Recession

Developer pulls back on growth to survive precarious economyRestricted Content

March 31, 2008
Cory Schouten
The CEO of locally based Lauth Group Inc. says most people he knows in the business, even the steely types who always project optimism, are privately nervous about the economic morass that began with a collapse in subprime mortgages.
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Credit-market turmoil casts uncertainty over ITT Educational ServicesRestricted Content

March 24, 2008
Tracy Donhardt
ITT Educational Services Inc. and other for-profit schools are facing a maelstrom of financial threats that analysts say could hurt student recruiting and profit margins--and already has driven stock prices down sharply. ITT shares are off 61 percent since hitting an all-time high of $131.82 in November.
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Local builders slash jobs, offices to survive housing slumpRestricted Content

January 28, 2008
Cory Schouten
At the market's peak, builders churned out more than 12,000 new homes a year in central Indiana. In the current slump, new-home production has dropped to fewer than 7,000 per year, leaving builders with no choice but to slash prices, eliminate hundreds of jobs, and look to unload huge chunks of office space.
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