Businesses unexpectedly increased their inventories in October, halting a slide of 13 consecutive declines. The small gain,
along with a fifth straight increase in sales, raised hopes that businesses will begin restocking their depleted shelves,
helping support the economic recovery.
The government’s report came as a surprise because the nation’s retailers have been reporting generally lackluster results
for the start of the holiday shopping season.
Steel Dynamics Inc., the nation’s fifth-largest producer of carbon steel products, said Thursday it expects fourth-quarter
earnings to decline from third-quarter levels due to lower shipments and weaker profit margins at its metal recycling operations.
The project will nearly double the convention center’s size and put Indianapolis 16th among U.S. cities in convention space.
Talk of expanding the NCAA tournament is almost always done in public, most notably by Syracuse coach Jim Boeheim in 2006.
Now, the Indianapolis-based NCAA is looking into it behind closed doors—at least preliminarily.
The Eli Lilly and Co. Foundation has given Indiana University $1 million to start a school of public health at Indiana University-Purdue
University Indianapolis.
The Carmel-based auctioneer had expected to raise $340.9 million through its IPO, but the company said it would sell 25 million common shares at $12 each for total proceeds of $300 million.
The number of newly laid-off workers seeking jobless benefits rose more than expected last week, after falling for five straight
weeks.
The Indiana Utility Regulatory Commission’s goal is annual statewide energy savings of 2 percent within a decade.
Eli Lilly and Co. said it still expects its earnings per share to grow in the double-digit range through 2011.
The Gaming Study Committee’s report said allowing riverboat casinos to relocate inland could be helpful.
Bills aimed at adding caps on property tax bills to the state constitution and delaying increases on unemployment insurance
taxes are now before the full Republican-controlled Senate, weeks before the entire Legislature convenes on Jan. 5.
Indiana’s farmers are facing their latest corn harvest in nearly 40 years because of a long stretch of bad weather that’s
kept them out of their fields.
Muncie’s mayor says she’s planning to close the city animal shelter because budget cuts would leave it understaffed.
The Rose-Hulman Institute of Technology’s board of trustees have elected interim school president Matt Branam the college’s
new full-time president.
If approved by the full Legislature during the session that gets under way in earnest in January, voters would decide whether
the caps should be constitutional.
Last week, Patrick signed a three-year contract extension with Andretti Autosport to stay in the IndyCar series, but its schedule
gives her enough time to also try NASCAR.
The layoffs of half the division’s inspectors were blamed on the state’s financial troubles.
The Indiana Senate Tax and Fiscal Policy Committee plans to vote Tuesday on bills to cap property taxes and delay unemployment
insurance tax increases.
The pharmaceutical industry may have to cough up more than the $80 billion it agreed to contribute to President Barack Obama’s
health overhaul effort, reflecting pressure from Democrats and their supporters for more money to cover older and low-income
people.
