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SKARBECK: Are equities really dead? Depends on whom you ask
References to the infamous 1979 Business Week article “The Death of Equities” have resurfaced in the media.
HICKS: Global slowdown makes its way to Wyoming
Federal Reserve Chairman Ben Bernanke recently spoke of a slowing world economy at the annual fete of world economists in Jackson Hole, Wyo. His speech was the typical measured prose of someone whose choice of adverbs has the capacity to send markets diving. However, to an experienced listener, two interesting tidbits emerged.
Firefighter, 2 others charged in molestation
An Anderson firefighter, his ex-wife and his retired police officer brother were arrested Wednesday and charged in connection with a child molestation. Martin “Skip” Ockomon, 46, is accused of molesting a family member. He's the brother of former Anderson Mayor Kris Ockomon. Martin Ockomon's ex-wife, 48-year-old Renee Brewster, faces neglect charges. His brother, 60-year-old Roger Ockomon, is accused of knowing about the alleged crimes while serving in the Anderson Police Department but failing to report them.
Body found in burned apartment
Investigators found human remains Wednesday night in an Indianapolis apartment that burned a month ago. Detectives were called to Abney Lake Apartments near 38th Street and Kessler Boulevard after management reported strong odors from an apartment that burned Aug. 4. An autopsy was scheduled Thursday to determine the cause of death and identify the body.
Four armed robbery suspects arrested
Indianapolis police have arrested four suspects in connection with four armed robberies on Labor Day: Elliot Johnson, 20; Shaquille Carter, 19; Brandon Nabors, 18; and a male juvenile. All are from Indianapolis. Three of the robberies happened in the span of several minutes just before 12:30 p.m. Monday near 16th Street and College Avenue. A fourth robbery took place a few hours later. Several victims were beaten and another was struck by a car while riding his bike.
Architecture firm plans to expand, add 27 employees
Guidon Inc. said it will add the jobs by 2016 as part of a $545,000 expansion that includes upgrades to its facility at 2453 N. Delaware St. in Indianapolis.
State high court to hear Simon defamation suit
The Indiana Supreme Court has agreed to hear oral arguments Oct. 24 in the case involving a California lawyer that stems from a separate suit filed by a former nanny of Herb and Bui Simon.
Republic aims for American’s regional flights
Regional airline Republic Airways hopes to take advantage of American Airline's bankruptcy and pick up some flying on behalf of the carrier.
Report: Simon foe General Growth hiring investment bank
The board of General Growth Properties—a longtime acquisition target for locally based Simon Property Group Inc.—may reconsider a sale of the company two years after it spurned a Simon offer.
IU unveils $8M plan to expand online education
Indiana University is investing $8 million to help develop and deliver online courses at its campuses statewide and extend the university's global reach.
Cummins starts hiring freeze as sales slow
Engine maker Cummins Inc. says it has instituted a global hiring freeze for at least the rest of this year with an uncertain impact on announced expansions of Indiana operations.
Fairbanks awards $1.6M to local Teach for America
The Indianapolis-based Fairbanks foundation will award the funds over three years to help Teach for America recruit and train teachers to teach in the city’s public school system.
Indiana legislators want to defend immigration law
Three state senators say Indiana's attorney general effectively nullified their votes when he opted not to defend sections of a state immigration law he said were rendered invalid when the U.S. Supreme Court struck down similar sections of an Arizona law.
Not-for-profits urge lawmakers not to kill plates
Organizers from not-for-profit groups urged Indiana lawmakers Wednesday not to kill the sales of specialty license plates that raise some of their funding.
BARNARD: Courts hand business big victory over insurers
If your Indiana business has purchased liability insurance over the years and now faces an issue of environmental contamination, you might have valuable insurance coverage you don’t know about.
Commuter subsidies often go unnoticed
In a dark little corner of the tax code known as Section 132(f), the IRS lets employers provide tax-free benefits—typically, payroll deductions and/or subsidies—to employees for commuting costs. That includes vans, buses, bikes, trains, and even parking. And both parties can save, since they’re not getting dinged for their respective taxes on the amount of the benefit.
Indiana’s tax revenue down slightly in August
Figures released Wednesday by the State Budget Agency show August's tax revenue came in at about $948 million, or 1.7 percent below projections.
