains, foretells slow recovery

April 4, 2010
Associated Press
Buoyed by good news on the jobs front, the White House claimed credit Sunday for reversing the downward economic spiral while bracing out-of-work Americans for a slow recovery.
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Jobless claims drop more than expected

March 25, 2010
Associated Press
New claims for unemployment benefits fell more than anticipated last week—partially due to changes in the calculations—as layoffs ease and hiring slowly recovers.
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Job searches dragging on a year later

March 6, 2010
J.K. Wall
Out of six professionals IBJ profiled a year ago, three have found jobs, although all have accepted lower pay than they were getting before. One could not be reached, but she still lists herself as looking for work on LinkedIn.com. Two tried to start their own businesses, with one giving up and one, Bruce Flanagan, still trying.
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HICKS: Courage will be necessary to curb inflationRestricted Content

March 6, 2010
Mike Hicks
Inflation causes lenders to raise interest rates. Businesses slow their borrowing, produce less and require fewer workers. Within a year or so, inflation becomes everyoneâ??s problem.
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Intellectual property practices in law firms recovering from recessionRestricted Content

February 27, 2010
Norm Heikens
Practices are beginning to thaw along with other areas of the economy.
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Protest at Evansville Whirlpool plant draws 1,500

February 26, 2010
Associated Press
Company shuttering plant, moving work to Mexico.
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Weather blamed for unexpected rise in jobless claims

February 25, 2010
Associated Press
New claims for unemployment benefits jumped unexpectedly last week, mostly because state agencies processed a backlog of claims caused by snowstorms the previous week.
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Ivy Tech, IPIC snare $10M in job-training grants

February 15, 2010
 IBJ Staff
Programs will bolster job opportunities for some 1,700 Indiana workers in sectors including health care and advanced manufacturing.
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Columbia City plant to close, nixing 135 workers

February 12, 2010
 IBJ Staff and Associated Press
Fort Wayne Foundry Corp. will shutter the auto parts factory for the second time in a year, as its jobs head to Mexico, according to a union official.
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Kmart closing adds to Connersville jobless woes

February 11, 2010
Kmart's announcement that it will close its store in Connersville in May will put 59 employees out of work. Fayette County, where the city is located, already is strapped by steep job losses.
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National unemployment rate drops to 9.7 percent

February 5, 2010
Associated Press
January's report offers hope that employers may start adding jobs soon. Excluding the beleaguered construction industry, the private sector as a whole added 63,000 positions.
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Economy bolts forward 5.7 percent in fourth quarter

January 29, 2010
Associated Press
There's more evidence that the recession is over, as businesses restock inventories and both corporate and consumer spending increases.
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Clarian to resume construction at Riley Hospital for Children

January 16, 2010
 IBJ Staff
It’s the latest exhalation by a local hospital after massive investment losses and a scary economy forced them to tighten their belts a year ago.
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KATTERJOHN: Rise to the challenge in 2010Restricted Content

January 2, 2010
Chris Katterjohn
Multiple challenges remain, no doubt. But I feel a whole lot better about our prospects than I did a year ago at this time.
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MARCUS: Don't learn economics from announcers

January 2, 2010
Morton Marcus
We don’t support the library or most government services with adequate taxes.
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Slump sets Hoosier job levels back 14 years

December 26, 2009
Norm Heikens
The 131,000 jobs lost in the 12 months ended in November amounted to a 7.2-percent decline and were nearly equivalent to the combined populations of Carmel and Fishers.
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First decade of century marked by buyouts and bubbles

December 26, 2009
J.K. Wall
The decade witnessed a massive terrorist attack, two wars, and a building-and-buyout boom fueled by easy credit.
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Indiana banker meets with Obama, Geithner

December 23, 2009
Peter Schnitzler
Mark Schroeder, CEO of Jasper-based German American Bancorp, was one of just 12 community bankers who talked shop Tuesday with the president and Treasury secretary.
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Indiana's unemployment rate slips to 9.6 percent

December 18, 2009
Scott Olson
Indiana's unemployment rate ticked downward in November, falling to 9.6 percent, the Indiana Department of Workforce Development said Friday morning.
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HICKS: Recession may help close job-skills gapRestricted Content

December 12, 2009
Mike Hicks
One of the most important effects of the recession â??lower employment â?? is likely to be stubbornly persistent.
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  1. Uh, sorry Johnnie, but you are incorrect. Despite the assertions by yourself and various defenders and captains, sports attendance is NOT off significantly at most sporting events in the US. Variances in attendance has been in the range of single digits, both + & - for years now. MLB has had most of its best overall attendance nubers in the last decade, and that trend has been consistent for most major sporting events. The number one issue cited by most fans when asked about attendance is the overall cost of attending. The presence of HD and big screen televisions in home doesn't even register, as a factor for not attending an event. VALUE in the product is the key, and apparently is something lacking in the current ICS. What other explanation is there when with what is routinely touted as the "best" racing on the planet, fans are staying away in DROVES. A "close" title battle into the last event at Fontana, with the "cars and stars" of the ICS, and who showed up? MAYBE 8K. Sorry, but HD TV isn't to blame for that kind of fan apathy.

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  3. If she was worth the $ the public outcry over direct tv dropping them would have kept them on their dishes as we have seen with other companies. I too quit watching channel 13 after she showed up since I left channel 8 because of her all show rather than production results. When Randy on 8 corrected her she had a big head and incorrectly challenged his correction for pronunciation of a city. Other antics while she matures was too much for me with her very inaccurate forecasts. All the forecasters were predicting rain until Thursday except Chris. They predicted sunny on Thursday but instead of rain until Thursday upon which the sun would finally make it out in full glory Chris was right on the money just as I too predicted looking at the radar on weather.gov. One thing I love about Angela is the fear you can see in her every time it thunders in the winter. It far exceeds the entertainment value of her body language (high heel noise drags, depression, etc) when her forecasts are so incorrect. Her hair stands on end, you have to see it!!!

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