Initial claims for jobless benefits drop sharply
The Labor Department said new claims dropped to the lowest level since August 2008. But much of that was the result of seasonal
factors.
Associated Press
Articles
Homes lost to foreclosure on track to top 1 million this year
Nearly 528,000 homes were taken over by lenders in the first six months of the year, a rate that is on track to eclipse the
more than 900,000 homes repossessed in 2009.
Pacers name Kellogg VP of player relations
Kellogg is a broadcaster for Pacers and CBS college basketball telecasts. He’ll continue his responsibilities with Pacers
TV and as the lead college basketball analyst for CBS.
Cummins moving 100 jobs from Memphis to Mexico
The moves will leave about 1,400 employees of Cummins and its contract workers in the Memphis area.
Ruling on Visteon retiree benefits overturned
In overturning two lower court decisions, a three-judge panel of the 3rd U.S. Circuit Court of Appeals in Philadelphia unanimously
agreed with attorneys representing some 2,100 retirees from two Visteon manufacturing plants in Indiana.
Simon competitor General Growth files reorganization plan
General Growth expects to come out of bankruptcy court with 180 properties, making it the second-largest shopping mall owner
behind Indianapolis-based rival Simon Property Group Inc.
Attorney general says schools can’t charge bus riders
The opinion presents a complication for districts like Franklin Township Schools on the south side of Indianapolis, which
had been counting on charging a bus fee of about $75 per rider beginning this fall.
New March Madness plan includes four first-round games
Two of the so-called “First Four” games will match the lowest seeds, between 65 and 68. The other two games will include the
last four at-large qualifiers.
Medical device maker plans Warsaw expansion
Biomet could add about 280 jobs with the $26 million project, which would lead to some manufacturing being transferred from
New Jersey.
Children’s Museum to offer preschool
Tuition will range from $350 to about $1,050 a semester depending on the number of days a child attends.
Herff Jones closing plant in eastern Pennsylvania
Indianapolis-based Herff Jones Inc. said it will close the printing plant in eastern Pennsylvania this fall, laying off 107
workers.
Purdue steps up efforts to halt illegal downloads
The Higher Education Opportunity Act requires schools to fight illegal distribution of copyrighted material and educate campus
communities about the issue. Schools that don’t comply risk losing their eligibility for federal student aid.
Wind energy transmission raises equity questions
Transmission lines costing about $16 billion are needed to move wind energy into the electric grid. But the cost has sparked
a debate over who should pay for getting the power from where it is made to where it is consumed.
Autistic Indiana man sues social services agency
Lawsuit alleges Indiana’s social services agency illegally counts food stamps as income, resulting in a reduction of state
benefits paid to developmentally disabled people in a Medicaid waiver program.
Purdue board OKs building 3rd luxury dorm tower
The board on Friday approved a $20.6 million construction contact for the First Street Towers project.
State schools spend 58 percent in classrooms
The statewide average for the 2008-09 school year is similar to previous years but still trails the nationwide average by
5 percentage points, according to a budget official.
Shifts at state hospitals to cut 500-plus jobs
The Logansport State Hospital will have 355 workers laid off and 80 vacant positions eliminated under the plan, while 106
people will lose jobs at the Richmond State Hospital.
U.S. jobless claims drop, but remain high
Claims have fluctuated wildly in the past several weeks and have not dropped below January levels. Elevated unemployment claims,
along with last month’s weak jobs report and a struggling housing market, have economists worried the recovery is slowing.
Fort Wayne legislator quits, joins lobbying firm
Rep. Randy Borror of Fort Wayne is ending his re-election campaign to become a senior vice president for Indianapolis-based
Bose Public Affairs Group.
Ex-owner of cemeteries gets prison time
Robert Nelms, ex-owner of cemeteries in four states, including Indiana, has been sentenced to between 32 months and 10 years
in prison for embezzling $4.2 million from a Grand Rapids cemetery.